Archer Materials Limited

AXE

AU000000AXE7

Semiconductors

Market Closed - Australian S.E. Other stock markets 02:10:51 2024-07-17 EDT			5-day change	1st Jan Change
0.28 ^AUD	0.00%		-27.27%	-26.32%

07-15	Archer Materials Promotes Engineering Manager to Technology Chief; Shares Fall 19%	MT
07-12	Mohammad Choucair to Step Down as Chief Executive Officer of Archer Materials Limited in January 2025	CI

Archer Materials Limited - Departure of CEO

July 15, 2024 at 05:02 am

Archer Materials Limited ('Archer', the 'Company', 'ASX: AXE'), a semiconductor company advancing the quantum technology and medical diagnostics industries, announces the departure of Dr Mohammad Choucair as Chief Executive Officer ('CEO').

Mohammad will step down from the CEO role in January 2025 to ensure a smooth transition and handover. Mohammad retires from the Company for personal reasons, and the Board wishes Mohammad and his family the best for the future.

'After nearly 7 years with Archer, I am proud of my contribution in transitioning the Company from a mineral explorer to a semiconductor company. The Company is in a good position, and I feel it is the right time to step down as CEO. I want to take this opportunity to thank the Board, management and employees of Archer as well as Archer shareholders for their support over the years,' said Dr Choucair.

'Our transformation from mineral explorer to a semiconductor company focussing on quantum and medical diagnostics advanced technologies has placed Archer in a position of strength, which creates the ideal opportunity to hand over the leadership. The business is now in great shape, the financial performance is strong, and with the 12CQ and biosensor projects, we have built a platform and intellectual property pipeline for sustainable growth for many years to come,' said Dr Choucair.

The Board would like to take this opportunity to acknowledge Mohammad's service to the Company over the last 7 years as both a co-inventor of the quantum and biosensor technologies and his valuable contribution towards the growth and development of Archer. Mohammad oversaw the transition of Archer from a mineral explorer to a semiconductor company and has been essential in developing our quantum and biosensor projects.

Archer Executive Chairman Greg English said, 'Mohammad has left a significant, long-lasting legacy - none more important than the enduring culture of innovation. 'Mohammad was a co-inventor of our advanced technology projects, leading the Company on a stronger future. With the transition to a semiconductor company, Mohammad has led the biggest transformation in the Company's history and has set Archer up for a strong future,' said Mr English. 'On behalf of the Board and all current and former staff, I would like to pay special tribute to Mohammad and thank him for his commitment to Archer. Mohammad has made an outstanding contribution to the Company, and we wish him well in his other ventures', Mr English said.

Contact:

Eric Kuret

Tel: +61 417 311 335

Email: eric.kuret@automicgroup.com.au

Tristan Everett

Tel: +61 403 789 096

Email: tristan.everett@automicgroup.com.au

About Archer

Archer is a technology company that operates within the semiconductor industry. The Company is developing advanced semiconductor devices, including chips relevant to quantum computing and medical diagnostics. Archer utilises its global partnerships to develop these technologies for potential deployment and use across multiple industries. www.archerx.com.au

Latest news about Archer Materials Limited

Archer Materials Promotes Engineering Manager to Technology Chief; Shares Fall 19%	07-15	MT
Mohammad Choucair to Step Down as Chief Executive Officer of Archer Materials Limited in January 2025	07-12	CI
Archer Materials' Biochip gFET Designed on Six-Inch Wafer in Spain; Shares Rise 3%	06-17	MT
Archer Materials Develops Single Chip Integrated Pulsed Electron Spin Resonance Microsystem; Shares Surge 23%	03-24	MT
Archer Materials Limited and Ecole Polytechnique Federale de Lausanne Co-Develop a Single Chip Integrated Pulsed Electron Spin Resonance Microsystem	03-24	CI
Archer Materials Limited(ASX:AXE) dropped from S&P/ASX Emerging Companies Index	03-17	CI
Archer Materials Limited Designs Miniaturised Version of Biochip Biochip Graphene Field Effect Transistor Chip	03-14	CI
Archer Materials Miniaturizes Design of Biochip gFET Chip; Shares Up 5%	03-11	MT
Archer Materials Narrows Fiscal H1 Loss as Share-based Payments Expense Declines	02-15	MT
Archer Materials Limited Reports Earnings Results for the Half Year Ended December 31, 2023	02-15	CI
Archer Materials Secures R&D Tax Rebate for Fiscal Year 2023	11-14	MT
Archer Materials Limited Demonstrates Multiplexing Readout for its Advanced Biochip Graphene Field Effect Transistor Device	11-01	CI
Archer Materials Limited(ASX:AXE) dropped from S&P Global BMI Index	23-09-18	CI
Australian Shares Edge Up as US Inflation Rises, But US Fed Rate Hike Expectations Remain Unchanged	23-09-14	MT
Archer's gFET Biochip Design for Advanced Sensing Receives Validation from Commercial Foundry Partner	23-09-14	MT
Archer Materials Limited Reports Earnings Results for the Full Year Ended June 30, 2023	23-08-24	CI
Archer Materials Limited Further Enhances Biochip gFET Design for Advanced Sensing and Send to Commercial Foundry Partner	23-07-30	CI
Archer Materials Submits Sensor Technology Design for Scalability Verification	23-07-13	MT
Archer Materials Limited Transfers Biochip Graphene Sensor Technology Design to A Commercial Fab to Verify Scalability	23-07-13	CI
Wildfires halt mining operations in Canada	23-06-06	RE
Archer Materials Joins World Economic Forum C4IR Partnership	23-05-22	MT
Archer Materials Limited(ASX:AXE) dropped from S&P/ASX All Ordinaries Index	23-03-20	CI
Archer Materials Limited Provides Shareholders an Update on the Progress of Its 12CQ Chip Development	23-03-15	CI
Archer Materials Limited Achieves Electronic Control of Biochip gFET Sensitivity	23-03-09	CI
Archer Materials Limited Reports Earnings Results for the Half Year Ended December 31, 2022	23-02-24	CI

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Company Profile

Archer Materials Limited is a technology company, which operates within the semiconductor industry. It is engaged in developing advanced semiconductor devices, including chips relevant to quantum computing and medical diagnostics. Its principal activities include technology development, including its quantum computing qubit processor chip (12CQ chip) and lab-on-a-chip biochip technology and utilizing semiconductor technology development infrastructure and facilities, research, and development to support research activities. It focuses on advancing quantum computing and miniaturizing medical labs onto a chip. It designs and integrates materials for operating qubits in quantum technologies and building graphene transistors for enhanced biosensing. Its development spans qubit processors for practical quantum computing technology, and lab-on-a-chip biosensors for integrated bioelectronics. It develops its biochip for digitizing biologically relevant signals like those from viruses.

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Semiconductors

Calendar

2024-09-17 - Q4 2024 Earnings Release (Projected)

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