Advanced Energy(R) and SGEG Announce Agreement to Market Solaron(R) Inverters in China
October 28 2009 - 7:35AM
PR Newswire (US)
Strategic agreement with SGEG positions Advanced Energy to expand
Solaron inverter sales into China FORT COLLINS, Colo., Oct. 28
/PRNewswire-FirstCall/ -- Advanced Energy® Industries, Inc.
(NASDAQ:AEIS) announced today that it has entered into a strategic
alliance with Shanghai Guangdian Electric Group (SGEG). Through
this agreement, SGEG will market AE's expanding line of Solaron
grid-tie photovoltaic (PV) inverters in China. Based in Shanghai,
SGEG is a leader in the design, manufacturing, and marketing of
power electronics and power distribution products in China. With a
decade of successful experience with other US-based companies and
existing relationships with top Chinese utilities, SGEG is well
positioned to provide Advanced Energy inverters to companies in
China. (Logo:
http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO) "We are
delighted to enter into this strategic agreement with SGEG," said
Dr. Hans Betz, president and CEO of Advanced Energy Industries,
Inc. "AE's Solaron products and SGEG equipment provide the ideal
bundled power solution for solar project developers. Marketing AE's
Solaron line through SGEG's relationships and experience will
deliver world-class solar power products and service to the
expanding utility-scale market in China." SGEG's president and
chairman of the board, Dan Yan, remarked, "AE and SGEG are perfect
partners to capture the rapidly emerging Chinese solar utility
market. The synergies between SGEG's platform and AE's technology
will create powerful results for our customers." To learn more
about AE's Solaron inverter solutions during Solar Power
International 2009, visit
http://www.advanced-energy.com/en/SOLAR2009.html and the company in
booth #2360. To learn more about SGEG, please visit:
http://www.sgeg.cn/en/. About Advanced Energy Advanced Energy is a
global leader in innovative power and control technologies for
high-growth, thin-film manufacturing and solar-power generation.
Specifically, AE targets solar grid-tie inverters, solar cells,
semiconductors, flat panel displays, data storage products,
architectural glass and other advanced applications. AE operates in
regional centers in North America, Asia and Europe and offers
global sales and support through direct offices, representatives
and distributors. For more information, go to
http://www.advanced-energy.com/ This news release may contain
forward-looking statements that involve risks and uncertainties,
which may cause actual results to differ materially from the
statements made. Please refer to the company's SEC reports for a
listing of such factors. Advanced Energy® and Solaron® 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, Director, Global Marketing
Communications of Advanced Energy Industries, Inc.,
+1-970-407-6280, Web Site: http://www.advanced-energy.com/
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