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Advanced Energy Industries, Inc.
Advanced Energy and Symphony Systems Establish Key Strategic Alliance with Yokagawa Electric Corporation
FORT COLLINS, Colo. and CAMPBELL, Calif. (July 16, 2001)—Advanced Energy Industries, Inc. (Nasdaq: AEIS), Symphony Systems and Tokyo-based Yokogawa Electric Corporation announced today the establishment of a key strategic alliance designed to strengthen the position of all three companies in the equipment engineering system (EES) market for improving equipment productivity.
Safe Harbor Statement
This press release contains forward-looking statements 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 volatility and cyclicality of the semiconductor and semiconductor capital equipment industries, the company's ongoing ability to develop new products in a highly competitive industry characterized by increasingly rapid technological changes, the possibility of unanticipated manufacturing and marketing costs associated with meeting the demands of the new relationship with Yokogawa Electronics Corporation, the company's ability to maintain an ongoing partnership with Symphony Systems, and other risks described in Advanced Energy's Form 10-K, Forms 10-Q and other reports and statements, as 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 by contacting Advanced Energy's investor relations at 970.407.6732. The company assumes no obligation to update the information contained in this press release.