For more information, contact:

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

Janet Nelson Financial Relations Board 415.986.1591

Advanced Energy Announces New President for Japanese Subsidiary

FORT COLLINS, CO (May 10, 2000) - Advanced Energy Industries, Inc. (NASDAQ: AEIS) today announced that it has appointed industry veteran Shunsuke Sugao to serve as President of Advanced Energy Japan. Mr. Sugao will be responsible for the oversight of all operations for the company's Japanese subsidiary. He will replace Jim Gordley, Corporate Vice President of Sales who has served as interim President over the past year.

 

Opened in 1987, Advanced Energy Japan provides sales, service and applications engineering in Japan. In recent years, the Japanese subsidiary has achieved double-digit revenue growth.

"We are very excited to welcome Mr. Sugao to Advanced Energy Japan," said Jim Gordley.. "His extensive background in operations, marketing and sales will be invaluable as we move forward with our planned expansion of product offerings for Japan, particularly in the radio frequency (RF) power supply area," he added.

Mr. Sugao has over 15 years experience in the industry. He joins Advanced Energy from Varian where most recently he served as Director of Sales for Japan for the Vacumn Products Division. During his tenure with Varian, Mr. Sugao also served as Area Manager of the Far East and South Asia, during which time he established a network of dealers and distributors in South Asia and Japan. Mr. Sugao earned his bachelor's degree in economics from Kanagawa University in Japan.

About the Company
Founded in 1981, Advanced Energy Industries, Inc. is a leading manufacturer of power delivery systems that are critical in the manufacturing of semiconductors, data storage media, flat panel displays, and other products using thin-film technology. Within its comprehensive product portfolio of direct current (DC), low/mid-frequency and radio frequency (RF) power solutions, the Company sells products critical in applications ranging from compact disks, digital video disks, flat panel displays, the most popular logic semiconductor devices, among other applications. The Company's stock is traded on the NASDAQ National Market System 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, including the achievement of goals established by the Company to improve revenue, continued sales growth in non-semiconductor areas such as continued revenue growth from customers in Japan, and other risks 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 web site at www.advanced-energy.com or for more information via fax (at no cost), dial 1-800-PRO-INFO, code AEIS.