Avingtrans plc (AIM:AVG) (AVG) said its Oxfordshire-based subsidiary Scientific Magnetics Ltd has shipped its 20th superconducting magnet designed for quantum computing applications.
The filing noted Scientific Magnetics (SciMag) brings "over 30 years' expertise in environmental factors that directly affect qubit noise performance" and is part of the Magnetica Group, majority owned by Avingtrans plc; the business also supplies advanced superconducting and resistive magnet systems for MRI, scientific research and medical physics.
Clint Gouveia, managing director of SciMag, said: "Delivering our 20th superconducting magnet for quantum computing applications is a significant achievement for our team, who are working at the leading edge of the quantum computing revolution. With a further 18 systems in production and a strong forward order book, we are developing a promising position as a key supplier of the precision magnet systems needed to produce future quantum computers at scale."
The filing also referenced Chancellor Rachel Reeves' Mais lecture on 17 March, which set out plans including a £2.5 billion investment in the UK's AI and quantum technologies industries and said the quantum sector is expected to create more than 100,000 UK jobs over the next two decades and generate £212 billion of economic impact.
Stuart Gall, CEO of Avingtrans PLC Medical and Industrial Imaging Division, added: "This delivery is a significant landmark for SciMag. With its combination of superconducting magnet technology and deep environmental expertise, the company is positioned right at the heart of this new technology, supplying essential components that underpin the qubit architecture needed to scale the industry at large."
