Harris & Harris Group, Inc., noted today that Nantero, Inc. (www.nantero.com), and BAE Systems (www.bae-systems.com) announced today a joint effort to evaluate the potential to develop carbon nanotube-based electronic devices for use in advanced defense and aerospace systems. The project will involve research and development of a variety of next-generation electronic devices that can be built leveraging the unique properties of carbon nanotubes and using Nantero's proprietary methods and processes for the design and manufacture of nanotube-based electronics. Shareholders may be interested in reading Nantero's and BAE Systems' joint press release.
Harris & Harris Group, Inc., owns a 3.35 percent interest in privately held Nantero, Inc. Nantero is a nanotechnology company using carbon nanotubes for the development of next-generation semiconductor devices. Nantero's main focus is the development of NRAMTM - a high density nonvolatile random access storage device.
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 16 initial private equity investments have been in tiny-technology enabled companies. The Company has 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 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.