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Archer Materials highlights strong progress made in FY20

Archer Materials Ltd (ASX:AXE) (OTCMKTS:ARRXF) chief executive officer Mohammad Chouchair speaks to Proactive about the strong progress made in FY20 as it accelerates towards commercialisation of its materials technology.

Choucair said the company’s primary focus had been on the development of its 12CQ chip technology.

Archer ended the year in a ‘healthy’ financial position with more than $8 million in the bank, which Choucair said meant the company could focus on investing in its technology development and building the company’s talented team.

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Price: 0.5 AUD

ASX:AXE
Market: ASX
Market Cap: $112.42 m
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Archer Materials Ltd's (ASX:AXE) (OTCMKTS:ARRXF) CEO Mohammad Choucair tells Proactive that new computational models have been developed which for the first time can accurately predict its CQ qubit behaviour which is necessary for successful chip operation. He adds that it's a validation of...

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