Harris & Harris Group Notes Cobalt Technologies and Rhodia Joint Development Agreement
Wednesday, August 1, 2012
Harris & Harris Group, Inc. (NASDAQ: TINY), an early-stage, active investor in transformative nanotechnology companies, notes the announcement by Cobalt Technologies and Rhodia, a member of the Solvay Group, that they will begin joint development and operation of a biobutanol demonstration facility in Brazil. This step is part of the development effort between the two companies to make progress toward the construction of commercial-scale biorefineries using Cobalt's technology to convert Brazilian bagasse and other local non-food feedstock into bio-based n-butanol in Latin America. Butanol is widely used as an industrial chemical found in paints, adhesives, inks, and other solvents. The full press release can be viewed at http://money.msn.com/business-news/article.aspx?feed=PR&Date=20120801&ID=15399545&topic=TOPIC_JOINT_VENTURES&isub=1.
Harris & Harris Group is an investor in Cobalt Technologies, Inc.
Detailed information about Harris & Harris Group and its holdings can be found on its website at www.HHVC.com.
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