AEG Power Solutions Receives EUR36 Million Order for Delivery of Power Supply Systems for Polysilicon Manufacturing Process

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Thyrobox™ M, AEG PS’s latest modular system, is the world’s most compact power solution for polycrystalline silicon deposition process.


AEG Power Solutions (AEG PS) and GCL-Poly Energy Holdings Limited, Hong Kong, signed at the end of 2010 a contract for Thyrobox™ M power supply systems to support GCL-Poly in achieving its goal to expand its position as one of the leading polysilicon and wafer suppliers in the world. The value of the contract totals €36 million.

AEG Power Solutions, wholly-owned by 3W Power Holdings S.A. (Euronext Amsterdam 3WP, Frankfurt 3W9, ISIN GG00B39QCR01, WKN A0Q5SX), is a global provider of premium power electronics. GCL-Poly is delivering high quality and low cost silicon products to the solar industry and is headquartered in Hong Kong with its principal business operations based in mainland China.

Thyrobox™ M, AEG PS’s latest modular system, is the world’s most compact power solution for polycrystalline silicon deposition process. Depending on the type of reactor, its footprint is about 25% smaller than previous Thyrobox solutions, and up to 70% smaller than competing products. The compact design reduces installation, commissioning and maintenance costs for the entire energy supply as well as building costs. With advanced process monitoring capabilities, a 0.95 power factor and more than 99% energy efficiency, the Thyrobox™ M delivers unprecedented performance, reliability and stability to polysilicon manufacturers worldwide.

After a decline and a steady period, the market for polysilicon is showing signs of new growth, reflected by the number of new projects and capacity expansions launched currently on a global base.

For many years, AEG Power Solutions has maintained excellent business relations with GCL-Poly and proved to be one of their premium suppliers and technology partners.

“The Chinese market, and especially the market for solar products, is growing quickly and remains one of our business focuses for the coming years. With the latest contract, GCL-Poly confirms the existing partnership and proves its confidence in AEG PS as one of their leading technology suppliers. We feel very honoured that we have been chosen to contribute to GCL’s success,” states Gladwyn De Vidts, AEG Power Solutions’ Vice President Power Control Systems.

“About 4 years ago, we started our cooperation with AEG PS, one of the top global power system technology suppliers. It is our strategy to work only with manufacturers that offer premium quality products. We are happy to reinforce our good relationship with AEG PS,” says Mr. Shu Hua, the Executive Director and President of GCL-Poly.

About GCL-Poly Energy Holdings Limited (stock code: 3800. HK) GCL-Poly Energy Holdings Limited is China’s largest polysilicon producer and one of the world’s leading wafer suppliers and also a top green energy enterprise in China. Annual polysilicon production capacity attained 21,000 MT at the end of 2010, and the quality of polysilicon products reached electronic grade level. The Group’s wafer production capacity already achieved 3.5 GW at the end of November 2010. In addition, the Group owns a 20MW solar farm in Xuzhou, Jiangsu province, which is currently the largest solar farm in China.

For more information about GCL-Poly, please visit the company’s website at

About AEG Power Solutions

AEG Power Solutions is a world-leading provider of premium power electronics. It offers one of the world’s most comprehensive product and service portfolios in power conversion and control, for customers spanning the infrastructure markets of energy, telecom, lighting, transportation and general industrial sectors. System solutions from AEG PS are designed to interface with the electrical power grid and to offer power solutions for mission-critical applications in harsh environments, such as power plants, offshore oil rigs, chemical refineries, and utility-scale renewable energy plants. The company has developed a full range of products for the solar energy industry, from solar inverters to turnkey solutions and is investing in solutions that will enable distributed power generation and smart micro-grids. Renowned for engineering excellence, the company’s customers benefit from 60 years of expertise and field-proven products.

AEG PS generated revenue of €400 million in 2009 with more than 1,500 employees around the world.

3W Power Holdings S.A. is the holding company of AEG Power Solutions Group. Shares and Warrants in the company are admitted to trading on NYSE Euronext, Amsterdam (ticker: 3WP and 3WPW, respectively). Shares are also traded on the Frankfurt Stock Exchange (ticker: 3W9).

This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.

3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.

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