In a recent interview, Douglas W. Jamison, CEO of Harris & Harris Group (TINY), touted about one of his publicly traded venture capital company’s investments: “D-Wave has produced the world’s first commercial adiabatic quantum computer. That’s a very interesting and unique investment opportunity. D-Wave’s computer can solve problems that no other computer can solve, and it can solve many problems faster than a classical computer.”
Google (GOOG) has described its use of the computer: “On the hardware side we are collaborating with D-Wave in Vancouver, Canada. D-Wave develops processors that realize the adiabatic quantum algorithm by magnetically coupling superconducting loops called RF SQUID flux qubits.”
Lockheed Martin Corporation (LMT) is using its adiabatic quantum computer in its research venture with the University of Southern California: “In partnership with the University of Southern California, [Lockheed] has founded the USC-Lockheed Martin Quantum Computation Center (QCC), home of D-Wave One, the world’s first commercial adiabatic quantum optimizer and by far the largest functional quantum information processor ever built.”
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In another positive sign, the senior executives of the Harris & Harris Group have been using their spare cash to buy up shares. On June 28, 2013, the Chairman and CEO of the company filed notice of his purchase of 3,000 shares at slightly under $3.10 per share. This brings Mr. Jamison’s total shareholdings to 199,334 shares. On June 14, 2013, Robert Burns, the Senior Vice President of Harris & Harris Group, purchased 1,500 shares at $3.27 per share.
Sandra Forman, the General Counsel of the company, has also indicated her confidence by purchasing an aggregate of 2,000 shares on May 21, 2013. These insider purchases highlight an interesting high growth investment opportunity.
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