3W Power/AEG Power Solutions Announces Its Annual Report is Scheduled to Be Published on April 29, 2013
LUXEMBOURG & ZWANENBURG, The Netherlands--(BUSINESS WIRE)--3W Power SA (Prime Standard, ISIN GG00B39QCR01, 3W9), the holding company of AEG Power Solutions B.V. (AEG PS), a leading global provider of power electronics systems and solutions for industrial power supplies and renewable energy, today announced updated timing for the publication of its 2012 annual report.
Following the Company’s March 20, 2013 ad hoc release, the Board of Directors and management of AEG Power Solutions have decided to publish the Company’s annual report on April 29, 2013, in line with the regulatory timeframe. As previously disclosed, issues stemming from the ongoing payment delays from a large European customer continue to be exacerbated by the current banking situation in Cyprus. Past-due amounts were received from the customer this week and the customer continues to assure AEG Power Solutions representatives that payments will continue as the situation in Cyprus stabilizes. Management at present still expects to collect on the outstanding amounts due.
Following the publication of its annual report, the Company will set the date for its annual shareholder’s meeting. The Company currently anticipates that this meeting will be held in June 2013.
About 3W Power/AEG Power Solutions:
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. The shares of 3W Power are admitted to trading on Frankfurt Stock Exchange (ticker symbol: 3W9).
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 units 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 (USPs), industrial power controller and DC-converter.
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 Power Solutions’ footprint is global including 17 subsidiaries and competence centers around the world, employing 1,600 employees.
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.
3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.
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