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Serveron Announces New Financial Services Division to Assist Utilities with Capital Purchases

Serveron Credit Corporation will provide capital leasing and financing options to Utility customers of any size

Hillsboro, OR ÷ April 17, 2002 ö Serveron Corporation announced today that the company has launched Serveron Credit Corporation to provide leasing and financing options to its customers. This service provides attractive lease and capital purchase options to utilities that are concerned with preserving capital expenditures and improving operational expenses. ãWith the addition of Serveron Credit Corporation, our company now offers yet another reason to monitor critical assets; we have removed a common barrier to large scale deployment of new technologies, namely capital budgets,ä said Jim Moon, CEO of Serveron. ãThe current economic environment allows us to offer very attractive terms and conditions for these services. Utilities of any size can now finance up to 100% of our hardware and software,ä said Moon. Companies can utilize TrueGas on line gas analyzers for transformers, Battery Cell Management systems for critical DC power systems, and outsource the surveillance of these devices to the Serveron Response Center without the traditional burden on capital budgets.

Serveron Credit Corporation offers two types of financial options: an operating lease and a capital lease. The Operating Lease includes several accounting benefits, such as not carrying the equipment on a balance sheet and being able to consider the lease payments as operating expenses (payments are also usually tax deductible). The Capital Lease offers customers the tax benefits of the interest portion of periodic payments and the option of taking depreciation on the equipment. For more information on how the Serveron Credit Corporation can help your company with implementing critical asset monitoring, visit our website at www.serveron.com.

About Serveron

Serveron Corporation was founded to help electric power utilities worldwide deliver reliable power at the lowest cost. Serveronâs innovative instrumentation, continuous monitoring services and Web-accessible data analysis promise to improve reliability and maintenance efficiency across the grid. Serveron offers battery monitoring and management systems (BCM 200), TrueGas on-site dissolved gas analyzers, and remote, on-line monitoring services for power utilities. More information can be found at www.serveron.com.