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February 25, 2014
08:44 EDTTINYHarris & Harris signs several agreements with Patia Biopharma
Harris & Harris notes the announcement by its portfolio company, Metabolon that it has signed several exclusive multi-year, royalty-based research collaboration and licensing agreements with Patia Biopharma. The research collaboration provides Metabolon's Quantose IR technology for use in several diabetes prevention studies in Mexico. The license agreement provides exclusive access in Mexico to Metabolon's prediabetes test technology for assessing insulin resistance in the general population of Mexico through Patia and Clinica Ruiz's network of laboratories. Under the terms of the agreements, Patia and its affiliates will use Metabolon's Quantose IR technology in unprecedented large-scale studies in Mexico to test for prediabetes in up to 3M overweight or obese adults and secondary school students who are obese and/or have a family history of diabetes. The goal of these studies is to detect prediabetes early and prescribe treatment to prevent progression to Type 2 diabetes. Testing will be carried out over four years, beginning with pilot studies in FY14.
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October 2, 2015
09:02 EDTTINYHarris & Harris receives milestone payment from Canon
Harris & Harris (TINY) said it received payment of approximately $800,000 following achievement of a certain undisclosed milestone associated with the acquisition of its former portfolio company, Molecular Imprints, Inc., by Canon (CAJ) of Tokyo, Japan, in April 2014. This payment increases its total gross proceeds from the sale to approximately $7.8M, including amounts held in escrow. Harris & Harris Group could receive an additional $900,000 upon the achievement of an additional milestone. These proceeds and potential future proceeds are in addition to the approximately $800,000 in cash and $300,000 in stock received for the sale of the non-semiconductor business to an undisclosed privately held company in May 2015. Harris & Harris Group originally invested approximately $4.5M in Molecular Imprints.
September 29, 2015
09:42 EDTTINYD-Wave agrees to provide tech to Google, NASA, USRA
Harris & Harris (TINY) said its portfolio company, D-Wave Systems, announced that it has entered into a new agreement covering the installation of a succession of D-Wave systems located at NASA's Ames Research Center in Moffett Field, California. This agreement supports collaboration among Google (GOOG), NASA, and USRA that is dedicated to studying how quantum computing can advance artificial intelligence and machine learning and the solution of difficult optimization problems. The new agreement enables Google and its partners to keep their D-Wave system operating at the state-of-the-art level of performance for up to seven years, with new generations of D-Wave systems to be installed at NASA Ames as they become available.

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