Advanced Energy(R) Celebrates Its 25-Year Anniversary With New Product Launches
May 02 2006 - 8:00AM
PR Newswire (US)
AE(R) Facilities in Germany, the U.K., Japan, Taiwan, Korea, China
and the U.S.A. to Observe the May 5 Date With Local Celebrations
FORT COLLINS, Colo., May 2 /PRNewswire-FirstCall/ -- Advanced
Energy Industries, Inc. (NASDAQ:AEIS) this week celebrates the 25th
anniversary of the corporation. Enterprising co-founder and current
Chairman of the Board Douglas S. Schatz established Advanced
Energy, financing the business with a second mortgage. AE has since
grown into a publicly traded and globally recognized leader in
innovative power and control technologies that drive high-growth,
plasma thin film and nanotech manufacturing processes. AE serves
its customers across the globe with 18 facilities in seven
countries, including design and launch centers, a high-volume
manufacturing center and worldwide sales and support offices. In
addition, AE also serves our global customers through an expert
network of representatives, distributors and partners. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO ) AE
maintains a keen commitment to its customers and the industries it
serves, including the semiconductor, flat panel display, data
storage, solar cell, architectural glass and other advanced product
applications. Beyond award-winning technology, world-class support
centers and leading application expertise, AE plans to extend its
commitments to customers by launching new products into multiple
global markets over the next 12 months. These new products will
offer AE customers competitive advantages and complement the
company's existing portfolio of precise, flexible power systems;
reliable gas and liquid flow-management systems; accurate thermal
instruments; and global support services. To honor the talents and
contributions of all of AE's worldwide employees, each facility
will hold its own celebration on or around May 5. Dr. Hans Betz,
president and CEO of AE, stated, "While technology remains the
backbone of AE, our current culture emphasizes partnering with our
customers around the world to proactively understand and address
the issues critical to their success. This in turn will help grow
our business and our continued success." Historical Snapshot In
1981, Mr. Schatz invented AE's first commercial product, the IT
2500, which greatly improved on the competitively available
products. Mr. Schatz then leveraged the core technology in the IT
2500 to develop the MDX magnetron drive-a power supply more
reliable, more efficient and more than 10 times smaller than any
other commercially available power supply at the time. In 1983, the
MDX won Industrial Research and Development Magazine's prestigious
"R&D 100" award which honors the 100 most significant
inventions in the U.S.A. each year. Since then, AE has enjoyed a
25-year history of expansion with a lengthy list of technology and
business awards and commercial successes. The company posted sales
of $325.5 million for the full-year 2005. Historical Highlights
1981 Founded in Colorado, U.S.A. on May 5 1987 Japanese office
opened 1990 German office opened 1993 U.K. office opened 1995
Listed on Nasdaq 1996 Korean office opened 1998 RF Power Products
acquired 1999 Taiwan office opened 2000 China office opened 2001
Sekidenko acquired 2002 Aera(R) Corporation acquired 2002
Litmas(TM) acquired 2002 Dressler(R) acquired About Advanced Energy
Advanced Energy is a global leader in the development and support
of technologies critical to high-technology manufacturing processes
used in the production of semiconductors, flat panel displays, data
storage products, compact discs, digital video discs, architectural
glass and other advanced product applications. Leveraging a diverse
product portfolio and technology leadership, AE creates solutions
that maximize process impact, improve productivity and lower cost
of ownership for its customers. This portfolio includes a
comprehensive line of technology solutions in power, flow
management, thermal instrumentation and plasma and ion beam sources
for original equipment manufacturers (OEMs) and end-users around
the world. AE operates in regional centers in North America, Asia
and Europe and offers global sales and support through direct
offices, representatives and distributors. Founded in 1981, AE is a
publicly held company traded on the Nasdaq National Market under
the symbol AEIS. More information can be found at
http://www.advanced-energy.com/ Advanced Energy(R), AE(R), Aera(R),
Litmas(TM) and Dressler(R) are trademarks of Advanced Energy
Industries, Inc.
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO
http://photoarchive.ap.org/ DATASOURCE: Advanced Energy Industries,
Inc. CONTACT: Marna Shillman, Corporate Communication Manager,
+1-970-407-6280, , or Cathy Kawakami, Investor Relations Director,
+1-970-407-6732, , both of Advanced Energy Industries, Inc. Web
site: http://www.advanced-energy.com/
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