Advanced Energy Announces Plans to Expand in Fort Collins and Denver
FORT COLLINS, Colo., Oct. 25, 2018— Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced plans to increase its presence and activities across the Colorado Front Range.
Advanced Energy plans to expand and modernize its Fort Collins facilities and laboratories by creating a state-of-the-art R&D, engineering and service hub. The company will also continue its investments in local business development and innovation through its strategic partnerships with organizations such as Innosphere, support of higher education programs such as CSU’s Supply Chain Management program and talent development programs in partnership with local community colleges.
“Advanced Energy has long been a key member of the Northern Colorado business community,” said David May, president and CEO of the Fort Collins Area Chamber of Commerce. “The company’s continued investments play a significant role in the development of Fort Collins. We look forward to their continued partnership in our strategic initiatives, including our Northern Colorado Prospers initiative, a five-year program designed to address the transportation, labor force, business environment and business expansion challenges facing our community.”
In addition to its Northern Colorado expansion plans, AE has also invested in a Denver facility. The company has signed a lease to inhabit the top two floors of the EPA Region 8 building downtown where it plans to house more than 100 of its corporate and management employees over the next two years, further expanding its presence across the Front Range.
“Over the last four years we have grown our Fort Collins organization to more than 450 employees,” said Yuval Wasserman, president and CEO at Advanced Energy. “As a multinational company born and raised in Colorado, we call both Fort Collins and Denver home, and we aspire to be a reliable partner and a source of support that will grow alongside our communities as we continue to execute on our business strategies.”
About Advanced Energy
Advanced Energy (Nasdaq: AEIS) is a global leader in the design and manufacturing of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. AE’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial manufacturing, telecommunications, data center computing server storage and healthcare. With engineering know-how and responsive service and support around the globe, the company builds collaborative partnerships to meet technology advances, propel growth for its customers and innovate the future of power. Advanced Energy has devoted more than three decades to perfecting power for its global customers and is headquartered in Fort Collins, Colorado, USA. For more information, visit www.advancedenergy.com.
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