For more information, contact:
|Richard Roth, Vice President, Marketing
Advanced Energy Industries, Inc.
Advanced Energy® Establishes Manufacturing Line for RF Generators in South Korea
FORT COLLINS, Colo., June 24, 2010—Advanced Energy Industries, Inc. (NasdaqGM: AEIS), today announced that it has expanded its service facility and installed a new manufacturing line for its RF generator products, located in Sungnam City, South Korea. The company began shipping its first Korean-manufactured product, a high-power RF generator for the flat panel display industry, earlier this month.
Having begun sales and service operations in Korea in 1999, Advanced Energy will leverage its existing infrastructure and expand its presence in the region by increasing its local manufacturing capabilities to achieve better alignment with its Korean-based customers. With this new investment, Advanced Energy is well positioned for continued growth in this key market.
“The expansion of our local manufacturing capability complements our strong applications, sales and service presence in the region, better enabling our responsiveness and ability to reduce lead times and strengthen overall support for our Korean customers,” said Dr. Hans Betz, chief executive officer of Advanced Energy. “South Korea is one of the most technologically advanced countries in the world and is a hub for world-class technological innovation. Our new manufacturing line is indicative of the commitment we have to our customers in this key region. We expect to add additional products to this manufacturing line based on future market requirements and demand.”
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. 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.