Shareholders of Harris & Harris Group, Inc., may be interested in reading a feature article in the April 2005 issue of Sport Rider magazine by Kent Kunitsugu. The article examines the Ceramic Matrix Composite (CMC) brakes being introduced to the motorcycle market by Starfire Systems, Inc., Italian racing brake-pad manufacturer, Ferodo, and U.S. racing brake company, BrakeTech.
Harris & Harris Group, Inc., announced on March 15, 2005, that it had exercised an option to invest an additional $500,000 in privately held Starfire Systems, bringing its total investment in Starfire Systems to $750,000. Starfire Systems offers a family of patented silicon carbide forming polymers for the manufacture of advanced ceramic materials applications.
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 22 initial private equity investments have been in tiny-technology enabled companies.
Harris & Harris Group is a business development company with 17,248,845 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 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.