Shareholders of Harris & Harris Group, Inc. may be interested to read today's lead www.smalltimes.com article by David Forman, entitled "Fully Funded, Nanosys Pursues Initial Product Launch by 2006."
Harris & Harris Group invested $1,500,000 in Nanosys, which is Harris & Harris Group's largest single investment to date in tiny technology. Nanosys is focused on the development of nanotechnology-enabled systems incorporating novel and patent-protected zero and one-dimensional nanometer-scale materials such as nanowires, nanotubes and nanodots (quantum dots). These systems exploit and utilize the unique electronic, magnetic, optical and integration properties associated with materials having nanometer-scale dimensions.
Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny-technology enabled companies. Its last 12 private equity investments have been in such companies, including NanoGram Corporation, an intellectual property holding company that was recently spun off from NeoPhotonics Corporation, and one other investment that has not yet been announced.
Harris & Harris Group, Inc. is a Business Development Company with 11,498,845 common shares outstanding.
Detailed information about Harris & Harris Group, Inc. and its holdings can be found on its website at http://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.