WARSTEIN-BELECKE, Germany--(BUSINESS WIRE)--Regulatory News:
AEG Power Solutions (AEG PS) (Amsterdam:3WP), global provider of power electronics and GT Advanced Technologies Inc., Merrimack, NH, USA signed on August 31, 2011 a frame agreement for the delivery of Thyrobox™ M power supply systems. The contract value remains undisclosed, but this frame agreement is one of the biggest single contracts in the AEG PS company history, and is a further proof of the long and successful partnership between the companies.
GT Advanced Technologies, Inc. (NASDAQ: GTAT), is a leading global supplier of polysilicon production equipment, crystalline ingot growth systems and related PV manufacturing equipment for the solar industry. The company is headquartered in Merrimack, NH (USA).
GT Advanced Technologies is integrating the Thyrobox™ M power supply systems as part of their turnkey solution for the SDR™ series of CVD reactors for the polysilicon manufacturing process. AEG PS’ power systems support GT Advanced Technologies in achieving the highest quality standard to deliver highly efficient and reliable production equipment for the production of ultra pure polysilicon material.
With its modular design, the Thyrobox™ M is the world’s most compact power solution for the production of polysilicon material. Depending on the type of reactor, its footprint is about 25% smaller than previous Thyrobox solutions, and up to 70% smaller than competing products. Installation, commissioning and maintenance costs for the entire energy supply as well as building costs are reduced thanks to its compact design. 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.
AEG Power Solutions has been one of GT Advanced Technologies’ premium technology partners for many years.
“Based on the good experience we already had in the past with AEG Power Solutions’ reliable and innovative products, we decided in favor of their Thyrobox M solution.” says Dave Keck, Vice President and General Manager of GT Advanced Technologies’ polysilicon division.
“We feel very honored that GT Advanced Technologies has chosen our power systems for their customer’s polysilicon manufacturing sites, proving our long and successful cooperation. Our aim is to supply premium quality products and service in order to support GT Advanced Technologies on their way to further growth,” “states Gladwyn De Vidts, AEG Power Solutions’ Vice President Power Control Systems.
About GT Advanced Technologies Inc.
GT Advanced Technologies, Inc. is a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets. The company's products and services allow its customers to optimize their manufacturing environments and lower their cost of ownership. For additional information about GT Advanced Technologies, please visit www.gtat.com.
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About AEG Power Solutions
AEG Power Solutions is a world provider of innovative premium power solutions. Backed by more than a century of innovation and customer service, AEG Power Solutions offers a full-range of highly reliable, cost effective solutions, from power conversion modules, solar inverters and solutions to high reliability UPS systems, industrial chargers and DC systems. 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 utility-scale renewable energy plants, polysilicon manufacturing process, power plants, offshore oil rigs or chemical refineries.
AEG Power Solutions activities consist of two complementary operating segments: Renewable Energy Solutions, gathering power controller systems and solar solutions and Energy Efficiency Solutions, dedicated to all infrastructure applications. Thanks to its distinctive expertise, bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company is uniquely positioned to benefit long-term from emerging demand for intelligent micro-energy grids.
3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01), based in Luxembourg, is the holding company of AEG Power Solutions Group. The Group is headquartered in Zwanenburg in the Netherlands. Shares and warrants of 3W Power are admitted to trading on NYSE Euronext, Amsterdam (ticker symbol: 3WP and 3WPW, respectively). Additionally, the shares are traded on the Frankfurt Stock Exchange (ticker symbol: 3W9)
For more information go to: www.aegps.com.
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