AEG Power Solutions receives €36 million order for delivery of power supply systems for polysilicon manufacturing process

BELECKE, GERMANY: AEG Power Solutions (AEG PS) and GCL-Poly Energy Holdings Ltd, 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.

Gladwyn De Vidts, AEG PS’ vice president power control systems, said: “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.”

“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,” added Shu Hua, executive director and president of GCL-Poly.