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Archer Materials advances Republic of Korea patent application for 12CQ technology

The application is undergoing substantive examination procedures and next steps involve procedural matters related to formal compliance and amendments.

Archer Materials Ltd - Archer Materials advances Republic of Korea patent application for 12CQ technology
The company considers South Korea as a key strategic jurisdiction to protect its IP

Archer Materials Ltd (ASX:AXE) is advancing its Republic of Korea patent application for 12CQ quantum computing chip technology IP with the bid now undergoing substantive examination procedures.

The exclusively licensed Korean patent application filed under the Patent Cooperation Treaty (PCT) has progressed in that country’s patent granting procedure.

This is aimed at protecting and commercialising intellectual property (IP) associated to the 12CQ quantum computing chip technology.

Next steps

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.

Archer considers the Republic of Korea as a key strategic jurisdiction to protect and commercialise its IP.

Highest ranked for IT use

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

The company holds an exclusive licence to the IP with patent applications in Australia, Japan, Republic of Korea, Hong Kong, China, Europe and the US, which are undergoing patent granting procedures.

Key progress in the patent applications’ prosecution will be released to ASX.

Materials technology company

Archer is a materials technology company developing materials in quantum computing, biotechnology and lithium-ion batteries as well as exploring for minerals in Australia.

The company has strong IP, broad-scope mineral tenements, world-class in-house expertise, a unique materials inventory, and access to more than $300 million of technology development infrastructure.

Quick facts: Archer Materials Ltd

Price: 0.545 AUD

ASX:AXE
Market: ASX
Market Cap: $122.44 m
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