Archer Materials (ASX: AXE) has been granted an Australian patent for its 12CQ (one-two-see-que) quantum computing chip technology.
It is the only ASX-listed company and one of a few players in the world developing quantum bit (qubit) processor chip technology in the semiconductor industry.
The patent protects a proposed qubit processor chip which offers a path to realise practical quantum computing and provides Archer with exclusive and legally-enforceable commercial rights to the invention in Australia.
It prevents other companies from manufacturing, using or selling the technology in Australia, and is a requisite for future commercialisation opportunities.
Chief executive officer Dr Mohammad Choucair said the patent represented a significant early-stage milestone for the company.
“We are excited about the grant of this patent which is a central element in our strategy to develop the 12CQ chip for major markets,” he said.
“With the focus on quantum technologies now stronger than ever, we believe that the granting of this patent will contribute to strengthening quantum computing and technology innovation in Australia.”
Patents protecting the 12CQ chip have previously been granted in Japan, South Korea, China, the US and several European jurisdictions including the UK, France, and Germany.
The application process and procedures for patent protection in Hong Kong is ongoing.
Archer is focused on the development of advanced semiconductor devices, including processor chips which are relevant to quantum computing.
The company is developing the 12CQ chip, a world-first qubit processor technology which could potentially allow for quantum computing-powered mobile devices.
Quantum technology has the ability to accelerate drug and materials development, enhance national security, increase productive mineral exploration and improve secure communications.
It has been identified by the CSIRO (Commonwealth Scientific and Industrial Research Organisation) as the “most promising long-term opportunity for Australia”.
In 2020, the organisation reported Australian quantum technology could create $4 billion in revenue and 16,000 new jobs within an $86 billion global industry by 2040.