Profile: Advanced Energy Industries Inc (AEIS.O)

AEIS.O on Nasdaq

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Advanced Energy Industries, Inc. (Advanced Energy), incorporated on September 1, 1981, designs, manufactures, sells, and supports power conversion products that transform power into various usable forms. The Company’s products enable manufacturing processes that use thin-film deposition for various products, such as semiconductor devices, flat panel displays, thin film renewables, and architectural glass. It operates in two segments: Thin Films and Solar Energy. The Thin Films business unit principally serves original equipment manufacturers (OEM) and customers in the semiconductor, flat panel display, solar panel, and other industrial capital equipment markets. The Solar Energy business unit focuses mainly on commercial and utility-scale solar projects and installations selling primarily to distributors, Engineering, Procurement, and Construction contractors (EPC’s), developers, and utility companies. In April 2014 the Company acquired HiTek Power Group (HiTek), a privately-held provider of high voltage power solutions. In August 2014, Advanced Energy Industries Inc acquired UltraVolt, Inc., privately-held provider of high voltage power solutions.

The Company’s solar inverter products support renewable power generation solutions for primarily commercial, and utility-scale solar projects and installations. The Company’s network of global service support centers provides a recurring revenue opportunity as it offers repair services, conversions, upgrades, and refurbishments to companies using our products. The Company also offers a range of operations and maintenance service plans that can be tailored for individual photovoltaic (PV) sites of all sizes. The Company’s products are used in diverse markets, applications, and processes, including the manufacture of capital equipment for semiconductor devices, thin-film applications for thin film renewables and architectural glass, and for other thin-film applications, including flat panel displays, data storage, and industrial coatings, as well as the commercial and utility-scale solar inverter markets.

Thin Films

The Company’s thin-film deposition power conversion systems include direct current (DC), pulsed DC mid frequency, and radio frequency (RF) power supplies, matching networks, Remote Plasma Sources (RPS) for reactive gas applications and RF instrumentation. These power conversion systems refine, modify, and control the raw electrical power from a utility and convert it into power that may be customized and is predictable and repeatable. The Company’s power conversion systems are primarily used by semiconductor, solar panel, and similar thin-film manufacturers, including flat panel display, data storage, industrial hard coating and ophthalmic optical coating equipment makers, and architectural glass manufacturers.

The Company’s thermal instrumentation products are used in the semiconductor industry, as well as the solar panel and light emitting diode (LED) industries, in order to provide temperature measurement solutions for applications in which time-temperature cycles affect material properties, productivity, and yield. The Company’s global support services group offers in-warranty and out-of-warranty repair services in the regions, in which it operate, providing the Company with preventive maintenance opportunities.

Solar Energy

The Company’s solar power inverters offer both a transformer-based and a transformerless advanced grid-tied PV solution for commercial and utility-scale system installations. The Company’s PV inverters are designed to convert renewable solar power, drawn from large and small scale solar arrays, into high-quality, reliable electrical power. The Company also offers integrated monitoring and performance measurement.

The Company competes with MKS Instruments, Inc. (MKSI), Comdel, Inc., Daihen Corporation, Kyosan Electric Mfg. Co., Ltd., Huttinger Elektronik GmbH, Comet Holding AG, New Plasma Products (NPP), Entech, Plasmart, SMA Solar Technology AG, Power-One, Inc., Schneider Electric SA, Siemens AG, ADTech, Lumasense Technologies, CI Systems, BASF, and Laytec GmbH.

Company Address

Advanced Energy Industries Inc

P: +1970.2214670
F: +1970.4075296

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