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• Revenue of $112 million
• GAAP EPS of $0.17 per diluted share
• Non-GAAP EPS of $0.29 per diluted share
• Ended first quarter with $182 million in cash

FORT COLLINS, Colo., April 29, 2013—Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced financial results for the first quarter ended March 31, 2013. The company reported first quarter sales of $111.8 million compared to $113.0 million in the fourth quarter of 2012 and $105.8 million in the first quarter of 2012. Income from continuing operations was $6.8 million or $0.17 per diluted share. On a non-GAAP basis, income from continuing operations was $11.7 million or $0.29 per diluted share. The non-GAAP measures exclude, on an after tax basis, $2.0 million of intangible amortization, $1.8 million of stock-based compensation and $1.0 million of acquisition related costs. A reconciliation of non-GAAP income from continuing operations and earnings per share is provided in the tables below. The company ended the quarter with $182.3 million in cash and marketable securities, having grown cash by $10 million during the quarter.

"We began 2013 with a sound first quarter," said Garry Rogerson, CEO. "Having successfully established a highly efficient global distribution model, with localized R&D and streamlined manufacturing, we have laid the foundation for future growth. The recent acquisition of REFUsol positions our Solar Energy business for significant growth over the next two years by enhancing our product line, applications and geographic reach. While we expect this acquisition to be accretive in the next 12 months, we anticipate it to negatively impact earnings over the next 6 months. Together with the improving outlook for our Thin Films business, we are poised to achieve our aspirational goals."

Thin Films                                       

Thin Films sales were $61.8 million in the first quarter of 2013, a 15.8% increase from $53.3 million in the fourth quarter of 2012, and a 2.3% increase from $60.4 million in the first quarter of 2012. The increase was driven primarily by improvement in our semiconductor applications and healthy growth in flat panel display, along with increases across most of our other applications with the exception of thin film renewables.

Solar Energy                                                                                                                

Solar Energy sales were $50.0 million in the first quarter of 2013, a decrease of 16.1% from $59.6 million in the fourth quarter of 2012, and an increase of 10.1% from $45.4 million in the first quarter of 2012. In addition to first quarter seasonality, revenue from commercial applications was slower than anticipated due to some financing and permitting delays.

Income from Continuing Operations

Income from continuing operations for the first quarter was $6.8 million or $0.17 per diluted share, compared to income from continuing operations of $4.9 million or $0.13 per diluted share in the fourth quarter of 2012, and income from continuing operations of $0.8 million or $0.02 per diluted share in the same period last year. On a non-GAAP basis, excluding the impact of the items mentioned above, income from continuing operations was $11.7 million or $0.29 per diluted share, up from $8.9 million or $0.23 per diluted share in the fourth quarter of 2012.  

Restructuring Activities

With the recent acquisition of REFUsol, the company is undertaking a major restructuring to take advantage of additional cost saving opportunities. These activities will include the consolidation of certain facilities, product rationalization and further centralization of manufacturing. As a result, the company anticipates a second quarter restructuring charge of approximately $23 to $26 million, of which $20 to $23 million will be non-cash in nature. The total planned charges for this new initiative incurred over the next 9 months will be in the range of $30 to $35 million, of which $22 to $27 million will be non-cash in nature. We expect this restructuring to provide additional cost savings in the range of $18 to $20 million annually, including approximately $14 million of cash savings. The cost savings activities, along with those previously announced are expected to deliver annual savings of approximately $70 to $75 million by 2014. Completion of these activities will position us well to achieve our aspirational goals.

Second Quarter 2013 Guidance        

The company anticipates second quarter 2013 results from continuing operations to be within the following ranges:

• Sales of $132 million to $145 million
   
• Earnings per share of $0.10 to $0.20, excluding restructuring charges
   
• Non-GAAP earnings per share of $0.18 to $0.28

First Quarter 2013 Conference Call

Management will host a conference call tomorrow, Tuesday, April 30, 2013, at 8:30 a.m. Eastern Time to discuss Advanced Energy's financial results. Domestic callers may access this conference call by dialing 800-510-0146. International callers may access the call by dialing 617-614-3449. Participants will need to provide conference pass code 82302927. For a replay of this teleconference, please call 888-286-8010 or 617-801-6888, and enter the pass code 31564357. The replay will be available for two weeks following the conference call. A webcast will also be available on the Investor Relations web page at http://ir.advanced-energy.com.

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. 

This release includes GAAP and non-GAAP income and per share earnings data. Please note that beginning in 2013, Advanced Energy redefined its non-GAAP measures to exclude restructuring charges, acquisition –related costs, stock based compensation and amortization of intangibles. These non-GAAP measures are not in accordance with, or an alternative for, similar measures calculated under generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Advanced Energy believes that these non-GAAP measures provide useful information to management and investors regarding financial and business trends relating to its financial condition and results of operations. Additionally, the company believes that these non-GAAP measures, in combination with its financial results calculated in accordance with GAAP, provides investors with additional perspective. While some of these excluded items may be incurred and reflected in the company's GAAP financial results in the foreseeable future, the company believes that the items excluded from certain non-GAAP measures do not accurately reflect the underlying performance of its continuing operations for the period in which they are incurred. The use of non-GAAP measures has limitations in that they do not reflect all of the amounts associated with its results of operations as determined in accordance with GAAP and these measures should only be used to evaluate the company's results of operations in conjunction with the corresponding GAAP measures.

For additional information on the items excluded from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.

Forward-Looking Statements

The company's expectations with respect to guidance to financial results for the second quarter ending June 30, 2013, anticipated cost savings, market performance, future charges and other statements that are not historical information are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: the effects of global macroeconomic conditions upon demand for our products, the volatility and cyclicality of the industries the company serves, particularly the semiconductor industry, the acquisition of REFUsol including the successful integration of operations of REFUsol  and associated restructuring costs; the retention of key employees of REFUsol, expectations surrounding the benefits of the REFUsol  products, the total available market for 3-phase string solar inverters particularly in Europe, India and the United States, expectations regarding sales of the REFUsol  products, the continuation of feed-in-tariffs and other incentives in Europe and elsewhere, expectations surrounding REFUsol 's fabless manufacturing model, as well as the effects of global macroeconomic conditions upon demand for such products, the continuation of RPS (renewable portfolio standards), the timing and availability of incentives and grant programs in North America and Europe related to the renewable energy market, renewable energy project delays resulting from solar panel price declines and increased competition in the solar inverter equipment market, the timing of orders received from customers, the company's ability to realize benefits from cost improvement efforts including avoided costs, any restructuring plans and any inorganic growth, the ability to obtain materials and manufacture products, and unanticipated changes to management's estimates, reserves or allowances. These and other risks are described in Advanced Energy's Form 10-K, Forms 10-Q and other reports and statements filed with the Securities and Exchange Commission. These reports and statements are available on the SEC's website at www.sec.gov. Copies may also be obtained from Advanced Energy's website at www.advancedenergy.com or by contacting Advanced Energy's investor relations at 970-407-6555. Forward-looking statements are made and based on information available to the company on the date of this press release. As reiterated previously, aspirational goals and targets discussed on the conference call or in the presentation materials should not be interpreted in any respect as guidance. The company assumes no obligation to update the information in this press release.

PROVIDENCE, Rhode Island, April 23, 2013—Advanced Energy Industries, Inc. (NasdaqGM:AEIS) announced today that it will launch the Ascent^® DMS dual-magnetron sputtering accessory at the 56th annual SVC TechCon 2013 conference in Providence, Rhode Island. Sponsored by the Society of Vacuum Coaters, this event is the premier thin-films coating conference and exhibition in North America.

The Advanced Energy (AE) Ascent DMS series offers repeatable, tunable film parameters and lowers cost of ownership in large-area glass, solar, flat panel display, AMOLED display and other industrial, dual-magnetron sputtering applications. Designed to deliver 30 to 180 kW of bipolar power—with independent power control to each cathode—Ascent DMS units permit process engineers to customize duty cycle to the wear profile of each target. This enables increased target-erosion uniformity and full utilization of each cathode for longer campaigns. A controllable pulse rise feature offers significant advantages for producing more uniform and higher density films, while unique power-delivery options include selectable frequency, independent power-ratio regulation for each magnetron and power, current or voltage regulation.

Yuval Wasserman, president of AE Thin Films, said, “With a 32-year power-conversion heritage, Advanced Energy offers the most comprehensive PVD power portfolio in the industry. The Ascent DMS technology is an exciting power-conversion advancement that further refines process control and productivity for our customers in a way that will help shape new innovation in the long-established field of sputtering. Equally important for our customers, this technology offers significant long-term material savings, boosts yield and lengthens manufacturing uptime in order to bring superior yet affordable new products to market.” 

Advanced Energy will showcase the Ascent DMS product, along with its power-conversion and control solutions for reactive sputtering, metallic sputtering and cathodic arc deposition at the SVC exhibition. Display products will include:

• AE's recently acquired Solvix line of DC and pulsed-DC power supplies for thin-film sputtering and cathodic arc solutions
• Ascent^® AMS and Pinnacle^® Plus+ DC power-delivery systems, supporting a wide variety of thin-film coating applications
• Paramount^® RF power-delivery systems with pulsing and pulse synchronization, frequency tuning and a highly developed arc management system
• Navio^® digital matching networks for industrial applications, leveraging AE’s proven matching technology
• Sekidenko OR 400M optical fiber thermometers (OFT), delivering high-speed, multi-channel temperature and emissivity measurement and control across multiple processes and substrates

About Advanced Energy

For more information, contact:

FORT COLLINS, Colo., April 9, 2013—Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced it has acquired REFUsol Holding GmbH, a leading provider of three-phase string solar PV inverters for commercial applications. Three-phase string inverters are ideally suited for rooftop and potentially larger installations and are becoming one of the fastest-growing inverter applications worldwide. This acquisition is expected to accelerate Advanced Energy's Solar Energy revenue to greater than $400 million in 2014 and should be accretive to earnings in the next 12 months.

"The acquisition of REFUsol is one of the many strategic moves that we are taking to accelerate revenue growth and profitability," said Garry Rogerson, CEO. "The addition of the three-phase string inverters to our product line is very complementary, broadening our portfolio and extending our geographic distribution. Using our existing channel in North America and REFUsol's infrastructure in emerging territories including India, Asia, Mediterranean countries and Eastern Europe, we can more quickly gain access to and penetrate areas with the greatest growth prospects. Combined with our relentless focus on costs, we see this acquisition as instrumental to achieving our strategic goals and returning significant value to our shareholders."

Founded in 1997, REFUsol is a private company based in Metzingen, Germany. The company develops industry-leading three-phase string inverters for commercial customers across Europe and Asia. Its three-phase string inverter offerings range in size from 8kW to 24kW for the commercial market with leading efficiency ratings. REFUsol pursues a fabless production strategy in order to concentrate on its core competency of best-in-class technology and high quality products.

Under the agreement, Advanced Energy has acquired REFUsol for a purchase price of approximately €59 million in cash, after assuming €9 million of debt and reducing net working capital by €1.8 million. Additionally, there is the potential for an earn-out of up to €10 million, payable in a combination of cash and Advanced Energy stock, if certain stretch EBITDA goals for the combined Solar Energy business are achieved in the first 12 months after closing.

Conference Call

Forward-Looking Language

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.

• Staying Power: AE has focused on power-conversion systems for more than thirty years, beginning with DC, then expanding to include AC and RF power.  This legacy of firsts continues as we stay in front of next-generation processing challenges.
• Solutions that Evolve: AE supports customers – and industries – as they transition from one technology node to another, with power supplies that can change with them. For example, Advanced Energy helps define and refine how power is used to enhance plasma processing. Research and development engineers are focused solely on power conversion.
• Technology: AE is the leader in power conversion and controls because it weaves vast and deep experience into its technology. We simplify power conversion systems while increasing control and reducing complexity and cost.
• Service: AE provides warranty extension and service offerings throughout the product lifecycle. Some products have been serviced by Advanced Energy for more than 20 years. We’re true partners to our customers from the very start.

First Power and Light will use AE 75TX Solar Inverters for Solar Energy System at Mary Switzer Building

(Logo: http://photos.prnewswire.com/prnh/20120911/SF71211LOGO-b)

Originally built in 1939, the Mary Switzer building today houses the Department of Health and Human Services and Department of Education, among other government employees. The building was selected as a candidate for complete modernization as part of the American Recovery and Reinvestment Act of 2009 (ARRA or the "stimulus bill"), which included the installation of a solar power system to help produce clean, affordable solar energy and comply with the Office of Federal High-Performance Green Buildings' energy efficiency standards.

"At the direction of President Obama, federal agencies are looking for high-value, American-designed technologies that help reduce operating costs and minimize the government's environmental impact, and Advanced Energy, Solar Energy's AE 75TX inverters fit the bill," said Thomas Moore, vice president of the Construction Division at First Power and Light. "The robust design, integrated features and reliability of the AE 75TX solar inverter provides an unbeatable levelized cost of electricity (LCOE). We look forward to working with AE Solar Energy on this project as well as future projects, to help federal agencies and other organizations take advantage of solar power."

As evidenced in President Barack Obama's recent State of the Union address, the entire federal government is focused on embracing domestic sources of energy. And with the Department of Defense identifying climate change as a threat to national security, clean sources of renewable energy—like the solar energy system on the Mary Switzer building—are expected to be a cornerstone of this effort.

"AE is honored to be working with First Power and Light on this historic project to help meet the increasing demand from the U.S. government for sustainable energy at federal facilities," said Gordon Tredger, president for AE Solar Energy. "Our products and services continue to be a staple for solar project developers and financiers. We look forward to working with First Power and Light to help more federal, local and state agencies achieve their goals and reduce their dependence on fossil fuels."

Some of the American-made components used in the Mary Switzer building solar installation include:

• AE 75TX inverters made at Advanced Energy Solar Energy's manufacturing facility in Bend, Oregon.
• System racking components manufactured by Daetwyler in Huntersville, North Carolina.
• Solar modules manufactured at the Motech manufacturing facility in Newark, Delaware.

AE's solar energy business delivers highly reliable inverters, complementary BoS products, and robust O&M services that allow its customers to secure more solar projects and grow their business. AE Solar Energy enables utility-scale and commercial-scale solar project stakeholders to offer system owners a lower LCOE and confidence their PV system will deliver on long-term production goals. With more than 30 years of leadership in delivering innovative energy solutions, combined with a legendary reputation for customer service, AE is a trusted partner to solar project developers, EPC companies, financiers, and beneficiaries around the globe.

About Advanced Energy

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• Revenue of $113 million
• Non-GAAP EPS of $0.16 per diluted share
• Generated $19 million in cash during the fourth quarter
• Generated $111 million in cash during fiscal 2012

FORT COLLINS, Colo., Feb. 4, 2013—Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced financial results for the fourth quarter ended December 31, 2012. The company posted fourth quarter sales of $113.0 million compared to $117.5 million in the third quarter of 2012 and $112.5 million in the fourth quarter of 2011. Income from continuing operations was $4.9 million or $0.13 per diluted share. On a non-GAAP basis, income from continuing operations was $6.2 million or $0.16 per diluted share. The non-GAAP measures exclude a $2.0 million restructuring charge taken in the fourth quarter. A reconciliation of non-GAAP income from continuing operations and earnings per share is provided in the tables below. The company ended the quarter with $172.2 million in cash and marketable securities, having generated $110.8 million of cash during 2012.

"With the majority of our restructuring efforts successfully implemented and a strong financial and operational platform in place, we begin the year focused on driving revenue growth," said Garry Rogerson, CEO. "Demand for our large scale inverters in the North American market remains strong, and we continue to look at expansion opportunities. In our Thin Films business, we are beginning to see signs that point to recovery in some of our markets as the year progresses. Together, these market conditions position us well for 2014, as we remain committed to our 2014 aspirational goals and actively pursue both organic and inorganic opportunities."

Thin Films Business Unit

Thin Films sales decreased 6.1% to $53.3 million in the fourth quarter of 2012 from $56.8 million in the third quarter of 2012, and 2.0% from $54.4 million in the fourth quarter of 2011. Sales to the semiconductor market remained flat in the fourth quarter, while declines in the industrial and service markets offset the increases in flat panel display and solar panel equipment markets.

Solar Energy Business Unit                                                                                          

Solar Energy sales were $59.6 million in the fourth quarter of 2012, a decrease of 1.8% from $60.7 million in the third quarter of 2012, and an increase of 2.6% from $58.1 million in the fourth quarter of 2011. Demand for our products in the North American market remained solid despite the absence of year-end tax credits and incentives.

Income from Continuing Operations

Income from continuing operations for the fourth quarter was $4.9 million or $0.13 per diluted share, compared to income from continuing operations of $5.7 million or $0.15 per diluted share in the third quarter of 2012, and loss from continuing operations of $2.6 million or $0.06 per diluted share in the same period last year. On a non-GAAP basis, excluding the impact of the $2.0 million restructuring charge, income from continuing operations was $6.2 million or $0.16 per diluted share, down from $7.6 million or $0.20 per diluted share in the third quarter of 2012.

Restructuring Charge

The company incurred a $2.0 million charge this quarter related to the restructuring plan that was announced on September 28, 2011. During the quarter the company consolidated certain facilities and centralized other activities. 

Over time, existing cost savings along with other manufacturing cost savings initiatives and cost of goods improvements are currently expected to deliver annual savings of approximately $55 million by the end of 2014.

First Quarter 2013 Guidance           

The company anticipates first quarter 2013 results from continuing operations to be within the following ranges:

• Sales of $105 million to $115 million
• Non-GAAP per share earnings of $0.14 to $0.18

Fourth Quarter 2012 Conference Call

Management will host a conference call tomorrow, Tuesday, February 5, 2013, at 8:30 a.m. Eastern Time to discuss Advanced Energy's financial results. Domestic callers may access this conference call by dialing 800-591-6930. International callers may access the call by dialing 617-614-4908. Participants will need to provide conference pass code 45866756. For a replay of this teleconference, please call 888-286-8010 or 617-801-6888, and enter the pass code 87376844. The replay will be available for two weeks following the conference call. A webcast will also be available on the Investor Relations web page at http://ir.advanced-energy.com.

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. 

This release includes GAAP and non-GAAP operating income and per share earnings data. These non-GAAP measures are not in accordance with, or an alternative for, similar measures calculated under generally accepted accounting principles and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Advanced Energy believes that these non-GAAP measures provide useful information to management and investors regarding financial and business trends relating to its financial condition and results of operations. Additionally, the company believes that these non-GAAP measures, in combination with its financial results calculated in accordance with GAAP, provides investors with additional perspective. While some of these excluded items may be incurred and reflected in the company's GAAP financial results in the foreseeable future, the company believes that the items excluded from certain non-GAAP measures do not accurately reflect the underlying performance of its continuing operations for the period in which they are incurred. The use of non-GAAP measures has limitations in that they do not reflect all of the amounts associated with its results of operations as determined in accordance with GAAP and these measures should only be used to evaluate the company's results of operations in conjunction with the corresponding GAAP measures.

For additional information on the items excluded from one or more of its non-GAAP financial measures, refer to the Form 8-K regarding this release furnished today to the Securities and Exchange Commission.

Forward-Looking Statements

The company's expectations with respect to guidance to financial results for the first quarter ending March 31, 2013, anticipated cost savings, market performance, future charges and other statements that are not historical information are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: the effects of global macroeconomic conditions upon demand for our products, the volatility and cyclicality of the industries the company serves, particularly the semiconductor industry, the continuation of RPS (renewable portfolio standards), the timing and availability of incentives and grant programs in North America and Europe related to the renewable energy market, renewable energy project delays resulting from solar panel price declines and increased competition in the solar inverter equipment market, the timing of orders received from customers, the company's ability to realize benefits from cost improvement efforts including avoided costs, any restructuring plans and any inorganic growth, the ability to obtain materials and manufacture products, and unanticipated changes to management's estimates, reserves or allowances. These and other risks are described in Advanced Energy's Form 10-K, Forms 10-Q and other reports and statements filed with the Securities and Exchange Commission. These reports and statements are available on the SEC's website at www.sec.gov. Copies may also be obtained from Advanced Energy's website at www.advancedenergy.com or by contacting Advanced Energy's investor relations at 970-407-6555. Forward-looking statements are made and based on information available to the company on the date of this press release. The company assumes no obligation to update the information in this press release.

Leading Thin-Film Power Conversion Solutions Provide Superior Plasma Management in Etch and Deposition Processes

SEOUL, South Korea, Jan. 29, 2013—Advanced Energy Industries, Inc. (Nasdaq:AEIS) today introduced its Paramount^® 2 MHz power supply at SEMICON^® Korea 2013. The complete Paramount platform, which spans frequencies from 400 kHz to 60 MHz, provides enabling plasma management in complex thin-film processing environments. In sub 22-nm pulsing applications, the industry-leading Paramount RF pulsing provides synchronized, multi-frequency RF power to improve etch rate selectivity, substrate profile control and film uniformity in a wide operating window.

The 2 MHz mid-frequency addition completes the Advanced Energy (AE) Paramount suite of RF power delivery systems and satisfies the industry's exacting requirements for PECVD, dielectric etch and conductor etch applications. Its built-in ability to synchronize with other Paramount units simplifies power supply integration and operation across multiple frequencies, while its advanced pulsing features—such as user-selectable pulse and phase synchronization and sophisticated arc management—provide semiconductor tool manufacturers precise RF control to innovate at the sub-22 nm level and beyond.

Yuval Wasserman, president of AE Thin Films, said, "We expect the comprehensive Paramount product platform to become further established across the industry in etch and deposition processes—both in semiconductor, with the development of advanced materials and new device geometries, and in other thin-film processing applications. The common controls, measurement and advanced features facilitate process integration and optimization across multiple frequencies without the need for customization or complicated protocols. In addition, the Paramount's advanced pulsing technology, combined with our Navigator II matching network's tune-while pulsing capability, delivers exceptional plasma control."

Advanced Energy will showcase its broad line of industry-leading products and worldwide support for next-generation technologies at the SEMICON Korea exhibition, including:

• AE's Paramount RF power-delivery platform, including the new Paramount MF product;
• Navigator II digital matching network, incorporating tune-while-pulsing capability for highly stable plasma and smooth power delivery;
• Sekidenko optical fiber thermometers (OFT), delivering high-speed, multi-channel wafer temperature monitoring and control;
• Xstream^® remote plasma source with Active Matching Network™ for reliable chamber clean
• Ascent^® and Pinnacle^® Plus DC power supplies, featuring power operation up to 60 kW and supporting a wide variety of thin-films applications; and
• AE's recently acquired Solvix line of DC and pulsed DC power supplies for metallic and reactive thin-film sputtering and arc-bias solutions.

SEMICON Korea, co-located with LED Korea, will take place at the COEX Exhibition Center in Seoul, January 30 to February 1. To learn more about AE's featured products, please visit the company in Hall A, booth 2520, and the company's event website at http://www.advanced-energy.com/en/sck2013.html.

About Advanced Energy

For more information, contact:

FORT COLLINS, Colo., Jan. 22, 2013—Advanced Energy Industries, Inc. (Nasdaq: AEIS) will release fourth quarter and full-year 2012 financial results after market close on Monday, February 4, 2013. Management's quarterly conference call will be held on Tuesday, February 5, 2013, beginning at 6:30 a.m. Mountain Time / 8:30 a.m. Eastern Time.

To participate in the live conference call, please dial 800-591-6930 approximately five minutes prior to the start of the meeting, and an operator will connect you. International participants can dial 617-614-4908. Participants should provide the operator with the conference pass code, 45866756, which has been reserved for this call.

A live and archived webcast of the call will also be available on the company's website at www.advanced-energy.com on the Investor Relations Home Page. The archived webcast will be available at the same location approximately two hours following the end of the live event.

A telephone replay will be available for 14 days following the live webcast. To access the replay, dial 888-286-8010 or 617-801-6888 and enter pass code 87376844.

About Advanced Energy

FORT COLLINS, Colo., Nov. 15, 2012—Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced that it has acquired Solvix SA, a privately held company based in Villaz-Saint-Pierre, Switzerland. A manufacturer of power supplies for the surface treatment and thin films industry, Solvix brings plasma-based sputtering and cathodic arc deposition applications to AE's existing product portfolio. With its best-in-class arc detection and suppression technology, Solvix's product line will enhance AE's offerings in low power and pulsed DC products, allowing it to expand into new applications and serve a broader worldwide customer base. With the addition of Solvix's engineering site in Villaz-Saint-Pierre, AE will also establish a European engineering and development center for its thin-film industrial products business, in keeping with its strategy to move closer to its customers.

"This acquisition is an important step in our Thin Films growth strategy to expand beyond our traditional applications," said Yuval Wasserman, president of AE Thin Films. "Focusing on decorative and hard coating solutions, Solvix will join our Thin Films Industrial organization, complementing our existing product line with its technologically differentiated products. We believe this will strengthen Advanced Energy's competitive position worldwide, offering our customers a comprehensive DC power suite, while expanding our technology base to provide improved performance and address future thin-film deposition needs."

Forward-Looking Language

Statements in this press release, information discussed on the related analyst day presentation concerning the acquisition of Solvix SA and expectations related to the addition of its products to the company are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: the successful integration of  selected operations of Solvix SA and our expectations surrounding the benefits of the Solvix products; as well as the effects of global macroeconomic conditions upon demand for such products, the volatility and cyclicality of the industries the company serves, particularly the semiconductor industry and the industrial tribology and decorative coating  industry, the timing of orders received from customers, and unanticipated changes to management's estimates, reserves or allowances. These and other risks are described in Advanced Energy's Form 10-K, Forms 10-Q and other reports and statements filed with the Securities and Exchange Commission. These reports and statements are available on the SEC's website at www.sec.gov. Copies may also be obtained from Advanced Energy's website at www.advancedenergy.com or by contacting Advanced Energy's investor relations at 970-407-6555. Forward-looking statements are made and based on information available to the company on the date of this press release. The company assumes no obligation to update the information in this press release.

About Advanced Energy

Advanced Energy is a global leader in reliable power conversion solutions used in thin-film plasma manufacturing processes and solar energy generation. Founded in 1981, 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.

About Solvix

Solvix is the European specialist in electrical supply and generator units for high technology applications in the surface treatment and thin film industry. They are involved in two fields of application: i) the distribution on the market of the new MAGIX generators, exceptionally high in performance and ii) the development of complete turnkey systems, from preliminary feasibility study to after-sales service, including design and perfecting of prototypes. The systems and products supplied by Solvix, used in the process of high-tech surface treatment are characterized by their reliability and flexibility.