Archer Materials Limited (“Archer”, the “Company”, “ASX:AXE”) is pleased to announce that the Company has executed a new quantum computing agreement with International Business Machines Corporation (“IBM”, “NYSE: IBM”). Archer and IBM will continue to work together on the advancement of 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 progress the work initiated under the 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 Dr 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.”
“When we see what has been achieved in the quantum ecosystem to date, we are determined to actively engaging in, and contributing to, the global IBM Quantum Network.”
“Archer is making crucial steps towards its goal of enabling practical quantum computing
applications, and IBM is helping us get there.”