Archer Materials Limited (ASX: AXE) has been granted of the Hong Kong patent associated with Archer’s 12CQ quantum computing chip technology (12CQ chip).
Archer is the only ASX listed company and one of a few players in the world developing qubit processor chip technology in the semiconductor industry. The granting of the Hong Kong patent (Publication No. 1256636) represents a significant early stage milestone in Archer’s development of the 12CQ chip.
The granted patent protects a proposed qubit processor chip that offers a path to realise practical quantum computing.
The Hong Kong patent provides Archer with exclusive and legally enforceable commercial rights to the 12CQ chip invention in Hong Kong. The Commercial Rights add to the protection provided by the patent systems of Europe, the US, China, Japan, South Korea and Australia.
With the grant of the Hong Kong patent, all pending patent applications in the current 12CQ chip portfolio have been granted.
Patent protection gives Archer the right to stop others from manufacturing, using and/or selling the 12CQ chip technology invention and is required for any possible future commercialisation operations in the respective granting jurisdictions.
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,” CEO, Dr Mohammad Choucair, said.
“The patent granting procedure related to the 12CQ chip technology has been an outstanding success. 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.
“Archer is one of few companies with granted patents protecting quantum computing chip technology and one with a unique global competitive advantage.”