Firsthand Technology Value Fund Announces Record Quarterly Results

Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the “Fund”), disclosed today that Pivotal Systems, Inc. (“Pivotal”), a Fund holding since 2012, has announced results for the quarter ended September 30, 2016. Pivotal achieved record revenues and bookings in excess of $4 million, based on the accelerating adoption of the company’s Gas Flow Controller™ (GFC) technology by leading semiconductor companies. The company also noted that it already has received multiple repeat orders for its new line of High-Flow controllers (HFC), signifying rapid customer acceptance of the new products.