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Stock Market & Financial Investment News

News Breaks
February 14, 2014
08:53 EDTTINY, CAJHarris & Harris notes MII's semiconductor business to be acquired by Canon
Harris & Harris (TINY) notes the announcement by its portfolio company, Molecular Imprints, or MII, that it has signed an agreement to sell its semiconductor imprint lithography equipment business to Canon (CAJ). Canon began conducting research into nanoimprint technology in 2004 to enter the market for lithography equipment for leading-edge high-resolution patterning. Since 2009, Canon has been carrying out joint development with MII and a major semiconductor manufacturer for mass production using MII's Jet and FlashTM Imprint Lithography, or J-FILTM, technology. Harris & Harris Group invested a total of $4.6M in MII beginning with its initial investment in 2004 and valued its securities of the company at $6.5M as of September 30, 2013. Upon closing, Harris & Harris Group expects to receive approximately $7M in proceeds from the sale, including amounts to be held in escrow. Harris & Harris Group could receive an additional $1.7M upon the achievement of certain milestones. The merger is expected to be completed by April after normal shareholder and government approvals.
News For TINY;CAJ From The Last 14 Days
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October 22, 2014
10:02 EDTTINYHarris & Harris announces formation of TARA Biosystems
Harris & Harris Group continues its track record of early stage investments in emerging new technologies through a capital commitment and formation of TARA Biosystems. Based on research out of Columbia University, the Radisic Laboratory and MIT, TARA Biosystems aims to capitalize on the need for more effective processes for evaluating the safety and efficacy of new therapies and new drug compounds. TARA Biosystems will initially use its “organ-on-a-chip” platform to provide physiologically-relevant “heart-on-a-chip” human tissue models for both toxicology and drug discovery applications.
October 20, 2014
07:16 EDTCAJAmerican Academy of Ophthalmology to hold annual meeting
AAO Annual Meeting 2014 is being held in Chicago on October 18-21.

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