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Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer



Harris & Harris Group Notes the Sale of a Second D-Wave Quantum Computer

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.

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, 2012, 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 to the websites
www.HHVC.com, www.Facebook.com, www.forbes.com and www.dwavesys.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.

CONTACT: DOUGLAS W. JAMISON
         TEL. NO. (212) 582-0900
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