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Archer Materials ( (AU:AXE) ) just unveiled an update.
Archer Materials has made significant progress in its core technologies, particularly in the quantum computing and medical diagnostics sectors. The company has advanced its 12CQ quantum project by extending its collaboration with Queen Mary University of London, aiming to demonstrate a qubit by next year. In the medical diagnostics field, Archer has developed a silicon chip integrating Biochip gFET with electrical readout circuitry, moving closer to a hand-held blood testing device. The company has also established an advisory committee to support technological advancements and commercialization efforts, maintaining a strong cash position of $13.7 million with no debt.
More about Archer Materials
Archer Materials Limited is a semiconductor company focused on advancing the quantum computing and medical diagnostics industries.
YTD Price Performance: -54.31%
Average Trading Volume: 257,233
Technical Sentiment Signal: Sell
Current Market Cap: A$67.53M
Learn more about AXE stock on TipRanks’ Stock Analysis page.