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An announcement from Archer Materials ( (AU:AXE) ) is now available.
Archer Materials has extended its partnership with Queen Mary University of London to further develop qubit technology, a critical component of their quantum technology program. This collaboration aims to achieve key milestones in qubit development, including the ability to electrically probe and measure single electron spin states, which is essential for the readout and control of qubits. The project, costing approximately A$279,000, is expected to contribute to significant advancements in Archer’s quantum device capabilities, with implications for their positioning in the quantum computing industry.
More about Archer Materials
Archer Materials is a technology company operating within the semiconductor industry. The company is focused on developing advanced semiconductor devices, including chips relevant to quantum computing, sensing, and medical diagnostics, leveraging global partnerships for potential deployment across multiple industries.
YTD Price Performance: -54.31%
Average Trading Volume: 222,040
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$67.53M
See more insights into AXE stock on TipRanks’ Stock Analysis page.