Third Quarter Activities Report and Appendix 4C For the three months ending 31 March 2023
Significant Activities
• The Company is well capitalised with approximately $24.4 million cash and no debt.
• 12CQ chip development advances to wafer-scale quantum electronic device fabrication using foundry-compatible UV optical and E-beam lithography
. • Hundreds of quantum electronic devices and qubit materials prepared for testing, measurement, integration, and optimisation towards qubit control and readout.
• Engagement with tier-one semiconductor companies, including TSMC, to secure future manufacturing capabilities and support technology development.
• Biochip technology milestone achieved, overcoming a conventional limitation of gFET sensing that paves the way to the selective detection of target molecules
. • The Company is actively and regularly pursuing exposure to international global semiconductor industry participants.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02656556-2A1444717?access_token=83ff96335c2d45a094df02a206a39ff4
Don't Personally feel like $24 Million is a lot of money in this sector.
Nice to see us working with market leaders TSMC
Disc Hold IRL & SM