[PRESS RELEASE] Scientific Magnetics makes 20th quantum computing magnet shipment
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Quick summary: This article is a press release announcing Scientific Magnetics milestone 20th quantum computing magnet shipment.
Scientific Magnetics Makes 20th Quantum Computing Magnet Shipment
An Oxfordshire-based developer and manufacturer of advanced superconducting and resistive magnet systems has today shipped its 20th superconducting magnet for quantum computing applications.
Scientific Magnetics (SciMag) has over 30 years’ expertise in environmental factors that directly affect qubit noise performance, positioning the Abingdon-based company as key partner for qubit magnet technologies, from design and manufacture to site qualification.
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 landmark delivery comes hot on the heels of Chancellor Rachel Reeves’ announcement of plans to make the UK the first country in the world to roll out quantum computers at scale.
In her Mais lecture on 17 March, the Chancellor confirmed £2.5 billion investment in the UK’s AI and quantum technologies industries, designed to ensure British companies can scale and succeed while remaining in the country. The quantum computing industry is expected to create more than 100,000 UK jobs over the next two decades, generating £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.”
The quantum computing sector is widely recognised as one of the most significant technological frontiers of the coming decade. Quantum computers use the principles of quantum mechanics to process information faster than conventional computers, enabling them to solve problems too complex or large for even the most powerful classical computers. Several leading technology companies, research institutions and startups already possess operational quantum computers, with commercial-scale systems expected to require multiple precision magnet systems per installation.
As well as quantum computing, SciMag develops and manufactures advanced superconducting and resistive magnet systems for customers in MRI, scientific research, and medical physics. The company is part of the Magnetica Group, majority owned by AIM-listed Avingtrans PLC.
ENDS
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