Harris & Harris Group Notes Article in The New York Times
NEW YORK, March 22, 2013 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc.
(Nasdaq:TINY), an early-stage, active investor in transformative
nanotechnology companies, notes an article by Quentin Hardy in the March 22,
2013, issue of The New York Times, discussing Lockheed Martin's intent to
upgrade to commercial scale the quantum computer it purchased from D-Wave
Systems, Inc., becoming the first company to use quantum computing as part of
its business. If it performs as Lockheed Martin and D-Wave expect, the
upgraded quantum computer could have the potential to supercharge powerful
systems, solving some science and business problems millions of times faster
than can be done today.
Quantum computing is much faster than traditional computing because of the
unusual properties of particles at the smallest level.Instead of the
precision of ones and zeros that have been used to represent data since the
earliest days of computers, quantum computing relies on the fact that
subatomic particles inhabit a range of states.Different relationships among
the particles may coexist, as well.Those probable states can be narrowed to
determine an optimal outcome among a near-infinitude of possibilities, which
allows certain types of problems to be solved rapidly.
"We view Lockheed Martin's decision to upgrade its quantum computer from
D-Wave as exciting commercial validation of the potential for D-Wave's
technology," stated Douglas W. Jamison, CEO of Harris & Harris Group. "As an
early-stage investor, this is the type of validation we strive for when we
make our initial investments in portfolio companies.We are excited about the
potential that this and other interest in D-Wave's technology will lead to in
the future."The full article may be accessed
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.
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to future events. These forward-looking statements are subject to the inherent
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www.HHVC.com and www.nytimes.com have been provided as a convenience, and the
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CONTACT: DOUGLAS W. JAMISON
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