Shareholders of Harris & Harris Group, Inc., may be interested to read two articles that have appeared this week that mention prominently Nantero, Inc. BusinessWeek, dated April 18, 2005, on pages 90-91, contains an article by Adam Aston entitled, "The Coming Chip Revolution: Facing the limits of silicon, scientists are turning to carbon nanotubes." MIT Technology Review, dated May 2005, on pages 47-48, contains an article by Gregory T. Huang entitled, "Universal Memory: Nanotubes make possible ultra dense data storage."
Harris & Harris Group has invested a total of $1,384,328 in the A, B and C rounds of privately owned Nantero, Inc.
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.