Ann: Quantum partnership with leading AI firm Max Kelsen, page-3

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ASX Announcement (ASX: AXE) 9 December 2020
Quantum collaboration with leading AI firm Max Kelsen
Highlights
• Archer and Max Kelsen will develop quantum algorithms relevant to the
operation of the 12CQ quantum computing processor (“chip”).
• The Australian companies are members of the IBM Q Network†, and will use
IBM’s Qiskit and quantum computers for testing and validation.
• The collaboration is a key step in the commercialisation of the 12CQ chip,
and aims to validate chip end-uses and high-value practical applications.
• Quantum computing outcomes from the collaboration will target multiple
sectors, including ICT and financial services‡.
Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE”) is pleased to announce that it
has entered into a collaboration with a leading Artificial Intelligence and Machine Learning
company, Max Kelsen (“the Collaboration”). Archer and Max Kelsen are members of the global
IBM Q Network†
.
The collaboration is a critical step in the commercialisation of the 12CQ chip because the
principal purpose of building quantum computing processors is to apply and run quantum
algorithms to generate value from outperforming modern computing.
Commenting on the collaboration, Archer CEO Dr Mohammad Choucair said: “As part of
Archer’s forward looking strategy, the partnership with Max Kelsen – a leading AI and Quantum
Computing firm – is a key step forward in the commercialisation of our 12CQ chip technology.
“It’s a great example of how two Australian IBM Q Network Members are working together to
realise the commercial potential of quantum computing.
“We will use IBM’s Qiskit and quantum machines to validate our work, and once validated,
Archer intends to apply the end-user cases, algorithms and Qiskitto 12CQ chip hardware, which
demonstrates the increasing value our partnerships bring as we progress in our development.”
As IBM Q Network members, Archer and Max Kelsen will use IBM’s Qiskit open source
programming framework and cloud-based quantum computers to implement novel quantum
algorithms developed that validate practical quantum computing applications relevant to
Archer’s 12CQ chip technology, i.e. real uses that would benefit from quantum processors
onboard technology at room temperature.
† https://www.nature.com/articles/s42254-020-00247-5; also https://www.ibm.com/quantumcomputing/network/members/
‡ https://www.bcg.com/en-au/publications/2020/how-financial-institutions-can-utilize-quantum-computing
Advanced Materials Archer Materials Limited (ACN: 123 993 233)
12CQ Ground Floor, 28 Greenhill Road, SA 5034
As part of the Collaboration, Archer staff will work directly with the quantum computing team
at Max Kelsen to develop industrially relevant business use-cases of the 12CQ technology for a
number of sectors with the potential for high-value add, including finance‡ and
telecommunications§
. This will involve the use of quantum processors to run quantum
algorithms that have real applications such as Quantum Artificial Neural Networks.
About 12CQ
12CQ is a world-first quantum processor technology that Archer aims to build for quantum
computing operation at room-temperature and integration onboard modern electronic devices.
For more information, please view Archer’s a recent webinar held with IBM.
About Max Kelsen
Founded in Brisbane in 2015, Max Kelsen is a globally leading Artificial Intelligence (AI) and
Machine Learning (ML) software business. Max Kelsen enables innovation directly linked to the
generation of business value and competitive advantage, including for Fortune 500 companies
and some of Australia’s most iconic brands. Max Kelsen’s solutions are at the heart of workflow
automation and value extraction from data, providing extremely accurate predictive modelling
in critical systems like clinical decision making. Max Kelsen is also dedicated to reinvesting its
expertise and profits to solve the challenges of humankind, focusing on Cancer Genomics, AI
Safety, and Quantum Computing. Max Kelsen was the Amazon Web Services (AWS) Partner of
the Year in 2020 for Data and AI