Advanced Energy Files Shelf Registration Statement FORT COLLINS, Colo., Nov. 17 /PRNewswire-FirstCall/ -- Advanced Energy Industries, Inc. announced today that it has filed a universal shelf registration statement with the Securities and Exchange Commission (the "SEC") on Form S-3 to register the offer and sale of up to an aggregate of $250 million of securities, which may consist of common stock or debt securities. (Logo: http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO ) The shelf registration statement provides flexibility for possible future sales of the registered securities by the Company when market conditions are favorable. To effect any such sales from time to time, the Company will file with the Securities and Exchange Commission one or more supplements to the prospectus, which will provide details of the proposed offerings. The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement is declared effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer of these securities will be made solely by means of the prospectus included in the registration statement and the prospectus supplement relating to that offering. 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, thermal management, plasma and ion beam sources, and integrated process monitoring and control 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. For more information, please visit our corporate website: http://www.advanced-energy.com/ . http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO http://photoarchive.ap.org/ DATASOURCE: Advanced Energy Industries, Inc. CONTACT: Mike El-Hillow, Executive VP, Chief Financial Officer, +1-970-407-6570, , or Cathy Kawakami, Director of Investor Relations, +1-970-407-6732, , both of Advanced Energy Industries, Inc. Web site: http://www.advanced-energy.com/

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