Bankrupt Inverter Co. Assets to Auction

March 11, 2003 [] Advanced Energy Systems, Inc., founded in 1995, designed, manufactured and installed Solar Powered Inverters. This past fall the company ran out of funding and filed for Bankruptcy. The company holds patents and rights to significant photovoltaic system designs. The company is located in Wilton, New Hampshire and will be liquidated in two phases. The first phase will be a Sealed Bid Auction for all of the intellectual and proprietary property, as well as the entire MM-5000 and GC-1000 component inventory. Sealed Bids are due Thursday, March 20, 2003 by 12:00 noon EST. The second phase will be a Public Auction of all other assets consisting of testing and design equipment, computer systems, solar panels and other facility equipment. The On-Site Auction will take place on Wednesday, March 26, 2003 at 10:00 a.m. EST. Auctioneer Paul McInnis can be reached at (603) 964-1301. Information about the products Advanced Energy Systems, Inc. designed and further auction information can be found at the links below.
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