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Advanced Energy celebrates 25 years in business

Advanced Energy Industries, Inc. (AE) celebrated the 25th anniversary of its foundation in the first week of May 2006. Co-founder and current Chairman of the Board Douglas S. Schatz established Advanc…

Advanced Energy Industries, Inc. (AE) celebrated the 25th anniversary of its foundation in the first week of May 2006. 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 leader in power and control technologies for plasma thin film and nanotech manufacturing. It has 18 facilities in seven countries, including design and launch centers, a high-volume manufacturing center and worldwide sales and support offices. In addition, the corporation also serves its worldwide customers including the semiconductor, flat panel display, data storage, solar cell, and architectural glass industries through a network of representatives, distributors and partners. AE plans to extend its commitments to customers by launching new products over the next 12 months. To honor the talents and contributions of all of AE“s worldwide employees, each facility held its own celebration on or around 5 May. Dr. Hans Betz, president and CEO of AE, said, “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”. The company posted sales of USD 325.5 million for the full-year 2005.

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