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March 16th, 2004
Harris & Harris Sells Interest in Nanogram Devices
Harris & Harris Group, Inc. announced today that, along with the rest of the shareholders in privately owned Nanogram Devices Corporation, it has sold its interest in that company to Wilson GreatBatch Technologies, Inc. Harris & Harris Group owned approximately a five percent fully diluted interest in Nanogram Devices Corporation, which it purchased in early 2003, for a total of $813,210, and which it valued at cost in the most recent valuation of its portfolio, as of December 31, 2003. Harris & Harris Group will receive gross proceeds of approximately $2,750,000 in the sale.
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