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Advanced Energy Industries, Inc.
The Financial Relations Board
Advanced Energy 1999 Fourth Quarter Revenue Up 160 Percent Report Record Results for Fourth Quarter and Year
FORT COLLINS, CO (February 10, 2000)
-- Advanced Energy Industries, Inc. (Nasdaq NM: AEIS) today reported record financial results for the fourth quarter and year ended December 31, 1999. Advanced Energy is an industry-leading manufacturer of critical power delivery systems to original equipment manufacturers to make semiconductors, compact disks, data storage, flat panel displays, and emerging growth products. For the fourth quarter, revenues increased 160 percent to $58.6 million from $22.6 million for the fourth quarter of 1998. Fourth quarter revenues were up 15 percent from the $51.1 million reported for the third quarter of 1999.
About the Company
Founded in 1981, Advanced Energy Industries, Inc. is the leading manufacturer of power delivery systems that are critical in the manufacturing of semiconductors, data storage media, flat panel displays, and other products using thin-film technology. Within its comprehensive product portfolio of direct current (DC), low/mid-frequency and radio frequency (RF) power solutions, the Company sells products critical in applications ranging from compact disks, digital video disks, flat panel displays, the most popular logic semiconductor devices, among many other applications. The Company's stock is traded on the Nasdaq National Market under the symbol AEIS.
For more information, access Advanced Energy's web site at www.advanced-energy.com or for information via fax, at no cost, dial 1-800-PRO-INFO, code AEIS.