PALO ALTO, Calif., Feb 8 /PRNewswire-FirstCall/ -- Hercules Technology Growth Capital, Inc. (Nasdaq: HTGC), a leading debt and equity growth capital provider to technology and life science companies, announced on Jan. 26, 2006 it provided an undisclosed amount of debt financing to Lilliputian Systems, a developer of next generation micro fuel cell technology for wireless electronic devices. (Logo: http://www.newscom.com/cgi-bin/prnh/20050609/SFTH149LOGO ) "The lack of progress in battery technology is constraining advances in handheld electronic devices such as cell phones, PDAs and MP3 players. Because of these constraints, device developers are being forced to reduce functionality to conform to the limited power and energy of most batteries," said Roy Liu, managing director of Hercules. "Lilliputian Systems' fuel cells could offer more power and longer run times, which could eventually replace the multi-billion dollar market for rechargeable batteries and provide the basis for further development of handheld electronic devices." Lilliputian Systems, Inc. is developing a next generation micro fuel cell system for portable electronics and wireless applications. These fuel cells can provide a significantly longer run time than traditional batteries and are environmentally friendly. The company employs a proprietary MEMS-based technology developed by the founders at the world-class Microsystems Technology Laboratories at MIT. About Hercules Technology Growth Capital: Founded in December 2003, Hercules Technology Growth Capital, Inc. is a Nasdaq traded specialized finance company providing debt and equity growth capital to technology-related companies at all stages of development. The company primarily finances privately-held companies backed by leading venture capital and private equity firms and also may finance certain publicly-traded companies. Hercules focuses its investments in companies active in technology and technology-related industries such as computer software and hardware, networking systems, semiconductors, semiconductor capital equipment, information technology infrastructure, Internet consumer and business services, telecommunications, and life sciences. The company's investments are originated through its principal office located in Silicon Valley, as well as additional offices in the Boston, Boulder and Chicago areas. Providing capital to publicly traded or privately held companies backed by leading venture capital and private equity firms involves a high degree of credit risk and may result in potential losses of capital. For more information, please visit http://www.herculestech.com . Companies interested in learning more about financing opportunities should contact email@example.com or call 650-289-3060. About Lilliputian Systems: Lilliputian Systems, Inc. is developing a next generation micro fuel cell system for portable electronics and wireless applications. These fuel cells can provide a significantly longer run time than traditional batteries and are environmentally friendly. The company employs a proprietary MEMS-based technology developed by the founders at the world-class Microsystems Technology Laboratories at MIT. Forward-Looking Statements: The statements contained in this release that are not purely historical are forward-looking statements, which involve risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements may be identified by their use of forward-looking terminology such as "believes," "expects," "may," "should," "would," "will," "intends," "plans," "estimates," "anticipates" and similar words, and include, but are not limited to, statements regarding the expectations, intentions or strategies of Hercules Technology Growth Capital, Inc. For these statements, Hercules claims the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995. You should be aware that Hercules' actual results could differ materially from those contained in the forward-looking statements due to a number of risks and uncertainties affecting its business. Factors that may cause actual results to differ from forward-looking statements include Hercules' limited operating history as a business development company, the extent to which Hercules incurs debt to fund its investments, fluctuations in interest rates, the concentration of Hercules' investments in a limited number of emerging-growth or expansion stage technology-related companies, the illiquid nature of the securities Hercules' holds, the highly competitive market for investment opportunities in which Hercules operates and others discussed in Hercules' filings with the Securities and Exchange Commission. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-looking statements for subsequent events.
SOURCE Hercules Technology Growth Capital, Inc.