Archer Materials signs agreement with MDT for TMR sensor manufacturing

Archer Materials Limited (ASX:AXE) has signed an agreement with MultiDimension Technology (MDT) to develop tunnel magnetoresistance (TMR) sensors for commercial use in industrial applications. The TMR sensors, leveraging quantum phenomena, are part of the 12CQ project and are expected to provide revenue opportunities while the company continues its quantum development.

Executive Commentary on TMR Sensor Development

Archer's competitive edge in the TMR sensor market is rooted in its deep quantum expertise. Unlike traditional sensor manufacturers, Archer will harness the progress made in our Superscript(2)CQ project to develop TMR sensors from a quantum-first perspective, allowing it to innovate faster and develop more efficient, cutting-edge products. At Archer, we are building a company that will lead the future of quantum technology, and developing TMR sensors is a critical step in that journey. The TMR sensors provide an opportunity to apply quantum mechanics to create value, while Archer prepares the groundwork for breakthroughs in the rest of its 12CQ project.

Summary of Archer's TMR Sensor Agreement

Archer Materials Limited (ASX:AXE) has entered an agreement with MultiDimension Technology (MDT) to manufacture quantum-based TMR sensors for potential commercial use in industrial applications, as part of the 12CQ project. The TMR sensors, leveraging quantum phenomena, are expected to provide revenue opportunities in the next one to two years while the company maintains its focus on long-term quantum computing development. The global TMR sensor market is projected to grow at a compound annual growth rate (CAGR) of 8 - 11% over the next five years, indicating significant potential for the company's venture into TMR sensor manufacturing.