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Our next company is going to be Advanced Energy Industries. We’ll lead off with Mr. Yuval Wasserman, President of the Thin Film business unit and from there we’ll share remarks from Mr. Danny Herron, Executive Vice President and Chief Financial.
So with that, I will turn it over to Yuval.
Good morning. Before we start, I’d like to look at the Safe Harbor slide for a second. Starting with background about the company, Advanced Energy is a 30 years old power conversion and control solutions company providing solutions for Thin Film processing and the Solar Energy market. In the Thin Film processing area, we provide the activation energy that is required to make some of the deposition of Thin Films and the etch processes possible.
We provide RF DC power supplies that we sell to equipment manufacturers around the world. For the market of the Solar Energy, we provide DC to AC inverters specifically targeted for the commercial and utility scale obligation. The company is build into two business units, I run the Thin Film business unit and Gordon Tredger runs the Solar Energy business unit. The company combined revenues of $500 million a year. We have a very strong balance sheet, nice position of cash and no debt.