Harris & Harris Group Notes Laser Light Engines' New Funding

NEW YORK, Sept. 18, 2012 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc. (Nasdaq:TINY), an early-stage, active investor in transformative nanotechnology companies, notes Laser Light Engines' ("LLE") announcement today of the close of a round of financing of $9 million from new and current investors. This funding will enable LLE to accelerate commercialization of its laser illumination technology, which was introduced publicly in a demonstration of high-brightness laser 3D cinema on a silver screen at the NAB Technology Summit on Cinema in Las Vegas earlier this year. The funding will also be used to support product rollouts and to strengthen the company's engineering, sales and manufacturing operations.  LLE's press release can be accessed at http://www.laserlightengines.com/pdfs/press_releases/2012-09-18_pressrel_funding.pdf.

Harris & Harris Group was a member of the first group of institutional investors in privately held Laser Light Engines, Inc.

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, 2011, 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 and www.laserlightengines.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.

CONTACT: DANIEL B. WOLFE
         TEL. NO. (212) 582-0900

Released September 18, 2012