Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE”) announced a new quantum computing partnership with International Business Machines Corporation (“IBM”, “NYSE: IBM”), according to a company statement. Under the new agreement, Archer and IBM will continue to work together to advance quantum computing.
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. The new agreement also gives Archer the opportunity to continue the work from a previous agreement (ASX ann. 5 May 2020). Archer is one of the first Australian companies developing quantum computing technology to have joined the invitation-only, IBM Quantum Network.
Archer will continue to have access to IBM’s quantum computing expertise and resources, and open-source Qiskit software and developer tools. IBM will also provide Archer access to the IBM Quantum Computation Center, which includes the most advanced quantum computers commercially available to explore practical end-user applications.
Commenting on Archer’s collaboration with IBM, Archer CEO Mohammad Choucair said, “We are at an early stage in terms of the work that needs to be done with IBM, so we are looking forward to our continued collaboration.”
Choucair added that the partnership’s ultimate aim is to develop the quantum ecosystem and build practical quantum computing.
“When we see what has been achieved in the quantum ecosystem to date, we are determined to actively engage in, and contribute to, the global IBM Quantum Network,” said Choucair. “Archer is making crucial steps towards its goal of enabling practical quantum computing applications, and IBM is helping us get there.”
About Archer’s 12CQ Chip
12CQ is a world-first qubit processor technology that Archer is building for quantum computing operation at room-temperature and integration onboard electronic devices. For more information about Archer’s 12CQ progress, please visit https://archerx.com.au/our-business.
12CQ® is a registered trademark of Archer Materials Limited.
About IBM Quantum
IBM Quantum is an industry-first initiative to build commercial universal quantum systems for business and science applications. For more information about IBM’s quantum computing efforts, please visit https://www.ibm.com/quantum-computing/.
IBM Quantum Network™ is a trademark of International Business Machines Corporation.
About Archer
A materials technology company developing innovative deep tech in quantum computing, biotechnology, and reliable energy. The Company has strong IP, world-class in-house expertise, a unique materials inventory, and access to Tier 1 technology development infrastructure.
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