180 Degree Capital Corp.’s Portfolio Company, D-Wave Systems, and Their Work With Volkswagen Discussed in Article in the New York Times
MONTCLAIR, N.J., June 23, 2017 (GLOBE NEWSWIRE) -- 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 Statements
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 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
Released June 23, 2017