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Advanced Electron Beams Up $4 Million Financing

Wednesday, September 17, 2008 5:44:00 AM PDT | VentureDeal Staff

Wilmington, Massachusetts -- Energy company Advanced Electron Beams announced that it has secured $4 million in new venture capital financing.

Advanced has developed its AEB Emitter that captures electron beams to enable customers to utilize it as a clean energy source in industrial applications.

GE Energy Financial Services made the investment. The company did not disclose how it would use the funding proceeds.

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