Good afternoon, There has been a lot of media coverage in the quantum computing space recently. This is entirely expected, as the development and commercialisation of quantum computing technology represents a paradigm shift in computing and its successful roll-out could potentially impact every sector dependent on computational power.
It is important to dispel some quantum computing myths and provide our shareholders with informative resources because the quantum computing economy and industry centres around very complex technology.
Quantum computing development globally, despite the amazing progress made by an increasing number of ecosystem participants, including Archer, is still in its early stages of development and commercialisation.
I recommend you read the BCG report and the article in The Economist, because there are a number of proposals for the development of quantum computation, and each face their own deep-tech challenges. Fundamentally, these challenges arise from the underlying qubit system and related materials technology.
At Archer, we are building a qubit processor, a qubit chip, called 12CQ. When successful, our 12CQ chip could allow for quantum computing powered mobile devices because Archer’s qubit [material] has the proven capability of operating at room-temperature and easy integration with electronic devices.
Archer maintains this global competitive advantage which is very difficult to erode and is protected by an international portfolio of patent applications undergoing the highest levels of international scrutiny.
You can find more information on the patent applications here, and we encourage you to read the patent specifications to better understand the broad scale of our global competitive advantage. Recently, the first patent related to the 12CQ technology was granted in Japan, a global powerhouse in technology.
In 2016, I published a peer-reviewed paper in one of the most prestigious journals in the world, which remains timely (that you can access free here) and includes an introduction to various quantum computing proposals.
The paper also includes detailed and comprehensive scientific and technical information on our own unique qubit system that accounts for our claims of advantages over ‘competing’ qubit systems. I encourage you to read this paper to better understand the global scale of opportunity Archer’s 12CQ chip development represents.
Our view and approach is that of steady progress, with full verification and validation as we advance and reach high-value technological milestones on our road to commercialisation, which requires full transparency in the field of quantum computing.
Sometimes Archer’s approach contrasts to some of the reports we have seen and come across; reports that leave crucial information out on the technological constraints specific to that system and/or minimise the immense challenges that are required for a useful quantum computer to be commercialised.
We understand that quantum computing is very difficult to achieve. However, we are building the 12CQ chip, and working with the very best in the world as a member of the global IBM Q Network to demonstrate it works.
Dr Mohammad Choucair, FRACI FRSN GAICD
Chief Executive Officer
Archer Materials Limited (ASX:AXE)