FORT COLLINS, Colo., May 2 /PRNewswire-FirstCall/ -- Advanced Energy
Industries, Inc. (Nasdaq: AEIS) this week celebrates the 25th anniversary
of the corporation. Enterprising co-founder and current Chairman of the
Board Douglas S. Schatz established Advanced Energy, financing the business
with a second mortgage. AE has since grown into a publicly traded and
globally recognized leader in innovative power and control technologies
that drive high-growth, plasma thin film and nanotech manufacturing
processes. AE serves its customers across the globe with 18 facilities in
seven countries, including design and launch centers, a high-volume
manufacturing center and worldwide sales and support offices. In addition,
AE also serves our global customers through an expert network of
representatives, distributors and partners.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO )
AE maintains a keen commitment to its customers and the industries it
serves, including the semiconductor, flat panel display, data storage,
solar cell, architectural glass and other advanced product applications.
Beyond award-winning technology, world-class support centers and leading
application expertise, AE plans to extend its commitments to customers by
launching new products into multiple global markets over the next 12
months. These new products will offer AE customers competitive advantages
and complement the company's existing portfolio of precise, flexible power
systems; reliable gas and liquid flow-management systems; accurate thermal
instruments; and global support services.
To honor the talents and contributions of all of AE's worldwide
employees, each facility will hold its own celebration on or around May 5.
Dr. Hans Betz, president and CEO of AE, stated, "While technology
remains the backbone of AE, our current culture emphasizes partnering with
our customers around the world to proactively understand and address the
issues critical to their success. This in turn will help grow our business
and our continued success."
In 1981, Mr. Schatz invented AE's first commercial product, the IT
2500, which greatly improved on the competitively available products. Mr.
Schatz then leveraged the core technology in the IT 2500 to develop the MDX
magnetron drive-a power supply more reliable, more efficient and more than
10 times smaller than any other commercially available power supply at the
time. In 1983, the MDX won Industrial Research and Development Magazine's
prestigious "R&D 100" award which honors the 100 most significant
inventions in the U.S.A. each year.
Since then, AE has enjoyed a 25-year history of expansion with a
lengthy list of technology and business awards and commercial successes.
The company posted sales of $325.5 million for the full-year 2005.
1981 Founded in Colorado, U.S.A. on May 5
1987 Japanese office opened
1990 German office opened
1993 U.K. office opened
1995 Listed on Nasdaq
1996 Korean office opened
1998 RF Power Products acquired
1999 Taiwan office opened
2000 China office opened
2001 Sekidenko acquired
2002 Aera(R) Corporation acquired
2002 Litmas(TM) acquired
2002 Dressler(R) acquired
About Advanced Energy
Advanced Energy is a global leader in the development and support of
technologies critical to high-technology manufacturing processes used in
the production of semiconductors, flat panel displays, data storage
products, compact discs, digital video discs, architectural glass and other
advanced product applications.
Leveraging a diverse product portfolio and technology leadership, AE
creates solutions that maximize process impact, improve productivity and
lower cost of ownership for its customers. This portfolio includes a
comprehensive line of technology solutions in power, flow management,
thermal instrumentation and plasma and ion beam sources for original
equipment manufacturers (OEMs) and end-users around the world.
AE operates in regional centers in North America, Asia and Europe and
offers global sales and support through direct offices, representatives and
distributors. Founded in 1981, AE is a publicly held company traded on the
Nasdaq National Market under the symbol AEIS. More information can be found
Advanced Energy(R), AE(R), Aera(R), Litmas(TM) and Dressler(R) are
trademarks of Advanced Energy Industries, Inc.
SOURCE Advanced Energy Industries, Inc.