Total
0
Shares
Archer Materials (ASX:AXE) - CEO, Mohammad Choucair - The Market Herald
CEO, Mohammad Choucair
Source: Archer Mineralas
  • Archer Materials (AXE) is advancing it's Republic of Korea patent application for its 12CQ quantum computing chip technology
  • The application has significantly progressed, with the technology now undergoing substantive examination procedures in the Republic of Korea
  • Archer materials believes South Korea is the key jurisdiction to protect and commercialise its IP
  • According to the World Economic Forum, the country is the highest-ranked economy in the world for information technology use
  • On market close, company shares are up 6.94 per cent and is trading for 38.5 cents per share

Archer Materials (AXE) is advancing it's Republic of Korea patent application for its12CQ quantum computing chip technology.

The patent will protect and commercialise intellectual property (IP) around the computering chip technology.

The KR Application has significantly progressed, with the technology now undergoing substantive examination procedures in the Republic of Korea.

"The next steps involve procedural matters related to formal compliance and
amendments immediately prior to the patent being able to be granted for protection in the Republic of Korea," the company explained.

Archer believes the Republic of Korea is the key jurisdiction to protect and commercialise its IP.

South Korea is an advanced economy and a major global manufacturer and exporter of semiconductor devices. According to the World Economic Forum, the country is the highest-ranked economy in the world for information technology use.

Archer has patent applications in Australia, Japan, Republic of Korea, Hong Kong, China, Europe and the U.S., which are currently undergoing patent granting procedures.

On market close, company shares are up 6.94 per cent and is trading for 38.5 cents per share.


Subscribe


AXE by the numbers
More From The Market Herald
Esports Mogul (ASX:ESH) - Managing Director, Gernot Abl - The Market Herald

" Esports Mogul (ASX:ESH) adds custom matchmaking to Fortnite tournaments

Online tournament platform Esports Mogul (ESH) will improve its Fortnite tournaments by adopting custom matchmaking.
Animoca secures $12.6M contract to resell iClick

" Animoca secures $12.6M contract to resell iClick

Animoca Brands Corporation Limited has secured a $12.6 million contract in partnership with
AD1 Holdings (ASX:AD1) energised by Powerclub contract

" AD1 Holdings (ASX:AD1) energised by Powerclub contract

AD1 Holdings (AD1) subsidiary Utility Software Services, has signed a Master Services Agreement with energy retailer Powerclub.
iCandy Interactive (ASX:ICI) - Chief Operating Officer, Desmond Lee (left) - The Market Herald

" iCandy Interactive (ASX:ICI) raises another $1.2M

Mobile gaming outfit iCandy Interactive (ICI) has raised an additional $1.2 million in fresh capital via a placement to one investor.