Shareholders of Harris & Harris Group, Inc., may be interested in reading the article appearing on Small Times.com (www.smalltimes.com) entitled, "Nanogram's IP Gamble Pays Off, But Real Success Awaits Products."
Harris & Harris Group announced on March 16, 2004, that it sold its interest in Nanogram Devices Corporation for gross proceeds of approximately $2,750,000. On March 17, 2004, Harris & Harris Group announced that it had invested $2 million in privately held NeoPhotonics Corporation (www.neophotonics.com), as part of a venture financing of more than $40 million led by Oak Investment Partners and Institutional Venture Partners (IVP). Harris & Harris Group is also a shareholder of Nanogram Corp.
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 13 initial private equity investments have been in tiny-technology enabled companies. The Company has 13,798,845 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 and recent Prospectus 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.