Harris & Harris Group Portfolio Company, D-Wave Systems, Announces the Sale of its First D-Wave 2000Q™ Quantum Computer to Temporal Defense Systems

Harris & Harris Group, (NASDAQ:TINY), notes the announcement by its portfolio company, D-Wave Systems, that it sold the first D-Wave 2000Q™ quantum computer to Temporal Defense Systems, a cybersecurity firm. The D-Wave 2000Q™ system, valued at $15 million, will be used with TDS technology to solve some of the most critical and complex cyber security problems impacting governments and commercial enterprises.

As quoted in the press release:

The agreement also includes upgrades to future D-Wave quantum processing units (QPUs).  This release was issued in conjunction with the announcement of the general commercial availability of the D-Wave 2000Q™ quantum computer.

Harris & Harris Group currently owns between 2.5-5 percent of D-Wave Systems on a fully diluted basis.  Harris & Harris Group also reminds interested accredited investors that there is limited time remaining to purchase a limited amount of equity interests in H&H Co-Investment Partners, LLC D-Wave Series J, an investment series created to invest in future rounds of financing of D-Wave Systems, Inc.  The offering is being facilitated by BANQ®, the online division of TriPoint Global Equities LLC, a FINRA member and registered broker-dealer, and will be conducted under Rule 506(c) of Regulation D promulgated by the SEC under the Securities Act.  All equity interests issued by H&H Co-Investment Partners will be offered by TriPoint Global Equities.

Click here for the full text release.