For more information, contact:

Richard Beck Advanced Energy Industries, Inc. 970.407.6204 dick.beck@aei.com

Cathy Kawakami Advanced Energy Industries, Inc. 970.407.6732 cathy.kawakami@aei.com

Advanced Energy Signs Partnership Agreement With Dressler^® HF Technik GMBH

Fort Collins, Colorado (November 30, 2000)—Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced it has entered into a Strategic Investment Agreement with privately-held company, Dressler^® HF Technik GmbH. Based in Stolberg, Germany, Dressler is a supplier of RF power solutions for plasma- based applications. The Agreement provides for an initial investment by Advanced Energy in Dressler with an option for Advanced Energy to make additional investments.

 

"Dressler's strong RF technology portfolio and highly specialized product family will further AE's presence in the semiconductor capital equipment, laser and medical technology markets by enhancing our current product offering," said Doug Schatz, Chairman and Chief Executive Officer of Advanced Energy. "The combination will add another dimension to our global infrastructure and will enable us to respond more quickly to our European customers with customized solutions and local manufacturing," said Mr. Schatz.

"We've known the management team at Dressler for many years, and we have always respected the company's proprietary technology niche in the RF power industry," continued Mr. Schatz. "Dressler has built a strong engineering group, led by Ulrich Hansen, who is recognized for his work in the RF technology field. We look forward to the important contributions this team will make to our existing R&D program as we continue to expand our technology lead."

"AE and Dressler both are regarded as the technology leaders in their respective markets. Dressler will keep its identity and customer relationships and with this alliance, we believe that we will be able to enter new markets and applications as related companies. The cooperation in product technology, production efficiency, logistics and worldwide service will help the partnership to lead the field in competitiveness," said Ulrich Hansen, Managing Director of Dressler.

"The cooperation of AE and Dressler creates an ideal environment for highly efficient development programs and production projects as both teams are known for their leading RF solutions," continued Mr. Hansen.