For more information, contact:

Mike El-Hillow
Advanced Energy Industries, Inc.
970.407.6570
Cathy Kawakami,
Advanced Energy Industries, Inc.
970.407.6732
cathy.kawakami@aei.com

Advanced Energy Names Dr. Linda Capuano Chief Technology Officer
FORT COLLINS, Colo., Oct. 25—Advanced Energy Industries (Nasdaq: AEIS), a leading global provider of critical solutions used in the production of semiconductors, flat panel displays, data storage products and other advanced applications, today announced the appointment of Dr. Linda Capuano, 53, as senior vice president and chief technology officer. She will report directly to Doug Schatz, chairman and chief executive officer, and will oversee Advanced Energy's research and development and legal groups. Rich Scholl has served as the company's chief technology officer since 1988, and will work closely with Dr. Capuano during a transitionary period.

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Dr. Capuano brings to Advanced Energy over 25 years of management experience in a variety of functions in high tech companies. She spent 8 years at Honeywell, most recently as the corporate vice president of technology strategy. Prior to that, her roles spanned marketing, technology innovation, new business development and general business management. She also served as vice president of operations and chief financial officer at Conductus.

Dr. Capuano has both a Ph.D. in Materials Science and a M.S. in Engineering Management from Stanford University. She also has a M.S. in Chemistry and a B.S. in Chemical Engineering from the University of Colorado, as well as a B.S. in Chemistry from S.U.N.Y. at Stony Brook in New York. She sits on numerous boards, including the NASA National Technology Transfer Center Advisory Board. She is an associate of the National Academy of Sciences and chairs the National Academies' Committee on Assessing Vulnerabilities Related to the Nation's Chemical Infrastructure.

Doug Schatz, chairman and chief executive officer, said, "I am very excited to add Linda to our executive team. Her previous accomplishments and extensive experience will enable Linda to continue our heritage of being the innovative technology leader as she helps to identify new opportunities for AE."

Mr. Schatz added, "Rich Scholl has made tremendous contributions during his 16 years at Advanced Energy. I personally thank Rich for his expertise and partnership over the years as the company has grown in size and scope. He will leave behind a legacy of technology leadership that provides a very solid foundation on which to build into the future."

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, Advanced Energy 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, thermal control and plasma and ion beam sources, for original equipment manufacturers (OEMs) and end-users around the world.

Advanced Energy 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, Advanced Energy is a publicly held company traded on the Nasdaq National Market under the symbol AEIS. For more information, please visit our corporate website: www.advanced-energy.com.