NEW YORK, Jan 12, 2007 (BUSINESS WIRE) -- Harris & Harris Group, Inc. announced today that it has invested $4 million as a lead investor in a Series D Preferred round of financing in Xradia, Inc., of Concord, California, that includes an investment from an existing investor. Alexei A. Andreev of Harris & Harris Group will join the Board of Directors.
Xradia designs, manufactures and sells a suite of ultra high resolution 3D x-ray microscopes and fluorescence imaging systems capable of nondestructive micrometer and nanometer scale imaging of internal structures of semiconductor IC's and packages as well as biological specimens. Detailed information about Xradia can be found on its website at www.xradia.com
Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 31 initial private equity investments have been in tiny technology-enabled companies. The Company has 21,205,007 common shares outstanding.
Detailed information about Harris & Harris Group and its holdings can be found on its website at www.TinyTechVC.com.
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 Annual Report on Form 10-K filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business, including but not limited to the risks and uncertainties associated with venture capital investing and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, Harris & Harris Group, Inc., undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference to the websites www.TinyTechVC.com and www.xradia.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. (TINY-P)
SOURCE: Harris & Harris Group, Inc.
Harris & Harris Group, Inc. Charles E. Harris, 212-582-0900
Copyright Business Wire 2007
News Provided by COMTEX