180 Degree Capital Corp.’s Portfolio Company, D-Wave Systems, and Their Work With Volkswagen Discussed in Article in the Ne...
June 23 2017 - 1:15PM
180 Degree Capital Corp. (NASDAQ:TURN) notes that an article on
page B4 of today’s issue of the New York Times discusses work
between its portfolio company, D-Wave Systems, Inc., and Volkswagen
on traffic optimization problems. The article mentions that a
demonstration of optimizing the routes of 10,000 taxis in Beijing
using D-Wave’s quantum computers produced results in a few seconds
versus 30 minutes using a conventional supercomputer.
This article can be accessed online at
https://www.nytimes.com/2017/06/22/automobiles/wheels/driverless-cars-big-data-volkswagen-bmw.html.
About 180 Degree Capital Corp.
180 Degree Capital Corp. is a publicly traded
registered closed-end fund focused on investing in and providing
value-added assistance through constructive activism to what we
believe are substantially undervalued small, publicly traded
companies that have potential for significant turnarounds.
Our goal is that the result of our constructive activism leads to a
reversal in direction for the share price of these investee
companies, i.e., a 180-degree turn. Detailed information
about 180 and its holdings can be found on its website at
www.180degreecapital.com.
Forward-Looking StatementsThis
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 securities filings filed with the
Securities and Exchange Commission for a more detailed discussion
of the risks and uncertainties associated with the Company's
business 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 reference and link to the websites
www.nytimes.com and www.180degreecapital.com have been
provided as a convenience, and the information contained on such
website is not incorporated by reference into this press release.
180 is not responsible for the contents of third party
websites.
Press Contact:
Daniel B. Wolfe
180 Degree Capital Corp.
973-746-4500
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