Archer Materials Advances Quantum Computing

Archer Materials Limited (AU:AXE) has released an update.

Archer Materials Limited reports advancements in their quantum computing and medical diagnostics technologies, including enhanced electron spin lifetimes for their 12CQ quantum chip and progress in the development of their Biochip gFETs. The company successfully showcased its technologies at global events and remains financially robust with a strong cash position of $18.2 million, enabling continued innovation and development without debt. Key achievements include a new method to improve quantum information reading and the establishment of commercial-scale fabrication processes for their Biochip.

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