Serveron Corporation Receives $16.5 Million in Financing
Summary
Hillsboro, OR March 30, 2004 Serveron Corporation announced today that it has raised an additional $9 million for its growth from a group of the nations leading energy venture capital investors. "Serveron-developed technologies in our power transformer and battery management systems enable users to avert electrical outage-producing failures and associated problems, while extending the life and value of critical assets," Mr. Tichelman added. "While we have focused on our large domestic market, "he said, "we have received substantial interest from energy companies around the world, and our international installed base is growing even more rapidly than we had expected." Serveron Corporation develops, manufactures, sells, and supports innovative products that enable power-generating companies to deliver and industrial organizations to have a continuous, reliable supply of electricity. Founded in 2001 and headquartered in the greater Portland (Oregon) area, Serveron serves major utilities and other industrial companies in the United States and around the world.
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