PRESS
RELEASE
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AUGUST
6, 2010
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|
|
HARRIS & HARRIS GROUP,
INC.
®
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CONTACT: DOUGLAS
W. JAMISON
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1450
BROADWAY, 24TH
FLOOR
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NEW
YORK, NY 10018
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TEL.
NO. (212) 582-0900
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HARRIS
& HARRIS GROUP ANNOUNCES NEW BOARD MEMBER
Harris & Harris Group, Inc.,
(NASDAQ: TINY) is pleased to announce that the Company’s Board of Directors,
upon recommendation by its Nominating Committee, elected Mr. Lucio L. Lanza to
serve as a Director of the Company, effective immediately, until the 2011 Annual
Meeting of Shareholders. Mr. Lanza was appointed to the Board of
Directors as part of long-term Board succession planning in anticipation of the
upcoming retirement of three of the Company’s directors in 2011 pursuant to its
director retirement policy.
Mr. Lanza is the Managing Director of
Lanza techVentures, an early stage venture capital and investment firm, which he
founded in January 2001. Since 2008, he has been a General Partner
and the Chief Technology Strategist of Radnorwood Capital, LLC, an investor in
public technology companies. Previously, he was a General Partner of
US Venture Partners, a venture capital firm. Throughout his career,
he has held senior level and strategic positions at Cadence Design Systems,
Inc., EDA Systems, Inc., Daisy Systems, Corp., Intel Corp., Olivetti Corporation
and ARM Holdings plc. He was graduated from Politecnico of Milano
with a doctorate in electronic engineering. The Board of Directors
believes that Mr. Lanza’s knowledge and experience in the venture capital
industry will greatly contribute to the strategic direction of the
Company.
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.
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 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 press
release..