![]() ![]() Together, the ASX-lister and Unico will use SensOre’s AI-driven technology to create a digital twin of the Earth’s surface, enhancing the way exploration companies identify and analyse mineral exploration targets.Īlso, the company initiated two key partnerships that will see the hunt for energy, base and precious metals across Western and South Australia. SensOre Ltd (ASX:S3N) has been keeping busy since its ASX debut in the March quarter, backed by a $7.5 million IPO, the company has been advancing its AI-driven mining technologyĭuring the period, the company teamed up with Unico, a dedicated arm of global IT and business consulting firm CGI, to further commercialise SensOre’s mining exploration technology platform. Moving forward, Archer is expanding its quantum chip technology patent protection in the US, China, South Korea and Japan, with a European patent grant providing protection in a further 12 countries including the UK, France and Germany. Archer MaterialsĪrcher Materials Ltd (ASX:AXE, OTC:ARRXF) is well funded with about $28.3 million in cash at the end of the March quarter, taking its 12CQ quantum chip technology to new heights.ĭuring the period, a major technical feat was achieved in its 12CQ quantum chip development that supports the possibility of the technology to enable quantum powered mobile devices. The licensing revenue growth was highlighted by an ARR of $2.1 million which was a 50% increase from the PCP and was supported by the recognition of a one-time licensing fee through a partner opportunity.ĪrchTIS financial highlights. The record-breaking licensing revenue delivered a 78.5% gross margin another historical high for the company. The IBM agreements allow the company to further develop the virtual plant as a digital twin user interface for their market-leading Maximo Enterprise Asset Management (EAM) package.įurthermore, the SAP agreements will develop virtual plant as part of the SAP Ecosystem, integrations that enable SAP and their clients to utilise virtual plant as a navigation tool for SAP v4 Hanna Enterprise Resource Planning (ERP) and EAM systems.ĪrchTIS Ltd revealed strong financial gains during the March quarter, delivering the highest quarterly licensing revenue to date of $783,000, up 92% from the previous corresponding period (PCP). REM hit the boards in November 2021 after completing a strongly supported $5 million IPO, with the funding runway earmarked to help grow the company’s virtual plant digital twinning product. #NEWSFLOW SUBSCRIPTIONS FULL#RemSense Technologies Ltd (ASX:REM) has had a busy first full quarter on the ASX, finalising agreements with technology giants IBM and SAP who dominate the global enterprise asset management market. Looking ahead, CV1 remains on target to release a mobile credential passport in the December quarter, with government accredited digital identity before the end of the year.ĬV Check’s financial highlights. #NEWSFLOW SUBSCRIPTIONS VERIFICATION#The binding SaaS agreement is for the provision of real‐time compliance monitoring via its core product Cited, including identity verification that is expected to be worth more than $350,000 per annum. ![]() Promisingly, investors are relatively neutral on the industry at the moment, indicating that they anticipate long term growth rates to remain steady.ĪSX Sector trends for the last three months 10 stocks that have produced strong newsflow CV CheckĬV Check Ltd (ASX:CV1) continues to deliver strong quarterly figures, with revenues totalling $6.9 million in the March quarter, up 64% from the previous corresponding period in 2021.ĭuring the period, the company entered into a binding Software‐as‐a‐Service (SaaS) agreement with Hireup Pty Ltd, Australia’s largest national disability insurance scheme (NDIS) registered online platform. Instead, the S&P All Technology Index started the year up at 2,984 and slipped down to 2,536 by the quarter’s end, eventually booking a 15% loss. Whilst ASX benchmarks like the S&P/ASX 200 Index have snapped back towards the end of the March quarter, the tech indices have failed to show any significant movements. It’s hard to ignore that the tech stocks are having a hard time lately not only on the ASX but on the global indices. ![]()
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