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Home > Press > Therm-O-Disc And ABSMaterials Sign Development Agreement

Abstract:
Shareholders of Harris & Harris Group, Inc., may be interested to know that Therm-O-Disc, Inc., and ABSMaterials, Inc., have announced that they signed an agreement to jointly develop and market new technology to detect leaking flammable gas.

Therm-O-Disc And ABSMaterials Sign Development Agreement

Posted on October 7th, 2010

The agreement would combine Therm-O-Disc's experience, global manufacturing and service capabilities in sensor developments with ABSMaterials Osorb™ swelling glass and its sensing, separation, and remediation technologies. Target markets include appliances, advanced water treatment, oil and gas processing with essential oil separations, and other industrial systems and processes.

Harris & Harris Group is an investor in privately held ABSMaterials, Inc.

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 Annual Report on Form 10-K for the fiscal year ended December 31, 2009, as well as subsequent 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, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference to the website www.HHVC.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this news release.

####

About Harris & Harris Group
Harris & Harris Group is a publicly traded venture capital company that invests in nanotechnology and microsystems. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com.

For more information, please click here

Contacts:
DOUGLAS W. JAMISON
TEL. NO. (212) 582-0900

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