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ARCHER MATERIALS LIMITED — Capital/Financing Update 2023
Feb 20, 2023
64478_rns_2023-02-20_37318083-e4af-47ab-80a1-561ac439694e.pdf
Capital/Financing Update
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Archer Materials Corporate
Archer Materials Limited (ACN: 123 993 233) Lot Fourteen, Frome Road, Adelaide SA 5000
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ASX Announcement (ASX: AXE )
21 February 2023
Archer receives R&D Tax Incentive
Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE”) is pleased to announce that it has received a A$1,021,471 cash rebate from the Australian Federal Government’s Research and Development Tax Incentive program.
The cash rebate was provided in respect of eligible Research and Development (“R&D”) activities conducted during the year ended 30 June 2022, related to the Company’s[12] CQ chip for quantum electronic devices and ‘lab-on-a-chip’ biochip technology.
About Archer
Archer is a technology company that operates within the semiconductor industry. The Company is developing and commercialising advanced semiconductor devices, including chips relevant to quantum computing and medical diagnostics.
The Board of Archer authorised this For more information about Archer’s activities, announcement to be given to ASX. please visit our: General Enquiries Website: Mr Greg English https://archerx.com.au/ Executive Chairman Twitter: Dr Mohammad Choucair https://twitter.com/archerxau Chief Executive Officer Tel: +61 8 8272 3288 YouTube: https://bit.ly/2UKBBmG Media Enquiries Tel: +61 2 8091 3240 Sign up to our Newsletter: Email: [email protected] http://eepurl.com/dKosXI