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Tech
Here are the biggest tech players in early trade, Thursday October 14.
Ad fraud prevention software player Adveritas jumped 9.52% today after its TrafficGuard SaS product was officially accepted and integrated into the Google Cloud Marketplace.
The Marketplace lets users quickly deploy functional software packages that run on Google Cloud Platform, and Adveritas CEO and co-founder Mat Ratty says the company expects the integration to further accelerate its annualised revenue growth rate.
“There are important benefits for companies to sign on with TrafficGuard through the Google Cloud Marketplace, as TrafficGuard spend forms part of their committed monthly Google Cloud spend,” he said.
“In some cases, if the customers committed monthly spend with Google Cloud is below their actual usage, they can adopt TrafficGuard and put the TrafficGuard fee towards their minimum monthly spend.”
“Adding channel sales like the Marketplace to complement our direct sales force was the next logical step for Adveritas. With recent annualised revenue up over 50% since 30 June 2021 and a record trial pipeline, we look forward to scaling further with the assistance of the Google Cloud Marketplace.”
After a chopping run in the last few weeks, Archer’s share price jumped a tidy 9.1% today off the back off a progress report for the company’s quantum computing chip technology.
For the first time, AXE has validated that the qubits’ quantum coherence properties are preserved under an inert atmosphere, the company said.
To put this in context, quantum coherence is the fundamental requirement for quantum logic operations that are the basis of any quantum computing qubit processor hardware.
It’s a big deal for Archer to validate qubit robustness at room temperature and under atmospheric environments other than that of air or vacuum – because this directly transfers to potential integration and use of qubit materials in practical chip devices.
Plus, it demonstrates the company has an advantage over competing room-temperature qubit proposals that rely on high vacuum environments, such as ion-traps, that are difficult to integrate onboard mobile devices.
“The step-change optimisation that was achieved validates the robustness of the qubit for control measurements and operation that could be compatible with device miniaturisation and, in general, preserving qubit coherence when integrating with semiconductor devices,” Archer CEO Dr Mohammad Choucair said.
Silex rose 4.9% today, after chairman Craig Roy detailed the company’s high hopes for the nuclear sector – and its position in the global uranium and nuclear fuel industry through the purchase of a 51% equity interest in Global Laser Enrichment (GLE) alongside joint venture partner, global uranium and nuclear fuel supplier Cameco Corporation.
“Since closing the transaction, we have moved quickly with our partner, Cameco on progressing GLE’s commercialisation strategy which is underpinned by the agreement between GLE and the US Department of Energy for the proposed Paducah, Kentucky uranium production project,” Roy said.
“This large, multi-decade project could enable the SILEX technology to become the ‘go to’ technology for the production of nuclear fuel for today’s conventional nuclear power reactors and for the next generation Small Modular Reactors currently under development around the world.”
The company reckons its well-placed for the what it believes to be “the start of the revival of nuclear power in a carbon constrained world that is increasingly dependent on reliable baseload power.”
“With the GLE acquisition now complete, we are focused on supporting the ramping-up of the GLE joint venture under its new leadership team and pushing ahead with the SILEX technology commercialisation program,” Roy said.
Harvest Technology has struck a reseller agreement with global satellite provider Speedcast – which delivers communications services to the maritime, energy, mining, media, telecommunication, cruise, NGO, government, and enterprise sectors via its Unified Global Network Platform.
The company’s share price rose 1.3% and Harvest Group managing director Paul Guilfoyle said the agreement will play an integral part in Harvest’s strategy to expand into new markets and grow its ecosystem.
“This agreement is a significant endorsement of the quality of Harvest’s Network Optimised Livestreaming solution and an important step in our expansion strategy,” he said.
“We are looking forward to enhancing Speedcast’s capacity to deliver new innovative solutions to their customers.”
“The combination of our ultra-low bandwidth technology and Speedcast’s impressive network will bolster its global network platform providing fully connected systems that transform remote operations.”
DUG Technology chairman’s Wayne Martin addressed the AGM today detailing the company’s high-performance computing as a service business line (HPC) has achieved third party revenue growth of 145% – and the share price rose slightly 0.6%.
“Having now executed many contracts in Australia we are ready to leverage our global footprint and expand this business internationally,” he said.
“There will continue to be an increasing demand for HPC-enabled big-data solutions and our reliable, green technology and tailored software and HPC support are proving to be important differentiators in this market.”
Martin said the balance between economic and environmental sustainability is now front and centre in the HPC business.
“Our company’s green credentials are well established with our patented DUG Cool immersion technology which reduces power consumption by up to 51% and uses 85% less synthetic refrigerants,” he said.
“We have recently unveiled our plans to build the world’s first climate- positive HPC campus powered by renewable energy in Geraldton – ultimately to be one of the largest and greenest HPC installations in the world.”
“The campus is to be powered by solar and wind and we are also investigating the use of a novel hydrogen energy storage system.”
“We expect our research on low-cost solutions for hydrogen electrolysis could also have far-reaching implications for both commercial and household applications.”
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