Harris & Harris Group invests in NeoPhotonics

Fiber Optics Weekly Update, March 26, 2004

Harris & Harris Group, Inc. announced that it has invested $2 million in privately held NeoPhotonics as part of a venture financing of more than $40 million led by Oak Investment Partners and Institutional Venture Partners (IVP). The other largest investors in the round include Draper Fisher Jurvetson (DFJ), ATA Ventures, Rockport Capital Partners, Ventana Global Capital, Linkmore Limited and Alps Information Technology Fund.

NeoPhotonics recently introduced a new suite of optical components for access networks. The company is a developer and manufacturer of silica integrated optical modules and systems for telecom, datacom, FTTP, CATV and other markets.

Harris & Harris Group is a publicly traded venture capital company that makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and MEMS. The Company's last 13 initial private equity investments have been in tiny-technology enabled companies. The Company has 13,798,845 common shares outstanding.