Quantum Blockchain Technologies Plc - Update on US Patent Application
(
“
QBT
” or
“
the Company
”)
Update on US Patent Application – ASIC Ultra Boost
Further to the Company
’
s announcement of
As previously disclosed, the issuance of a “Final Rejection” is a standard step in the US patent examination process, and such rejections are frequently overcome through continued patent prosecution.
The Examiner has raised an objection based on a combination of asserted prior art documents, including a thesis by
Based on an initial review, the Company understands that the Examiner ’ s concerns primarily relate to the breadth of the patent application’s claims, rather than a fundamental lack of novelty of the underlying technology. Accordingly, the Company believes that there remains a viable pathway forward through further refinement of the claim scope.
The Company confirms that its US patent attorneys have already scheduled an interview with the USPTO Examiner on
The deadline for responding formally to the Final Office Action is
The Company reiterates that the issuance of a Final Office Action is a common step in the US patent examination process, and that such rejections are frequently overcome through continued prosecution.
QBT will provide further updates as appropriate.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of
- ends -
For further information please contact:
SP Angel Corporate Finance (Nominated Adviser & Broker) +44 (0) 20 3470 0470
Leander (Financial PR) +44 (0) 7795 168 157
About
QBT (AIM: QBT) is a London Stock Exchange AIM listed Research & Development and investing company focused on an intensive R&D programme to disrupt the Blockchain Technologies sector which includes, cryptocurrency mining and other advanced blockchain applications. The primary goal of the R&D programme is to develop Bitcoin mining tools and techniques, via its technology-driven approach, which the Company believes will significantly outperform existing market practices.