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Shareholders of Harris & Harris Group, Inc., may be interested to know that NanoGram Corporation announced today that it has raised $32 million in new funding to accelerate the development of its proprietary silicon solar technology and its advanced nanomaterials solutions. New investors included Global Cleantech Capital, Masdar Clean Tech Fund, Mitsui Ventures, Nagase & Co., Nanostart AG, TEL Venture Capital, and Yasuda Enterprise Development. Existing investors ATA Ventures, Bay Partners, Harris & Harris Group, Institutional Venture Partners, Nth Power, Rockport Capital Partners, SBV Venture Partners, and Technology Partners also participated in this financing. For additional information on the company, you can visit NanoGram's website at www.nanogram.com.
Harris & Harris Group is a shareholder in privately held NanoGram Corporation.
Harris & Harris Group is a publicly traded venture capital company that makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 38 initial private equity investments have been in tiny technology-enabled companies.
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 Registration Statement on Form N-2 and Annual Report on Form 10-K for the year ended December 31, 2006, as well as subsequent SEC filings, 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 websites www.TinyTechVC.com and www.nanogram.com has been provided as a convenience, and the information contained on such websites is not incorporated by reference into this news release.
CONTACT: DOUGLAS W. JAMISON
TEL. NO. (212) 582-0900