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, announced that Powertronics has selected one of its power system solutions to secure power supply to the new automatic control systems it will provide to Egyptian National Railways. The current contract was signed for a first wave of over 300 Protect MIP DC rectifier/ chargers to be delivered within the next two years.
The Egyptian Ministry of Transportation has launched a major transformation program of its national operator, Egypt National Railways, which includes upgrades to its rolling equipment and rail infrastructure to improve user safety and service. To reach international technical standards, Egyptian railway level crossing control systems will shift from currently manual/ semi-automatic control to fully automatic control.
AEG Power Solutions’ Protect MIP 24V-50A battery chargers have been selected to supply the DC load to control and automatically open and close the barriers.
“When it comes to this type of application, security is highly at stake, so reliability of the system was our first concern when we selected our partner” explained, Mr. Alì Moustafa, Executive Manager at Powertronics. “We selected AEG Power Solutions based upon the high reliability of their product and their proven track record in transportation applications worldwide.”

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160317005618/en/

The Protect MIP rectifier/charger has state of the art switch mode technology and high reliability with N+1 redundancy. It is designed to be scalable, simple to use and with hot swappable rectifier modules, assures easy maintenance making it the solution of choice when reliability and reduced operational costs are at stake. The system is already in use in many critical applications such as rail, airport and utility infrastructures.

“This contract is also a mid-term partnership, which is of underlining importance for us” said, Alberto Dall’Asta, Managing Director in Italy who leads the cooperation between AEG Power Solutions and Powertronics.
“We have real expertise in power supply when safety is at stake and by working closely together with the customer, we identified the right solution for this critical application” explained, Daniela Antenori, Technical Sales Engineer, at AEG PS.

Powertronics is located at 10^th of Ramadan City, Egypt and provides power line monitors and critical railway safety systems.

# # #

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160317005618/en/

Contact:

Claire Pairault, Mobile: +33 6 19 60 91 64
Corporate Communications
AEG Power Solutions
Email: claire.pairault@aegps.com
or
Moustafa Ali, Mobile: +201093333435
Executive Manager
Powertronics For Engineering Systems
admin@powertronics-eg.com

Link:

ClickThru