Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Harris & Harris Group Notes Recent Portfolio Company Accomplishments

Abstract:
Shareholders of Harris & Harris Group, Inc. (Nasdaq:TINY) may be interested in recent highlights from some of our portfolio companies during February and March of 2012. These releases, as well as news from our other portfolio companies, can be found on our website at ir.hhvc.com/releases.cfm.

Harris & Harris Group Notes Recent Portfolio Company Accomplishments

New York, NY | Posted on March 12th, 2012

Harris & Harris Group made its first new investment in 2012 in OpGen, Inc. On March 7, 2012, we announced this financing event beside new investor Cross Creek Capital, an affiliate of Wasatch Advisors, and existing investors, Highland Capital Partners, Versant Ventures, jVen Capital and CHL Medical Partners. The financing will fund acceleration of the commercialization of OpGen's Argus Whole Genome Mapping System, as well as its Genome-Builder tool suite for large genome sequencing assembly and data analysis. Follow-up stories on OpGen can be accessed at www.washingtonpost.com/blogs/capital-business/post/gaithersburg-based-opgen-secures-up-to-17m-from-investors/2012/03/06/gIQAfouTvR_blog.html and www.genomeweb.com/sequencing/opgen-inks-17m-financing-deal.

On March 11, 2012, Harris & Harris Group's portfolio company, Senova Systems, Inc., announced the introduction of its calibration-free, solid-state pH meter: pHit™ pH sensor at Pittcon 2012. pHit is a new pH sensor platform that replaces current glass electrodes with solid state smart sensors that contain no glass, require no user calibration and can be stored dry. The pHit sensor also contains a novel solid state reference that renders the sensor completely wet-dry reversible so it can be kept dry between uses. This feature not only reduces drift (a drawback of glass pH electrodes) but eliminates the requirement for expensive storage buffers, time-consuming maintenance and messy salt crystals all over the lab bench, equipment and technicians' hands.

On March 8, 2012, Cobalt Technologies, a leading developer of next-generation technology for the production of n-butanol, announced the successful demonstration of one of its advanced biocatalysts. Partnering with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL), Cobalt completed multiple fermentation campaigns in a 9,000 liter fermenter, exceeding the target yield and other performance metrics for a commercial scale facility. For this demonstration, Cobalt utilized the NREL Integrated Biorefinery Research Facility (IBRF) at the National Bioenergy Center in Golden, Colorado, which is designed for large-scale fermentation and downstream processing. Using this test facility, Cobalt demonstrated its advanced biocatalyst's ability to convert non-food based substrates into renewable n-butanol. Tests resulted in high sugar conversion (the amount of sugar consumed by the bacteria) and high yields of butanol (the amount of butanol produced by the bacteria).

February was a busy month for portfolio companies as well. Solazyme Roquette Nutritionals announced that it and Roquette signed a European exclusive sales agreement for its microalgae-derived food ingredients starting with whole algalin flour on February 15, 2012. Bridgelux announced that Kaistar Lighting invested $25 million in Bridgelux on February 13, 2012. Nanosys continued the commercialization of its QDEF display technology with an informative video that can be accessed at www.engineeringtv.com/video/QDef-Display-technology-from-Na;CES-2012 and a podcast with CEO, Jason Hartlove, that can be accessed at www.hometheater.com/content/podcast-99-jason-hartlove.

Finally, on Friday, March 9, 2012, Jim Cramer did a very informative piece on investing in speculative stocks focused on Solazyme, Inc. (Nasdaq:SZYM). Cramer's show, Mad Money, spent close to eight minutes focusing on the fundamentals of Solazyme that led him to believe Solazyme was poised for growth and success. The show can be accessed at video.cnbc.com/gallery/?video=3000077676. The Solazyme segment begins around minute 19 and extends through minute 26.

####

About Harris & Harris Group, Inc.
Harris & Harris Group is an early-stage, active investor in transformative nanotechnology companies. Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.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 for the fiscal year ended December 31, 2010, 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 references to the websites www.HHVC.com, www.washingtonpost.com, www.genomeweb.com, www.engineeringtv.com, www.hometheater.com and video.cnbc.com have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Harris & Harris Group is not responsible for the contents of third party websites.

For more information, please click here

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

Copyright © Harris & Harris Group, Inc.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Long nanotubes make strong fibers: Rice University researchers advance characterization, purification of nanotube wires and films October 17th, 2017

Spinning strands hint at folding dynamics: Rice University lab uses magnetic beads to model microscopic proteins, polymers October 17th, 2017

Spin current detection in quantum materials unlocks potential for alternative electronics October 15th, 2017

Quantum manipulation power for quantum information processing gets a boost: Improving the efficiency of quantum heat engines involves reducing the number of photons in a cavity, ultimately impacting quantum manipulation power October 14th, 2017

Chemistry

What can be discovered at the junction of physics and chemistry October 6th, 2017

Copper catalyst yields high efficiency CO2-to-fuels conversion: Berkeley Lab scientists discover critical role of nanoparticle transformation September 20th, 2017

Chemical hot spots: Scanning tunneling microscopy measurements identify active sites on catalyst surfaces September 7th, 2017

More durable, less expensive fuel cells: University of Delaware researchers have developed a new technology that could speed up the commercialization of fuel cell vehicles September 5th, 2017

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

180 Degree Capital Corp. Appoints Investment Banking Veteran Parker Weil to Its Board of Directors August 2nd, 2017

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Caught on camera -- chemical reactions 'filmed' at the single-molecule level March 22nd, 2017

Investments/IPO's/Splits

Arrowhead Hosts Investor & Analyst R&D Day to Introduce TRiM(TM) Platform and Lead RNAi-based Drug Candidates September 14th, 2017

Nanometrics Announces Upcoming Investor Events August 3rd, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Nanomedicine

Spinning strands hint at folding dynamics: Rice University lab uses magnetic beads to model microscopic proteins, polymers October 17th, 2017

Arrowhead Pharmaceuticals to Present Preclinical Data on ARO-AAT at The Liver Meeting(R) October 10th, 2017

Arrowhead to Present at Chardan Gene Therapy Conference October 3rd, 2017

'CRISPR-Gold' fixes Duchenne muscular dystrophy mutation in mice October 3rd, 2017

Announcements

Long nanotubes make strong fibers: Rice University researchers advance characterization, purification of nanotube wires and films October 17th, 2017

Spinning strands hint at folding dynamics: Rice University lab uses magnetic beads to model microscopic proteins, polymers October 17th, 2017

Rice U. study: Vibrating nanoparticles interact: Placing nanodisks in groups can change their vibrational frequencies October 16th, 2017

Spin current detection in quantum materials unlocks potential for alternative electronics October 15th, 2017

Food/Agriculture/Supplements

Research shows how DNA molecules cross nanopores: Study could inform biosensors, manufacturing, and more September 5th, 2017

Probiotics: Novel biosynthetic tool to develop metallic nanoparticles: This research article by Dr. Nida Akhtar et al has been published in Recent Patents on Drug Delivery & Formulation, Volume 11, Issue 1, 2017 July 20th, 2017

New technology could offer cheaper, faster food testing: Specialized droplets interact with bacteria and can be analyzed using a smartphone April 7th, 2017

Meta-lenses bring benchtop performance to small, hand-held spectrometer: Game-changing nanostructure-based lenses allow smaller devices, increased functionality February 9th, 2017

Energy

New nanomaterial can extract hydrogen fuel from seawater: Hybrid material converts more sunlight and can weather seawater's harsh conditions October 4th, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

Copper catalyst yields high efficiency CO2-to-fuels conversion: Berkeley Lab scientists discover critical role of nanoparticle transformation September 20th, 2017

Solar-to-fuel system recycles CO2 to make ethanol and ethylene: Berkeley Lab advance is first demonstration of efficient, light-powered production of fuel via artificial photosynthesis September 19th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project