Good morning, in this edition of Archer’s Newsletter, we highlight the official grant of the Hong Kong patent for the 12CQ quantum computing chip technology while noting that Archer finished the fourth quarter in a sound financial position with A$26.4 million cash and no debt to continue its growth and development.
The grant of the 12CQ chip patent in Hong Kong is great news. A patent is evidence of invention and patent protection in major markets is a central element in Archer’s strategy to develop the 12CQ chip.
With the grant of the Hong Kong patent, all the patent applications in the current 12CQ chip portfolio have now been granted, with protection given by the patent systems in the US, China, Japan, South Korea, Europe, and Australia.
The granted patents protect a proposed qubit processor chip that offers a path to realise practical quantum computing. In developing the technology further, the patents give Archer exclusive and legally enforceable commercial rights to the 12CQ chip technology in all the above-mentioned jurisdictions.
Archer is one of few companies with granted patents protecting quantum computing chip technology and one with a unique global competitive advantage.
The patent granting procedure related to the 12CQ chip technology has been an outstanding success, and I look forward to updating you on our exciting progress.
Dr Mohammad Choucair, FRACI FRSN GAICD
Chief Executive Officer
Archer Materials Limited (ASX: AXE)
Designed by Aaron Knight.