For more information, contact:

Richard Beck
Advanced Energy Industries
Catherine Roberts
Financial Relations Board/San Francisco

Advanced Energy Industries Promotes Dave Smith to Vice President and Corporate Controller

FORT COLLINS, Colorado (April 8, 1998)—Advanced Energy Industries, Inc. (Nasdaq:AEIS) today announced the promotion of David Smith to the new position of Vice President and Corporate Controller.


Mr. Smith, 45, has been with Advanced Energy for nine years, serving as Controller for the last seven years. During this time, in addition to being responsible for worldwide financial reporting, Mr. Smith aided in the implementation of the Company’s recently installed enterprise reporting system. He was also responsible for setting up subsidiaries in England and Korea and the financial reporting systems for those subsidiaries. He has responsibility for tax reporting and risk management as well. Mr. Smith is a certified public accountant.

Richard P. Beck, Vice President, Chief Financial Officer at Advanced Energy, said, “Dave has done an exemplary job while serving as Controller and has made substantial contributions to the corporate accounting function. He will continue the integration of our enterprise-wide financial reporting system with our subsidiaries, which we plan to complete this year. We look forward to Dave’s continuing contributions as the Company pursues its growth strategy.”

About the Company
Advanced Energy Industries, Inc. was founded in 1981 and 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) solutions, the Company sells hundreds of different products critical in applications ranging from compact disks, digital video disks, flat panel displays, the most popular logic semiconductor devices, among many other applications. The Company’s stock is traded on Nasdaq under the symbol AEIS.

For more information, access Advanced Energy’s web site at or for information via fax, no cost, dial 800-PRO-INFO, code AEIS.