Archer Materials Limited announced that the Company has commenced the next-stage of development to advance the commercial readiness of the 12CQ Project which aims to build a quantum computing qubit processor. Archer uses a unique carbon-based qubit material that has the potential to enable chip operation at room-temperature and integration onboard modern electronic devices. The technical development at the heart of 12CQ is a world-first. Archer intends to devise, design, and perform a number of quantum measurements on the chip prototype qubit componentry over the next 12 months in-line with Archer's strategic chip development roadmap and commercialisation plan. The outcomes and results of the various quantum measurements will be used to validate claims in the patents protecting the chip technology intellectual property and to advance the commercial readiness of the chip. Archer intends to commercialise chip products through Licensing and direct sales by seeking to establish commercial partnerships with highly resourced organizations including software developers and hardware manufacturers, that could allow for product scale, IP transfer, and distribution channels. 12 CQ Chip Development Background (First-stage) Archer has recently accomplished outstanding achievements in chip development, as the Company has advanced the commercial readiness of the chip.