Archer to negotiate exclusively with Uni of Sydney on quantum technology IP

Published at May 23, 2018, in Mining

Archer Exploration Limited (ASX:AXE) has today announced that it has entered into exclusive negotiations with The University of Sydney for exclusive rights to develop and commercialise intellectual property (IP) related to graphene-based quantum computing technology.

AXE is working with the University’s office of Commercial Development and Industry Partnerships (CDIP).

The patent rights are jointly held between the University of Sydney and École Polytechnique Fédérale de Lausanne (EPFL) through a collaborative research project co-led by Dr Mohammad Choucair when he worked at the University. The University and EPFL finalised an agreement with which EPFL allows the University to take the commercialisation lead in processing to negotiate with Archer.

The negotiations are part of the filing of an international patent application by CDIP under the Patent Cooperation Treaty (PCT), as international trade accounts for 96% of revenue in the global semiconductor and electronic parts manufacturing industry1.

The development of commercial quantum computing technology would transform computing across multiple sectors, including pharmaceuticals, energy, transport, finance and security.

It should be noted that LIT remains a speculative stock and investors should seek professional financial advice if considering this stock for their portfolio.

Commenting on the exclusive agreement, AXE CEO Mohammad Choucair stated: “There is a need within the quantum computing market to develop componentry that can be integrated into electronic circuitry while remaining functional at room-temperature, allowing practical non-disruptive solutions that could facilitate the wide-scale point-of-use by consumers.

“Our negotiations with CDIP will allow Archer to leverage our strategic graphite and graphene resources, and our inventory of specialised materials assets held in our Carbon Allotropes business, to find high value, materials-centric, end-to-end solutions to solve one of the most significant problems in our technological age.

“It is important to note that Australia has globally recognised expertise in quantum materials and is at the forefront of quantum technology. Archer is in a strong position to develop and commercialise strategically relevant IP for long-term company success and business development.”

The IP relates to the development of a quantum electronic device (QED) for storing and processing quantum bits (qubits), the fundamental components of a quantum computer.

The QED comprises advanced carbon material components critical for its function, including graphene, which are available in the inventory of Archer’s wholly owned subsidiary, Carbon Allotropes.

With respect to the filing of the international patent application, Dr Choucair said: “The first written opinion of the international searching authority found that all 16 claims in the PCT were novel and inventive, and the invention can be made by, or used in, industry, respectively. This is the best possible result for the development at this time, and it gives us the confidence to proceed with negotiations with a reduced legal and technical risk at this stage of commercialisation.”

About quantum computing

Quantum computing devices form a strongly growing part of the semiconductor and electronic parts manufacturing industry worth an estimated $540 billion1.

Materials are at the heart of some of the biggest technical and operational challenges in a quantum computing market, predicted to grow exponentially as technological advancements shift from theoretical foundations to prototype development.

This shift includes both hardware (devices) and software, potentially affecting sectors dependent on computational power. Applications for quantum computing across various sectors are emerging, and including artificial intelligence, molecular modelling, cryptography, and financial modelling, where parallel analyses of large data sets, complex calculations, and end-to-end tamper proof signalling are needed.

Further, Dr Choucair concluded: “We are looking forward to our involvement in the development and commercialisation of this potential breakthrough in quantum computing IP which reduces many of the technological barriers to realising practical quantum computing using solid-state materials. Given the established years of research and results supporting this IP, it has the potential, over a short time frame, to allow Archer to develop and commercialise a world first, practical quantum computing chip (device), with significantly reduced costs compared to current approaches.”

__________

1 IBISWorld Industry Report. May 2018. Global Semiconductor and Electronic Parts.

tags

GRAPHENE

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X