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April 22, 2014
09:01 EDTTINYHarris & Harris notes receipt of proceeds from sale of Molecular Imprints
Harris & Harris Group notes the receipt of $6.5M from the sale of Molecular Imprints, Inc.'s semiconductor business to Canon Inc. of Tokyo, Japan. Harris & Harris Group could receive an additional $625,000 from amounts held in escrow as well as up to $1.7M upon the achievement of certain milestones. Harris & Harris Group invested a total of $4.5M in Molecular Imprints, beginning with its initial investment in 2004. It valued its securities of Molecular Imprints at $8.3M as of December 31, 2013.
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October 2, 2015
09:02 EDTTINYHarris & Harris receives milestone payment from Canon
Harris & Harris (TINY) said it received payment of approximately $800,000 following achievement of a certain undisclosed milestone associated with the acquisition of its former portfolio company, Molecular Imprints, Inc., by Canon (CAJ) of Tokyo, Japan, in April 2014. This payment increases its total gross proceeds from the sale to approximately $7.8M, including amounts held in escrow. Harris & Harris Group could receive an additional $900,000 upon the achievement of an additional milestone. These proceeds and potential future proceeds are in addition to the approximately $800,000 in cash and $300,000 in stock received for the sale of the non-semiconductor business to an undisclosed privately held company in May 2015. Harris & Harris Group originally invested approximately $4.5M in Molecular Imprints.
September 29, 2015
09:42 EDTTINYD-Wave agrees to provide tech to Google, NASA, USRA
Harris & Harris (TINY) said its portfolio company, D-Wave Systems, 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 (GOOG), NASA, and USRA 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.

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