3W Power / AEG Power Solutions Listed Today in Frankfurt Stock Exchange Regulated Market – Gerhard Henschel Appointed CFO Amid Further Top Management Promotions

The shares of 3W Power Holdings S.A. started trading today in the Prime Standard of the Frankfurt stock exchange (Frankfurter Wertpapierbörse). Simultaneously, the Company, announced nominations of CFO, CTO and CSO after successfully issuing a €100 million bond to fund strategic repositioning

LUXEMBOURG--(BUSINESS WIRE)--

Regulatory News:

Gerhard Henschel (Photo: Business Wire)

3W Power Holdings S.A. (WKN A0Q5SX / ISIN GG00B39QCR01 / Ticker: 3W9). Dr Horst J. Kayser, CEO of 3W Power Holdings/AEG Power Solutions, the holding company of AEG Power Solutions Group, has opened the trading of the company shares on Regulated Market (Prime Standard) of the Frankfurt stock exchange (FWB) today.

This step comes after the Company has successfully placed a bond of €100 million to secure its long term funding for AEG PS’s growth strategy in the renewable energies market and the re-alignment of its business. 3W Power /AEG Power Solutions is consequently fulfilling at a quick pace the commitment that Dr Horst J. Kayser made at the end of August when disclosing its “Agenda 2012” program.

Also today, as part of this agenda, AEG Power Solutions announces the appointment of Gerhard Henschel, as Chief Financial Officer of the Group. The appointment takes effect on March, 1 2011. Mr Henschel will be then appointed as an executive director of 3W Power and AEG Power Solutions.

Gerhard Henschel, joins 3W Power /AEG Power Solutions from MAN SE, a leading European manufacturer of commercial vehicles, engines and mechanical engineering equipment, where he is currently Senior Vice President in charge ofoperating and strategic controlling of the group. In his new role, he will oversee AEG PS’s controlling, treasury and corporate finance functions, as well as legal, risk management & compliance and IT, and will lead Investor Relations.

Commenting on the appointment, Dr Horst J. Kayser, Chief Executive Officer of AEG PS and Executive Member of the Company’s Board of Directors, said, “Gerhard Henschel is an experienced executive with a strong track record in industry and finance. He combines broad capital markets expertise with in-depth controlling knowhow, which will help to focus even more on financial performance and to position the company successfully in the financial markets now that our shares are listed on the Prime Standard in Frankfurt. I look forward to working with him and I know that AEG PS will greatly benefit from his competence as we continue to advance the Company’s growth strategy.”

In addition, AEG Power Solutions announced the promotions of Gladwyn de Vidts and Dr. Peter Wallmeier to the positions of Chief Strategy Officer (CSO) and Chief Technology Officer (CTO) of the Group, respectively.

Currently Vice President of AEG PS’s Power Control Systems strategic business unit, Gladwyn De Vidts will retain this responsibility in his new role, which takes effect on January 1, 2011. As CSO, he will succeed Robert Huljak, who is retiring at the end of December. Dr Wallmeier’s promotion as Chief Technical Officer takes effect on December 1, 2010. He retains his duties as R&D Director for the Power Control Systems activity and succeeds Laszlo Lakatos-Hayward, who is leaving the Group.

Dr Kayser stated, "At AEG PS, we are very fortunate to be able to draw on significant internal talent and I am pleased to recognize that fact through these key promotions.The Power Control Systems business has been very successful under Gladwyn De Vidts’ leadership over the past five years and, during the polysilicon market downturn, he demonstrated he had the vision to experiment with new paths. As Chief Strategy Officer, his experience and talent will greatly contribute to AEG PS’s success and development as it follows the path initiated by Robert Huljak, from traditional power electronics into a leading energy efficiency and renewable energies business. Peter Wallmeier is a talented addition to the Company’s management team. In the two years since he joined the Company, he has driven the successful evolution of a number of products and managed the major technology breakthrough we announced last September with the Thyrobox^TM PI. His academic background, experience and ability to transform an idea into true innovation are major assets for a group like AEG Power Solutions, which is building its future on its technological leadership. I look forward to working with this talented team as we apply and accelerate AEG PS’s growth strategy.”

Gerhard Henschel, age 46, has been Senior Vice President Controlling at MAN SE for the past two years. Prior to joining MAN, he spent 10 years at Infineon Technologies AG. During his tenure at Infineon, he was notably Chief Financial Officer and Group Vice President of the Automotive, Industrial and Multimarkets division. He also served as Infineon’s Group Treasurer supporting the IPO in 2000. He joined Siemens AG in 1998 as Head of Debt Capital Markets. Prior to this move, he spent six years with the former Bayerische Hypotheken- und Wechsel-Bank AG (now HypoVereinsbank/Unicredito)and fulfilled a number of management roles in Germany and abroad. Born in Hamburg in 1964, Gerhard Henschel holds a degree as Master of Business Administration (MBA), bachelor of commerce (Diplom-Kaufmann) from the University of Hamburg.

Gladwyn De Vidts, age 41, has been Vice President of AEG PS’s Power Control Systems strategic business unit (then Saft Power Systems) since 2005. He began his career in 1993 with the Alcatel Group, where he held various positions in training, service and project management. Between 2000 and 2002, he directed the Strategic Development department of Saft Power Systems Group after which he became Managing Director of the German subsidiary until Saft Power Systems was spun off by Alcatel to private equity firm Ripplewood in 2005 to form AEG Power Solutions. Born in Belgium, Gladwyn De Vidts holds degrees in electrical engineering and aerospace engineering from the University of Ghent, Belgium.

Dr. Peter Wallmeier, age 43, joined AEG Power Solutions in 2008 as Director of Research and Development for the Power Control Systems strategic business unit. He began his career in 1994 as a project engineer at ZIAM GmbH, in charge of EMI (Electromagnetic Interference) simulation products. Between 1995 and 2000, while completing his PhD studies, he was a scientific assistant in the Power Electronics and Electrical Drives laboratory of the University of Paderborn. In 2000 he joined Infineon Technologies as a senior project engineer for their IGBT (Insulated Gate Bipolar Transistor) module development group. In 2001, he joined Ascom Energy Systems; moving in 2003 to Delta Energy Systems’ Custom Design Power Supply business unit. In 2006, he was named Director of R&D for the complete Custom Design Business Unit of Delta. Peter Wallmeier holds a degree in engineering and a PhD in electrical engineering, both from the University of Paderborn.

About 3W Power/AEG Power Solutions

3W Power Holdings S.A. is the holding company of AEG Power Solutions Group. Shares and Warrants in the company are admitted to trading on NYSE Euronext, Amsterdam (ticker symbol: 3WP and 3WPW, respectively). Additionally, the shares are traded on the Frankfurt Stock Exchange (ticker symbol: 3W9)

AEG Power Solutions is a world provider of premium power electronics. It offers one of the world’s most comprehensive product and service portfolios in power conversion and control, for customers spanning the infrastructure markets of energy, telecom, lighting, transportation and general industrial sectors. System solutions from AEG PS are designed to interface with the electrical power grid and to offer power solutions for mission-critical applications in harsh environments, such as power plants, offshore oil rigs, chemical refineries, and utility-scale renewable energy plants. The company has developed a full range of products for the solar energy industry, from solar inverters to turnkey solutions and is investing in solutions that will enable distributed power generation and smart micro-grids. Renowned for engineering excellence, the company’s customers benefit from over a century of expertise.

Headquartered near Amsterdam, AEG PS generated revenue of €400 million in 2009 with more than 1,500 employees around the world.

AEG Power Solutions became a public company in 2009 following a business combination with 3W Power Holdings Ltd. (formerly Germany1 Acquisition Ltd). Shares in the combined company are listed on the Frankfurt stock exchange (ticker: 3W9) and Euro next Amsterdam (ticker: 3WP).

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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Media RelationsClaire Pairault:
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orOliver ThompsonBurson-Marsteller
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Investor RelationsJeffrey CasperM: +31(0) 61 09 75 830
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Source: AEG Power Solutions