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German and Canadian scientists announced on Monday they will establish a centre for research into quantum physics.

The institute will be a joint project between the University of British Columbia and the Max Planck Society and will be housed in B.C.

The announcement in Munich also commits both institutions to undertaking joint research projects and annual exchanges of professors and graduate students.

"The knowledge and discoveries generated from these collaborations will profoundly change the lives of present and future generations," UBC President Stephen Toope said in a release.

The centre, which will be called the Max Planck-UBC Centre for Quantum Materials, is the third such institute the Max Planck Society is involved with outside Germany.

The Max Planck Society for the Advancement of Science is considered the foremost basic research institution in Germany. It is named after the Nobel Prize-winning German physicist who is considered to be the founder of the quantum theory.

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