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Advanced Energy Increases Growth Opportunities With Acquisition Of Three-Phase String Inverter Product Line

Conference Call

Management will host a conference call today, April 9, 2013, at 9:00 am Eastern Time to discuss the acquisition. Domestic callers may access this conference call by dialing 877-415-3178. International callers may access the call by dialing 857-244-7321. Participants will need to provide the conference passcode 45316563. For a replay of this teleconference, please call 888-286-8010 or 617-801-6888, and enter the passcode 32614870. The replay will be available through 11:59 pm Eastern Time, April 16, 2013. A webcast will be available on the Investor Relations webpage at http://ir.advanced-energy.com . Presentation slides will also be available prior to the conference call on the Investor Relations webpage at http://ir.advanced-energy.com

Forward-Looking Language

Certain statements in this press release, information discussed on the related conference call concerning the acquisition of REFUsol , the future business, operating and financial condition of the company and REFUsol , including expectations regarding the markets for 3-phase string solar inverters, entry into such markets, revenues, earnings, operating expenses, operating income, growth, profitability, restructuring costs, accretion, EBITDA targets, return of shareholder value, aspirational goals and expected synergies for future periods, strategic goals and any future strategic actions, and the achievement of milestones related to the earn-out under the Sale and Purchase Agreement are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to: the successful integration of operations of REFUsol  and associated restructuring costs; the retention of key employees of REFUsol ; expectations surrounding the benefits of the REFUsol  products; the total available market for 3-phase string solar inverters particularly in Europe, India and the United States; expectations regarding sales of the REFUsol  products; the continuation of feed-in-tariffs and other incentives in Europe and elsewhere; expectations surrounding REFUsol 's fabless manufacturing model; as well as the effects of global macroeconomic conditions upon demand for such products. These and other risks are described in Advanced Energy's Form 10-K, Forms 10-Q and other reports and statements filed with the Securities and Exchange Commission. These reports and statements are available on the SEC's website at  www.sec.gov . Copies may also be obtained from Advanced Energy's website at  www.advancedenergy.com  or by contacting Advanced Energy's investor relations at 970-407-6555. Forward-looking statements are made and based on information available to the company on the date of this press release. As reiterated previously, aspirational goals and targets discussed on the conference call or in the presentation materials should not be interpreted in any respect as guidance. The company assumes no obligation to update the information in this press release.

About Advanced Energy

Advanced Energy (Nasdaq:AEIS) is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Advanced Energy is headquartered in Fort Collins, Colorado, with dedicated support and service locations around the world. For more information, go to  www.advanced-energy.com
CONTACT: Danny Herron
         Advanced Energy Industries, Inc.
         970.407.6570
         danny.herron@aei.com
         
         Annie Leschin/Vanessa Lehr
         Advanced Energy Industries, Inc.
         970.407.6555
         ir@aei.com

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