For more information, contact:

Richard Beck Advanced Energy Industries 970/407-6204

Catherine Roberts Advanced Energy Industries 970/407-6732

Advanced Energy Industries Welcomes Two New Board Members

FORT COLLINS, COLORADO -- October 9, 1998 Advanced Energy Industries, Inc. (Nasdaq:AEIS) announces the appointment of Arthur Zafiropoulo and Gerald M. Starek to the Board of Directors. Messrs. Zafiropoulo and Starek join the Advanced Energy board as part of the completed acquisition of RF Power Products, Inc., announced yesterday.

 

Douglas S. Schatz, Advanced Energy’s Chairman and CEO, said, “We are extremely pleased to have these two well-known and respected leaders of the semiconductor capital equipment market as part of our board. Their experience will be invaluable in continuing the growth and branding of Advanced Energy in the global marketplace. We look forward to their contributions to the Company.”

Mr. Zafiropoulo, 58, has been the President of Ultratech Stepper, a manufacturer of lithographic equipment for the semiconductor industry, since October 1990. From February 1989 until he joined Ultratech, he was President of General Signal Semiconductor Equipment Group’s International Operations. Mr. Zafiropoulo was President of Drytek, a manufacturer of plasma etching equipment from July 1980 until February 1989. In addition, he was President of Kayex, a unit of General Signal, from July 1988 to June 1989. Mr. Zafiropoulo has served on the Board of Directors for RF Power Products since July 1992. He also is a director of Ultratech Stepper.

Mr. Starek, 55, a private investor, founded Silicon Valley Group, Inc. From September 1991 to April 1993, he served as Silicon Valley Group’s Vice Chairman and from September 1984 to September 1991, served as Silicon Valley Group’s Chairman. Mr. Starek has served on the Board of Director for RF Power Products since February 1994.

With the additions of Messrs. Zafiropoulo and Starek, Advanced Energy’s board increases to eight directors, four of whom are outside directors.

Advanced Energy Profile
Advanced Energy Industries, Inc. was founded in 1981 and is the 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 regarding Advanced Energy Industries via fax at no additional cost, simply dial 1-800-PRO-INFO, ticker symbol AEIS.