Hercules Announces Financing to Lilliputian Systems, a Developer of Next Generation Micro Fuel Cell Technology for Wireless Electronic Devices

Feb 08, 2006, 00:00 ET from Hercules Technology Growth Capital, Inc.

    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 info@herculestech.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.