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 Appoints Director of Investor Relations

FORT COLLINS, CO (June 7, 2000) -- Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced that it has appointed Catherine Kawakami to Director of Investor Relations, a newly created position. Richard Beck, Chief Financial Officer, said, "We are pleased to have Catherine on board to manage and direct Advanced Energy's investor relations program. Based on her previous experience in both investor relations and the semiconductor industry, she is the ideal candidate to drive the company's investor communication effort forward."

 

Ms. Kawakami has served in various investor relations positions over the past seven years. Most recently, she was the Manager of Investor Relations for E-LOAN, Inc. Prior, she was a Vice President at The Financial Relations Board/BSMG Worldwide where she managed investor relations programs for a number of companies within the semiconductor equipment industry. While there, Ms. Kawakami worked with Advanced Energy as an investor relations consultant for over four years.

About the Company
Advanced Energy is a global leader in the development, marketing, and support of technology solutions that are critical in the manufacture of semiconductors, data storage products, and flat panel displays as well as in applications that involve surface modification and process power control. Original equipment manufacturers (OEMs) and end-users around the world depend on AE products when plasma-based technology plays a central role in their manufacturing process. AE offers a comprehensive line of technology solutions including power conversion and control systems, process monitoring and control tools, ion-beam sources, dynamic temperature control products, and plasma abatement systems. AE technology solutions are sold and supported globally by direct offices, representatives, and distributors. Founded in 1981, AE is a publicly held company traded on Nasdaq under the symbol AEIS.

Safe Harbor Statement
Except for any historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, detailed from time to time in the Company's Securities and Exchange Commission reports, including the Company's Form 10-K and Forms 10-Q. The Company continues to be susceptible to fluctuations in quarterly and annual revenues and operating results and the volatility of the semiconductor and semiconductor capital industries. The Company assumes no obligation to update the information in this release.

For more information, access Advanced Energy's website at www.advanced-energy.com or for more information via fax (at no cost), dial 1-800-PRO-INFO, code AEIS.