Advanced Energy Celebrates 30-Year Anniversary
May 17 2011 - 7:30AM
Business Wire
Advanced Energy Industries, Inc. (NasdaqGM: AEIS), a leader in
power conversion solutions, today announced it is celebrating 30
years in business. Founded in 1981 as a start-up idea introducing
switchmode power technology to the semiconductor processing market,
the company has consistently been a leader in power conversion
products used in thin-films manufacturing and renewable-energy
generation. In the past three decades, the company has shipped more
than 1.3 million products to a diverse customer base around the
world.
Dr. Hans Betz, chief executive officer of Advanced Energy, said,
“We are proud to celebrate this milestone in our company’s history.
It is a testament to our founders and the vision they set into
motion 30 years ago that we’ve successfully built upon their strong
foundation and heritage of technology leadership. Our commitment to
customers is demonstrated by the collaborative relationships we’ve
built over the years, and we continue to remain active participants
in their vision for the future. We have grown to become a global
company with over 1700 employees and annual sales of over $450
million, with a passion for technology that remains a cornerstone
of the Advanced Energy culture.”
Today, Advanced Energy is the market leader in DC and RF
thin-film power conversion for semiconductor, solar panel, flat
panel display, and data storage manufacturing. The recently
released VLSIresearch 2010 data highlights the company’s two-point
increase in served market share to 43 percent. Commenting on the
growth of the company’s position as the dominant supplier of power
conversion solutions, Dan Hutcheson, chief executive officer of
VLSIresearch, said, “Advanced Energy has established itself as a
premier supplier to the world’s largest equipment providers in the
most critical technology markets. The company has long been the
number one player in its served thin films markets, based upon
high-performance products and deep customer relationships that have
evolved with each technology generation.”
After entering the solar PV inverter market in late 2006, the
company’s acquisition of PV Powered in 2010 furthered its
penetration into the high-growth renewables market. According to
IMS Research, Advanced Energy was one of the top market share
gainers in 2010 in the global solar PV inverter market. “Advanced
Energy was the third highest market share gainer in the global
inverter market last year, and is well-positioned to capture
opportunities in 2011 based on the high-growth forecast for the
North American solar market,” said Ash Sharma, photovoltaics
research director at IMS Research.
Doug Schatz, chairman and co-founder of Advanced Energy, further
commented, “Thirty years ago, we set out to make a difference in
our industry – not just to build a company, but to have a real
impact on the way industries use power conversion. I am proud to
see the company continue its path of innovation, forging new growth
paths by fundamentally understanding how to drive progress in the
markets we serve. This milestone is a tribute to our employees, and
the talent and dedication they’ve contributed to AE’s past,
present, and future.”
AE Milestones
1981 Co-founded by Doug Schatz;
currently AE’s Chairman of the Board 1983 Launched first DC
power system for PVD sputtering 1984 Moved to new
headquarters with 25,000 square feet 1987 Opened location in
Japan 1990 Entered RF power delivery system market
1990 Opened location in Europe 1995 Initial Public Offering
on Nasdaq under trading symbol “AEIS” 1996 Opened location
in Korea 1998 Acquired RF Power Products to expand RF market
presence 1999 Opened location in Taiwan 2000 Acquired
Sekidenko, Inc. to enter thermal instrumentation market 2002
Acquired Dressler HF Technik Gmbh to further expand RF power
portfolio 2003 Opened volume production facility in
Shenzhen, China 2007 Launched Solaron® PV solar inverters
2010 Acquired PV Powered to expand inverter market presence
2010 Opened locations in Singapore and Canada 2011
Announced record revenues of $148.7 million for fourth quarter of
2010
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global
leader in innovative power and control technologies for
high-growth, thin-film manufacturing and solar-power generation.
Founded in 1981, Advanced Energy is headquartered in Fort Collins,
Colorado with dedicated support and service locations around the
world. For more information, go to www.advanced-energy.com.
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