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Archer Materials (ASX:AXE) - CEO, Mohammad Choucair - The Market Herald
CEO, Mohammad Choucair
Source: Archer Materials
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  • Materials technology company Archer Materials (AXE) has been awarded its first patent for its 12CQ quantum computing chip technology
  • The company has secured a Japenese patent for its qubit processor chip technology which is designed for quantum computing
  • AXE has labelled the patent granting as a major milestone, stating the success in Japan will pave the way for more patent applications
  • Archer has already filed applications in Australia, South Korea, Hong Kong, China, Europe, and the U.S.
  • Shares in AXE have jumped up 22.1 per cent at 63.5 cents each

Archer Materials (AXE) has been awarded its first patent for its 12CQ quantum computing chip technology.

The materials technology company has secured a Japenese patent for its qubit processor chip technology which is designed for quantum computing.

It's a significant milestone for the business, with CEO Mohammad Choucair describing it as a critical step in developing the chip.

"Archer’s quantum computing chip IP is now well protected in Japan – a major global economy and centre for technological innovation," he said.

"The grant of a patent in Japan further validates, and substantially de-risks, our unique technology," Mohammed added.

Additionally, AXE believes the success it has had with the Japan Patent Offices will pave the way for more successful applications in other jurisdictions.

The company has already filed similar patent applications in Australia, South Korea, Hong Kong, China, Europe, and the U.S.

"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," the CEO explained.

Following today's patent news, shares in AXE have jumped up 22.1 per cent during early trade to sit at 63.5 cents each at 12:03 pm AEDT.

AXE by the numbers
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