AXE 6.25% 30.0¢ archer materials limited

Ann: First patent granted for 12CQ quantum computing chip, page-3

  1. 3,548 Posts.
    lightbulb Created with Sketch. 152
    I thought it may have been the sensor patent, but this will do for now.
    Cheers
    Dabru
    ---------------------
    Copy of the announcement:-

    First patent granted for 12CQ quantum computing chip
    Highlights
    • Japanese patent granted for Archer’s 12CQ quantum computing qubit
    processor (“chip”).
    • Major commercial milestone achieved with the grant of a patent protecting
    the 12CQ chip technology in a Top 5 global economy.
    • Archer is one of few key players† developing a qubit processor chip in the
    emerging multibillion-dollar quantum computing industry‡.
    Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE”) is pleased to announce the
    granting of a Japanese patent (“JP Patent”) associated to Archer’s 12CQ quantum computing
    chip technology (“12CQ chip”).
    The JP Patent (Patent No. 6809670) is the first granted patent protecting the 12CQ chip. The
    grant of the JP Patent represents a significant commercial milestone in Archer’s development
    of the 12CQ chip. The grant of the JP Patent gives Archer access to the high-value Japanese
    market for the 12CQ chip and is the first step in the Company’s efforts to access global markets.
    The JP Patent application successfully underwent substantive examination procedures in Japan
    by the Japan Patent Office§
    , which is one of the world’s largest patent offices.
    The success in the grant of the JP patent streamlines the patent granting process and
    procedures for the additional six international patent applications in the jurisdictions of
    Australia, South Korea, Hong Kong, China, Europe, and the US (ASX ann. 6 Oct 2020).
    The Company considers Japan as a critical strategic jurisdiction to protect and commercialise
    its IP. Japan is a major global economy** and according to the World Economic Forum, ranks
    amongst the top 5 economies in the world for global competitiveness and GDP.
    Commenting on the grant of the Japanese patent, Archer CEO Dr Mohammad Choucair said:
    “Archer’s quantum computing chip IP is now well protected in Japan – a major global economy
    and centre for technological innovation. The grant of a patent in Japan further validates, and
    substantially derisks, our unique technology.
    “Archer is one of very few companies in the world with a patent portfolio protecting quantum
    computing qubit processor technology, and this is strategically significant as we rapidly progress
    in commercialising the 12CQ chip.”
    † https://www.nature.com/articles/s42254-020-00247-5; also https://www.ibm.com/quantumcomputing/network/members/
    ‡ https://www.bcg.com/en-au/publications/2020/how-financial-institutions-can-utilize-quantum-computing
    § https://www.jpo.go.jp/e/system/patent/gaiyo/patent.html
    ** http://reports.weforum.org/global-competitiveness-report-2018/country-economy-profiles/#economy=JPN
    Quantum Technology Archer Materials Limited (ACN: 123 993 233)
    12CQ Ground Floor, 28 Greenhill Road, SA 5034
    About 12CQ
    12CQ is a world-first qubit processor chip technology that Archer aims to build for quantum
    computing operation at room-temperature and integration onboard modern electronic devices.
    For more information, please view Archer’s webinar with IBM.
 
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