ASX Tech Stocks: Indoor Skydive Australia (ASX:IDZ) expands into VR military training, jumps 20%
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Indoor Skydive Australia (ASX:IDZ) is leading the ASX tech stocks today, up 22.22% off the back of news it plans to acquire virtual reality production studio Red Cartel.
In 2019, Red Cartel built the world class VR free roam game for ISA’s FREAK entertainment business, but the main draw card is Red Cartel’s military VR training tool.
It makes sense – considering the military training applications already in place ISA’s indoor skydiving centres and the fact that company was founded by two ex-SAS soldiers.
The military VR training tool which has been developed with current defence requirements in mind and is scheduled for live trials within 6 months of the acquisition.
“The acquisition of Red Cartel unleashes some major opportunities in both the consumer and enterprise markets,” ISA Group ceo Wayne Jones said.
“The ability to custom build content and specific equipment to military grade positions us to engage direct with military and law enforcement units around the world.”
Archer (ASX:AXE) +13.62%
The quantum computing chip technology developer jumped 13.62% today after announcing the grant of a Chinese patent for its 12CQ quantum computing chip – a critical strategic jurisdiction to commercialise its IP.
“Archer’s quantum computing chip IP is now protected in China – the largest market in the world, a major global economy, and powerhouse consumer of mobile technology,” Archer ceo Dr Mohammad Choucair said.
“The grant of a patent in China further protects, validates, and substantially derisks, our unique technology.
“To realise the full commercial benefits of the 12CQ technology globally, Archer’s IP strategy includes patent protection in China.
“This is in line with the key commercialisation activities of the biggest semiconductor chip manufacturers from the US, EU, and Asia.”
Zimi Ltd (ASX:ZMM) +6.25%
Smart home automation services provider Zimi got a nice 6.25% bump today after announcing a $300,000+ device order from new integration partner, Polyaire.
Essentially, by integrating with Zimi’s technology, Polyaire’s customers will be able to control their heating, ventilation, and air conditioning (HVAC) and home appliances through a single system
The company expects to announce further integration collaborations in the future.