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Silex Systems (ASX:SLX) begins testing zero-spin silicon prototype

Technology
ASX:SLX      MCAP $1.378B
30 August 2021 15:50 (AEST)
Silex Systems (ASX:SLX) - CEO, Michael Goldsworthy

Source: Silex Systems

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.

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