×

Harris & Harris Group Portfolio Company, D-Wave Systems, Announces Multi-Year Agreement to Provide Its Technology to Google, NASA and USRA’s Quantum Artificial Intelligence Lab

NEW YORK, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (NASDAQ:TINY), an investor in transformative companies enabled by disruptive science, notes that its portfolio company, D-Wave Systems, Inc., announced that it has entered into a new agreement covering the installation of a succession of D-Wave systems located at NASA’s Ames Research Center in Moffett Field, California. This agreement supports collaboration among Google, NASA and USRA (Universities Space Research Association) that is dedicated to studying how quantum computing can advance artificial intelligence and machine learning and the solution of difficult optimization problems. The new agreement enables Google and its partners to keep their D-Wave system operating at the state-of-the-art level of performance for up to seven years, with new generations of D-Wave systems to be installed at NASA Ames as they become available.

“This agreement demonstrates the commitment by leading corporations and government organizations to the use of D-Wave’s technology to solve problems that are difficult or impossible to solve using classical computers,” said Alexei A. Andreev, Executive Vice President and Managing Director of Harris & Harris Group. “We would like to congratulate the team at D-Wave on this accomplishment.”

D-Wave’s press release can be viewed at http://www.dwavesys.com/press-releases/d-wave-systems-announces-multi-year-agreement-provide-its-technology-google-nasa-and.

About Harris & Harris Group

Harris & Harris Group is a publicly traded venture capital firm that is also a business development company. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com, on Facebook at www.facebook.com/harrisharrisvc and by following on Twitter @harrisandharrisgroup.

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014, as well as subsequent filings, filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including, but not limited to, the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The references and links to the websites www.HHVC.com, www.dwavesys.com, www.google.com, www.nasa.gov, www.usra.edu, and www.Facebook.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Harris & Harris Group is not responsible for the contents of third party websites.

Press Contact: Alexandra Spurgeon, Account Executive Gregory FCA Alexandra@GregoryFCA.com 610-228-2140

Source:Harris & Harris Group