Harris & Harris Group Invests Additional $1 Million in NeoPhotonics Corporation and Notes Merger of NeoPhotonics with Photon Technology Co.
The combined optical components company will be called NeoPhotonics and be headquartered in San Jose, California, with manufacturing facilities in San Jose and Shenzhen, China. NeoPhotonics' press release states that the new NeoPhotonics expects revenues to exceed $50 million in 2005, with more than 1,200 employees in China and the U.S., with more than 100 customers.
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 24 initial private equity investments have been in tiny-technology enabled companies. The Company has 17,248,845 common shares outstanding.
Detailed information about Harris & Harris Group, Inc. and its holdings can be found on its website at http://www.TinyTechVC.com.
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