Silex Systems (ASX:SLX) - CEO, Michael Goldsworthy
CEO, Michael Goldsworthy
Source: Silex Systems
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • 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 Online
Gravy concept

Ovanti inks deal with California’s Gr4vy Payments for BNPL app Flote

Ovanti Ltd has furthered its soon-to-start working relationship network for its BNPL app Flote by inking…
Concert crowd

Ovanti Ltd signs up US-based Ticketing Co as partner for BNPL app Flote

Ovanti Ltd (ASX:OVT) has knocked a second deal out of the park in Week 50 of the year, signing
AI concept

4DS Memory leaves investors wanting more as vague pivot into AI remains only real plan

4DS Memory (ASX:4DS) has left its Australian investors wanting more when it comes to the findings of a recently
Interior of a fridge. Who's actually looks like that? Definitely not mine

Nanoveu teams up with Nasdaq-lister to put EMASS chips in… fridges?

Nanoveu has seen shares rise humbly on Tuesday after the company flagged that it's teamed up…