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Archer Exploration's exclusive IP for quantum computing shows strategy in action

Archer Exploration Ltd (ASX:AXE) CEO Mohammad Choucair updates Proactive Investors on the company’s recently signed exclusive agreement, with University of Sydney Commercial Development and Industry Partnerships (CDIP), regarding intellectual property (IP) for quantum computing technology that functions at room temperature.

Archer’s wholly owned subsidiary Carbon Allotropes supplies materials that would form the critical componentry of the device. The advanced materials company will be enacting a commercialisation plan in tandem with developing the technology.

Choucair says, "The barriers to entry into quantum computing and technology can be seen as quite high from both a technical and commercial point of view, but this is where the value in obtaining this license agreement lies... Now that we do have this exclusive license, we've been able to overcome these barriers to entry, and maybe will start setting a few of our own."

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