Archer Materials Limited (AU:AXE) has released an update.
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Archer Materials Limited has partnered with MultiDimension Technology to develop and manufacture advanced tunnel magnetoresistance (TMR) sensors for industrial use, leveraging quantum mechanics for enhanced performance in sectors such as AI, automotive, and IoT. These TMR sensors promise higher sensitivity and efficiency than traditional sensors, with the potential to generate revenue within the next one to two years while furthering Archer’s long-term quantum computing ambitions. Archer will utilize its quantum computing research to optimize TMR sensor design, aiming to establish a market presence with a diversified product line in quantum technologies.
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