'A new Advanced Energy plant is being built in Thailand'

Advanced Energy Industries, a global leader in high-tech solutions for energy conversion, measurement and management, announced a groundbreaking ceremony for a new state-of-the-art plant near Bangkok, Thailand. The new facility is the next phase in the global expansion of Advanced Energy's manufacturing capabilities, which is committed to supporting future revenue growth.

The new 500,000-square-foot flagship plant is expected to employ about 2,500 engineers, technicians and operators at full capacity and has the potential to generate up to $1 billion in revenue annually. The plant will focus on products for the semiconductor market. In the long term''There are also plans to manufacture products for industrial and medical applications at the facility.

"Our expansion in Thailand is an important part of our long-term strategy to improve operational efficiency and flexibility. With a strong transportation network, an established regional ecosystem of suppliers and contractors, and an experienced workforce, Rojana Laem Chabang, Thailand is an ideal location for our new flagship manufacturing facility," said Steve Kelly, president and CEO of Advanced Energy, during the ceremony.

The groundbreaking ceremony was attended by members of Advanced Energy's senior management, representatives from several AE customers, key suppliers and local partners, including representatives''Laem Chabang industrial zone where the plant is being constructed.

Advanced Energy Industries, Inc.

Further information can be found on the websitewww.advancedenergy.com.