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Advanced Energy Industries
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FORT COLLINS, Colo., March 8 /Xinhua-PRNewswire/ -- Advanced Energy Industries, Inc. (Nasdaq: AEIS) today announced that its Aera(R) Transformer(TM) digital MFC has been awarded default-standard status on a new semiconductor platform by a major Japanese original equipment manufacturer (OEM). The Transformer family enables this leading OEM's equipment to run with optimal process flexibility and efficiency. This OEM's new semiconductor platform requires precise flow control for today's most advanced applications. The Transformer MFC earned default-standard status by out-performing competitive units. (Logo: http://www.newscom.com/cgi-bin/prnh/20030825/AEISLOGO ) This new platform will run today's most demanding applications, necessitating outstanding MFC response, accuracy, repeatability and exceptional reliability. During the rigorous process of qualifying for this new platform, the Transformer MFC consistently demonstrated higher mean-time-between-failure (MTBF) performance over non-Aera MFCs.
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Advanced Energy Industries Inc. recently opened a new 19,800-sf facility in Austin, Texas. The company adopted a "lean manufacturing" strategy which calls for an open floor plan between offices and manufacturing space. The facility includes 9,500 sf for manufacturing, 5,400 sf of office space, and another 4,900 sf reserved for future expansion. Advanced Energy is a high-tech company that designs, manufactures, and supports power conversion and control systems, process control instrumentation, and other related products used in semiconductor manufacturing.
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Management will host a conference call today, Wednesday, July 25, 2007 at 5:00 pm eastern daylight time to discuss Advanced Energy's financial results. You may access this conference call by dialing (888)-713-4717. International callers may access the call by dialing (706)-679-7720. For a replay of this teleconference, please call (800)-642-1687 or (706) 645-9291, and enter the passcode 7322751. The replay will be available through July 27, 2007. There will ... be a webcast available on the Investor Relations webpage at http://ir.advanced-energy.com.
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Management will host a conference call today, Thursday, August 30, 2007 at 4:15 p.m. eastern time to discuss Advanced Energy's updated outlook. You may access this conference call by dialing (888) 713-4717 and utilizing the passcode of #15360797. For a replay of this teleconference, please call (800) 642-1687 or (706) 645-9291, utilizing the same passcode. The telephonic replay will be available until 12 a.m. eastern time on August 31, 2007. There will ... be a webcast available on the Investor Relations webpage at http://ir.advanced-energy.com.
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Advanced Energy Industries Inc. lowered its fourth quarter revenue guidance. The company now expects revenue of approximately $84 million versus its previous guidance of $86 million to $90 million, as weakness in the semiconductor market continued. Based on the revised revenue guidance and other charges to operating expenses, the company expects fourth quarter GAAP EPS to be in the range of $0.07 to $0.08 versus its previous guidance of $0.12 to $0.14.
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On August 30, 2007, Advanced Energy Industries, Inc. issued a press release lowering its guidance for third quarter 2007 revenue. A copy of this press release is provided herewith as exhibit 99.1.
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