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Advanced Energy Industries, Inc.
Frost & Sullivan honors AE with its North American Product Innovation Award
EE Times recognizes AE with its Annual Creativity in Electronics (ACE) Award
FORT COLLINS, Colo., April 14, 2009—Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced that it has been recognized by both Frost & Sullivan and EE Times for AE's Solaron® platform of grid-tie, photovoltaic (PV) inverters for commercial and utility-scale installations.
Frost & Sullivan North American Product Innovation Award
Based on Frost & Sullivan's recent analysis of non-residential, grid-tie inverter markets, the research firm recognized the Solaron platform with a Best Practices Award—specifically, the North American Product Innovation of the Year Award.
G. Vimal Krishna Kumar, Frost & Sullivan Research Analyst for the power supplies market, noted "Advanced Energy's transformerless inverter represents a paradigm shift in the North American solar inverter market. The inverter brings significant benefits such as increased energy harvest, increased system reliability, simplified installation, management and best price to performance ratio in the industry."
Frost & Sullivan Best Practices Awards recognize companies across global markets for outstanding achievement and superior performance in leadership, technological innovation, customer service and strategic product development.
EE Times ACE Award
EE Times' panel of 15 judges from academia, industry and Wall Street selected this year's ACE award winners—including AE's Solaron inverter platform which received the Most Innovative Renewable Energy Award.
The EE Times Annual Creativity in Electronics (ACE) Awards honor the creators of technology who demonstrate leadership and innovation in the global industry and who shape the way people work, live and play.
The Solaron Portfolio
The Solaron portfolio is available in North America, Asia and the European Union. The platform includes 333 kW and 500 kW inverters with robust controls, patented, soft-switching technology, NRTL-certification to UL 1741, wide MPP (maximum power point) tracking window as well as remote monitoring of the PV system from anywhere at anytime. The unique Solaron RPTTM (Remote PV Tie) accessory can reduce balance-of-system costs by allowing Solaron inverters to be up to 610 meters (2000 feet) from PV arrays, yet use fewer cables. Solaron service solutions deliver a lifetime of support—from installation verification and training, to warranty periods of up to 20 years through our SafeGuardSM customized support options.
To learn more about AE's expanding Solaron line of PV inverters, visit www.aesolaron.com.
About Advanced Energy
Advanced Energy is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Specifically, AE targets solar grid-tie inverters, solar cells, semiconductors, flat panel displays, data storage products, architectural glass and other advanced applications.
AE's solutions portfolio includes precise, flexible power systems; reliable gas and liquid flow-management systems; accurate thermal instruments and comprehensive global support services. Leveraging this portfolio and technology leadership, AE creates solutions aimed at maximizing process impact, improving productivity and lowering cost of ownership for its customers, including original equipment manufacturers (OEMs) and end-users around the world.
AE 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, AE is a publicly held company traded on Nasdaq Global Market under the symbol AEIS. For more information, go to www.advanced-energy.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 31 offices on six continents. For more information, go to http://www.frost.com.
About EE Times
EE Times is published by the CMP Technology Electronics Group, a subsidiary of United Business Media, which serves the technology industry. Each month, CMP delivers more than one million copies of its print publications to subscribers in more than 23 countries and to online visitors from 100 countries. For more information, see: http://www.eetimes-ace.com/winners.php and http://ubmtechnology.com.
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Advanced Energy®, RPTTM, SafeGuardSM and Solaron® are trademarks and service marks of Advanced Energy Industries, Inc.