- Archer Materials (AXE) receives a Hong Kong patent for its 12CQ quantum computing chip technology
- The new patent protects Archer’s proposed qubit processor chip that offers a path to realise practical quantum computing
- The new patent provides Archer with exclusive and legally enforceable commercial rights to the 12CQ chip invention in Hong Kong, adding to its patents across Australia, the US, China, South Korea and Japan
- To date, Archer remains the only ASX listed company to develop qubit processor technology
- Archer Materials last traded at 84 cents on August 11
Archer Materials (AXE) has been granted a Hong Kong patent for its 12CQ quantum computing chip technology.
Archer said the new Hong Kong patent protects its proposed qubit processor chip that offers a path to “realise practical quantum computing”, representing a significant milestone in Archer’s technology development.
The chip uses qubit processor technology that presents the possibility of a quantum computing powered mobile devices. The technology comprises a carbon nanosphere adapted to store a qubit.
The patent protection gives Archer the right to stop others from manufacturing, using or selling the 12CQ chip technology invention.
The new patent provides Archer with exclusive and legally enforceable commercial rights to the 12CQ chip invention in Hong Kong, adding to its collection of patents in Australia, the US, China, South Korea and Japan.
Archer CEO Dr Mohammad Choucair said the grant of the patent in Hong Kong is great news.
“With the grant of the Hong Kong patent, all the patent applications in the current 12CQ chip portfolio have now been granted,” Dr Choucair said.
“Archer is one of few companies with granted patents protecting quantum computing chip technology and one with a unique global competitive advantage.”
To date, Archer remains the only ASX listed company to develop qubit processor technology.
Archer Materials last traded at 84 cents on August 11.