Harris & Harris Group, Inc. noted today that NeoPhotonics announced today that it is spinning off its medical component business into a separate corporation, NanoGram Devices Corporation. NanoGram Devices has developed and is manufacturing and marketing specialized power sources for medical devices and other medical equipment based on its unique, patented, laser-based nanomaterial synthesis technology.
Harris & Harris Group has invested $1,000,000 and owns a fully diluted 1.76 percent interest in NeoPhotonics Corporation. NeoPhotonics Corporation is on the web at www.neophotonics.com NanoGram Devices Corporation is on the web at www.nanogramdevices.com.
Harris & Harris Group is a publicly traded venture capital company. The Company's last eight private equity investments have been in tiny-technology enabled companies.
Harris & Harris Group, Inc. is a Business Development Company with 11,498,845 common shares outstanding.
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