Advanced Energy Partners with Innosphere on Innovation Pipeline
May 11 2017 - 8:00AM
Advanced Energy Industries, Inc. (Nasdaq:AEIS), the global leader
in precision power conversion, announced that, as part of its focus
on innovation, the company is now collaborating with Innosphere, a
high-tech incubator supporting entrepreneurs building high-impact
science and technology companies. Advanced Energy® (AE®) has joined
Innosphere’s Corporate Partners Program which will unite Advanced
Energy with innovative startups and university-sponsored technology
development in Colorado.
Headquartered in Fort Collins, with sales, service and
manufacturing facilities located throughout North America, Europe
and Asia, Advanced Energy is a technology leader that enables
design breakthroughs and drives growth for leading semiconductor,
thin-film and industrial customers. For more than three decades,
the company has identified high-tech challenges, formulated patent
inventions and launched successful power, control and service
solutions. As an industry-leading enterprise, Advanced Energy can
help Innosphere startup businesses remove common obstacles, offer
technical assistance and financial resources and bring to market
new power electronics or related technologies that boost local
ingenuity and entrepreneurs.
Innosphere’s incubation program focuses on ensuring companies
are investor-ready, connecting them with experienced advisors and
making introductions to corporate partners.
“Our ability to fuel local innovation is good for our business
and good for the community,” said Yuval Wasserman, Advanced Energy
president and CEO. “Advanced Energy was a startup business 36 years
ago. Although we’ve grown into a global enterprise, we’ve
maintained our Fort Collins presence and entrepreneurial spirit. To
advance technology, to advance that inexhaustible IP and to tap
into the local talent pool is a unique opportunity that we approach
with responsibility and foresight. It will serve us all well in the
end.”
“Through our Corporate Partners Program, we hope to encourage
more innovation and inspire more entrepreneurs,” said Scott Sampl,
director of operations at Innosphere. “Advanced Energy’s success is
rooted in innovation, and the company has a wide-reaching impact,
including the ability to take innovations developed here in
Colorado around the globe. Our hope is that more companies like
Advanced Energy will model this approach to accelerate economic
development and advance technology.”
Advanced Energy introduced its first product in May 1981, a
high-performance power supply that revolutionized the semiconductor
industry. As the company’s IP, product lines and global presence
have grown, its objective has remained fundamentally the same: to
provide leading technologies that enable end-user and OEM customers
to innovate. The company has licensed and acquired several
technologies and businesses over the years, and it continues to
diversify its product portfolio, most recently with thermal and
high-voltage acquisitions. It continually reviews opportunities to
augment its innovation product pipeline.
About Advanced Energy
Advanced Energy (Nasdaq:AEIS) is a global leader in innovative
power and control technologies for high-growth, precision power
solutions for thin films processes and industrial applications.
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.
About Innosphere
Innosphere, founded in 1999, is a non-profit 501(c)(3)
technology incubator headquartered in Fort Collins with offices in
Boulder and Denver. Innosphere supports entrepreneurs building
potential high-growth companies in the industries of energy and
advanced materials, life sciences, digital health, hardware, and
enterprise software. Innosphere’s incubation program focuses on
ensuring companies are investor ready, connecting them with
experienced advisors, and making introductions to corporate
partners. Once accepted into the program, companies receive
customized development plans and ongoing support to ensure they’re
getting the know-how to raise the right kind of capital, and all
the resources to grow. www.innosphere.org
CONTACT:
Christina Liebman
Director, Corporate Marketing
Advanced Energy Industries, Inc.
+1.970.407.6444
Advanced Energy Industries (NASDAQ:AEIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Advanced Energy Industries (NASDAQ:AEIS)
Historical Stock Chart
From Jul 2023 to Jul 2024