AXE Quantum Computing + ITech IPO
Fundamentals:
Market Cap: $454Mill
Fully Paid Ord. Shares $227.7Mill
Price $2.00
Cash: Operating cash flow / Total tangible assets: zero%
Total liabilities / Total tangible assets: Ok buoyant at 0.025
Net Debt / equity: -37%
Total available funding 30th June 2021: $6,239Mill
Estimated quarters of funding available : 9.9 Quarters = 6,239 / 631
Note: no Dividend paid so no Gordon Analysis here.
https://archerx.com.au/our-business
How
Location: Offices Adelaide, Sydney
The board: Dr Mohammad Choucair
Chief Executive Officer
Bio
Dr Choucair was the first person in the world to directly synthesise graphene (the thinnest material known) in gram-scale quantities as a bulk powder - now a common goal amongst researchers. Subsequently, the work was identified by the Royal Society of Chemistry as one of the biggest chemical breakthroughs of 2008, and in 2011 Dr Choucair received the coveted Cornforth Medal from the Royal Australian Chemical Institute. Dr Choucair is currently developing a nanoscale device as part of a quantum computer that could be capable of indirectly addressing problems associated to human health and the environment. He invented the carbon material that formed the basis of the device. Dr Choucair has also been actively involved in the enhancement of lithium ion battery storage devices and demonstrated some of the first examples of graphene application in batteries. In addition, Dr Choucair has synthesised a novel class of metal-decorated fullerenes ('fullerides') that were capable of reversible hydrogen storage with potential applications in hydrogen fuel cells and industrial catalysis. Dr Choucair was recognised by Virgin Australia as one of the Top Australian Stars of 2016, honouring people from diverse fields who showed excellence, dedication, ambition and community-mindedness in offering new perspectives on seemingly intractable problems. Dr Choucair is currently serving a 2-year mandate as Councillor on the World Economic Forum's Global Future Council for Advanced Materials. Dr Choucair is now involved with the Council in drafting aspects related to Advanced Materials in The Global Risks Report.
Mr Gregory David English: Executive Director,Executive Chairman (Since 2015)
Bio:
Mr English has more than 25 years of engineering and legal experience and has held roles for Australian and multinational companies. Greg is an company director and also serves on the boards of other ASX listed companies. He is a memberof the Risk Management Committee.
Other current directorships
Non-Executive Chairman,Non-Executive Director CXO Core Lithium Ltd
Gregs Current holding : 18Mill shares
WHY THIS idea?
Quantum computing represents the next generation of powerful computing. A qubit processor is the most crucial hardware component of a quantum computer.
Archer is developing a qubit processor chip, that could potentially operate at room temperature and integrate into modern electronics.
Current quantum computing technologies are limited in ownership and use because they use qubit processors that can only operate at low temperatures and/or are difficult to integrate in modern electronics.
The successful development of Archer’s 12CQ room-temperature qubit processor chip could potentially provide a breakthrough solution to the widespread use and ownership of quantum computing powered technology, owing to the unique materials properties of the 12CQ chip.
The 12CQ qubit processor chip is being built by the Archer team in Sydney, Australia, in a world-class semiconductor foundry with an ISO Class 5 Level cleanroom housing state-of-art nanofabrication instrumentation. The work is led by Archer CEO and 12CQ inventor Dr Mohammad Choucair, and Archer’s Quantum Technology Manager Dr Martin Fuechsle, the inventor of the single-atom transistor. The 12CQ chip is based on work published in the prestigious journal Nature Communications, and patent application filed in Australasia, the EU, and US.
WHY NOW?
Australia has a critical mass of expertise in quantum computing and is at the forefront of the industry. There are currently very few publicly listed companies that offer exposure to financial returns from quantum computing technology.
The quantum computing industry forms a niche but quickly growing part of the global half-a-trillion-dollar semiconductor industry, which generates the highest value in investment returns through the step-change development of technology and underlying intellectual property.
Successful commercialisation of Archer’s 12CQ qubit processor chip technology could catalyse the global quantum computing industry by servicing existing and emerging consumer markets reliant on increased computational power like artificial intelligence (AI) and blockchain technologies like digital currencies.
KEY MILESTONES WE AIM TO ACHIEVE
Our strategy is to develop a qubit processor chip that can be directly sold and the intellectual property rights to the chip technology sublicensed by:
De-risking the technology by building a room-temperature operational qubit processor chip prototype. Development involves assembling and testing chip components by applying a deep understanding of nanotechnology, materials chemistry, and quantum physics.
Establishing partnerships with highly resourced organisations in the semiconductor industry. Commercial development involves prosecuting patent applications in Australasia, Europe and the US, to provide the commercial freedom to operate in these markets.
Peers :
Best Quantum Computing Stocks To Buy [Or Sell] Now
Ref: https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/quantum-computing-stocks/
Why Invest?
Quantum computers are continually improving and becoming more affordable to develop, and the advent of cloud computing is making quantum technology even more accessible for researchers and software developers. Computing power needs are ballooning as the digital economy expands, with spending on global cloud computing alone predicted to rise to $1 trillion annually within the next decade. Quantum computing could emerge as a key technology in the years ahead
When
2021 is likely to be a year where quantum computer system sizes and capabilities grow, and more and more offerings shift to cloud-based ‘Quantum as a Service’ delivery,” Biercuk said.
“It will place us well into industry roadmaps towards 1000 qubit machines, meaning we’ll see some very impressive hardware performance metrics being reported.
“We’ll also likely be a bit overwhelmed by continuing claims and counterclaims of performance from different manufacturers – all of that will work out in the wash as applications continue to emerge.
“There’s more than enough space in the community for multiple hardware providers, especially as system architectures and software stacks remain an active area of R&D.”.
Ref: https://stockhead.com.au/tech/heres-why-quantum-computing-in-australia-is-set-for-a-breakout-year-in-2021/
ITech IPO : For eligible holders.
https://www.itechminerals.com.au/projects-and-commodities
Declare: in the portfolios RL, SM
