Harris & Harris Group Notes HzO and Atelier Haute Communication Partnership
NEW YORK, Jan. 17, 2013 (GLOBE NEWSWIRE) -- Harris & Harris Group, Inc.
(Nasdaq:TINY), an early-stage, active investor in transformative
nanotechnology companies, notes that Atelier Haute Communication, an expert in
tailor-made mobile phones, has teamed up with Harris & Harris Group's
portfolio company, HzO, Inc., creator of WaterBlock™, a nano-coating that
offers water damage protection from the inside out for electronic devices. The
partnership will enable Atelier to incorporate WaterBlock™ in an exclusive
model from its range of luxury smart phones. The first smart phone to feature
WaterBlock™ will be the TAG Heuer RACER Sub-Nano, a limited edition,
Android-based model and is expected to be available in April 2013.
"Corporate partnerships are often instrumental to our portfolio companies'
efforts to commercialize their technology," said Douglas W. Jamison, Chief
Executive Officer of Harris & Harris Group. "At Harris & Harris Group, we
believe these types of corporate partnerships will be fundamental for us in
realizing value in these start-up companies over the coming decades."
WaterBlock™ works by creating a strong barrier between the internal circuitry
of a device and water without any additional bulk, weight, or changes to the
phone's aesthetics. The barrier is a transparent, thin film applied only to
the internal electronics allowing the phone to survive complete submersion. In
tests, it has proven to protect a device even when submerged to a depth of one
meter for significant durations. Over 50 different smart phone models with
WaterBlock™ have been tested to date. HzO's press release can be viewed at
Harris & Harris Group is an investor in privately held HzO, 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.hzoinside.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: DOUGLAS W. JAMISON
TEL. NO. (212) 582-0900
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