NEW YORK, May 16, 2013 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (Nasdaq:TINY), an early-stage, active investor in transformative companies, notes today's announcement by D-Wave Systems that its new 512-qubit quantum computer, the D-Wave Two, will be installed at the new Quantum Artificial Intelligence Lab, a collaboration among NASA, Google and the Universities Space Research Association (USRA). The purpose of this effort is to use quantum computing to advance machine learning in order to solve some of the most challenging computer science problems. A copy of D-Wave's press release can be viewed at http://www.dwavesys.com/en/pressreleases.html#dwaveus_Google_NASA. Additional coverage of this announcement can be viewed on Forbes.com at http://www.forbes.com/sites/alexknapp/2013/05/16/nasa-and-google-partner-to-purchase-a-d-wave-quantum-computer/.
"I would echo D-Wave President, Bo Ewald's, statement that for D-Wave to have Lockheed Martin as its first customer and Google and NASA as its second customer, is 'just a great way to start' the commercialization of quantum computing," said Alexei Andreev, Executive Vice President and Managing Director of Harris & Harris Group. Chief Executive Officer, Doug Jamison, added, "D-Wave is just another example of how Harris & Harris Group provides shareholders with a chance to invest in the next generation of transformative companies while these companies are inaccessible to most investors. I think this illustrates Harris & Harris Group as a publicly traded venture capital firm involved in some of the most innovative technologies that will define the next decade."
Harris & Harris Group is an investor in privately held D-Wave Systems, Inc.
Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com and on Facebook at www.facebook.com/harrisharrisvc.
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