Harris & Harris Group, Inc., shareholders may be interested to know that Nanomix, Inc., (www.nano.com) was awarded a $1 million project grant from the Department of Homeland Security. The Nanomix grant will cover a three-year period and will be developed in cooperation with the Naval Research Laboratories. For security reasons, the scope of the project will not be disclosed.
Harris & Harris Group is an investor in privately held Nanomix.
Harris & Harris Group is a publicly traded venture capital company that 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 news 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 news release. Please see the Company's Registration Statement on Form N-2 and Annual Report on Form 10-K for the year ended December 31, 2005, 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.nano.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this news release.
CHARLES E. HARRIS
TEL. NO. (212) 582-0900