- Archer Materials (AXE) is advancing it’s Republic of Korea patent application for its 12CQ quantum computing chip technology
- The application has significantly progressed, with the technology now undergoing substantive examination procedures in the Republic of Korea
- Archer materials believes South Korea is the key jurisdiction to protect and commercialise its IP
- According to the World Economic Forum, the country is the highest-ranked economy in the world for information technology use
- On market close, company shares are up 6.94 per cent and is trading for 38.5 cents per share
Archer Materials (AXE) is advancing it’s Republic of Korea patent application for its12CQ quantum computing chip technology.
The patent will protect and commercialise intellectual property (IP) around the computering chip technology.
The KR Application has significantly progressed, with the technology now undergoing substantive examination procedures in the Republic of Korea.
“The next steps involve procedural matters related to formal compliance and
amendments immediately prior to the patent being able to be granted for protection in the Republic of Korea,” the company explained.
Archer believes the Republic of Korea is the key jurisdiction to protect and commercialise its IP.
South Korea is an advanced economy and a major global manufacturer and exporter of semiconductor devices. According to the World Economic Forum, the country is the highest-ranked economy in the world for information technology use.
Archer has patent applications in Australia, Japan, Republic of Korea, Hong Kong, China, Europe and the U.S., which are currently undergoing patent granting procedures.
On market close, company shares are up 6.94 per cent and is trading for 38.5 cents per share.