Utility asset monitoring company lands $16.5 million in venture capital

June 26, 2001–Serveron Corp., a company that provides equipment and services to monitor the condition of electric utility substation equipment, announced late last week that it has received venture capital financing totaling $16.5 million. The financing will be used primarily for research and development, manufacturing, sales and marketing, and technology-related strategic acquisitions.

ANNAPOLIS, Md., June 25, 2001 — After falling beneath 90 million tons in 2000, production in the Illinois Basin will rebound to more than 100 million tons this year, and “barring major labor unrest or mine disasters,” it is poised to expand to as much as 117 million tons in 2002.

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