Good morning, In this second issue of Archer’s 2021 Newsletter, I want to welcome over 1,000 new shareholders to Archer. I encourage our new shareholders to learn more about Archer and the deep-tech industry we operate in by visiting our website, in the revamped Newsroom section.
IBM’s flagship virtual event, IBM Think Summit AU/NZ, was an inspiring way to start the year. I delivered the Keynote on Quantum Computing and introduced Archer to over 2,000 business leaders, policy advisors, media and industry analysts. Highlights from Think Summit are available to revisit on-demand until 19 March.
It was great news this month with a key achievement reached on the road to building the 12CQ quantum computing chip: we demonstrated electronic transport in a single qubit at room temperature. This is a fundamental requirement for the operation and fabrication of the 12CQ chip.
This achievement required working at the cutting edge of technology – we utilised over $150 million of semiconductor foundry facilities in Sydney, Australia, and some of the most advanced instrumentation in the world to complete our recent validation of the 12CQ technology.
This is why the greatest amount of value creation in the quantum computing economy is currently generated from technology development like that which has been achieved by the Archer team; it is incredibly complex and difficult work, with global impact.
We are building the 12CQ chip for room temperature operation and integration onboard electronic devices. This is a significant commercial advantage over competing chip device proposals, and one that we need to protect through rigorous international patent prosecution to ensure successful commercialisation.
Patent applications to protect our competitive advantage are progressing, most recently in the US, China, South Korea, and Australia, following the first patent being granted in Japan in January this year.
Archer is now a member of the American Chamber of Commerce. This will help Archer grow a strong and supportive network with US companies in Australia and the US that can facilitate Archer’s commercial development.
And as COVID-19 restrictions ease we look forward to re-engaging in-person with shareholders and investors. We are in the process of re-initiating tours of the $150 million world-class semiconductor prototyping foundry in Sydney – the facility we work in to build our chips – and events to meet the growing Archer team.
It’s an exciting year ahead.
Dr Mohammad Choucair, FRACI FRSN GAICD
Chief Executive Officer
Archer Materials Limited (ASX:AXE)