Advanced Energy Unveils Recipients of 2024 STEM Scholarship Program

Rhea-AI Summary

Advanced Energy (Nasdaq: AEIS) announced the recipients of its 2024 STEM Scholarship Program. Three students, Anjali Murali and Soundarya Sivakumar from Colorado State University, and Kialie Malone from the University of Minnesota, Twin Cities, will each receive a $20,000 grant for tuition, professional mentoring, and an internship opportunity. This program, launched in 2021, aims to support students in pursuing careers in science, technology, engineering, and mathematics. The initiative has, to date, provided support to 12 students from five universities known for excellence in precision power electronics.

Positive

• Three students receive $20,000 scholarships.
• Recipients gain professional mentoring.
• Internship opportunities provided by Advanced Energy.
• Program aims to encourage careers in STEM fields.
• Scholarship program has supported 12 students since 2021.
• Partner universities have a reputation for excellence in precision power electronics.

Negative

• No financial data on how the scholarship program impacts the company's bottom line.
• No information on the overall ROI of the program for shareholders.
• Potential costs associated with mentoring and internship programs not disclosed.

Students from CSU and UMN each receive $20,000 scholarship grant, internship and professional mentoring

DENVER--(BUSINESS WIRE)-- Advanced Energy Industries, Inc. (Nasdaq: AEIS) – a global leader in highly engineered, precision power conversion, measurement and control solutions – announced three recipients of its 2024 Science, Technology, Engineering and Mathematics (STEM) Scholarship Program.

Anjali Murali and Soundarya Sivakumar, graduate students from Colorado State University (CSU), and Kialie Malone, undergraduate student from the University of Minnesota, Twin Cities, will each receive a $20,000 grant towards tuition expenses. They will also be provided with professional mentoring and the opportunity to apply their knowledge with hands-on experience of complex, real-world power and measurement applications during an internship at Advanced Energy.

“Advanced Energy’s scholarship program recognizes the importance of encouraging students who are pursuing future careers in STEM fields,” said Randy Heckman, Chief Technology Officer at Advanced Energy. “I want to congratulate this year’s cohort of recipients who have already demonstrated exceptional talents in their chosen fields. We are proud to be able to support them in the pursuit of their academic and career goals and their professional development.”

The annual STEM Scholarship Program was launched in 2021 with the aim of nurturing emerging talent and encouraging students pursuing studies in science, technology, engineering and mathematics. Since then, the program has provided financial support, mentoring and internship experience to 12 students from five partner universities with a reputation for excellence in the area of precision power electronics.

About Advanced Energy

Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications. With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA.

For more information, visit www.advancedenergy.com.

Advanced Energy | Precision. Power. Performance. Trust.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240606893457/en/

For press inquiries, contact:

Simon Flatt

Grand Bridges for Advanced Energy Industries, Inc.

aei@grandbridges.com

+1 415 800 4529

Source: Advanced Energy Industries, Inc.

FAQ

What is the value of the 2024 STEM scholarships awarded by Advanced Energy?

Each scholarship is valued at $20,000.

Who are the recipients of the 2024 STEM Scholarship Program?

Anjali Murali and Soundarya Sivakumar from Colorado State University, and Kialie Malone from the University of Minnesota, Twin Cities.

What additional benefits do the scholarship recipients receive besides the grant?

Recipients receive professional mentoring and internship opportunities at Advanced Energy.

When was Advanced Energy's STEM Scholarship Program launched?

The program was launched in 2021.

How many students have benefited from the STEM Scholarship Program since its inception?

A total of 12 students have benefited from the program.

What universities are involved in Advanced Energy's STEM Scholarship Program?

Five partner universities reputed for excellence in precision power electronics are involved.