Insider Brief
Archer Materials signed a three-year Quantum Compute Agreement with IonQ to access IonQ’s cloud platform and explore deploying a sovereign quantum computer in Australia.
The collaboration will support quantum algorithm development and customer applications across sectors including defence, artificial intelligence, mining, healthcare and scientific research.
Archer will pay IonQ US$1.5 million over the initial term for access to IonQ Forte-class systems, future Tempo-class systems, simulators and advisory services.
PRESS RELEASE — Archer Materials Limited (ASX: AXE), an Australian quantum technology company, has signed a strategic Quantum Compute Agreement with IonQ, Inc. (NYSE: IONQ), the world’s leading quantum computing company, in a deal that could pave the way for Australia’s first sovereign quantum computer.
