Archer Materials Ltd well-funded to advance development of 12CQ quantum computing and lab-on-a-chip biochip technologies proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.
Archer Materials agrees new quantum computing deal with IBM
Archer Materials Ltd’s (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) CEO Dr Mohammad Choucair speaks to Proactive s Andrew Scott after announcing they ve executed a new quantum computing agreement with International Business Machines Corporation (NYSE:IBM). As part of the new agreement Archer retains membership to the global IBM Quantum Network and the associated IBM Quantum Startup Program.
Quick facts: Archer Materials Ltd
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Archer Materials shares rise after signing quantum computing agreement with IBM
Archer is building a world-first qubit processor technology for quantum computing operation that could potentially operate at room temperature and integrate into modern electronics. Current quantum computing technologies can only operate at low temperatures and are difficult to integrate in modern electronics.
Archer Materials Ltd’s (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) shares are trading about 5% higher intra-day after executing a new quantum computing agreement with International Business Machines Corporation (NYSE:IBM).
As part of the new agreement between Archer and IBM, Archer retains membership to the global IBM Quantum Network and the associated IBM Quantum Startup Program.