Advanced Energy Appoints Amir Wachs to General Manager of Its New Israeli Subsidiary

Energy Industries, Inc. (Nasdaq: AEIS), a global leader in highly
engineered, precision power conversion, measurement and control
solutions, today announced the appointment of Amir Wachs to general
manager of its new Israeli subsidiary, as of June 17, 2018. In this
role, Wachs will serve as a key addition to the company’s global
leadership team and will initially focus on building a local
infrastructure, including setting up the facilities and developing a
strong local team to support and expand the company’s business in Israel.

This initiative marks AE’s significant efforts in securing a strong
presence in Israel to support the growth of its local semiconductor
business, while expanding the company’s reach into local industrial
verticals. The Israeli subsidiary will comprise select sales, design
engineering and local repair services, and aim to work closely with
customers and local technology centers including consortiums and
universities to drive innovation and business development.

“The Israeli subsidiary will become a hub of innovation for AE,” said
Yuval Wasserman, president and CEO at Advanced Energy. “Amir’s
appointment and the scope of his role will be instrumental in expanding
our reach into new markets and technologies while supporting the growth
of our existing local customers. We look forward to seeing the
organization in Israel take shape.”

Prior to joining AE, Wachs served for 17 years at Applied Materials
under several titles, including product line head and, most recently,
business development manager. It was as business development manager
that Wachs sculpted his focus on leading initiatives for new business
opportunities, as well as established fruitful business relationships
throughout local markets.

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
semiconductor and industrial manufacturing applications. 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.advanced-energy.com.

Advanced Energy | Precision. Power. Performance.

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