Advanced Energy Announces Its New State-of-the-Art Manufacturing Facility in Southeast Asia Is Now Operational

Global leader in power solutions expands footprint with new facility in Penang, Malaysia to serve semiconductor and industrial customers in a region known for its rich community of high-tech manufacturing experts

 

FORT
COLLINS, Colo. – Media
OutReach – 3 March 2020 – Advanced
Energy Industries, Inc. (Nasdaq:
AEIS) — a global leader in highly engineered, precision power conversion,
measurement and control solutions — announces that its newest facility in
Penang, Malaysia has begun commercial operations and started to deliver
products to our customers. Situated in the heart of Southeast Asia on the
country’s northwest coast by the Malacca Strait, the state of Penang has long served
as an important outlet to the markets of Europe and the Middle East, making it
an ideal location for Advanced Energy’s state-of-the-art manufacturing
facility.

“These are exciting times
for us as we expand in Southeast Asia to meet the region’s growing presence in technology
production,” said Neil Brinker, executive vice president and COO of Advanced
Energy. “With our global customer base and broad portfolio of precision power
products, we continuously evaluate ways to optimize our production footprint
and how to best serve our customers. The new facility in Penang will not only
enable us to get physically closer to many of our customers in the region but
also provide greater business continuity and redundancy.”

Advanced Energy’s new 178,000
square-foot facility will manufacture a variety of its precision power supplies
and generator products. When the factory is completed, it is expected to employ
approximately 550 on-site associates inclusive of key roles in operations,
electronics manufacturing, test engineering and new product introduction (NPI),
with an estimated 35 percent comprised of technical staff.

The Advanced Energy Penang
facility is located at: PMT 1112, Jalan Perindustrian Bukit Minyak 8; Taman
Perindustrian Bukit Minyak; 14100 Simpang Ampat; Pulau Pinang, Malaysia.

Advanced Energy has
devoted more than three decades to perfecting precision power, enabling design
breakthroughs and driving growth for the world’s leading semiconductor and
industrial customers. The multinational company, with worldwide operations,
provides power technology that enables the manufacturing of everyday products
in a variety of industries, including medical, automotive, consumer
electronics, glass, steel and others.

For more information, visit:
www.advancedenergy.com.

About Advanced Energy

Advanced
Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of
highly engineered, precision power conversion, measurement and control
solutions for mission-critical applications and processes. AE’s power solutions
enable customer innovation in complex applications for a wide range of
industries including semiconductor equipment, industrial, manufacturing,
telecommunications, data center computing and healthcare. With engineering
know-how and responsive service and support around the globe, the company
builds collaborative partnerships to meet technology advances, propel growth
for its customers and innovate the future of power. Advanced Energy has devoted
more than three decades to perfecting power for its global customers and is
headquartered in Fort Collins, Colorado, USA.

For more
information, visit www.advancedenergy.com.

Advanced
Energy | Precision. Power. Performance.