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Serveron Announces Addition to Management Team

Bart Tichelman named CEO, Nancy Floyd elected Chairman of the Board

Hillsboro, OR ÷ May 2, 2003 ö Serveron Corporation announced today that Bart Tichelman has been appointed to the position of CEO and Nancy Floyd, a Serveron board member and partner with Nth Power Technologies, has been elected Chairman of the Board of Directors. Nth Power Technologies is a San Francisco venture capital fund focused on energy related technologies and businesses. Jim Moon, who has held both the CEO and Chairman positions since the funding of the Company in 1999, will provide assistance to the Company in the areas of strategic planning and business development.

ãServeronâs patented technologies, established domestic and international customer base, and rapid growth have propelled the Company to a unique position in the electric utility industry,ä said Bart Tichelman. ãThe rapidity with which the Company has developed its products and services, and its reputation for quality and reliability has positioned the Company to grow quickly and dominate its market sector.ä Mr. Tichelman has previously held general management positions in the computer, telecom and power equipment industries.

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.

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*Serveron and TrueGas are trademarks of Serveron Corporation.


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