Advanced Energy Launches New Scholarship Program to Increase Gender, Racial and Ethnic Diversity in STEM
November 17 2020 - 8:00AM
Business Wire
Diversity scholarships to cover tuition and provide
internships and professional mentoring for students from University
of Colorado, Colorado State University, Colorado School of Mines,
University at Buffalo and Rochester Institute of Technology
Advanced Energy Industries, Inc. (Nasdaq: AEIS) – a global
leader in highly engineered, precision power conversion,
measurement and control solutions – today announced the launch of
the Advanced Energy STEM Diversity Scholarship Program, aimed at
developing emerging talent and promoting greater ethnic, racial and
gender diversity in STEM (science, technology, engineering and
mathematics). The annual program will begin in the 2021 academic
year and will accept applications from undergraduate and
post-graduate students attending five leading institutions in the
field of power technologies: the University of Colorado, Colorado
State University, Colorado School of Mines, University at Buffalo
and Rochester Institute of Technology.
“In order to grow a workforce prepared to meet the challenges of
Industry 4.0, the global technology industry faces two significant
challenges: meeting the demand for qualified engineers and ensuring
a diverse workforce that brings new and differentiated
perspectives,” said Yuval Wasserman, chief executive officer at
Advanced Energy. “Our company is addressing these challenges
head-on with a program that develops students into workforce-ready
professionals by providing them with academic assistance, mentoring
and hands-on professional experience.”
In addition to providing a $20,000 grant toward the cost of
tuition, Advanced Energy’s STEM Diversity Scholarship will provide
all recipients with professional mentoring, hands-on experience and
the opportunity to work on real-world projects enabling customer
innovation in complex power conversion applications.
“We are excited to start mentoring the first group of diverse
and talented students seeking careers in electrical engineering,
physics and material science,” added Isabel Yang, senior vice
president and chief technology officer, Advanced Energy. “By
partnering with these universities, we are not only identifying
talent that will become the future technical leaders of Advanced
Energy, but also building collaborative relationships that will
create new growth opportunities for everyone involved and lead to
technological innovations that could drive change for industries
across the globe.”
The Advanced Energy STEM Diversity Scholarship program is open
to undergraduate students entering their second year and
post-graduate students seeking a master’s degree or Ph.D. Students
interested in being selected for the program are required to submit
a formal application by January 15, 2021.
To learn more about the submission and selection process, please
visit:
AE website: https://www.advancedenergy.com/stemscholarship
Scholarship brochure:
https://www.advancedenergy.com/globalassets/non-resource-library-assets/en-corp-stem-diversity-scholarship.pdf
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in the design
and manufacturing of highly engineered, precision power conversion,
measurement and control solutions for mission-critical applications
and processes. AE’s power solutions enable customer innovation in
complex applications for a wide range of industries including
semiconductor equipment, industrial, manufacturing,
telecommunications, data center computing and healthcare. With
engineering know-how and responsive service and support around the
globe, the company builds collaborative partnerships to meet
technology advances, propel growth for its customers and innovate
the future of power. Advanced Energy has devoted more than three
decades to perfecting power for its global customers and is
headquartered in Denver, Colorado, USA. For more information, visit
www.advancedenergy.com.
Advanced Energy | Precision. Power. Performance.
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Lora Wilson / Valerie Christopherson Global Results
Communications for Advanced Energy Industries, Inc.
aei@globalresultspr.com +1 949.306.0276
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