Silex Systems (ASX:SLX) - CEO, Michael Goldsworthy
CEO, Michael Goldsworthy
Source: Silex Systems
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Silex Systems (SLX) shares closed today’s session in the green after the company announced it had started operations and initial testing on its Zero-Spin Silicon prototype
  • SLX’s facility is designed to showcase its potential for commercial production of high-purity Zero-Spin Silicon for use in quantum computer processor chips
  • Silex Chief Executive Officer Michael Goldsworthy says the project is on track for production by the end of 2022
  • Silex Systems shares closed today’s session up 8.76 per cent at $1.06

Silex Systems (SLX) shares closed today’s session in the green after the company announced it had started operations and initial testing on its Zero-Spin Silicon prototype.

Silex’s demonstration facility is designed to showcase its potential for commercial production of high-purity Zero-Spin Silicon, which is a material required for processor chips to power silicon quantum computers.

The project is being developed with SLX partners Silicon Quantum Computing and UNSW Sydney.

Silex said facility would be utilised routinely over the coming months to conduct silicon enrichment tests, focussing on process characterisation, optimisation and efficiency improvements.

Silex Chief Executive Officer Michael Goldsworthy said the project is on track for production for the end of 2022.

“We have continued to make very good progress to date, meeting all Project milestones despite the headwinds created by the COVID pandemic,” Dr Goldsworthy said.

“The Project now moves into the next phase of work – undertaking rigorous process measurements with the facility over the coming months, characterising and optimising the process and improving the technology for efficient production of high-purity ZS-Si.”

Silex Systems shares closed today’s session up 8.76 per cent at $1.06.

SLX by the numbers
More From The Market Herald
Gratify (ASX:GTI) - Executive Chairman, Iain Dunstan

" Gratifii (ASX:GTI) sees revenue growth for third consecutive quarter

Loyalty and rewards company Gratifii (ASX:GTI) has seen its revenue growth exceed the forecast for the…
Linius Technologies (ASX:LNU) - Incoming CEO, James Brennan

" Linius Technologies (ASX:LNU) undertakes share placement to support growth plans

Linius Technologies (ASX:LNU) undertakes share placement to support growth plans
Weebit Nano (ASX:WBT) - CEO, Coby Hanoch

" Weebit Nano (ASX:WBT) nearing commercialisation

Weebit Nano (ASX:WBT) says it made significant in-roads towards commercialisation during its December quarter which was…
Delta Drone International (ASX:DLT) - CEO, Christopher Clark

" Delta Drone (ASX:DLT) selling drone safety business

Delta Drone International (ASX:DLT) has signed a deal to sell its drone safety business.