Shareholders of Harris & Harris Group, Inc. may be interested to read five articles or sections in the current, April 2005, Small Times magazine (www.smalltimes.com) that relate to Harris & Harris Group, Inc., and certain of our portfolio companies.
On page 40, "Choosing the right investors sets stage for likely success," Barry Weinbaum, the CEO of NanoOpto Corp., writes about the transition of NanoOpto from the telecom industry to consumer electronics. Harris & Harris Group has invested $3,092,503 in NanoOpto.
On pages 21-22, in "Nano startups skip across chasm: If early 2005 is any guide, nano funding is headed up," David Forman writes about Nantero, Inc., Nanomix, Inc., and Optiva, Inc., as well as NanoOpto. Harris & Harris Group has invested $1,384,328 in Nantero, $2,500,000 in Nanomix, and $2,000,000 in Optiva.
On pages 18-19, Jesko von Windheim, CEO of Nextreme Thermal Solutions, Inc., is interviewed in the "Q&A.;" Harris & Harris has invested $500,000 in Nextreme.
On page 23, Small Times lists the six "U.S.-based nanotechnology companies [that] secured funding in early 2005." Of the six rounds of financing, Harris & Harris Group led or participated in four: we led the Nanomix round and participated in NanoOpto's and Nantero's, and we were the sole institutional investor in Starfire Systems, Inc.'s.
On Page 49, Small Times lists the nine small tech deals ("small tech" encompasses what we refer to as "tiny tech," i.e., microsystems and microelectromechanical systems as well as nanotechnology), announced between February 7 and March 23, 2005. Of the nine, as noted above, Harris & Harris Group led and/or participated in four. Only one other venture capital firm was listed as participating in as many as two.
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 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 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 website www.smalltimes.com has been provided as a convenience and not as an endorsement by the Company of the contents of such website. The Company does not make any representations regarding the content or accuracy of materials on such website. Information contained on such website is not incorporated by reference into this news release.