ADVANCED ENERGY CELEBRATES 30-YEAR ANNIVERSARY

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.