The conditions for Archer to acquire the IP exclusively included...

The conditions for Archer to acquire the IP exclusively included technical development milestones.

The timeline provided was 12 months. I guess from now given they have kicked it off and have the staff/facilities.


From the original announcement:

Next Steps:As part of the Agreement, Archer has developed a commercialisation plan (Commercialisation Plan). Over the next 12 months, Archer will exploit the Licensed IP materially in accordance with the Commercialisation Plan. The Commercialisation Plan includes a number of interdependent technical and commercial development milestones in each financial year quarter. Archer is in the process of hiring key personnel to manage the technical development (building the quantum computing processing chip) of the Commercialisation Plan.The University is responsible for prosecuting and maintaining registration of the patents related to the Licenced IP. The prosecution of the patents in various countries and regions will allow Archer the commercial freedom to operate and market entry to the US, Europe and Australasia. To expedite commercial milestones Archer intends to partner and collaborate with infrastructure providers, software developers, manufacturers, and distributors in the semiconductor industry.