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Archer Materials CEO talks about importance of moving to Lot Fourteen as it develops 12CQ chip

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Archer Materials Ltd (ASX:AXE) (OTCMKTS:ARRXF) (FRA:38A) CEO Dr Mohammad Choucair has sent a letter to investors outlining the importance of the company’s move to the fledgling innovation precinct Lot Fourteen in Adelaide.

As reported by Proactive, Archer has relocated its head office to the Lot Fourteen innovation precinct in Adelaide, South Australia.

The company, which is hard at work developing its flagship 12CQ chip – a world-first qubit processor technology that will enable quantum computing-powered devices for mobile and data-centric applications – made the move to be closer to quantum computing end users.

Hardware and software partnerships

“Hardware and software firms working together at an early stage of technology development provides a foundation for success in the computing industry and our recent move to Lot Fourteen is a step in that direction, aligning us with quantum computing end users and potential collaborative partners,” Dr Choucair said.

“Lot Fourteen is focusing on the high-growth industries of space, defence and hi-tech, encompassing cybersecurity, artificial intelligence, machine learning and big data.

“All of these high-growth industries could benefit from quantum computing and in some instances require integrated quantum processor hardware to reach their full potential.

“We expect our 12CQ quantum processor chip technology to create entirely new quantum computing powered mobile devices that enable industry-wide innovation, and we are already actively working with global leaders in computing and AI to enable the operation of our 12CQ chip in high impact end-use applications.”

Recent progress

Archer began collaborating with leading AI and machine learning company Max Kelsen in December last year, to develop quantum algorithms relevant to the operation of the 12CQ quantum computing processor.

It is currently working on optimising Quantum Neural Networks, which could be relevant to consumer and enterprise-scale AI technology products.

The company also passed a key technological milestone earlier this year, with electronic transport achieved in a single qubit at room temperature.

Archer also signed a quantum computing agreement with IBM Corporation (NYSE:IBM), progressing the work it has conducted with IBM under a previous agreement.

“There is an immense amount of value to be generated and captured from outperforming modern computing using mobile quantum devices, spanning autonomous tech, cybersecurity, AI and big data, blockchain, space, and finance,” Dr Choucair said.

“We continue to make significant progress in the development of our 12CQ quantum chip, and I look forward to updating you on key technical advances, international patent prosecution, and collaborations with local and international industry members of the deep tech ecosystem.”

Quantum computing summary

Quantum computing aims to utilise quantum mechanical phenomena to power the next generation of computers.

At a basic level, quantum mechanics describes the way nature and matter function at the scale of atoms and subatomic particles, which is fundamentally different from the way they function at the many scales above that size (which is described by classical physics).

Functioning quantum computers remain a matter of theory at this point in time but, should they be successfully developed, it is hypothesised that they could solve computational problems substantially faster than existing computers.

- Daniel Paproth

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/951875/archer-materials-ceo-talks-about-importance-of-moving-to-lot-fourteen-as-it-develops-12cq-chip-951875.html


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