Ann: Agreement signed with foundry to manufacture TMR sensors, page-39

The AXE board has done some work to bring shorter term traction to the 12CQ nano-scale team's work. Over the past 2 years I wrote here about the electron spin that the company works with. The spintronics of the AXE carbon electron has been R&D'd to define what the definite up and down spin states are. Continuous work to improve the time the electron stays in up/down states. Measuring intermediate states between up and down. A lot of tedious but necessary measuring with resonance set ups. Up until now the focus was on the spin property. But when talking about sensors and TMR ones there's the possibility of also using the charge property of the electron.

It's a very logical step to leverage years of accumulated knowledge of the quantum mechanical behaviour of these electrons to make some super sensitive sensors (yeah, sounds lame, best I can do). If they can control the single electron tunnelling effects, and looks like they're confident, then it has value. Added to this, there are significant improvements that can be brought to sensing if and when AXE can entangle 2 electrons reliably. Electron 1 can carry 43% (for example) of some data, which is only complete with the other 57% from electron 2. This has security use cases, safety use cases. It can also amplify the tiniest readings into a more reliable, confirmed data point. Possibilities are endless even in the sensor game. Many use cases are well established, so it is a safe business, and it also offers plenty of runway to bring quantum advantage and add value. So sensor companies will be interested.

Wonder whether this path was in the works for a while now. When I was saying last year, I could only find sensors as the only viable business model for quantum, I knew Mo was meaning sensing with those precious qubits he had on that chip that he was waving about. But alas, it never went beyond that video. At least , we were led to believe there was a very long road ahead that involved lobbying governments, formulating global supply chains, policies from WEF , 4th industrial revolution ...and didn't we find all that a bit meh. So, well done to management for getting back on track and making the decisions. It is nice to be able to have shorter time horizons. Probably a must for an ASX listed tech company and am sure we all welcome it. We should see a lot more interest with trading and shorter term investment as well.

Happy deep tech trading/investing people! DYOR