AEG-POWER-SOLUTIONS

AEG Power Solutions (FWB:3W9K), a global provider of power electronic systems and solutions for industrial power supplies and renewable energy applications, today announced it was chosen by Dalian Shipbuilding Industry Offshore Co., Ltd to secure its BT-4000 deep semi-submersible platform power supply with a customized solution based on AEG PS Protect 8 industrial UPS.

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Dalian Shipbuilding Offshore is one of the branch businesses of Dalian Shipbuilding Industry (DSIC) based in Dalian, in the province of Liaoning, China. The BT4000-type platform is a new deepwater semi-submersible rig designed by Bassoe Technology, a renowned specialist in engineering advanced floating offshore units. It comprises the functions of drilling, workover and well completion. This deep semi-submersible platform is used to drill oil offshore in regions with temperate waters like Brazil, the Gulf of Mexico, West Africa, or Southeast Asia. Water operation depth is between 200 and 2,400 meters, and maximum drilling/workover depth is 8,500 meters.

The project that AEG Power Solutions (AEG PS) will equip is intended to serve a new platform in Santos basin in Brazil, where oil is extracted under salt geological layers. Pre-salt oil is of good quality, although it is found in reserves that are in deep sea areas and under thick layers of salt, requiring this type of platform to extract it. Given the operating conditions, power supply is crucial and must be highly reliable, and must resist the corrosion generated by the maritime environment.
“The design of the solutions was a key factor in the decision of Dalian Shipbuilding to grant us this project,” explains Ever Guo, China Managing Director at AEG Power Solutions. “Our experience in engineering power supply for offshore platform was our strength, as well as the high reliability and the ruggedness of our products”.

AEG PS’ Protect 8, which represents the main part of this contract, is one of the most reliable UPS in its class. The system’s design is based on an innovative modular architecture, enhanced manufacturing processes, and ‘fit to specification’ concept, which ensures that each application gets exactly what it needs to guarantee optimal performance levels and to achieve world class performance.

AEG PS worked previously with Dalian Shipbuilding on two other drilling platforms: the BT-350 and AJ-46. The new type BT-4000 semi-submersible platform workover is more competitive than the former ones and has been designed to have on board all necessary equipment to drill pre-salt oil. It is well positioned and has significant market potential in the field of deep water oil and gas. Solutions will be delivered in January 2016.

The DSIC group was founded more than a century ago and is active in five industrial sectors: military project undertaking, shipbuilding, offshore equipment building, ship repair/ship scraping and heavy industrial project undertaking. Its yearly revenue is over 20 billion Yuan. It is a prime contractor company specialized in offshore engineering, construction, repair and conversion. Its main business covers jack-up/semi-sub drilling/production platform, drilling ship, FPSO, wind turbine installation vessel and other fixed and floating drilling or oil and gas production facilities.

About AEG Power Solutions
AEG Power Solutions (AEG PS) Group is a global provider of power electronics systems and solutions for all industrial and demanding commercial power requirements offering one of the most comprehensive product and service portfolios in the area of uninterruptible power supply and power management.

Thanks to its distinctive expertise bridging both AC and DC power technologies and spanning the worlds of both conventional and renewable energy, the company creates innovative solutions for next generation distributed power generation.

AEG Power Solutions Group is the sole subsidiary of the holding company 3W Power S.A. (WKN A114Z9) / ISINLU1072910919), based in Luxembourg. The Group is headquartered in Zwanenburg in the Netherlands. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9K).

For more information, visit www.aegps.com .

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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AEG Power Solutions
Email: claire.pairault@aegps.com
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