Mar 16 2005
Harris & Harris Group, Inc., announced today that it has exercised its option to invest an additional $500,000 in Starfire Systems, Inc., a privately held company headquartered in Malta, New York. With this investment, Harris & Harris Group has invested a total of $750,000 in Starfire Systems.
Starfire Systems offers a family of patented silicon carbide forming polymers for the manufacture of advanced ceramic materials applications. Starfire's range of matrix polymers and silicon carbide CVD precursors simplifies the formation of advanced ceramic materials and yields nanostructured ceramics with enhanced properties. Starfire Systems has targeted applications in automotive and aircraft friction materials, aerospace systems and microelectronics.
Harris & Harris Group is a publicly traded venture capital company that now makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 22 initial private equity investments have been in tiny-technology enabled companies.
Harris & Harris Group is a business development company with 17,248,845 common shares outstanding.
Detailed information about Harris & Harris Group and its holdings can be found on its website at www.TinyTechVC.com.
http://www.hhgp.com/