ZWANENBURG, Netherlands & BEIJING--()--AEG Power Solutions announced today that its Chinese subsidiary has signed a contract with SINOPEC LPEC (Luoyang Petrochemical Engineering Company) to provide all power supply equipment for the Atyrau refinery they are building in Kazakhstan. AEG PS will provide the back-up system, integrating 44 new modular UPS Protect 8 systems, as well as Protect RCS industrial chargers. The quality of AEG Power Solutions' products and engineering as well its expertise in powering complex applications with high efficiency and high reliability solutions were the determining factors in this decision.
SINOPEC LPEC is a high-tech company which operates as an EPC contractor and a technology licensor for Chinese energy and petrochemical industries. Founded in 1956 as Fushun Petroleum Design Institute and Luoyang Petroleum Refining Design Institute of the China Petroleum Ministry, SINOPEC LPEC is currently the leading company for refinery design and oil and gas engineering in China. It is now developing into one of the world's foremost engineering firms which integrates project engineering, EPC project contracting, research and development of petroleum refining processes, and equipment and licensing provision.
“This is first foreign oil and gas EPC contract with SINOPEC LPEC, it is a major milestone for us in the Chinese EPC market,” explained Barry Lim, Managing Director of AEG Power Solutions in China. ”With AEG PS UPS and chargers solutions, our customer and the end user will be confident that the refinery process is reliably powered, that they have high quality and robust systems, manufactured with premium, industrial-grade components built to withstand extreme weather conditions, high-temperature, seismic environments, and other environmental hazards where turbines need to operate.“
The new Protect 8, which represents the main part of this contract, achieves world class performance thanks to its certified manufacturing processes, zero failure policy and repeatable systems quality. The Protect 8 series includes heavy duty, double-conversion, single phase and three phase AC output, industrial UPS system, and standalone single phase and three phase DC/AC inverters as standard issue. The most reliable in its class, Protect 8 boasts an innovative modular architecture, enhanced manufacturing processes, and “fit to specification” concept so that each application gets exactly what it needs to guarantee optimal performance levels.
AEG PS brings years of expertise and its technology in the petrochemical industry to provide SINOPEC LEPC with a tailored solution that meets all of their refinery project's requirements, including the highest standards of reliability and quality.
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About AEG Power Solutions
AEG Power Solutions Group is a global provider of power electronic systems and solutions for all industrial power supplies and offers one of the most comprehensive product and service portfolios in the area of power conversion and power controlling. The two complementary operating business segments, Renewable Energy Solutions (RES) and Energy Efficiency Solutions (EES) are serving customers worldwide. The RES product and service portfolio consists of systems and solutions for solar power plants like solar inverter, monitoring and control systems as well as power controller. The EES product and service portfolio includes high performance uninterruptable power supplies (UPSs), industrial power controllers and DC-converters.
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 smart grids.
AEG PS global footprint includes17 subsidiaries and competence centers around the world and 1,700 employees.
AEG Power Solutions Group is headquartered in Zwanenburg in the Netherlands and is the sole subsidiary of the holding company 3W Power S.A. (WKN A0Q5SX / ISIN GG00B39QCR01).3W Power is registered in Luxembourg. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9) and the warrants are traded on NYSE Euronext, Amsterdam (ticker symbol: 3WPW).
For more information go to: 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.
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