Industry News

Harris and Harris Group Invests in Industrial Coatings Co.,HzO

Published on 2011-08-17. Author : SpecialChem

Harris & Harris Group, Inc., announced that it has invested $1,666,667 in HzO, Inc., as part of a $7 million Series B Preferred financing.

HzO, Inc., manufactures novel industrial coatings. The company is based in Salt Lake City, Utah. The HzO technology is a unique process to create a nanoscale coating that protects electronics against damage caused by exposure to water, which is the leading cause of lost function in electronics. The coating is transparent and can be applied to a variety of surfaces including plastic, metal and glass. In addition to water repellence, the coating can repel oils, synthetic fluids, hazardous materials, dust and dirt. HzO is planning to roll out its first HzO-coated consumer electronic devices with its partner ZAGG, Inc., in the near term, and integrate its technology in multiple industries including automotive, first responder devices, military devices and vehicles, solar energy, and industrial applications.

About Harris and Harris Group

Harris & Harris Group, Inc.®, is a publicly traded venture capital firm exclusively focused on investing in companies enabled by nanotechnology and microsystems. With over 30 nanotechnology companies in their portfolio, Harris & Harris Group, Inc., is one of the most active nanotechnology investors in the world. They consider a company to fit their investment thesis if the company employs, intends to employ or enables technology that they consider to be at the microscale, nanoscale or smaller and if the employment of that technology is material to its business plan. They are interested in funding entrepreneurs with energy, vision and the desire to build great companies.

Source: Harris and Harris Group, Inc.

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