Harris & Harris Group invests in Innovalight

May 2, 2006 – Harris & Harris Group Inc. announced that it led a $7.5 million Series B round of financing of privately held Innovalight, Inc., of Santa Clara, California. The Series B financing included Apax Partners, ARCH Venture Partners, Sevin Rosen Funds and Triton Ventures.

Innovalight is developing a new era of ultra low-cost, high-performance renewable energy products, by harnessing the yet untapped powerful quantum effects of silicon nanotechnology.

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 29 initial private equity investments have been in tiny technology-enabled companies.

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