BELECKE, Germany--(BUSINESS WIRE)--AEG Power Solutions (AEG PS) and GCL-Poly Energy Holdings Limited, Hong Kong (GCL-Poly), signed a €36-million-euro contract at the end of 2010 for Thyrobox™ M power supply systems - AEG PS' latest modular solution. The agreement enables AEG PS to help GCL-Poly strengthen and expand its position as one of the leading polysilicon and wafer suppliers in the world.
AEG PS, 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. Headquartered in Hong Kong and operating primarily out of mainland China, GCL-Poly delivers high-quality, low-cost silicon products.
Thyrobox™ M is the world’s most compact power solution for polycrystalline silicon deposition process. Varying on the type of reactor used during the process, Thyrobox™ M's footprint is close to 25 percent smaller than previous Thyrobox solutions and up to 70 percent smaller than competing products. The system's 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-percent energy efficiency, the Thyrobox™ M solution delivers unprecedented performance, reliability and stability to polysilicon manufacturers worldwide.
After a steady market following a decline, the demand for polysilicon is showing signs of new growth, reflected by the number of new projects and capacity expansions launched currently on a global scale. For many years, AEG PS 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 honored that we have been chosen to contribute to GCL’s success,” states Gladwyn De Vidts, AEG PS’ vice president power control systems.
“About four 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, 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 www.gcl-poly.com.hk.
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).
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For more information: www.aegps.com