3W Power/AEG Power Solutions announces its annual report is scheduled to be published on April 29, 2013
Friday, Apr 05, 2013
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.
Source: Business Wire
To access over 3,500 of the latest oil projects from across the world visit Projects OGP for free trial today