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Advanced Energy Industries, Inc.
Advanced Energy Industries, Inc.
Advanced Energy to Acquire Engineering Measurements Company: Adds Leading Flow Control Technology to Integrated Product Offering
Fort Collins, Colorado (July 6, 2000)
-Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced it has entered into a definitive agreement to acquire Engineering Measurements Company (Nasdaq: EMCO) in an exchange of stock. Engineering Measurements Company's (EMCO's) security holders will receive 900,000 shares of Advanced Energy common stock in the transaction, which is subject to approval by EMCO's stockholders and certain other conditions.
In addition to the Registration Statement and Proxy Statement/Prospectus, Advanced Energy and EMCO file annual and quarterly reports, Proxy Statements and other information with the SEC. You may read and copy any reports, statements or other information filed by Advanced Energy or EMCO at the SEC's public reference facilities, which are at the following locations:
450 Fifth Street, N.W.
Washington, D.C. 20549
Seven World Trade Center
New York, NY 10048
500 West Madison Street
Chicago, IL 60661
You may call the SEC at 1-800-SEC-0330 for more information about its public reference facilities. You also may obtain copies of Advanced Energy's or EMCO's filings, at prescribed rates, by writing to the Public Reference Section of the SEC at the Washington D.C. address above or by visiting the web site maintained by the SEC at www.sec.gov. Reports and other information regarding Advanced Energy and EMCO also may be read at the National Association of Securities Dealers at 1735 K Street, N.W., Washington, DC 20006.
In addition, you may obtain free copies of any of Advanced Energy's SEC filings, including the Registration Statement, by writing to Advanced Energy at 1625 Sharp Point Drive, Fort Collins, CO 80525, Attention: Richard P. Beck or by calling Advanced Energy's Investor Relations at 970-221-4670.
You may obtain free copies of any of EMCO's SEC filings, including the Proxy Statement/Prospectus, by writing to EMCO at 600 Diagonal Highway, Longmont, CO 80501, Attention: Investor Relations, or by calling EMCO's Investor Relations at 303-651-0550.
EMCO and its executive officers and directors may be deemed to be participants in the solicitation of proxies with respect to the merger from EMCO's stockholders. Information regarding these executive officers and directors, and a description of any interests that they may have in the merger, will be included in the Registration Statement and the Proxy Statement/Prospectus.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the companies' reasonable judgments with respect to future events, but are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Among the factors that could cause such different results are: the conditions to the merger, including approval by the EMCO stockholders, might not be met; the merger might not be completed for other reasons; we might not be able to integrate the companies' operations successfully; integration of the companies' operations could result in unanticipated costs or substantial diversion of management's attention; and the projections on which the companies relied to determine the advisability of the merger ultimately might not prove to have been accurate. These and other cautionary statements are detailed in Advanced Energy's SEC reports, including annual reports on Form 10-K and quarterly reports on Form 10-Q, and will be detailed in the Registration Statement and Proxy Statement/Prospectus. Free copies of these documents are or will be available from the SEC and the companies, as set forth above. Neither Advanced Energy nor EMCO assumes any obligation to update the information in this press release.