Archer Materials Ltd (ARRXF)

[TradingCharts]

Chinese patent granted for 12CQ quantum computing chip
Highlights
• Major commercial milestone reached with the grant of a patent protecting
the 12CQ quantum computing chip in the world’s second largest economy.
• Chinese patent for the 12CQ chip is a significant validation of the
technology’s industrial and technical global competitive advantage.
• China has over 2.6 million patents in force, second only to the US, with
foreign patent applications mostly from the US, making China one of the
biggest innovation economies in the world.
• Archer is the only ASX listed company and one of a few players in the world
developing a qubit processor chip in the quantum computing industry†.
Archer Materials Limited (“Archer”, the “Company”, “ASX: AXE”) is pleased to announce the
granting of a Chinese patent (“CN Patent”) associated with Archer’s 12CQ quantum computing
chip technology (“12CQ chip”).
The CN Patent (Patent No. 4606612) represents a major commercial milestone in Archer’s
development of the 12CQ chip. The grant of the CN Patentis a significant step in the Company’s
efforts to access global markets. Patent protection in China is required for any future
commercial operations in China, while giving Archer access to the world’s second largest
economy to exploit IP rights related to the 12CQ chip.
The CN Patent application successfully underwent substantive examination procedures in
China by the Chinese Patent Office‡
, which has over 2.6 million patents in force§
, second only to
the US (3.1 million), making China one of the biggest innovation economies in the world.
The Company considers China as a critical strategic jurisdiction to protect and commercialise
its IP**. China has the world’s largest population and market size, with over half a billion people
using mobile devices in an economy that is transitioning from a low-cost manufacturer to a
consumer of technology incorporating AI, autonomous systems, and blockchain††.
In the commercialisation of Archer’s 12CQ chip, the Company will look to use existing chip
manufacturing facilities to build the 12CQ chip. Most of the world’s chip manufacturing takes
place in Asia. Archer must have patent protection in the relevant countries if the Company
wants to utilise these chip manufacturing plants in the future.
† IBM Quantum Network: https://www.ibm.com/quantum-computing/network/members/
‡ China National Intellectual Property Administration: https://english.cnipa.gov.cn/
§ World Intellectual Property Indicators 2020: https://www.wipo.int/edocs/pubdocs/en/wipo_pub_941_2020.pdf ** World Economic Forum: https://www.weforum.org/reports/global-technology-governance-report-2021
†† World Economic Forum: China: Dynamic Briefing. Generated for Dr Mohammad Choucair, Archer Materials

https://archerx.com.au/src/uploads/2021/08/20210811_Chinese-patent-granted-for-12CQ-quantum-computing-chip-ASX-Release.pdf