RUSNANO News Sun, 21 Jan 2018 11:07:22 +0300 FEBRDF, RUSNANO and RVC Have Established the Fund to Support High-tech Projects in the Far East <h5>On 6 September 2017, within the framework of the Eastern Economic Forum, it was decided to sign the agreement on creation of the Far East Fund of the Development and Implementation of High Technologies. Signatures under the document have been affixed by the General Director of FEBRDF Alexey Chekunkov, Chairman of the Board of RUSNANO Anatoly Chubais, and the General Director of RVC Alexander Povalko.</h5> <p>The Fund is created following the instruction of the President of the Russian Federation Vladimir Putin with the aim of developing innovation system in the Far East, actively implementing advanced technologies and increasing the share of high-tech products in the GRP.</p> <p>The Fund will allow for combining the resources and capacities of several development institutions. The total budget of the Fund at the first stage will amount to 4.9 billion roubles. About 70% of the budget in equal shares will be invested by FEBRDF and RUSNANO, 30% will be contributed by RVC. The average amount of one investment in the venture stage projects will not exceed 100 million roubles, in the growth stage projects&mdash;1 billion roubles. The Fund will be incorporated in the form of the investment partnership, whereby RUSNANO will act as the managing partner (GP).</p> <p>The Far East already has a great number of modern enterprises with considerable experience in modern high-tech industries. The new Fund is tasked to assist them in their development through the attraction of additional capital in promising projects in such sectors as information technology, robotics, aviation, alternative energy, medicine and biotechnology, and the space industry.</p> <div class="img"><img alt="" src="" /> <p>From left to right: General Director of RVC Alexander Povalko, Chairman of the Board of RUSNANO Anatoly<br />Chubais, General Director of FEBRDF Alexey Chekunkov.</p></div> <p>&ldquo;The Russian Far East is a huge area with low population density. To ensure that people have ceased to go and to deploy the flow in the opposite direction is a non-trivial objective. One of the options to solve it: to find such projects, the implementation of which will result in creating high-tech jobs of interest to young, intelligent and active people. Such projects can be achieved both in cooperation with the enterprises of the Far East having sufficient technical capacity and with new partners considering the region as a springboard for further development,&rdquo; said the Chairman of the Board of MC &ldquo;RUSNANO&rdquo; <strong>Anatoly Chubais.</strong></p> <p>&ldquo;The Fund will mainly focus on projects under implementation in cooperation with the major technology product consumers operating in the Far East that highly demand for quality domestic innovation and deeply embedded in the regional economy. There are a considerable amount of such companies, and they welcome the emergence of the specially tailored &lsquo;innovative forces&rsquo; in the ecosystem of the region,&rdquo; said General Director of FEBRDF <strong>Alexey Chekunkov.</strong></p> <p>&ldquo;Today, we have created all conditions in the Far East for improving the investment climate and development of innovations: the region operates priority development areas, with the free port regime already implemented. Given the global nature of this territory, it is especially important in the region to scale up STI to be implemented within the framework of the new Fund&rsquo;s activities. In particular, the region has all the prerequisites to become one of the priority regions for the MariNet (marine intelligent system market) direction of the National Technology Initiative (NTI), with RVC acting as its project office. I am sure that a consortium of the major players in the innovation market will set a new trajectory for development of the business infrastructure in the Far East,&rdquo; said General Director of RVC <strong>Alexander Povalko.</strong></p> <p>In the near future, the Fund will consider more than 30 pilot investment projects with a total investment of approximately 40 billion roubles, which can qualify for financial support under the new mechanism.</p> Wed, 6 Sep 2017 12:00:00 +0300 RUSNANO Successfully Quitted NIR Company <h5>RUSNANO has completed the transaction of sale of 49.98% of shares in &ldquo;New Instrumental Solutions&rdquo; Closed Joint-Stock Company (NIR, CJSC) to NPO &ldquo;Saturn&rdquo;. IRR of the transaction has made more than 26%.</h5> <p>NIR was put into operation in 2010 in Rybinsk, the Yaroslav Region, and became the first plant opened under the auspices of RUSNANO. Solid-cast instrument with multilayer nanostructured coating produced by that company is unique in Russia. NIR products allowed to substitute the imported instrument, which was previously used in the Russian industry for processing of various materials, with innovative domestic product.</p> <p>The areas of application are hi-tech segments of domestic industry (jet engine building, rocket-and-space industry, instrument-making, etc.). The nanostructured coating, the application of which was developed by scientists of the Researchers at the Kurchatov Institute, increases wear resistance of the tools by 2-2.5 times, and prolongs the periods between regrindings and the speed of cutting by 1.5-2 times.</p> <p>The production capacity of the enterprise is 13,000 instruments per month. More than 100 workplaces were created within the project. From the moment when RUSNANO joined the project, the profit of NIR increased regularly. In 2016, it made RUR 340 mln, which exceeds the figures of 2015 by 30%.</p> <p>&ldquo;In the recent years, NIR became one of the leaders in the sphere that is vital for the country. I am completely satisfied with the project, with the management team of the plant and with our partners from NPO &lsquo;Saturn&rsquo; and the United Engine-Building Corporation&rdquo;, noted the managing director for the investment activity of MC RUSNANO, <strong>Andrey Gorkov</strong>.</p> Wed, 31 May 2017 12:00:00 +0300 Mountrise Limited Will Buy the Share of RUSNANO in ETERNO <h5>Following the results of the open competitive procedure on selling the share of RUSNANO in ETERNO in the amount of 49,89% of the shares, the winner was Mountrise Limited (controlling shareholder of PJSC ChelPipe, 51,9%). The transaction will be completed by the end of Q. III of 2017. RUSNANO withdraws with profit from the project.</h5> <p>RUSNANO and ChelPipe Group proceeded to the implementation of the joint project at the end of the year 2013. The project resulted in construction of ETERNO plant on manufacturing the junction pipeline components with the use of nanostructured materials. The plant manufactures stamp-welded pipeline components: first of all, bends for turning the pipeline in the needed direction and T-couplings for construction of branches, as well as components for the pipeline sealing and transition from one pipeline diameter to another.</p> <p>Launch of ETERNO was a final step towards almost entirely achieving full import substitution in pipeline production. ETERNO&rsquo;s T-couplings allow for conducting repairs of the main pipelines under a working pressure of up to 9.8 MPa and then putting them into operation without stopping the flow of hydrocarbons. Prior to the ETERNO launch it has been foreign manufacturers that have carried out the supply and tying-in of such components without interrupting flow for Russian energy companies.</p> <p>The adoption of nanotechnologies allowed to achieve a sufficient increase in durability and service reliability of products. One of the technologies is seam welding using titanium and boron whose nanosized junctions contribute significantly to the hardened structure of the goods.</p> <p>The productive capacity of the company makes it possible to manufacture up to 150 units of new products for the strategic projects of oil and gas companies of Russia and CIS countries.</p> <p>&ldquo;RUSNANO achieved all the goals of the project. We are satisfied with the results of the joint project and express our gratitude to our partners that have provided for the creation of the unique international level company, which products have replaced the products of western suppliers on the market&rdquo;, so the Deputy Chairman of the Board of the Management Company RUSNANO <strong>Oleg Kiselev.</strong></p> Wed, 26 Jul 2017 12:00:00 +0300 RUSNANO and Power Machines Agree to Cooperate in Localization of Production of Wind Turbine Equipment <h5>RUSNANO and Power Machines PJSC signed a memorandum of understanding under which both companies are interested in the joint implementation of the project (hereinafter, the Project) on production of wind turbines components on the Russian territory. The parties have reached an agreement in principle on the parity financing of the production of wind turbine components.</h5> <p>RUSNANO with potential partners plans to participate in the project on the construction of wind parks, within which a foreign supplier of wind turbines from among the world&#39;s largest vendors will be selected. The joint Project on the production of wind turbine components with Power Machines PJSC is planned to be implemented together with a selected vendor and (or) its OEM-manufacturers. One of the main conditions of the selection of the supplier is the equipment production localization program on the Russian territory. The localization level will increase annually and should reach 65% by 2019.</p> <p>As previously reported, RUSNANO intends to invest in localization projects up to 1 billion RUR. RUSNANO is considering several sites on the territory of Russia to establish the production of wind turbine components within the framework of implementation of the localization plan.</p> <p>Power Machines OJSC is ready to be a Russian technological partner of the Project. It is planned that at the TKZ plant Krasny Kotelshchik in Taganrog (part of Power Machines Group) the production of towers and (optionally) the assembly of gondolas will be organized. The unique competitive advantage of the Project planned to be implemented may be the participation of Severstal. The Parties are discussing terms for the long-term delivery of steel sheets</p> <p>to produce wind turbine towers weighing up to 180 tons each by Severstal. The production of generators for wind turbines at one of Power Machines production sites is also being considered.</p> <p>Power Machines PJSC is a global power engineering company, which is in the top ten industry leaders in terms of the volume of installed equipment. The company produces solutions for thermal, nuclear, hydropower engineering, the electric grid complex, industry and transport.</p> Wed, 26 Apr 2017 12:00:00 +0300 RUSNANOPRIZE Award Committee Announced <p>Twenty distinguished scientists and businesspersons from Russia, USA, Germany, Canada and South Korea has joined the superior Awarding Body&nbsp;of the Prize&mdash;the Awarding Committee of the <a href="" target="_blank">9th International Nanotechnology Award RUSNANOPRIZE 2017</a>.</p> <p>This year RUSNANOPRIZE, founded by Fund for Infrastructure and Educational Programs, will be awarded for the outstanding research and innovations that has been commercialized in the area of nanomaterials and surface modification. Nominations closed in August 10, 2017.</p> <p>&ldquo;Nanomaterials has been used by humanity for ages but only nowadays we&rsquo;ve gained capability to understand their unique properties. Now we can even engineer new nanomaterials, their composition, structure, properties. All these makes the area of nanomaterials and nanotechnologies application much wider. This are area contains huge potential for extending the fundamental knowledge about the nature of the material and its application&rdquo;, <strong>Artem Oganov</strong>, member of the RUSNANOPRIZE Award Committee says.</p> <p>Constantin Solntsev, Academician of the Russian Academy of Sciences and RUSNANOPRIZE Award Committee member, thinks that the whole history of the Humanity is closely connected with materials application: &laquo;Even broad prehistoric periods are named after materials been used: Stone Age, Bronze Age, Iron Age. Nanotechnologies development and developing new materials based upon them might be as well considered as a new historic period of evolution, and its importance can hardly be overestimated&raquo;.</p> <h3>In 2017 the Committee consists of the following members</h3> <ul> <li>Sergio Kapusta, Professor of Materials Science and of Energy Innovation at Rice University in Houston</li> <li>Anatoly Chubais, Chairman of the Executive Board, RUSNANO</li> <li>Klaus Sch&auml;fer, CTO, Covestro AG</li> <li>Victor Mann, CTO, RUSAL</li> <li>Sergei Galibeev, Director, Directorate of Plastics, Elastomers, Organic Synthesis, SIBUR LLC</li> <li>Boris Aleshin, Advisor&mdash;Science and Technology, United Aircraft Corporation</li> <li>Chad Mirkin, George B. Rathmann Professor of Chemistry and Director of the International Institute of Nanotechnology, Northwestern University</li> <li>Victor Bykov, Honorary President, NT-MDT Spectrum Instruments</li> <li>Alexei Khokhlov, Vice-Rector, Head of Department for Innovations and International Cooperation, Lomonosov Moscow State University</li> <li>Yury Gogotsi, Charles T. and Ruth M. Bach Professor Distinguished University Professor, Director, A.J. Drexel Nanomaterials Institute, Drexel University</li> <li>Igor Zhitomirsky, Distinguished Engineering Professor, Professor, Department of Materials Science and Engineering, McMaster University</li> <li>Boris Chichkov, Head of the Nanotechnology Department, Institute of Quantum optics, Leibniz University Hannover and Laser Zentrum Hannover e.V.</li> <li>Artem Oganov, Full Professor, State University of New York at Stony Brook, Head of Computational Materials Discovery Laboratory, Moscow Institute of Physics and Technology, State University of New York at Stony Brook</li> <li>Olga Boltalina, Senior Research Associate, Colorado State University</li> <li>Taeghwan Hyeon, Director, Center for Nanoparticle Research, Institute for Basic Science (IBS), Professor, School of Chemical and Biological Engineering Seoul National University</li> <li>Thomas Mallouk, Evan Pugh University Professor of Chemistry, Biochemistry and Molecular Biology, Physics, and Engineering Science and Mechanics, Pennsylvania State University</li> <li>Alevtina Chernikova, Rector, The National University of Science and Technology MISiS</li> <li>Konstantin Solntsev, Director, Baikov Institute of Metallurgy and Materials Science, Russian Academy of Sciences</li> <li>Sergey Psakhie, Director, Institute of Strength Physics and Materials Science (ISPMS) SB Russian Academy of Sciences</li> <li>Sergey Kravchenko, President, Boeing Russia &amp; CIS.</li></ul> <p>In 2017 the Prize will be awarded for the 9th time. It is awarded annually to researchers, scientists and developers (up to three people) being the authors of scientific-technological discovery or discoveries in the field of nanotechnologies, and to the company being the first to apply the discovery (discoveries) to mass production with the annual production output of at least $10 million and reached business success through the application of the discovery (discoveries).</p> <p>Financial rewards, prize symbols and honorary diploma of the Prize are awarded to inventors, scientists and developers, the authors of the R&amp;D projects or technologies implemented into production. The company that has achieved some significant commercial success due to the implementation of these technologies is awarded with an honorary diploma and a glass ball, which is a RUSNANOPRIZE symbol.</p> <p>Both Russian and foreign organizations as well as personalities, save for Prize Awarding Committee members, can nominate a researcher (researchers) for the Prize, self-nomination is also possible.</p> Wed, 23 Aug 2017 12:00:00 +0300 Vestas Enters Russian Market as Supplier for Fortum Energy Projects Based on the results of the regular annual auction of renewable energy projects, the portfolio company and operator of the Wind Energy Development Fund, created by RUSNANO and Fortum Russia, Fortum Energy, was awarded the right to participate in a series of projects for construction of wind power plants. It is planned that wind power plants with total capacity of up to 1000 MW will be constructed under the projects. <p>Based on the results of the regular annual auction of renewable energy projects, the portfolio company and operator of the Wind Energy Development Fund, created by RUSNANO and Fortum Russia, Fortum Energy, was awarded the right to participate in a series of projects for construction of wind power plants. It is planned that wind power plants with total capacity of up to 1000 MW will be constructed under the projects.</p> <p>Within the partnership, RUSNANO and Fortum on a parity basis intend to invest a total of RUB up to 30 billion in construction of wind power plants in Russia. There are also plans to involve loan project financing for implementation of the projects.</p> <p>Vestas was chosen as the wind turbines supplier by the Fund operator. One of the main conditions for the selection of the wind power plants equipment supplier is availability of the program for local content in manufacturing the equipment in Russia. The local content level will increase annually and should reach 65% by 2019. Vestas plans to develop production of a number of components for wind power plants in Russia.</p> <p>As previously reported, RUSNANO intends to invest in local content projects up to RUB 1 billion (~ &euro; 15 million). The local content projects will be implemented in partnership with Vestas itself, its OEM-partners and Russian technology partners. The investments will be aimed at creating the production of assemblies and components of wind turbines: blades, towers and other components. The listed products will be, among other things, manufactured with nanotechnologies. This project will be the driver for development of related industries (metallurgy, materials science, power engineering, construction, engineering, service), allowing to include Russian enterprises in the global supplier chain and realizing their export potential.</p> Wed, 21 Jun 2017 12:00:00 +0300 United Aircraft Corporation and RUSNANO Have Entered into the Agreement on Strategic Cooperation <h5>Products of RUSNANO portfolio companies (Li-ion batteries and composite materials) may be used in the creation of modern civil and military aircraft, manufactured by the companies of United Aircraft Corporation (UAC)</h5> <p>Within the framework of the International Airshow MAX-2017 United Aircraft Corporation and RUSNANO have signed an agreement on strategic cooperation in the field of implementing the projects on the development of the component base, materials of aircraft industry and development of products for long term manufacturing of aircraft machines for military and non-military purposes on the basis of nano-technologies.</p> <p>RUSNANO portfolio companies will be involved in the participation in tenders for research and development works, manufacturing of components and component base, including for the development of the unified new generation aircraft accumulator battery. A RUSNANO portfolio company, <a href="/portfolio/companies/liotech">Liotech-Innovations</a>, may become one of the tender participants for the creation of such battery type. Creation of such accumulator will make it possible to replace six types of different batteries now used in the domestic aviation.</p> <p>New generation aircraft batteries will make it possible to ensure the significant increase of the flight radius in the standby mode, reduced life cycle cost and will have better technical characteristics (larger capacity&mdash;up to 60%, lesser weight&mdash;by 30%).</p> <p>It is planned that a RUSNANO portfolio company, <a href="/portfolio/companies/prepreg">Prepreg-SKM</a>, will participate in the creation of the wing mechanization elements on the basis of the domestic composite materials as the prepregs supplier. These materials will be used for aircraft SSJ 100, and in the future maybe MS-21. The expected profit from implementing new mechanization of SSJ-100 will bring a significant economic effect to the aircraft producer.</p> <p>RUSNANO and UAC are in a long-standing and fruitful cooperation. In particular, Prepreg-SKM company has supplied composite materials for Sukhoi company. Aircraft repair plants of UAC use the inventions of another RUSNANO portfolio company, <a href="/portfolio/companies/plackart">Plakart</a>, for the extension of the transportation aircraft resource with the help of gas-thermal evaporation of protective coverings.</p> <p>&ldquo;Such hardest technological field as the aircraft engineering is potentially one of the most interesting markets for us. We create joint working groups, entrusted with serious tasks to visit almost every our existing plants and assess which task may be given to them not only in terms of manufacturing the existing products, but also in terms of its upgrade for the purpose of being used in the field. The most important task for us is also to enter the civil aircraft engineering with carbon fibre. At the moment, our composite material is used only in the military aviation. Potentially it is all about using it not only when manufacturing the aircraft, but also in the helicopter engineering&rdquo;, the Chairman of the Board of the Management Company RUSNANO <strong>Anatoly Chubais</strong> emphasized.</p> <p>&ldquo;We have gained a vast experience in cooperating with RUSNANO and we plan to develop it. Company&rsquo;s technologies have been implemented in the aircraft engineering for many years. We intend to use and to develop the best inventions of our colleagues for the purpose of increasing the competitiveness of our machines on the global market, accelerating the modernization and creating new machines&rdquo;, so President of UAC <strong>Yuriy Slyusar</strong>.</p> Wed, 19 Jul 2017 12:00:00 +0300 NovaMedica, a RUSNANO Portfolio Company, Launches an Innovative Pharmaceuticals Technology Center <p>Russian pharmaceutical company NovaMedica (a RUSNANO portfolio company) has launched a technological center to develop and put into pilot production innovative pharmaceuticals. It includes a complex of R&amp;D laboratories and production sites with technological solutions, which are unique for the Russia pharmaceutical industry and one of the best in Europe. The key task of the Technological Center is to develop sophisticated oral pharmaceuticals of various pharmacotherapeutic groups including those to treat cardio-vascular and gastroenterological diseases, CNS diseases as well as to create new generation painkillers.</p> <p>R&amp;D laboratories of the Technological Center put into operation in late 2016 have already started working on five projects within the framework of NovaMedica&rsquo;s own R&amp;D program. Another four projects will be launched during this year. These are pharmaceuticals with innovative active agent delivery systems changing the bioavailability of drugs and allowing combining previously incompatible substances in one dose. Thanks to this, drugs that are being developed will have new application possibilities and will crucially surpass many existing analogues by their efficiency and safety.</p> <p>Investments in the establishment of the Center located in the Moscow Technopolis amounted to 945 million RUR. The Center&rsquo;s capabilities allow implementing 15-20 R&amp;D projects on its venues and producing up to 40 million pieces of products per year. Innovative products will be patented and promoted both in Russia and in international markets. NovaMedica intends to develop scientific cooperation with leading Russian and foreign pharmaceutical companies, scientific and technological centers, universities and startups.</p> <p>The development of its own portfolio of pharmaceuticals is an important but not the only task of NovaMedica&rsquo;s technological center. The company plans to maintain partnerships and implement orders to develop pharmaceuticals for foreign and national companies. The global market of pharmacological developments is 8-10 billion USD per year, the Russian market amounts to about 1 billion RUR and has been growing 15-20% per year. By 2022, NovaMedica plans to acquire about 20% of the Russian market.</p> <p>&ldquo;Today we are launching an enterprise, which may be attributed to &lsquo;big pharma&rsquo; without any exaggeration. Ultramodern equipment allowing research on a level previously unavailable in Russia, is installed here. Drugs that will be produced there are developed by largest world producers but the critical difference of NovaMedica is that we will not just produce generics, as many others do, out laboratory complex allows making our own R&amp;D. I would like to highlight the role of the Moscow authorities. It would be much more difficult without their support and the infrastructure complex created in Technopolis,&rdquo; <strong>Anatoly Chubais</strong>, Chairman of the Management Board of MC RUSNANO, said.</p> <p>&ldquo;The establishment of the Technological Center will significantly accelerate the development and release of national innovative pharmaceutical to the market. However, in order to saturate the Russian market with drugs urgently needed by Russian patients, we need to work in all areas. Today we have launched the Technological Center in Moscow and in May&mdash;within the framework of NovaMedica&rsquo;s partnership with Pfizer&mdash;we will start building an GMP plant to produce sterile injection drugs in the Kaluga region. More than 30 vital and essential pharmaceuticals to treat severe bacterial and fungal infections, inflammatory and cancer diseases will be localized at the plant,&rdquo; <strong>Leonid Melaved,</strong> a member of NovaMedica&rsquo;s Board of Directors, noted.</p> <p>&ldquo;The launch of the modern Technological Center of NovaMedica is an important step to develop the Russian R&amp;D industry, which on the one hand is an indicator of the state social and economic development and on the other hand is an interlink of import substitution in the high-tech industry of our country,&rdquo; <strong>Kirill Kaem</strong>, Vice President of the Skolkovo Fund and Managing Director of the Biomedical Technology Cluster, commented.</p> Wed, 19 Apr 2017 12:00:00 +0300 The Optical Current Transformer of the RUSNANO Portfolio Company Profotech Has Passed the First Stage of Testing at the IREQ, Canada <p>In autumn 2017, the current transformer (CT) in the bussed version of the TTEO-SH produced by PROFOTECH JSC was tested in the Canadian laboratory IREQ (Montreal, Canada).</p> <p>The work was carried out on the order of the Canadian company HydroQuebec, which is interested in an objective comparison of the characteristics of optical current transfomers from the world&#39;s leading manufacturers. The invitation of PROFOTECH as a participant in the program confirms the global level of the company&#39;s products.</p> <p>Mindful of the requirements and wishes of the North American market, PROFOTECH specialists developed a special version of the transformer for the 60 Hz network, which has been included in the product line.</p> <p>PROFOTECH products successfully passed the first stage of testing, which included an accuracy class compliance verification, frequency range test, higher harmonics transfer verification, signal-to-noise ratio testing, time synchronization test, and a test of time measurement and packet delivery.</p> <p>According to <strong>Maksim Yanin</strong>, Director of Development and Chief of the Testing Center at PROFOTECH JSC, who was present at the testing: &ldquo;On a number of parameters, Russian equipment exceeds the requirements of HydroQuebec. For example, it has a resulting digital output stream of 256 samples for the industrial frequency period, over the required 80. The same is true for accuracy. Our equipment has confirmed the metrological accuracy of the 0.2s class in the entire range of current measurement, exceeding the required accuracy of 0.5.&rdquo;</p> <p>In the middle of the fourth quarter of 2017, testing will continue in regards to verifying compatibility with RPEA systems in compliance with the requirements of HydroQuebec.</p> Wed, 15 Nov 2017 12:00:00 +0300 Novosibirsk Plant Liotech Expands the Sales Geography <p>New export operations and the company&rsquo;s expansion in the domestic market indicate that Liotech (Novosibirsk), company producing innovative lithium-ion batteries, is emerging from the crisis. Information about its close-down was disproved.</p> <p>At the end of January, the second consignment of trolley buses with increased operating range was shipped to Z&aacute;rate, Argentina. The distinctive feature of these vehicles produced by Trolza plant is the installed lithium-ion accumulators manufactured by Liotech. The core material of the enhanced accumulators is nanostructured lithium-iron-phosphate (LiFePO4). Such power storage devices are durable, highly stable and have a relatively low price, that is 10% lower than foreign analogues.</p> <p>In addition, as a part of Liotech and Trolza cooperation, a large consignment of trolley buses with increased operating range will be shipped in the nearest future for use in Southern Russia.</p> <p>&ldquo;At this stage, the accumulator assembly is carried out on-site; in other words, we manufacture finished products. Such provision of finished products is a new chapter in the company&rsquo;s history, which corresponds to the company&rsquo;s strategy to transfer the plant from cells production to release of finished battery banks and power storage devices. They are suitable to trolley buses with increased operating range, as well as electric buses and commercial electric vehicles,&rdquo; said <strong>Valery Yarmoshchuk</strong>, CEO, Liotech-Innovations Ltd.</p> <p>In addition, Trolza placed a new order at Liotech to develop new accumulators LFP-170 with decreased capacity and enhanced performance. The contract requires supply of 34 SKD sets of LIAB (Lithium-ion accumulator batteries with DCS and thermostating). At this moment, the documentation for this product, which is scheduled for release at the end of May, 2017, is being developed.</p> <p>Also, Liotech supplies the energy market. Thus, another RUSNANO portfolio company recently launched the hybrid electric power plant (AHEP) in the village of Menza, Trans-Baikal Territory, Russia. AHEP consists of solar modules of 120kW in total power, and two diesel generators of 200kW each. The accumulator cells for the power storage device with 300kWh capacity produced by Liotech were used for the electric power plant development. As planned, in 2017, Hevel will build two more hybrid electric power plants in the Trans-Baikal Territory, Russia, where Liotech power storage devices can also be used as a completely finished containerized product, including all electronic and control systems (the supplier&rsquo;s choice will be defined upon the tender). The latest plant&rsquo;s innovations will be used for Liotech power storage devices with a full quality assurance.</p> <p>Furthermore, Russian producers of commercial transport vehicles inquire delivery of LIAB sets both for electric motor vehicles, electric buses, and special equipment. At this moment, the finished solutions for other specialized machinery are also being developed.</p> Wed, 1 Feb 2017 12:00:00 +0300 Spark Therapeutics Enters into Licensing Agreement with Selecta Biosciences <h5>Exclusive use of Selecta&rsquo;s Synthetic Vaccine Particles (SVP&trade;) platform technology provided to Spark Therapeutics for co-administration with up to five gene therapy targets, including FVIII for hemophilia A.&nbsp;SVP may enhance gene therapies by enabling repeat dosing and mitigating other potential immune responses to an AAV capsid.</h5> <p>Spark Therapeutics (NASDAQ:ONCE) and&nbsp;Selecta Biosciences, Inc.(NASDAQ:SELB) today announced a license agreement that provides Spark Therapeutics with exclusive worldwide rights to Selecta&rsquo;s proprietary Synthetic Vaccine Particles (SVP&trade;) platform technology for co-administration with gene therapy targets, including FVIII for hemophilia A, as well as exclusive options for up to four additional undisclosed genetic targets.</p> <p>Selecta&rsquo;s immune tolerance SVP, including SVP-Rapamycin, is an investigational technology intended to suppress the formation of neutralizing antibodies to an adeno-associated virus (AAV) capsid when used in combination with gene therapies, without altering the therapeutic profile of the gene therapy. Neutralizing antibodies form in response to an initial administration of an AAV gene therapy and prevent effective subsequent usage. The potential ability to re-dose a gene therapy may be beneficial where a patient has not achieved a sufficient therapeutic expression of the transferred gene in the initial dose.</p> <p>&ldquo;Selecta&rsquo;s nanoparticle technology, which is undergoing preclinical testing in gene therapy, may prevent formation of neutralizing antibodies, and thus potentially enable re-dosing up to an optimal therapeutic profile by extending the reach of gene therapy to diseases that require higher doses or more extensive transduction of target cells than may be achieved through one-time dosing,&rdquo; said Jeffrey D. Marrazzo, chief executive officer of Spark Therapeutics. &ldquo;Importantly, if proven successful, the co-administration of Selecta&rsquo;s technology with a gene therapy may enable repeat dosing of AAV gene therapies in both adults and pediatric patients, potentially minimizing the risk of a T-cell immune response to the capsid.&rdquo;</p> <p>&ldquo;Gene therapy is a core area of focus for Selecta; one that we believe could benefit profoundly from our immune tolerance SVP technology platform,&rdquo; said Werner Cautreels, Ph.D., president, CEO and chairman of Selecta. &ldquo;We are excited about this license agreement with Spark Therapeutics, a recognized gene therapy leader, which accelerates the application of our SVP platform in gene therapy. Our preclinical studies in this field, together with the clinical data we have generated with SEL-212 in gout showing prevention of anti-drug antibodies, suggest that the application of our immune tolerance SVP technology to biologic therapies may greatly benefit patients with life-threatening diseases who currently lack adequate treatment options due to the occurrence of undesired immune responses.&rdquo;</p> <p>Subject to the terms of the agreement, Spark Therapeutics will make an initial&nbsp;$10 million&nbsp;cash payment to Selecta and purchase&nbsp;$5 million&nbsp;of Selecta&rsquo;s common stock. Within 12 months of the agreement&rsquo;s signing, Spark Therapeutics has agreed to pay Selecta an additional&nbsp;$5 million&nbsp;in cash and to purchase&nbsp;$10 million&nbsp;of Selecta&rsquo;s common stock. Selecta will be eligible for up to&nbsp;$430 million&nbsp;in milestone payments for each target, with up to&nbsp;$65 million&nbsp;being based on Spark Therapeutics&rsquo; achievement of specified development and regulatory milestones and up to&nbsp;$365 million&nbsp;for specified commercial milestones. In addition, Spark Therapeutics will pay Selecta tiered mid-single to low-double-digit royalties on worldwide annual net sales of any resulting commercialized gene therapy.</p> <p>The terms of this agreement do not apply to Spark Therapeutics&rsquo; ongoing investigational development programs in inherited retinal diseases (IRDs), including voretigene neparvovec for the treatment of&nbsp;RPE65-mediated IRD and&nbsp;SPK-7001&nbsp;for choroideremia. This agreement does not impact Spark Therapeutics&rsquo; ongoing Phase 1/2 trial of&nbsp;SPK-9001&nbsp;in hemophilia B in collaboration with Pfizer or its planned&nbsp;Phase 1/2 trial of&nbsp;SPK-8011&nbsp;in hemophilia A.</p> <p>Selecta independently is applying its SVP technology to its own proprietary gene therapy programs. Selecta has obtained an exclusive license from Massachusetts Eye and Ear to Anc80, an&nbsp;in silico-designed gene therapy vector, for Methylmalonic Acidemia and has options for additional pre-defined indications. Additionally, Selecta is advancing a proprietary gene therapy program for Ornithine Transcarbamylase Deficiency.</p> Tue, 6 Dec 2016 12:00:00 +0300 Portfolio Company of RUSNANO, NovaMedica Began Construction of a Pharmaceutical Plant in the Kaluga Region <h5>Russian pharmaceutical company NovaMedica announces the start of construction of a plant for the production of sterile injectable drugs as part of its long-term strategy to localize innovative medicines and technologies of their development and production in Russia. The plant will be built in the territory of &quot;Vorsino&quot; Industrial Park in the Kaluga Region.</h5> <p>The key partner of the Russian company in that project is Pfizer&mdash;one of the world&rsquo;s largest pharmaceutical companies; NovaMedica and its shareholders concluded the partnership agreement with Pfizer in December 2016. Pfizer will become the investor of plant construction and will transfer to NovaMedica the right to manufacture and commercialization of a portfolio consisting of more than 30 vital pharmaceuticals (in the form of injections), third part of which is not currently produced in Russia. The portfolio includes preparations for treatment of severe bacterial and fungal infections, cardiovascular, inflammatory and oncological diseases. The majority of them is included into the list of vital and essential drugs (VED) and some of them are also included into the Russian list of population drug coverage (PDC) and into &ldquo;7 ICD codes&rdquo; program.</p> <p>The project of the plant has been prepared by M+W Group, one of the world&rsquo;s leading companies in the market of designing of complex industrial facilities. The plant design capacity is more than 38.5 million production units (cartridges and vials) per year. The total area of production and accessory buildings and constructions will be approximately 23,000 sqm. The manufacturing lines will be equipped with production facilities of leading European manufacturers: BOSCH, Ziel, GEA-lyophyl, Bausch+Str&ouml;bel, Belimed, Seidenader, Optima, Mediseal, Uhlmann and others.</p> <p>The plant&rsquo;s manufacturing department is represented by sites producing sterile injection preparations: lyophilizates and solutions in vials and cartridges. There is also a possibility of further expansion of production of high-demand forms of injection products: pre-filled syringes, dropper bottles, disposable infusion bags. The project includes creation of isolated units for production of standard and cytostatic drugs.</p> <p>It is planned that the construction of the plant, its instrumentation and preparation for operation will be finished in 2020. The plant will meet the requirements of not only Russian but also international standards of Good Manufacturing Practice (GMP); that will allow NovaMedica to export the products to international markets in future.</p> <p>&ldquo;The pharmaceutical industry of the Kaluga Region is the most fast growing area in the regional economy. The cluster of pharmaceutics, biotechnologies and biomedicine that has been created six years ago, now includes 63 members, has the &lsquo;bronze status&rsquo; of the best European cluster practices and is one of the pilot innovative territorial clusters. The enterprises of that cluster produce more than 140 medicinal preparations and pharmaceutical substances. We attribute the further development to increased competitiveness and diversification of these products. In this regard NovaMedica&rsquo;s plans are in line with ours. It is planned to produce the pharmaceuticals on the plant that are not produced in our country. We wish the company good luck in implementation of the project. For its part, the industry is ready to render the partners all necessary assistance&rdquo;, said the Governor of the Kaluga Region <strong>Anatoly Artamonov</strong>.</p> <p>&ldquo;We are happy with the fact that the plant construction project has reached the next stage: engineering works have been finished, and the implementation of the challenging and interesting process of creation of manufacturing complex is ahead. Our common goal is putting in operation a modern plant meeting the highest standards of the global industry. We will share with NovaMedica our knowledge in the sphere of cutting-edge technologies of production of complex high quality preparations. This new plant will become a reliable supplier of pharmaceuticals essential for the public health system. It will be of real benefit for patients, doctors and Russian medical industry as a whole. I am sure that my colleagues from NovaMedica will do their best to construct the plant meeting the demands of patients&rdquo;, said the President of business unit &ldquo;Pfizer Base Therapy&rdquo; Europe and the member of the Board of Directors of NovaMedica, <strong>Petra Danielson-Wale</strong>.</p> <p>&ldquo;NovaMedica gathers pace quickly&mdash;in April 2017, the Technological Center with R&amp;D laboratories and pilot production was opened, and it is developing innovative dosage forms. A little over one month passed, and we open a new page&mdash;we commence the construction of GMP-plant in partnership with the giant of global pharmaceutical industry&mdash;Pfizer. The work on creation of that plant has been in progress literally since the moment of signing of the partnership agreement. We completed a very important stage preceding beginning of every construction&mdash;designing. Pfizer professionals from various countries having a great experience joined the project to ensure that the design of NovaMedica&rsquo;s plant is perfect in every respect. That collaboration has already provided the NovaMedica&rsquo;s team with an invaluable experience, and assured us that the project will be successfully implemented in highly effective manner&rdquo;, considers the Chairman of the Board of the Management Company RUSNANO and the chairman of the Board of Directors of NovaMedica, <strong>Anatoly Chubais</strong>.</p> <p>&ldquo;The commencement of the plant construction is an important stage of NovaMedica&rsquo;s sequential strategy of localization of innovative products and technologies in Russia. The project would be impossible without the conditions created by the state for the development of our industry. We bless the authors of &lsquo;Pharma 2020&rsquo; Programme&mdash;the Ministry of Industry and Trade, as well as the Ministry of Health and our shareholders&mdash;RUSNANO and Domain&mdash;for their consistent support, which helps to think widely, make ambitious and long-term plans and to implement them steadily. We are grateful to our shareholders for their strong intellectual contribution and all-round support that motivates NovaMedica&rsquo;s team to breakthrough development. And, of course, we are inspired by the possibility of gaining a unique experience in the process of collaboration with the leader of global pharmaceutical industry&mdash;Pfizer&rdquo;, says the Chief Executive Officer of NovaMedica, <strong>Aleksandr Kuzin</strong>.</p> Tue, 30 May 2017 12:00:00 +0300 RUSNANO Portfolio Company Optic Fiber Systems Reached the Mark of 1 Mln Kilometres of Optical Fibre <p>Russia&rsquo;s first enterprise manufacturing telecommunications optical fibre continues to increase volumes and develop new markets. The company has produced a million kilometre of fibre. Now the monthly output of products is more than 100 thousand kilometres. This represents 50% of the plant&rsquo;s capacity and covers 25% of the demand of the entire Russian market.</p> <p>Optic Fiber Systems produces optic fibre for communication cables used by telecommunication companies for data transfer. The plant, located in Saransk, the capital of Mordovia, was opened two years ago. In the 4th quarter of 2016, the company commenced the industrial production of optical fibre.</p> <p>In December of 2016, Optic Fiber Systems jointly with Rostelecom PJSC and VNIIKP OJSC (All-Russian Research and Development Institute for Cable Industry) completed a program of testing own-produced Russian optic fibre, as well as optic fibre cable produced on its basis. The tests demonstrate positive results, and the company&rsquo;s products have been recommended to use in Rostelecom communication networks.</p> <p>Optic Fiber Systems has already obtained compliance certificate for commercial optic fibre according to the key international standards MSE-Т G652D and IEC 60793-2-50, and has been certified for quality management system in compliance with GOST R ISO 9001-2015 (ISO 9001:2015), which is a guarantee that the quality of the domestic optical fibre meets international and Russian standards.</p> <p>Today the company delivers its products to Russia, Belarus, China, Austria, UK, Czech Republic and Poland.</p> <p>&ldquo;The world&rsquo;s optical fibre market is growing at a fast pace. In the first half of this year, growth was more than 10% compared to the same period last year. It is expected that in 2017, fibre consumption in the world will for the first time exceed 500 million kilometres. Against this background, JSC Optic Fiber Systems continues to develop its production and build long-term relationships with partners, assesses options for modernization of production to increase the plant&rsquo;s capacity to 5 million km of optical fibre per year,&rdquo; said <strong>Andrey Nikolayev</strong>, General Director of JSC Optic Fiber Systems</p> Tue, 26 Sep 2017 12:00:00 +0300 Solar Cell Production Site Has Been Launched at the Hevel Factory, RUSNANO Portfolio Company <p>A phased launch of main systems of the modernized process line with almost doubled capacity has been started at the factory for production of solar modules by Hevel (joint venture of Renova Group and RUSNANO) in Novocheboksarsk. The site of production of photoelectric converters (PEC) constituting a solar module has been launched before other sites.</p> <p>PEC production is the main and the most complex phase of the solar module manufacturing process. The key performed operations are silicon wafer texturing, application of layers of amorphic silicon, silver or tin oxide thereon by means of magnetrons, current pickup application. The combination of these operations leads to increase of solar energy to electricity conversion ratio.</p> <p>The applied heterostructure-based technology has been developed by R&amp;D Centre of Hevel. It combines main advantages of crystal modules (high efficiency, lack of light-induced degradation) and thin-film modules (high efficiency at raised temperatures of module operation, better perception of scattered light).</p> <p>At the same time, the commissioning of the site where the cells are assembled into solar modules is coming to its end. By the end of March, the factory specialists plan to adjust all processes and proceed to solar modules production.</p> Tue, 21 Feb 2017 12:00:00 +0300 Russian Telecommunication Will Receive Domestic Optic Fibre <h5>Optic Fiber Systems, RUSNANO portfolio company, has completed certification of its products in Russia and is ready to cover up to half of the Russian market. Prior to the factory launch, the Russian needs for optic fibre have been completely satisfied due to import.</h5> <p>In December, 2016, RUSNANO portfolio company Optic Fiber Systems jointly with Rostelecom PJSC and VNIIKP OJSC (All-Russian Research and Development Institute for Cable Industry) completed a programme of testing own-produced Russian optic fibre, as well as optic fibre cable produced using it.&nbsp; Test results demonstrate positive results, and the company&rsquo;s products have been recommended to use in Rostelecom communication networks.</p> <p>Optic Fiber Systems produces optic fibre for communication cables used by telecommunication companies for data transfer. Synthetic quartz workpieces heated and pulled out to a thickness of 0.125 mm covered by protective sheath are used for production of optic fibre.</p> <p>First domestic production of telecommunication optic fibre was launched in Saransk, the capital city of Mordovia, in September 2015. The project is implemented by RUSNANO with participation of Gazprombank and the Republic of Mordovia. Total budget is 3.5 billion roubles, where RUSNANO contributed 1.7 billion roubles.</p> <p>Leading enterprises in the industry, such as Saransk Cable-Optic, Eurocable 1, Incab, Moscable-Fujikura, Opten-Cable and T8 have already tested the samples of Russian optic fibre and have given their positive feedbacks. Successful completion of certification programme with participation of Rostelecom PJSC and VNIIKP OJSC will allow to maximally expand the scope of application when building networks in Russia in the nearest future, including within the federal project &quot;Elimination of Digital Gap&quot;.</p> <p>Optic Fiber Systems have already obtained compliance certificate for commercial optic fibre according to the key international standards MSE-Т G652D and IEC 60793-2-50, and have been certified for quality management system in compliance with GOST R ISO 9001-2015 (ISO 9001: 2015) which is a warranty of compliance of domestic optic fibre quality with the international and Russian standards.</p> <p>In Q4, 2016, the factory proceeded to commercialization of optic fibre and achieved the level of over 100 thousand kilometres of fibre per month. It comprises 50% of the factory capacity and covers 25% of demand of the total Russian market, which needs have been completely satisfied due to importing prior to the factory launch.</p> <p>According to CRU Group, consumption of optic fibre in the world was increased by 11% up to 457 million kilometres in 2016. In this context, Optic Fiber Systems have successfully implemented deliveries of optic fibre in the amount of over 300 thousand kilometres to the countries of European Union and Asia, including the top ten largest manufacturers of optic fibre communication cables in China. Currently, a series of long-term export contracts have been concluded for the delivery of optic fibre.</p> <p>&ldquo;Import substitution proclaimed as one of the priorities of development of domestic industry is a primary goal in the strategically important industry as telecommunications. The results of joint tests demonstrate that Optic Fiber Systems can participate in tenders of Rostelecom itself and the other largest communication operators in Russia among the manufacturers of optic fibre cables, and the obtained compliance certificate guaranties the quality of domestic optic fibre for cable producing factories,&rdquo; has stated Deputy Chairman of the Board of RUSNANO <strong>German Pikhoya</strong>.</p> Tue, 21 Feb 2017 12:00:00 +0300 Nominations Submission for RUSNANOPRIZE 2017 Is Opened <h5>In 2017 <a href="" target="_blank">RUSNANOPRIZE</a> shall be awarded for research conducted in the fields of nanomaterials and surface modification, as decided by the Board of the <a href="/about/fiep">Fund for Infrastructure and Educational Programs</a> and due to the Regulation of the Prize nomination field choosing procedures.</h5> <blockquote>Nominations submission period will last till July 31</blockquote> <p>&ldquo;The R&amp;D in nanomaterials and surface modification field may lead to dramatic breakthroughs affecting more than one industry or sphere, such as microelectronics, metallurgy, polymers, biomedical materials, nanoscale diagnostics and many other at the same time,&rdquo; <strong>Sergey Kalyuzhny</strong>, Adviser to Chief Executive Officer&mdash;Chief Scientist of RUSNANO Group has noticed.&nbsp;</p> <p>RUSNANOPRIZE is an annual Prize awarded in one of the following fields: Optics and Nanoelectronics; Nanomaterials and Surface Modification; Medicine, Pharmacology and Biotechnologies; Energy Efficiency and Green Technologies.</p> <p>In 2013 <strong>Anatoly Chubais</strong> and Karlsruhe Institute of Nanotechnology professor <strong>Herbert Gleiter</strong> <a href="/press-centre/news/20131101-awards-ceremony-held-for-rusnanoprize-2013"><strong>presented the award for achievements</strong></a> in research conducted in the fields of nanomaterials and surface modification to <a href="" target="_top"><strong>Robert Langer</strong></a>, the David H. Koch Institute Professor at the Massachusetts Institute of Technology, and <a href="" target="_blank"><strong>Omid Farokhzad</strong></a>, associate professor at Harvard Medical School and physician-scientist in the Department of Anesthesiology at Brigham and Women&rsquo;s Hospital. They were awarded the prize for developing nanoparticle technologies for medical applications.</p> <p>The Prize is awarded annually to researchers, scientists and developers (up to three people) being the authors of scientific-technological discovery or discoveries in the field of nanotechnologies, and to the company being the first to apply the discovery (discoveries) to mass production with the annual production output of at least $10 million and reached business success through the application of the discovery (discoveries). Financial rewards, prize symbols and honorary diploma of the Prize are awarded to inventors, scientists and developers, the authors of the R&amp;D projects or technologies implemented into production. The company that has achieved some significant commercial success due to the implementation of these technologies is awarded with an honorary diploma and a glass ball, which is a RUSNANOPRIZE symbol.</p> <p>Both Russian and foreign organizations as well as personalities, save for <strong><a href="" target="_blank">Prize Awarding Committee</a></strong> members, can nominate a researcher (researchers) for the Prize, self-nomination is also possible.</p> <h5>Applications are accepted and registered by the Prize Directorate at&nbsp;<a href=""></a> in strict compliance with the <a href="" target="_blank">Nomination Form</a>. For more details and application form, please visit <a href="" target="_blank"></a></h5> Tue, 2 May 2017 12:00:00 +0300 Selecta Biosciences Obtains License for Recombinant Immunotoxin LMB-100 from National Cancer Institute (NCI) for Pancreatic Cancer, Mesothelioma and Other Cancers <p>Selecta Biosciences, Inc.&nbsp;(NASDAQ:SELB), a clinical-stage biopharmaceutical company focused on unlocking the full potential of biologic therapies by avoiding unwanted immune responses, today announced that it has licensed LMB-100, a next-generation immunotoxin, from the&nbsp;Center for Cancer Research&nbsp;(CCR) at the NCI, part of the&nbsp;National Institutes of Health. LMB-100 contains a potent bacterial toxin that binds to mesothelin, a protein expressed in all mesotheliomas, pancreatic adenocarcinomas and a high percentage of other malignancies, including lung, breast and ovarian cancers.</p> <p>&ldquo;This marks yet another major milestone for&nbsp;Selecta&nbsp;as we execute on our strategy to enable a range of proprietary, non-immunogenic biologic therapies using our proprietary immune tolerance platform,&rdquo; said&nbsp;<strong>Werner Cautreels</strong>, Ph.D., President, CEO and Chairman of&nbsp;Selecta. &ldquo;By in-licensing this promising clinical-stage product candidate, we are extending our footprint to include oncology, where the efficacy of many biologic treatments is hampered by immunogenicity. Based on our preclinical work with NCI, we believe a combination treatment of LMB-100 and our proprietary SVP-Rapamycin may allow patients with rare, serious and aggressive forms of cancer to tolerate and benefit from multiple immunotoxin treatment cycles.&rdquo;</p> <p>CCR is in the process of completing two clinical trials of LMB-100 in patients with mesothelioma and pancreatic cancer that are intended, in part, to help define the maximum tolerated dose. For more information about these trials, call 1-800-4-Cancer (1-800-422-6237) (TTY:&nbsp; 1-800-332-8615) and/or visit&nbsp;<a href="" target="_blank"></a>. Initial data indicate that undesired antibody responses to the immunotoxin prevented most patients from receiving the intended four treatment cycles. While a precursor to LMB-100 was similarly restricted by immunogenicity despite the concurrent use of potent immunosuppressive drugs, tumor regression was observed in the only two patients who were able to receive more than two cycles of treatment. These results suggest that the mitigation of immunogenicity may enable more patients to benefit from LMB-100 therapy.</p> <p>In 2016, preclinical research under a&nbsp;Cooperative Research&nbsp;and Development Agreement between&nbsp;Selecta&nbsp;and NCI demonstrated that the co-administration of SVP-Rapamycin and LMB-100 has the potential to enable extended treatment with LMB-100 and, therefore, enhance its anti-tumor activity. Selecta&rsquo;s immune tolerance Synthetic Vaccine Particles (SVP&trade;) prevented the formation of anti-LMB-100 antibodies, allowing for the administration of repeat treatment cycles in mouse models and enabling the full beneficial effect of LMB-100 on tumors in a tumor model.&nbsp;Selecta&nbsp;and NCI are currently in discussions regarding a planned Phase 1b clinical trial to evaluate multiple cycles of this combination treatment.</p> <p>Under the terms of the license agreement, NCI will receive an upfront payment of&nbsp;$50,000&nbsp;from&nbsp;Selecta. NCI also is entitled to up to&nbsp;$9.25 million&nbsp;in payments for milestones and low single-digit royalties on worldwide annual net sales of any resulting commercialized treatment.</p> Tue, 2 May 2017 12:00:00 +0300 RUSNANO Will Create Fund for Investment in High Tech Companies of Far East <h5>RUSNANO together with RVC and the Far East Development Fund will create an investment fund for investments in high tech region companies. The target fund size should be 10 bln roubles.</h5> <p>FEDF, RVC and RUSNANO will participate in the &ldquo;Far East Fund of the Development and Implementation of High Technologies&rdquo; in equal portions. The Fund will be established for 7 years, the investment period will be 3 years. The average amount of one investment in the projects of the venture stage will not exceed 100 million roubles, in the projects of the growth stage&mdash;1 bln roubles. The Fund will be organized in the form of private equity fund, whereby RUSNANO will act as the managing partner (GP).</p> <p>The Fund will be oriented towards the investments in high tech companies in the territory of the Far East Federal district. The amount of funds dedicated for the projects with a nano component will correspond to at least 30% of the investment portfolio. The Fund will invest in the companies from the following fields: new materials and surfaces, machine engineering and instrument engineering, metallurgy and metal finishing, energetics, construction, robotic science as well as biotechnologies and nuclear medicine, optoelectronics and nanoelectronics. At the moment, there is a pipeline of the Fund, which includes nearly 30 companies.</p> <p>&ldquo;Far East is the unique region due to its geographical position. On the one hand, the remoteness from main industrial centres served as the driver of the local industry development. On the other hand, the selling markets are oriented towards the countries of the Asian-Pacific Region. The Fund establishment will fulfil the purposes of the region development, generation of additional investments, preservation and enhancement of technical potential, cumulated by industrial enterprises of the Far East over the years, as well as increase of the competitiveness of their products on western markets&rdquo;, said the deputy Chairman of the Board of Management Company RUSNANO <strong>Oleg Kiselev</strong>.</p> Tue, 18 Jul 2017 12:00:00 +0300 The Winner of the Award RUSNANOPRIZE 2017 Was the Creator of High-efficiency Solar Cells Michael Grätzel <p>The winner of RUSNANOPRIZE 2017, an international award in the field of nanotechnologies, for the development of nanomaterials and surface modification was the Swiss scientist <strong>Michael Gr&auml;tzel</strong>. The solemn ceremony of awarding the laureate took place at the Open Innovations Forum.</p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2017-10-17_RUSNANOPRIZE_700.jpg" /></p> <p>The RUSNANOPRIZE award was established in 2009 and is awarded annually for the best nanotechnology developments implemented in mass production in one of four directions: &ldquo;Nanomaterials and Surface Modification&rdquo;, &ldquo;Medicine, Pharmacology and Biotechnology&rdquo;, &ldquo;Optics and Electronics&rdquo;, &ldquo;Energy Efficiency and Green Technologies&rdquo;. The award can be received by a group of scientists (no more than three people) and a company that commercialized their development. The laureates are chosen by the International Committee, which includes scientists and business representatives who have achieved outstanding results in the field in which the award is presented this year. In 2017, the prize is awarded for developments in the field of nanomaterials and surface modification.</p> <p>The RUSNANOPRIZE 2017 international award committee decided to award the prize to Michael Gr&auml;tzel, professor of physical chemistry and head of the photonics laboratory and interfaces of the Institute of Chemical Sciences and Chemical Engineering at the Federal Polytechnic School of Lausanne. He is among the ten most cited chemists in the world: his Hirsch index is 228, and the number of citations exceeds 260,000.</p> <p>&ldquo;Today the whole world is intensively searching for new methods and materials that can improve the efficiency of solar energy. It is important that the solar cells, which his work helped create, can solve both strategic and everyday tasks: from the creation of high-performance power plants to recharging mobile devices. The development of today&rsquo;s laureate is the so-called perovskite technologies, the next generation of materials for solar cells. But there are also &lsquo;Gr&auml;tzel cells&rsquo;, named after the author. They, for example, are used in solar panels that can be built in and fit organically into modern residential buildings. Both perovskite technologies and the &lsquo;Gr&auml;tzel cells&rsquo; are now leaving laboratories and becoming part of the industry. It is obvious that it is these technologies that the future of solar energy is connected with,&rdquo; said <strong>Anatoly Chubais</strong>, Chairman of the Board of Management Company RUSNANO, in the award ceremony.</p> <p>Gr&auml;tzel in the early 1990s created dye-sensitized solar cells, which are now known as &ldquo;Gr&auml;tzel cells&rdquo;. Their use allowed to increase the efficiency of solar cells from 3-8% to 22.1%. It was for this development that he was awarded the prize.</p> <p>Today the name of Michael Gr&auml;tzel is associated with a new direction in solar energy, which he headed - perovskite photovoltaics. It opened fundamentally new approaches to the creation of solar cells, which allows to significantly increase their efficiency and accordingly reduce their cost, which, in the end, creates a growing new global market, complementing the segment of silicon solar cells.</p> <p>The scientific group of Professor Michael Gr&auml;tzel owns several records in the field of creating perovskite solar cells, which revolutionized the field of photovoltaics, achieving efficiency of 22%. Such efficiencies currently exceed the efficiency values of silicon analogues, and their industrial production is planned to commence already in the very near future.</p> <p>The prize was also awarded to Exeger, a company engaged in the commercialization of Gr&auml;tzel&rsquo;s products.</p> <p>The organizer of the RUSNANOPRIZE award is the Fund for Infrastructure and Educational Programs (RUSNANO Group). The monetary part of the Prize is 3 mln roubles. The scientist, the author of the development, receives the monetary part of the Prize, the award symbol and the honorary diploma of the laureate. The company, which applied the development in mass production and achieved commercial success through its implementation, is awarded the honorary diploma and the award symbol.</p> Tue, 17 Oct 2017 12:00:00 +0300 RUSNANO Begins to Search a Buyer of Its Share in Its Portfolio Company Eterno <h5>RUSNANO achieved all goals of the project. It created a world-class plant manufacturing products&mdash;stamp-welded parts for pipelines&mdash;that substituted western suppliers at the market. The minimum price of PUSNANO&rsquo;s block (49.89%) is RUR&nbsp;4.72&nbsp;bln. The buyer will be searched for through an open bidding procedure.</h5> <p>ETERNO is a new project of white metallurgy, which produces couplings for pipelines using nanostructured materials. The plant was built under a joint project run by RUSNANO and the Chelyabinsk Pipe-Rolling Plant. The adoption of nanotechnologies allowed to achieve a sufficient increase in durability and service reliability of products. One of the technologies is seam welding using titanium and boron whose nanosized junctions contribute significantly to the hardened structure of the goods.</p> <p>ETERNO plans to produce up to 150&nbsp;new products per year for strategic projects, such as the second run of the products pipeline</p> <p>&ldquo;Novy Urengoy&mdash;Surgut&rdquo;, gas pipe line &ldquo;Nord Stream&nbsp;2&rdquo;, projects on meeting maintenance demands of Gazprom, Rosneft and oil and gas companies of CIS countries.</p> <p>&ldquo;It can be said with confidence that we not merely built a new unique plant, but using nanotechnology and modern approaches to production made a contribution to creation of a new branch of industry&mdash;white metallurgy&rdquo;, noted the deputy Chairman of the Board of the Management Company RUSNANO, <strong>Oleg Kiselyov</strong>.</p> <p>We expect that the results of the preliminary qualification will be summed up by July&nbsp;07, 2017. The main criterion in choosing the winner will be the price offered for the block of shares owned by RUSNANO. The ability of the purchaser to successfully develop the project in cooperation with other shareholders will also be taken into account.</p> <p>The conditions for filing of application are available at <a href="" target="_blank"></a></p> Tue, 13 Jun 2017 12:00:00 +0300 Quantenna Wins the Prestigious Global Semiconductor Alliance Award for the “Most Respected Private Semiconductor Company” a Second Consecutive Year <p>Quantenna Communications, Inc. (NASDAQ:QTNA), a leading provider of high-performance Wi-Fi solutions, announced today that it received the prestigious &ldquo;Most Respected Private Semiconductor Company&rdquo; award at the 2016 Global Semiconductor Alliance (GSA) Awards Dinner Celebration on December 8th, 2016. The semiconductor industry&rsquo;s annual event honored outstanding semiconductor companies worldwide that have demonstrated excellence through their vision, strategy, execution and future opportunity.</p> <p>The GSA identified leading semiconductor companies that have demonstrated market growth through technological innovation and exceptional business management strategies. The awards are voted by GSA&rsquo;s member companies to honor their achievements. Previously, Quantenna won the &ldquo;Start-Up to Watch&rdquo; award in 2013 and last year earned the &ldquo;Most Respected Private Company&rdquo; award. Quantenna recently completed its initial public offering and is now listed on NASDAQ; the award vote was cast prior to its IPO.</p> <p>&ldquo;GSA has been following Quantenna&rsquo;s growth for many years and recognized the company with three awards in two different categories in the last four years,&rdquo; said <strong>Jodi Shelton</strong>, President of GSA. &ldquo;GSA also congratulates Quantenna on their recent IPO and looks forward to their continued success.&rdquo;</p> <p>&ldquo;We are humbled that the GSA and our peers have again recognized Quantenna as a company that is relentlessly pushing the semiconductor Wi-Fi market,&rdquo; said <strong>Dr. Sam Heidari</strong>, Chairman and CEO at Quantenna. &ldquo;This award is the perfect ending to our journey as a private company and we look forward to writing a new chapter of our success as a public company.&rdquo;</p> Tue, 13 Dec 2016 12:00:00 +0300 Hevel Will Increase the Industrial Ability of the Plant to 250 MW by the End of 2018 <p>The Hevel Group (a joint venture of the Renova Group and RUSNANO) has begun to realize the second stage of modernizing the production line at the Novocheboksarsk plant. The manufacturing ability of the complex will increase from 160 MW to 250 MW solar modules per year.</p> <p>The cost of the new project is around 2 billion rubles, of which 500 million rubles will be provided after signing the contract by the Industrial Development Fund (IDF) in the form of a soft loan. In November 2017, the Expert Council of the IDF approved a second loan for the company</p> <p>&ldquo;The next stage of expanding production will allow us to launch unifacial and bifacial heterostructural modules of 72 solar cells, which will increase the average power of one module to more than 400W,&rdquo; said <strong>Igor Shakhrai</strong>, General Director of the Hevel Group.</p> <p>Earlier, in the second quarter of 2017, the Hevel Group successfully completed the first stage of modernizing its technological line and began production of solar modules utilizing a fundamentally new technology, heterostructural. Different from most analogues, it is distinguished by the most efficient power generation: the average efficiency of the cells is more than 22%. In addition, new modules work more effectively at high and low temperatures, which significantly expands the geographic area of their operation. The first stage of modernization also took place with a 300 million ruble loan at 5% per annum.</p> Thu, 9 Nov 2017 12:00:00 +0300 White Metallurgy Company ETERNO Has Launched Production of Import-substituting Products Unique to the Russian Market. The Ceremony Was Attended by the President of the Russian Federation Vladimir Putin <p>Today, Chelyabinsk factory ETERNO founded by JSC Chelyabinsk Pipe-Rolling Plant (ChelPipe) and RUSNANO held a ceremony to mark the launch of production of stamp-welded parts (split tees) with the use of nanotechnology. The President of the Russian Federation <strong>Vladimir Putin</strong>, the Minister of Industry and Trade of the Russian Federation <strong>Denis Manturov</strong>, the Chairman of the Board of RUSNANO <strong>Anatoly Chubais</strong>, the Plenipotentiary Representative of the President of the Russian Federation in the Ural Federal District <strong>Igor Kholmanskikh</strong>, the Governor of the Chelyabinsk Region <strong>Boris Dubrovsky</strong>, and ChelPipe Group shareholders <strong>Andrey Komarov</strong> and <strong>Alexander Fedorov</strong> officially launched the production of the new import-substituting products.</p> <p style="text-align: center;"><img alt="" src="" /></p> <p>ETERNO&rsquo;s split tees will allow for conducting repairs of the main pipelines under a working pressure of up to 9.8 MPa and then putting them into operation without stopping the flow of hydrocarbons. Thus far, it has been foreign manufacturers that have carried out the supply and tying-in of split tees without interrupting flow for Russian energy companies. ETERNO is planning to produce up to 150 units of new products on an annual basis as part of its strategic projects. This includes the second line of the Novy Urengoy&mdash;Surgut product pipeline, the Nord Stream 2 pipeline, as well as the projects that meet the repair and maintenance needs of Gazprom, Rosneft, and other oil and gas companies in the CIS. Launch of ETERNO&rsquo;s new product range is a step towards almost entirely achieving full import substitution in pipeline production.&nbsp;</p> <p>&ldquo;We are in the process of becoming not only independent in terms of imports, but nanotechnology allows us to produce more reliable and more stable world-class level products. In collaboration with our partners, we are creating White Metallurgy&mdash;an area that fundamentally changes the perception of the industry as conservative and dirty. We are confident that our investment of over 4.5 billion roubles is of strategic importance,&rdquo; said Chairman of the Board of MC RUSNANO <strong>Anatoly Chubais</strong>.</p> <p>&ldquo;The domestic market for split tees is rapidly growing, and we are prepared to offer our customers a number of obvious competitive advantages: efficient execution of orders, an individual approach, and high quality products made with modern materials, technologies and equipment. The launch of split tee production sees ChelPipe Group taking its latest important step in developing integrated supply, guaranteeing that the consumer enjoys uniform high quality standards for each and every item on the product range: pipes, couplings and other pipeline components,&rdquo; said ChelPipe Group shareholder <strong>Andrey Komarov</strong>.</p> <p>The ceremony was also attended by graduates of the corporate educational program led by the ChelPipe Group&mdash;the Future of White Metallurgy. The young mechatronics specialists created a program that allowed for launching the machines and assembly units involved in the technical process of producing split tees automatically especially for the ceremony.</p> <p style="text-align: center;"><img alt="" src="" /></p> <p>After the official ceremony marking the launch of production, Vladimir Putin visited the exhibition of RUSNANO&rsquo;s nanotechnology projects in new industrial sectors, which was hosted at ETERNO&rsquo;s premises.</p> <p>During the visit, the President also held an informal meeting with the staff and long-standing employees of the ChelPipe Group&rsquo;s enterprises.</p> Thu, 8 Dec 2016 12:00:00 +0300 Hevel Will Dilute Diesel Fuel With the Sun. The Company Attracted Hyundai to the Energy Sector of the Far East <p>Kommersant learned that Renova and RUSNANO JV, the Hevel Company, was launching a program to build 40 MW solar-diesel power stations in the Far East. Hyundai will supply diesel generators for the projects, which can also act as a co-investor. The payback of the projects in isolated areas of the Far East will be achieved by saving expensive imported diesel fuel. According to analysts, the cost of implementing such a project can reach up to 6 billion rubles.</p> <p>Hevel will build hybrid solar diesel electric power plants in the Far East. According to Kommersant&rsquo;s source, on September 6, within the framework of the EEF, the Russian company will sign an agreement on this matter with the Korean Hyundai Corporation and the Far East Investment and Export Agency. The total capacity of the projects is 40 MW, Hevel has already implemented similar projects in the villages Menza (Transbaikalia) and Yailyu (Altai). Hevel confirmed the information from Kommersant, Hyundai and the Agency have not respond to the request.</p> <p>Under the terms of the agreement, Hevel will act as an EPC contractor and a supplier of solar modules, Hyundai will supply diesel generators and accumulators, the financing will be joint. Kommersant&rsquo;s interviewees give no information about the pilot region and the cost of the power plants, Hevel only clarified the deadline of the project implementation, 2018-2022. Hevel&rsquo;s CEO <strong>Igor Shakhray</strong> noted that the company was interested in the experience of cooperation with foreign partners &ldquo;for further access to foreign markets with isolated energy supply systems&rdquo;.</p> <p>In the Far East, there are no mechanisms to support the construction of generation using renewable energy sources (RESs) introduced in the European part of the Russian Federation and Siberia. Payback is usually achieved by special tariffs on the retail electric power market (purchase of RES generation by networks to cover losses) and through contracts for RES supply on the wholesale market (guarantees return on investment due to increased payments from consumers). Investors in green generation in the Far East have to look for other ways of financing.</p> <p>So, Hevel plans concessions for upgrading inefficient diesel generation, which will include an energy service contract. Investments will be returned at the expense of a monthly payment pegged to the cost of saved fuel. Excess of solar output during the day is discharged into the battery and consumed at night, diesel is used at peak consumption&mdash;in the morning and in the evening. This scheme allows reducing the cost of energy in areas where diesel fuel prices are too high, and tariffs are subsidized. According to Hevel, after the 10 MW project implementation and return on investment, the size of subsidies from regional budgets for the period of operation of power plants (20-30 years) may decrease by 17.9 billion rubles, up to 100.5 billion rubles, the fuel consumption will decrease twice.</p> <p>A similar technology, but with the use of wind diesel power plants in the Far East is implemented by RAO Energy Systems of the East controlled by RusHydro. At the EEF, RusHydro is planning to sign an agreement with Chukotka and the &ldquo;Japanese investor&rdquo; on launching a pilot RES project in 2018, <strong>Roman Kopin</strong>, the Head of the Region, told to RIA Novosti. According to him, it concerns the wind and wind-diesel systems, the cost of the pilot is about 500 million rubles. &ldquo;The less we import coal, diesel, organics, the more effective the project is for us,&rdquo; Mr. Kopin explained. RusHydro did not comment on the details of the project.</p> <p>According to <strong>Natalia Porokhovaya</strong> from ACRA, the cost of the 40 MW hybrid power plants is about 6 billion rubles, savings will be 8,000 tons of oil fuel or 14,000 tons of coal per year. Development of photovoltaic power plants in remote areas is economically feasible, she says, whereas in the Unified Energy System, their payback is achieved only at tariffs that are ten times higher than the current price of electric power for the end consumer.</p> Thu, 7 Sep 2017 12:00:00 +0300 In the Samara Region, the First Regional Nuclear Medical Center Has Opened <h5>In Togliatti, the grand opening of the ninth Positron Emission Tomography Center by the RUSNANO portfolio company PET-Technology has been held. The opening ceremony was attended by the Interim Goveneror of the Samara Region Dmitry Azarov, RUSNANO Deputy Board Chairman Vladimir Avetisyan, and PET-Technology General Director Diana Kobesova. The extent of investments in the construction and equipping of the medical center amounted to 208 million rubles.</h5> <p>The diagnostic center is located at the Togliatti #5 City Clinical Hospital and is equipped with a modern GE Discovery 610 PET/CT scanner, with the capacity of 3-4 people per hour or 6 thousand people per year. By the end of this year, 420 PET/CT examinations are planned and about 5,000 diagnostic procedures in 2018.</p> <p>The Togliatti PET Center will become part of the diagnostic hub as a new model for organizing the production of radiopharmacueticals and of several diagnostic centers surrounding it. Radiopharamaceuticals required for PET/CT diagnostics will be delivered to the PET center in Togliatti from its own production center, PET-Technology, located in Ufa. Delivery will be carried out by special automobile and air transport.</p> <p>&ldquo;One of the main goals of building PET centers is to increase the availability of cutting edge medicine in the region. In this area, active cooperation with state authorities is underway: residents of the Samara Region can undergo diagnostic examinations free of charge within the framework of the state OMS (compulsory health insurance) system,&rdquo; said <strong>Diana Kobesova</strong>, CEO of PET-Technology. &ldquo;The method for examination, which is used at the center, allows for the quick determination of the extent of malignant processes in the human body. The results of the PET/CT examination enable the treating physician to plan the patient&#39;s treatment and monitor its effectiveness.&rdquo;</p> <p>For the purpose of continuing the medical education of doctors, it is planned to create various joint programs with medical institutions in the Samara Region. Employees of PET-Technology have an extensive network of professional contacts with leading centers in Europe and the USA, as well as possess the skills to conduct educational and scientific events.</p> <p>&ldquo;Our main goal is to ensure that as many people as possible have the opportunity to be healthy. All this depends on diagnosis at an early stage and proper treatment planning. The center, which is open today, will help people to have the opportunity to receive such assistance,&rdquo; said <strong>Dmitry Azarov,</strong> the Interim Governor of the Samara Region.</p> <p>In March 2018, another regional PET Center will be opened in the capital of the region, Samara, which will specialize not only in the diagnosis of cancer, but also in cardiological research: PET/CT diagnostics can be used to diagnose early stages of coronary heart disease, to study old heart attacks, assess shunting and its consequences. This will be the first center in Russia to apply PET/CT to cardiology in terms of practical radiology.</p> <p>&ldquo;The Samara Region in 2018 will be the only region in Russia where two PET centers will operate at once. Local authorities understand the social importance of this project and are contributing in every way to its implementation. RUSNANO is expanding the federal network of nuclear medicines centers every year. Today more than 53,000 patients have been examined in them with the overwhelming majority free of charge under OMS policy,&rdquo; said RUSNANO Deputy Board Chairman <strong>Vladimir Avetisyan</strong>.</p> Thu, 30 Nov 2017 12:00:00 +0300 RUSNANO Demonstrates IFRS Profit for the Third Consecutive Year <h5>RUSNANO Group, consisting of RUSNANO and consolidated subsidiaries (including MC RUSNANO LLC), announces financial performance indicators based on 2016 results in accordance with the International Financial Reporting Standards (IFRS).</h5> <p>In 2016, RUSNANO Group received a profit of 4.5 billion RUR.</p> <p>The net income from RUSNANO financial assets by fair value amounted to 5.6 billion RUR in 2016.</p> <p>The fair value of the investment portfolio was 140.6 billion RUR in 2016 compared to 140.4 billion RUR in 2015. At the historical cost assessment, a growth in the value of assets denominated in every currency amounted to 11.4 billion RUR, 11.3 million USD, and 1 million EUR respectively. In general, the investment portfolio profit without taking into account exchange rate differences was about 12.3 billion RUR.</p> <p>In 2016, revenues from exits from investment projects equalled 17.8 billion RUR, which is more than 2.6 times more than the same indicator of 2015 (6.8 billion RUR). The largest and most successful exits include the sale of RUSNANO shares in such companies as Micron, Danaflex-Nano, DSK Grad, Uralplastic, and Nikomag. The average yield (IRR) of 11 exits sold in 2016 calculated to the value of the portfolio at the time of transfer of assets under the management of MC RUSNANO was about 11%. The average IRR for all exits for all the time is 14.9%.</p> <p>In 2016, the fair value of the portfolio taking into account revenues from exits exceeded investments by 1.7 billion RUR.</p> <p>The RUSNANO debt in 2016 was reduced by 16.4 billion RUR including early repayment of obligations for 2.6 billion RUR. In 2016, interest payments amounted to 15.8 billion RUR compared to 13.2 billion RUR paid in 2015. In general, for the entire period of its activity, RUSNANO allocated 63.7 billion RUR to service the debt as interest and coupon payments and more than 41 billion RUR to repay the principal.</p> <p>As a result of 2016, the total amount of funds attracted from third-party investors in 4 new funds amounted to 20 billion RUR. In addition, in early 2017 the creation of two more new funds was approved, thanks to which attracted investments will equal 48 billion RUR. In accordance with RUSNANO&rsquo;s long term development strategy, the amount of funds attracted to new funds will be 150 billion RUR in 2020.</p> <p><strong>Boris Podolsky</strong>, Deputy Chairman of the Management Board&mdash;Managing Director of MC RUSNANO, said, &ldquo;RUSNANO reporting clearly demonstrates the process we have been talked about: the first investment cycle is coming to an end; we are exiting portfolio companies and are starting the second investment cycle. By 2017, we have exited 27 projects and in the upcoming years this trend will increase. Most exits from RUSNANO projects are planned for 2017-2019.&rdquo;</p> Thu, 27 Apr 2017 12:00:00 +0300 RUSNANO and Fortum Create a Wind Energy Development Fund <h5>The Boards of Directors of RUSNANO and Finnish company Fortum approved the establishment of an investment wind energy development fund, with a view to invest in the construction of wind parks and launch projects on the wind turbine production localization as well as venture projects in renewable energy.</h5> <p>The parties are considering the possibility to construct and put into operation wind parks with a total capacity of several hundred Megawatts within 5 years, which will allow taking a significant share of the Russian wind energy market.</p> <p>Within the partnership, RUSNANO and Fortum on a parity basis intend to invest a total of 30 billion RUR in these projects. The financing of projects will also be carried out through obtaining Russian project financing (without recourse to borrowers). The interest in participating in the project has been voiced by a number of largest banks.</p> <p>A foreign supplier of wind turbines from among the world&#39;s largest producers, with whom RUSNANO and Fortum are at the final stage of negotiations, will be selected to implement the project. One of the main conditions of the selection of the supplier is the equipment production localization program on the Russian territory. The localization level will increase annually and should reach 65% by 2019.</p> <p>In addition to the participation in the Fund RUSNANO intends to independently invest in localization projects up to 1 billion RUR. Such projects are planned to be implemented together with the selected supplier and its OEM partners as well as Russian technological partners. The investments will be aimed at creating the production of nodes and components of wind turbines: blades, towers, generators and other components. The listed products will be, among other things, manufactured using nanotechnologies. The Project implementation will give effect in related industries (metallurgy, materials science, power engineering, construction, engineering, service), allow including Russian enterprises in the global supplier chain and realizing their export potential.</p> <p>In 2017, Fortum plans to complete the construction of a wind park with a capacity of 35 MW, which is supposed to be included in the partnership. The selection of sites for other wind parks with potential investments from the fund, is being made in Rostov, Ulyanovsk, Murmansk, Krasnodar and Stavropol regions, the Republic of Tatarstan and other regions. Promising development areas are determined based on wind parameters, logistics, accessibility of the power grid infrastructure and readiness of the local authorities to support the implementation of projects.</p> <p>The global wind energy market continues to develop in a sustained way: more than a half of global wind power generation was launched for the last 5 years. Wind was a key source of new generation in Europe and the USA, and the second in importance in China. The total capacity of all wind parks put into operation in the world as of now amounts to about 500 GW.</p> <p>Thanks to its geographical and climatic features, the Russian Federation has the largest wind power potential in the world. The creation of the Fund and the launch of localization projects will allow forming two new high-tech industries in Russia: production of equipment for wind generation and construction and operation of wind parks.</p> <p>It is planned that within 3-5 years wind parks constructed and put into operation may interest financial strategic partners as well as energy companies investing in renewable generation.</p> Thu, 27 Apr 2017 12:00:00 +0300 First Solar Diesel Electric Power Plant in the Trans-Baikal Territory Is Launched <p>On January 26, 2017, PJSC &ldquo;Rosseti&rdquo; in cooperation with Hevel Group of companies launched the first autonomous hybrid electric plant (AHEP) in the village of Menza, Trans-Baikal Territory, Russia, to provide uninterruptible power supply to three hard-to-reach villages.</p> <p>AHEP consists of solar modules of 120kW in total, two diesel generators of 200kW each, and a power storage device of 300kWh capacity.</p> <p>Use of solar modules and a modern intelligent control system of the electric plant will allow decreasing the consumption of diesel fuel from 250,000 to 86,000 litres per year. AHEP will decrease the atmospheric emissions of carbon dioxide by 500 tons within a year.</p> <p>The implementation of the project within the frameworks of public-private partnership has allowed to avoid the growth of the tariff burden on end consumers of the electric power, and guarantees the reduction of expenses from the regional budget due to the reduction of subsidies to compensate for the costs of the diesel fuel delivery. The project provider from the part of PJSC &ldquo;Rosseti&rdquo; was its subsidiary PJSC &ldquo;IDGC of Siberia&rdquo;.</p> <p><strong>Natalya Zhdanova</strong>, Head of the region, emphasized that the launch of the first solar diesel electric power plant in the Trans-Baikal Territory is an example of successful private-public partnership.</p> <p>&ldquo;Without any exaggeration, we are participants and witnesses of a significant event both for our region and our country in general. It is the first solar energy power plant in the Trans-Baikal Territory. At the same time, it is a good example of successful private-public partnership, an example of the fact that the authorities and businesses can jointly solve specific real-world problems.</p> <p>We have a lot of sun in the Trans-Baikal Territory. In addition, we have a lot of remote and hard-to-reach areas. Today, 23 residential localities of our region need stable and quality energy supply. Our task is to fully solve the problem of energy supply to these localities in the next three years. It is already planned to build two additional solar electric power plants in the region in 2017 in order to improve the quality of life of residents of the remote areas and provide their economic development.&rdquo;</p> <p>As <strong>Roman Berdnikov</strong>, First Deputy General Director, PJSC &ldquo;Rosseti&rdquo;, said: &ldquo;Rosseti is fulfilling a complex programme to modernize the network service complex in the Trans-Baikal Territory. I&rsquo;m sure that our experience of collaboration with the Trans-Baikal Territory will become a positive example for other Russian regions that are now looking for the solutions of the top-priority government task - to improve the reliability and quality of the power supply in the remote and isolated territories.&rdquo;</p> <p><strong>Igor Shakhray</strong>, General Director of Hevel Group of companies, noted: &ldquo;I&rsquo;m glad that we managed to jointly find such formula for the project fulfilment that helps improve the quality of life of residents in the remote and isolated areas and make this project cost-effective with no increase of expenses from the budget. The first return on investment will be completed within the frameworks of the energy-service contract and will be tied to reduction of expenditures for diesel fuel; therefore, we are, as investors, directly interested in the electric power plant efficiency increase.&rdquo;</p> <p>The autonomous hybrid electric power plant in the village of Menza is also a pilot project being a part of implementation of the National energy-sector project Development of Local and Integrated in the UES Sources of Energy Supply based on Photoelectric Heterostructure New Generation Modules.</p> <p>The programme of construction of over 100 autonomous hybrid electric power plants (AHEP) until 2021 was developed within the National project.</p> <p>The ceremonial launch of the first power plant was attended by: Aleksey Teksler, First Deputy Minister of Energy of the Russian Federation; Natalya Zhdanova, Governor of the Trans-Baikal Territory; Igor Shakhray, General Director, Hevel Group of companies; Viktor Pazdnikov, Minister of Territorial Development of the Trans-Baikal Territory; and Vitaly Ivanov, Acting General Director, PJSC &ldquo;IDGC of Siberia&rdquo;.</p> Thu, 26 Jan 2017 12:00:00 +0300 Rusnano Sistema Sicar to invest in development and manufacturing of construction 3D printers <h5><strong>Moscow, </strong><strong>21&nbsp;September 2017</strong>&nbsp;&mdash; Rusnano Sistema Sicar, a private equity fund established by Sistema and RUSNANO, will invest up to USD 6m in Apis Cor, a developer and manufacturer of unique construction 3D printers. This will be the first investment made by Rusnano Sistema Sicar.</h5> <p>The Apis Cor 3D printer is a mobile robot capable of constructing buildings using fine-grained fibre concrete with special additives. It can build walls of buildings to any design in very short time-frames. This technology has no peers anywhere in the world. Today, the technology can be used to construct buildings up to three storeys high. The printer is competitive with conventional technologies on cost and significantly outperforms them in terms of speed and ease of construction. Apis Cor&quot;s technology is expected to make cottage construction 19% cheaper compared to foam concrete houses as early as in 2018, with the potential for further cost reduction projected at <nobr>20&ndash;30</nobr>%.</p> <p>Apis Cor has an effective full-cycle solution and is now entering the phase of active commercial growth. The company&#39;s potential customers are based not only in Russia, but also in Asia and the Middle East, where state programmes for construction of social <nobr>low-rise</nobr> housing and infrastructure are under way, as well as the US and Europe, where demand is high for original and highly complex architectural designs for houses and cottages.</p> <p>Apis Cor is expected to have a fleet of several dozen of 3D printers by the end of 2018. Revenue in 2018&nbsp;is expected to reach tens of millions of US dollars.</p> <p>Sergey Dergach, CEO of Sistema Consult, a company acting as an investment adviser to Rusnano Sistema Sicar, said: &laquo;3D printing has enormous potential for the construction industry, with a projected share of up to 30% of the global <nobr>low-rise</nobr> cottages market, which is valued at USD 68bn. Rusnano Sistema Sicar&#39;s investment philosophy is to support established or emerging champions in the segment of industrial and high technologies. With its first and as yet unrivalled solution capable of successfully outperforming conventional technologies, Apis Cor has the potential to become a leader in the 3D construction industry and claim first-mover premium in this fast-growing market.&raquo;</p> <p>&laquo;We are pleased that Apis Cor has become our fund&raquo;s first investment. The company is a pioneer in the 3D printing industry and its technology has no peers on the global stage. Apis Cor&#39;s solution makes the construction process cheaper and drastically changes the entire industry. We are seeking to work with innovative companies that require not only financing, but also the experience and resources offered by investors such as RUSNANO and Sistema,&quot; said Sergey Vakhterov, Managing Director of RUSNANO MC.</p> Thu, 21 Sep 2017 12:00:00 +0300 RUSNANO Portfolio Company Nanolek Will Fully Satisfy the Demand of Russia in the Inactivated Polio Vaccine <h5>Notwithstanding the increased demand in inactivated polio vaccine, biopharmaceutical company Nanolek will in the years 2017 and 2018 reach the volume of the vaccine manufacturing, which will make it possible to fully satisfy the demands of the Russian market and provide for the uninterrupted supplies of the vaccine to medical institutions</h5> <p>According to the Health Ministry of the Russian Federation, there is a deficit in the inactivated polio vaccine (IPV) due to the increased world demand in it. Since its foundation, RUSNANO portfolio company Nanolek has been actively involved in the development of the vaccines portfolio. The first vaccine to be manufactured by the company was POLIMILEX&reg;, an inactivated vaccine for prevention of poliomyelitis, the clinical trials and registration of which are completed. The technologies are transferred in cooperation with Bilthoven Biologicals (the Netherlands). This vaccine will be the first inactivated polio vaccine manufactured in Russia.</p> <p>Nanolek expects to fulfil all obligations to the Ministry of Health on shipping the IPV until the end of the year 2017 and is ready to supply the required amounts in the year 2018.</p> <p>The manufacturing site of Nanolek in the Kirov Region is a technological complex, created according to GMP and ISO standards and consisting of three autonomous process buildings with advanced high-technology equipment. The complex provides for the use of several full-cycle manufacturing technologies: manufacturing of biotechnological manufacturing in pre-filled syringes and bottles, manufacturing of solid forms.</p> <p>From the end of the year 2014, the plant has been involved in manufacturing solid-dosage forms of both its own medicines and within the limits of the contractual manufacturing. At the end of the year 2016, the plant started manufacturing in the biotechnological building. The plant space provides for further expansion and increase of the manufacturing capacities.</p> <p>Nanolek is also implementing the innovative solution of the recombinant season vaccine for the annual immunization for the purpose of the flue prevention. As a result of preclinical studies it was proved that the product has a high safety profile and high&nbsp;immunogenicity. Clinical trials of the 2nd stage are performed. The entrance to the market is expected in the year 2022.</p> <p>&ldquo;In relation to recommendations of the World Health Organization, now we switch to using the most effective inactivated polio vaccine. Full switch should be completed by the end of the year 2019. Nanolek is the only manufacturer of such vaccine in Russia and is ready to satisfy the demand of the country in it in full. The innovative pharmaceutical complex of the company meets the international standards and all the requirements for the manufacturing of modern innovative medicine. Agreements with the majority of the largest pharmaceutical world companies confirm that,&rdquo; said <strong>Olga Shpichko</strong>, the Managing Director on Investment Activity of the Management Company RUSNANO.</p> Thu, 17 Aug 2017 12:00:00 +0300 The Fund Created by RUSNANO and Fortum Won the Tender for Construction of Wind Parks <p>The bids of the investment Fund of Wind Power Engineering Development that has been created by RUSNANO and Fortum for 1,000&nbsp;mW have been selected within the tender of investment projects of construction of power generating plants on the basis of renewable energy sources.</p> <p>The selected bids were submitted in respect of the projects that should be put into operation in 2018-2022. The projects will be implemented under the contracts for provision of power&nbsp;(CPP) concluded for the term of 15&nbsp;years.</p> <p>Within the partnership, RUSNANO and Fortum on a parity basis intend to invest RUR&nbsp;30&nbsp;bln into construction of the wind parks in Russia. For the purpose of implementation of the projects it is planned to attract a debt financing of the projects.</p> <p>The investment decisions will be made for every individual project under the general mandate of the Fund of Wind Power Engineering Development.</p> <p>&ldquo;We are satisfied with the results of the tender. The winning makes the portfolio company of our fund&mdash;Fortum Energia&mdash;the largest player of the Russian alternative energetics in general and of wind-power engineering sector in particular. We are going to implement one of the most ambitious projects in the existing domestic renewable power generation sector, and we are sure that we will meet that challenge&rdquo; noted the deputy head of the Investment Division&mdash;head of the Perspective Energy Projects Unit of the MC RUSNANO, <strong>Alisher Kalanov</strong>.</p> <p>In addition to the investments within the Fund, RUSNANO intends to invest additionally up to RUR&nbsp;1&nbsp;bln into equipment localization projects. The investments will be aimed at creating the production of nodes and components of wind turbines: blades, towers, generators and other components.</p> Thu, 15 Jun 2017 12:00:00 +0300 RUSNANO Successfully Quitted DANAFLEX-NANO <p>RUSNANO has completed the deal for sale of its share to Danaflex Group. RUSNANO&rsquo;s investments allowed for launching the most advanced production of packaging materials in Russia using nanotechnologies.</p> <p>Construction of Danaflex-Nano&rsquo;s plant began in 2009. Currently, the Company is an absolute leader of the flexible packaging market in Russia.&nbsp;Following the results of 2016, Danaflex-Nano&rsquo;s revenue should amount to approximately 7 billion roubles.</p> <p>The Company&rsquo;s clients include the leading Russian and international manufacturers of food products: Unilever, Nestle, Fritolay, Mondel&eacute;z, Maheev, Efko, Makfa, Mirital, Akkond, and many others.</p> <p>The key advantage of Danaflex-Nano&rsquo;s products is the possibility of considerable decrease in the amount of preservatives and increase in the shelf life of food products and other products packed using such wrap. This is achieved due to considerable decrease of the package permeability for oxygen and other aggressive environmental factors.</p> <p>&ldquo;The Company&rsquo;s success is a fortunate combination of several factors. I will place special emphasis on the contribution of Tatarstan&rsquo;s administration and personally Mr Rustam Minnikhanov who has supported our project from its very start. I hope to continue our cooperation with him in other areas. Tatarstan remains a priority region for us both from the point of view of scientific potential and its industrial opportunities. The second component of success is the entrepreneurial talent of the Company&rsquo;s founder Ayrat Bashirov, who has not only believed in the prospects of new technologies, but accepted the responsibility and risk related to their implementation and bringing them to the market. We expect that after RUSNANO quits the Danaflex project, it will continue demonstrating high growth rates and its commitment to innovations,&rdquo; Chairman of the Board of Management Company RUSNANO <strong>Anatoly Chubais</strong> noted.</p> <p>&ldquo;We have made a dramatic breakthrough due RUSNANO&rsquo;s investments. Recalling the time when our partner entered the project, then we had only flexible packaging production business running.&nbsp;When the deal was completed, we have become a high-tech company on the market both in flexible packaging production and film materials in Russia. From 2012 to 2016, we were annually included in the National Rating of Russian quickly growing technology companies &lsquo;Tekhuspekh&rsquo; (&lsquo;TechUp&rsquo;), We sincerely thank the administration of Tatarstan and RUSNANO for their support rendered to our Company at all stages of the project. Now we are setting new ambitious targets for further drastic development and export of our products to the global markets,&rdquo; the president of the Company DANAFLEX <strong>Ayrat Bashirov</strong> believes.</p> Thu, 15 Dec 2016 12:00:00 +0300 PROFOTECH and Maxwell Work with Swiss Precision <p>In Villarepos (Switzerland), for the first time in Europe, a Groupe-E substation was installed and connected to a combined optical current and voltage transformer co-manufactured by the RUSNANO portfolio company PROFOTECH and the Swiss company Maxwell. This innovative solution is a joint development in the framework of the implementation of the strategic cooperation agreement signed in early 2017. The implementation of this project is another step for JSC PROFOTECH in the development of its international activities.</p> <p>Combined optoelectronic current and voltage transformers are a unique product unparalleled in the whole world. They combine all the advantages of two electronic transformers in one. Their reduced size and weight compared to conventional electromagnetic transformers means that combined transformers can be installed in small substations where there is limited space.</p> <p>The set of installed equipment consists of three measuring columns and two electronic-optical control units connected by a special optical cable. The task of the project is to demonstrate the new technical capabilities of digital optical measuring equipment. During the test operation period, the equipment will work in conjunction with the previously installed analogue current and voltage transformers.</p> <p>Application of the combined solution saves space on the substation, reduces construction and installation work, reduces operating costs (high-voltage part does not require maintenance). An important feature of this solution is the improvement of personnel safety when working in secondary circuits. Operational personnel of the substation notes that the smaller weight and dimensions allowed the Swiss power engineers to modernize without performing concrete and foundation works.</p> <p>Due to the reduced number of mounted elements (current and voltage transformers are combined in the same construction), careful preparation and exact observance of all installation dimensions, specialists of PROFOTECH, Maxwell and Groupe-E managed to perform the installation several times faster than usual.</p> <p>By introducing optical technologies developed by PROFOTECH and Maxwell, Groupe-E lays the foundation for the transition to digital intellectual energy, which is an important part of the digital economy.</p> Thu, 12 Oct 2017 12:00:00 +0300 Selecta Biosciences Commences Dosing in Phase 1 Clinical Trial of Nicotine Vaccine for Smoking Cessation and Relapse Prevention <p>Selecta Biosciences, Inc.&nbsp;(NASDAQ:SELB) today announced that patient dosing has commenced in a Phase 1 clinical trial to assess the safety, tolerability and pharmacodynamic profile of SELA-070, a nicotine vaccine candidate in development for smoking cessation and relapse prevention. The project is being funded primarily by an&nbsp;$8 million&nbsp;grant (#U01DA037592) from the&nbsp;National Institute on Drug Abuse&nbsp;(NIDA), part of NIH.</p> <p>Selecta&rsquo;s Synthetic Vaccine Particles (SVP&trade;) technology is designed to be a versatile platform and is being utilized in a series of programs aimed at inducing either antigen-specific immune tolerance or immune stimulation. SELA-070, an immune stimulation product candidate, delivers nicotine conjugated to the surface of nanoparticles that encapsulate immune stimulating agents. This second-generation product candidate is intended to induce a strong and durable immune response by triggering the production of a high level of anti-nicotine antibodies that bind to the nicotine inhaled by smokers, thus preventing nicotine from crossing the blood-brain barrier and triggering an addictive response.&nbsp;</p> <p>&ldquo;Smoking continues to profoundly impact our society and remains as one of our greatest public health challenges,&rdquo; said&nbsp;<strong>Werner Cautreels</strong>, Ph.D., CEO and Chairman of&nbsp;Selecta. &ldquo;We are very proud and motivated to be teaming with NIDA on this trial to determine if SELA-070 might benefit the millions of smokers in the U.S. and worldwide who are seeking ways to overcome their addiction and improve their health.&rdquo;</p> <p>Approved by the&nbsp;Federal Agency for Medicines and Health Products&nbsp;in&nbsp;Belgium, the Phase 1 trial is a double-blind, placebo-controlled, dose escalation study that is expected to enroll 48 smokers in&nbsp;Belgium. Patients will receive three injections of SELA-070 or a placebo over a period of 12 weeks followed by 8 weeks of monitoring. In addition to safety, the study will evaluate the vaccine&rsquo;s potency through the measurement of concentrations of nicotine-specific antibodies.</p> Thu, 11 May 2017 12:00:00 +0300 RUSNANO’s Portfolio Company “Nanolek” and South Korean SK Chemicals Are Launching a Joint Project for the Development and Production of Vaccines <h5>NANOLEK announces cooperation in joint developments, research and production of vaccines with SK Chemicals, one of the leading biopharmaceutical companies in South Korea. The agreement was signed within the framework of the Eastern Economic Forum</h5> <p>Within the framework of cooperation, the companies are planning to conduct joint research activities, as well as to transfer know-how and technology followed by the integrated production of several vaccines licensed by SK Chemicals at the NANOLEK&rsquo;s plant in the Kirov Region. The first products of this partnership are presented by vaccines for prevention of rotavirus infection and infection caused by human papilloma virus (HPV). Both vaccines are currently not included in the Russian National Calendar of Preventive Vaccinations for widespread immunization, but are recommended by doctors due to the high prevalence of these diseases, as well as the potential complications of these infections. Vaccines are widely used in Russia and worldwide.</p> <p>According to the statement made by Minister of Health of the Russian Federation Veronika Skvortsova in autumn 2016, the National Calendar of Preventive Vaccinations can be expanded starting from 2019 with two new positions due to the production of local vaccines against rotavirus and chicken pox, thereby increasing the number of infectious diseases not affecting the Russian children up to the standards of the European calendars.</p> <p>Preventive vaccination against human papilloma virus prevents infections caused by certain varieties of HPV, as well as cervical cancer, head and neck cancer, genital warts and some rarer tumors associated with this infection. The highest mortality is marked among women under 40.</p> <p>SK Chemicals is specialized in the development and production of biotech drugs, including vaccines, in cooperation with leading international commercial and public organizations, such as Sanofi Pasteur, the Bill and Melinda Gates Foundation, etc. NANOLEK will become the first Russian partner of the company.</p> <p><strong>Vladimir Khristenko</strong>, President, NANOLEK: &ldquo;In partnership with South Korean company &ldquo;SK Chemicals,&rdquo; we are approaching a deeper level of cooperation covering not only the production of vaccines on a full cycle in our company, but also conducting joint research in the development and evaluation of the effectiveness and safety of drugs. Our joint goal is to make affordable the most modern vaccines for the Russian consumer in the most efficient and safe way. Our mission is to protect children and adults from serious infections and their consequences.&rdquo;</p> <p><strong>Jae Yong Ahn</strong>, Head of the Vaccine Business, SK Chemicals: &ldquo;A Memorandum of Cooperation with NANOLEK is another important step that demonstrates the capabilities and commitment of our company to the health care market through research, developments and further production of modern vaccines in Russia.&rdquo;</p> Sat, 16 Sep 2017 12:00:00 +0300 Hevel Group Modernized the Plant and Increased the Volume of Solar Modules Production Two Times <p>Hevel Group (joint venture of Renova Group and RUSNANO) completed the modernization of the production line and increased the manufacturing complex capacity up to 160 MW per year. That volume of production will allow to satisfy 50% of the current demand at the Russian market of solar energy.</p> <p>The plant began production of solar module using a radically new technology: heterostructure technology. It differs from the majority of analogues by the highest efficiency of electricity production: the average efficiency coefficient of cells makes more than 22%. Moreover, new modules are more efficient in diffused light and at high and low temperatures, which significantly extends the geography of their application.</p> <p>&ldquo;With respect to majority of parameters our solar modules are considerably superior to their world analogues in the silicone segment&rdquo;, said the General Director of Hevel Group, <strong>Igor Shakhray</strong>. &ldquo;More than double increase of solar modules efficiency as compared to the previous technology allows to cut down expenses significantly not only for production of panels, but also for building of solar plants, which opens wide prospects with regard to implementation of large-scale projects both in Russia and abroad&rdquo;.</p> <p>One of the advantages of the plant is the flexibility of the production process: now, the manufacturing line produces not only solar modules, but also high-efficiency cells that can be exported for assembling of modules in the country, where solar plants are built.</p> Mon, 3 Jul 2017 12:00:00 +0300 10% of Saint Petersburg’s Trolleybus Fleet Will Get Lithium-ion Accumulator Batteries from Liotech <h5>Liotech-Innovations Ltd will deliver 66 vehicle sets of lithium-ion accumulator batteries (LIAB) for Russian trolleybus manufacturer TROLZA. The project is implemented under the contract between Trolza and the Transport Committee of Saint Petersburg for delivery of trolleybuses with extended autonomous travel distance for the purpose of renewal of urban electric transport.</h5> <p>Currently, there are 46 trolleybus routes in the city, and the fleet consists of more than 600 trolleybuses. Therefore, 10% of the trolleybus fleet will be equipped with lithium-ion accumulator batteries produced by Liotech-Innovations Ltd. All vehicles that will be delivered under the contract have autonomous cruising range of 7.5 km.</p> <p>&ldquo;The increasing number of trolleybuses with extended autonomous travel distance on the Russian roads is an important stage of electric transport evolution allowing to create in Russia competencies in development and manufacturing accumulators with power capacity up to 100 kWh and to move subsequently to production of more powerful (200-400 kWh) accumulators for their usage in electrobuses and other heavy vehicles. This is also convenient for the urban operating companies&mdash;they get an opportunity to test-operate vehicles with autonomous electric movement and to use that experience in introduction of electrobuses&rdquo;, said the managing director for investment activity of MC ROSNANO, <strong>Vladimir Kozlov</strong>.</p> <p>According to the forecasts, by 2025 the total storage capacity of accumulators of urban transport will make more than 10 GWh. Under the contract Liotech-Innovations produces and delivers not only lithium-ion accumulators, but also top-level engineering solutions: accumulator battery embedding custom-made frame and management and temperature control system. Currently, Liotech is the center of Russian competencies in mass production of lithium-ion cells and batteries made of such cells.</p> <p>&ldquo;Development of cooperation with Trolza means for us recognition of quality and efficiency of our products. In addition to 66 vehicle sets for trolleybuses, a large consignment of trolleybuses with autonomous travel distance will be delivered by Trolza for their use in the Southern Federal District. We are not going to stop at what has been accomplished and actively present the products of Liotech-Innovations Ltd. at leading international technological exhibitions. For example, by the end of the year the number of electric transport with increased autonomous travel distance equipped with LIAB&rsquo;s produced by Liotech-Innovations will be approximately 150 units. Liotech-Innovations Ltd is busy with work, the number of employees at the enterprise is increasing and has already reached 200 persons&rdquo;, noted the General Director of Liotech-Innovations Ltd. <strong>Valery Yarmoshchuk</strong>.</p> <p>Liotech supplies the energy market. In early 2017, another RUSNANO portfolio company Hevel launched the hybrid electric power plant (AHEP) in Menza village, Trans-Baikal Territory, Russia. AHEP consists of solar modules of 120 kW in total power, and two diesel generators of 200 kW each. The accumulator cells for the power storage device with 300 kWh capacity produced by Liotech were used for the electric power plant development. As planned, in 2017, Hevel will build two more hybrid electric power plants in the Trans-Baikal Territory, Russia, where Liotech power storage devices can also be used as a completely finished containerized product, including all electronic and control systems (the supplier&rsquo;s choice will be defined upon the tender). The latest plant&rsquo;s innovations will be used for Liotech power storage devices with a full quality assurance.</p> <p>Furthermore, the Russian producers of commercial transport vehicles inquire delivery of LIAB sets both for electric motor vehicles, electric buses, and special equipment. At this moment, the finished solutions for other specialized machinery are also being developed, in particular, for the mining industry.</p> <p>In early June, Liotech-Innovations took part in the International Specialized Exhibition of Mining Technologies named &ldquo;Coal of Russia and Mining 2017&rdquo;, where more than 400 companies, including more than 100 foreign manufacturers of vehicles and mining equipment, showed their developments. At that exhibition Liotech-Innovations presented its LIAB in RV for AM8D mining electric locomotive. Foreign partners&mdash;equipment manufacturers showed interest in respect of the company&rsquo;s products noting the sustainability of implementation and development of lithium-ion technologies in the nearest 20 years.</p> Mon, 3 Jul 2017 12:00:00 +0300 RUSNANO’s Portfolio Company Advenira Launched Production in Kazan <h5>The enterprise located in the territory of KhimGrad technological park started production of chemical agents for application of multi-field coatings. Potential clients include machinery, pipe and aerospace companies of the country.</h5> <p>Advenira Enterprises, Inc. has been founded in 2010 in the Silicon Valley by a group of Russian specialists headed by Elmira Ryabova. In December 2011, RUSNANO has become one of the company&rsquo;s shareholders and up to this day it has invested more than RUB 1 bln.</p> <p style="text-align: center;"><img alt="" src="" /></p> <p>Advenira develops both the coating equipment and precursors (chemicals, solutions). Advenira creates anticorrosive coatings for oil and gas, automotive and machine-building industries, protective coatings for touch screens, automobile and energy-saving glasses as well as for solar batteries.</p> <p>The volume of the global market of coatings makes more than $50 bln and about a half falls on anticorrosive coatings.</p> <p>The company&rsquo;s know-how protected by a number of patents allows to apply films on large and complex objects of almost any composition whether it be glass, metal, plastic or even wood. The major part of the existing coating application processes requires deep vacuum and high temperature for precipitation, which is associated with high energy consumption. The patented films of Advenira are cost effective as they are used at room temperature and atmospheric pressure on a high performance conveyor line.</p> <p>This results in plant cost reduction (by 3-5 times) and reduction of the cost of a square meter of coating (up to 10 times) due to high performance, efficiency and low energy consumption, as well as better characteristics of the coatings (transparency, barrier properties, erosion resistance, etc.) in comparison with other application methods.</p> <p>&ldquo;Six years ago, when we saw the work of Elmira Anatolyevna Ryabova in the Silicon Valley we were highly impressed. To say the truth, by that time it were several cans with something boiling and bubbling inside. And it wasn&rsquo;t something very large. But the essence of that technology is amazing. This is about coatings that do not require vacuum and high temperature for application. The main know-hows are the composition and the method of application. The range of application and the surfaces is very broad, and the potential of that technology is great. A minor production with the capacity of 30 thousand litres per year is being launched at the moment. The next step is 300 thousand litres. The potential consumers range from automotive industry, including KAMAZ Group (we are conducting negotiations with it), to petrochemical industry, covering of bridges and even monuments&rdquo;, said the Chairman of the Board of MC RUSNANO, <strong>Anatoly Chubais.</strong></p> <p>Advenira launches a site in the territory of KhimGrad technological park for production of chemical agents (precursors) for coatings. It is planned that in the near future the equipment for application of coatings will be installed at the same site. At the first stage, the volume of chemical agents&rsquo; production will not exceed 30 thousand litres per year, but subsequently the volume will be increased 10 times.</p> <p>Advenira&rsquo;s products and services have already aroused the interest of a number of Russian players from several industries that intend to use the company&rsquo;s coatings for extension of service life of their products and reduction of costs. In particular, the company signed agreements of intent with OZ company, which produces anticorrosive and fire retardant coatings for metal structures and concrete, with Milandr&mdash;leading Russian developer and manufacturer of integrated circuits, and with RMA Rus&mdash;manufacturer of stop valves for pipelines.</p> <p>&ldquo;The market of functional and protective coatings is growing incredibly fast. This is explained by the companies&rsquo; endeavours not only to reduce costs by extending the service life of their products and to extend the range their properties, but also to minimize the negative effect of industry on the environment. Advenira is trying to solve these two problems. And, as far as we can see, Elmira Ryabova&rsquo;s company has achieved tangible results. For that reason, we in OZ believe that our joint efforts in development of coatings and their application technologies will let us generate a technological solution allowing to ensure a durable protection of our customers&rsquo; products, while preserving non-renewable natural resources and the ecosphere of the Earth&rdquo;, said the General Director of OZ GROUP LLC, <strong>Grigory Shifrin</strong>.</p> <p>In March 2016, Advenira established its first enterprise in Russia, in the territory of New Moscow, Troitsk, at the site of TechnoSpark nanotechnological center. The aim of Advenira center is the promotion of nanocomposite materials at the Russian market by means of implementation of functional coatings in various industries. The center has nanotechnological equipment for precision and uniform application thin films with thickness of 3 to 10 microns and more heavy coatings (up to 100 microns) on plain bases and details with complex geometry. The center uses necessary equipment for preparation of surface before application of coatings and laboratory instruments for control over the characteristics coating solutions.</p> <h2>Technical Information</h2> <p>Currently, there are several standard approaches to application of functional nanocomposite films. This is physical vapour deposition (<strong>PVD</strong>), &nbsp;&nbsp;&nbsp; chemical vapour deposition (<strong>CVD</strong>) and some methods for a limited number of liquids, in particular, sol-gel process, which ensures unique advantages, but is not widely used due to significant shortcomings where the short life of precursor solutions is the main one. The <strong>SDN</strong> (Solution Derived Nanocomposite) technology is a modification of the sol-gel method that has overcome problems maintaining the precursor solution in its initial state.</p> Mon, 26 Jun 2017 12:00:00 +0300 Rusnano Sistema SICAR to Invest in GEOSPLIT, a Developer of an Innovative System for the Monitoring of Oil-producing Well Inflow Profiles <p>Rusnano Sistema SICAR, a fund created jointly by PJSFC Sistema and RUSNANO, announces it is investing $1.5 mln in GEOSPLIT, a Russian company that specializes in development of technologies for marker monitoring of horizontal well inflow profiles. The company&rsquo;s unique technology uses special markers-reporters&reg; from quantum dots. The fundamental difference of the new technology from conventional test wells consists of the possibility of monitoring well intervals over a long period without downhole operations, reducing expenditures and increasing production safety.</p> <p>GEOSPLIT plans to use the funds from this transaction to development of technology, the expansion of the product portfolio and the launch of the export program.</p> <p>In recent years, oil and gas production from horizontal wells, stimulated by means of multistage hydrofracturing (MHF), is increasing across the globe. With the total growth of horizontal well drilling volumes, increase of horizontal wellbore length and number of MHF stages, oil production increase often does not meet the design level, and one of the most important tasks during field development is obtaining complete information about inflows of producing well intervals.</p> <p>Markers-reporters&reg; of quantum dots (linear size 2-6 nm) are applied on the proppant material used to fix cracks created during hydraulic fracturing (HF). During each HF stage, some amount of proppant with a certain code of markers is injected in the formation. After well development, the markers are washed away by the fluid inflow from the formation within one year. In the course of sampling from the wellhead and subsequent laboratory analysis, special equipment determines the concentration of each kind of marker, allowing for estimation of performance and distribution of formation fluid phases across all well intervals.</p> <p>GEOSPLIT&rsquo;s business model is that of a service provider, offering a full package of services in a sample analysis after MHF over the course of one year. The package includes: production and supply of marked proppant to the field, supervision during MHF, sampling, delivery and analysis of formation fluid samples and interpretation of results and recommendations to the customer to increase the efficiency of technical solutions for well completion and field development. The non-resource-intensive and relatively inexpensive GEOSPLIT method allows for the large-scale use of the technology and to obtain statistical data for MHF design optimization, determination of formation compartment depletion, the optimization of the number of MHF stages and number of ports, length of horizontal sections, etc.</p> <p>&ldquo;At present only an insignificant part of the horizontal well stock in Russia is being studied. Experts note the potential growth on the market of well marker surveys up to 35% of the total market volume by 2026. GEOSPLIT may occupy a dominant position in the market due to its technological advantages over Russian competitors, and due to cost advantages versus foreign competitors&rdquo;, said <strong>Sergey Vakhterov, </strong>managing director of RUSNANO MC.</p> <p><strong>Sergey Dergach</strong>, CEO of Sistema Consult, a company acting as an investment adviser to Rusnano Sistema Sicar, said: &ldquo;The volume of the tracer technology market has great potential: the average annual growth rate for this market is forecast to be in the range of 33% in 2017-2026. That said, the share of tracer methods on the MHF diagnostics market, according to experts, could reach 6% by 2026 from its current level of 1%.&nbsp; We have a high regard for the professionalism of the GeoSplit team, and they offer one of the most technologically and economically attractive solutions on the Russian market. The GeoSplit product is now being tested by many Russian oil companies; after testing it may well become the standard for tracer diagnostics of MHF in Russia&rdquo;.</p> <p>&ldquo;The GEOSPLIT technology is an efficient complement to the conventional methods for the study of horizontal wells after MHF, and in some cases may replace them completely. The large-scale use of marker monitoring takes well operation control to a whole new level, as well as reduces the expenses of extracting companies on downhole operations. Therefore, the economic benefit from the use of the technology is estimated at many millions of rubles for each well. So far, we have carried out surveys in 20 horizontal wells, and in 2018 we plan to increase work volumes in Russia at least twofold and to start an export program. Thanks to the investment transaction with Rusnano Sistema SICAR Foundation, we will be able to develop the technology faster in order to make it more valuable for Russian and foreign customers&rdquo;, said GEOSPLIT Chief Executive Officer <strong>Alexander Katashov</strong>.</p> <p>The investment adviser to GEOSPLIT in the transaction was Skolkovo Ventures, supervising the whole venture investment block within the Skolkovo Foundation.</p> Mon, 25 Dec 2017 12:00:00 +0300 Dr. Werner Cautreels, Selecta: From Big Pharma to Nanotechnology <p>Selecta Biosciences, based near Boston in Watertown, MA, is a clinical-stage biopharmaceutical company seeking to unlock the potential of biologic therapies by avoiding unwanted immune responses. Its tolerogenic Synthetic Vaccine Particles (SVP) technology platform is designed to enable a range of novel biologics for rare and serious diseases that require new treatment options. The company was founded in 2008 by three academic pioneers in the fields of nanotechnology and immunology: Professor Robert Langer (Massachusetts Institute of Technology), Omid Farokhzad (Brigham and Women&rsquo;s) and Ulrich von Andrian (Harvard Medical School).</p> <p>Dr. Werner Cautreels became Selecta&rsquo;s first CEO in 2010. Formerly CEO of Solvay Pharmaceuticals (Brussels, Belgium) and first head of Sanofi R&amp;D in the US, he talks to&nbsp;Pharm Exec&nbsp;about Selecta&rsquo;s innovative technology and how his entrepreneurial experiences in big pharma prepared him for the challenge of a new startup.</p> <h4>PharmExec: What is unique about Selecta&rsquo;s technology?</h4> <p><strong>Werner Cautreels:</strong>&nbsp;As we all know, the innovation in medicine has shifted from small molecules into biologics. This comes with a paradox, which is that the patient&rsquo;s immune system may consider these to be foreign proteins. As a result, the immune system will react to them and try to reject them. This can occur in rare diseases&mdash;think about enzyme replacement therapy, hemophilia, etc.&mdash;and if this is a unique treatment for the patient, it can come with very serious consequences. At Selecta, we have developed a technology that is designed to signal to the immune system that the biologic is a good guy.</p> <p>The technology that we utilize is inspired by the fact that viruses are nanoparticles. We set ourselves the challenge of making synthetic viruses, i.e. biodegradable nanoparticles, in which we could load very specific signals to talk to the immune system. This took a number of years to achieve. We showed in preclinical models that we could do this in animals, and we are now starting to translate this into actual patients in Phase 1 and Phase 2 clinical settings.</p> <h4>You came on board from big pharma. What attracted you to Selecta?</h4> <p>I am from Belgium and started my career working for a small Belgian company. Back in 1979, I was recruited by Sanofi and I worked for the company in France for about ten years. I was then sent by Sanofi to the US in the late 1980s. At that time, Sanofi had zero presence there; I became Sanofi&rsquo;s first head of R&amp;D in the US. I moved to New York with my family and two suitcases, and from there we built a group of 20-30 people. It was a very entrepreneurial enterprise, not so different from what I have been doing at Selecta. After ten years building Sanofi&rsquo;s presence in the US, I joined Solvay Parmaceuticals as head of global R&amp;D and then was named Global Chief Executive Officer. When we sold Solvay&rsquo;s pharmaceutical division to Abbott in 2010, I was not looking to follow the big pharma path but was much more interested in returning to an entrepreneurial role, as I consider myself more an entrepreneurial person than a big pharma person. That&rsquo;s when I discovered Selecta and its unique technology, so I moved to Boston to take up my current role.</p> <h4>How different was it helping to set up a biopharma company 30 years after you first came to the US?</h4> <p>When I joined Sanofi in 1979, major innovation came from big pharma. It came from medicinal chemistry, testing small molecules in a more routine way into animal models. At that time, startups didn&rsquo;t have the resources and the logistics to do this. But by the early 2000s, insights into the biologic mechanisms of a disease were much more developed in the academic world. Boston, for example, had led the way in the development of a unique ecosystem between academics who understood the mechanisms of disease and venture capitalists who were willing to invest risk capital in new technology. They understood that if you invest in 10 ideas, it takes only one of those to pay for the nine potential failures. This ecosystem also attracted scientists like myself, who thought, I can stay with big pharma and make an incremental contribution or I can leave this comfort zone and start a biotech and potentially do something that is &nbsp;making a real difference for patients.</p> <h4>Can you outline how your Russian activities feature in your wider plan?</h4> <p>We still refer Russia and to the other BRIC countries as emerging markets, but this is a misnomer; in fact, it is a major error. These countries are not emerging markets but strategic markets. But, initially, Russia provided us with an opportunity. When I joined Selecta, the company was talking to a potential Russian partner, the Skolkovo Foundation, which was linked to the Massachusetts Institute of Technology (MIT) and aimed at creating a sort of a clone of MIT in Russia, marrying high-level technology with entrepreneurship. We also tapped into another Russian fund, RUSNANO, which was established as a $15-20 billion fund for all kinds of nanotechnology, which included nano-biotechnology. As we were a nano-biotech company with MIT cofounders, RUSNANO made a significant investment in us. Following that, we committed to conducting part of our portfolio research in Russia. We created a research lab close to Moscow and hired about a dozen high-level scientists there; scientists who have done their post-docs outside Russia, but who are motivated to return to their home country to live and work and further their careers.</p> <h4>What is the outlook now for Selecta?</h4> <p>When drugs come under attack from the patient&rsquo;s own immune system, it results in the formation of &ldquo;anti-drug antibodies&rdquo; (ADAs), and this phenomenon takes its toll not only on patients; it also adversely affects the treating physicians and the drug industry at large. Drug developers may be forced to abandon promising candidates or face limited market uptake of an approved drug because of ADAs. The full impact of ADAs on the business of drug development is underappreciated. In time, as biologics continue to be among the fastest growing segments of new drugs and other modalities including antibody drug conjugates and gene therapies continue to emerge, we believe the impact of ADAs will become even more evident.&nbsp; The potential benefits of overcoming immunogenicity could, therefore, be enormous not just for patients but also for the industry and for healthcare systems around the world.</p> <p>We have shown pre-clinically in animals that the technology we have developed has worked with more than a dozen biologics, and we have data that shows it works with a biologic in humans. The translation into humans is, of course, the real objective, so what is important for Selecta now is to show that this translation was not a fluke&hellip; that the technology is much more broadly applicable across multiple biologics in the clinic. If we do that, we believe we can expand the field exponentially.</p> Mon, 23 Oct 2017 12:00:00 +0300 Selecta Biosciences Announces New Preclinical Gene Therapy Data at the Annual Meeting of the American Society of Gene & Cell Therapy (ASGCT) <p>Selecta Biosciences, Inc.&nbsp;(NASDAQ:SELB), a clinical-stage biopharmaceutical company focused on unlocking the full potential of biologic therapies by avoiding unwanted immune responses, today announced new preclinical data regarding non-immunogenic gene therapies that were presented at the&nbsp;American Society of Gene &amp; Cell Therapy&nbsp;(ASGCT) 2017 Annual Meeting, which took place last week in&nbsp;Washington, D.C.</p> <p>&ldquo;Immunogenicity is a key challenge in gene therapy, limiting the number of diseases and patients that can be effectively treated and presenting a safety hurdle,&rdquo; said&nbsp;<strong>Werner Cautreels</strong>, Ph.D., CEO and Chairman of&nbsp;Selecta. &ldquo;Together with various collaborators, we have again demonstrated the potential of Selecta&rsquo;s proprietary immune tolerance Synthetic Vaccine Particles (SVP&trade;) technology, which is designed to improve the clinical benefits and transform the development of gene therapy. We also were pleased with the presentation of preclinical proof-of-concept data for our proprietary product candidate in MMA, a life-threatening rare disease that can only be treated today by diet or organ transplantation.&rdquo;</p> <p>A team led by&nbsp;<strong>Charles Venditti</strong>, M.D., Ph.D., Senior Investigator and Head, Organic Acid Research Section in the&nbsp;National Human Genome Research Institute&nbsp;at the&nbsp;National Institutes of Health, and&nbsp;<strong>Luk Vandenberghe</strong>, Ph.D., Director of the&nbsp;Grousbeck Gene Therapy Center&nbsp;at Mass. Eye and Ear and an Assistant Professor at&nbsp;Harvard Medical School, delivered a presentation entitled &ldquo;Anc80 Mediates Hepatic Correction of Methylmalonyl-CoA Mutase Deficiency in Murine Models of Methymalonic Acidemia.&rdquo; This presentation featured data from mouse models of MMA, a rare inborn error of metabolism most frequently caused by mutations in the enzyme methylmalonyl-CoA mutase (MUT). In this study, MUT-deficient mice were treated with Selecta&rsquo;s Anc80-synMUT product candidate to express the human MUT gene. The gene therapy induced a robust biochemical and clinical response as plasma methylmalonic acid levels dropped precipitously, substantial weight gain ensued and survival was sustained. Further, presented data indicate that the combination of SVP and Anc80 could effectively overcome the immunogenicity that has limited other gene therapy programs by enabling enrollment of patients with pre-existing antibodies to AAV and keeping patients eligible for repeat administration.</p> <p>A team led by&nbsp;<strong>Federico Mingozzi</strong>, Ph.D., Head of Immunology and Liver Gene Therapy at Genethon, delivered a presentation entitled &ldquo;Modulation of AAV Vector Dosing and Avoidance of Capsid Immune Responses via&nbsp;Repeated Co-Administration&nbsp;of Vector with Rapamycin Tolerogenic Nanoparticles.&rdquo; This presentation featured data from both mouse and non-human primate studies demonstrating how the co-administration of SVP-Rapamycin completely blocked anti-AAV immune responses in an antigen-specific manner and allowed for vector re-administration and gene therapy dose titration. The ability to dose titrate could provide for more effective development and administration of gene therapies.</p> Mon, 15 May 2017 12:00:00 +0300 World Industrial Leaders Have Discussed New Materials Utilization <h5>On November 13-14, The Future of Materials Forum is held in Luxembourg, its main subject matter is utilization of new materials, including nanoaugmented ones. One of the key speakers of the event is Anatoly Chubais, the Chairman of the Board of the Management Company RUSNANO. He delivered the report &ldquo;Materials that Have Changed the World&rdquo;.</h5> <p style="text-align: center;"><img alt="" src="/upload/images/news/2017-11-13_Luxemburg.jpg" /></p> <p>New materials, including those based on nanotechnologies, have become an important part of the global agenda. The Economist Journal is the initiator of the event. The relevance of this matter is confirmed by the high level of the Forum participants. It has gathered at one venue more than 700 top managers of Hyperloop, Boeing, Airbus, Formula1, Schneider Electric, Goodyear, BP, HP and other leaders in various sectors of the economy. During the sessions, leading scientists in the area of materials generation, heads of R&amp;D divisions and technological venture capital funds deliver their speeches.</p> <p>Russia has joined the race to develop new materials in due time and has a unique chance to regain its global technological leadership. RUSNANO have managed to concentrate in the portfolio companies with world-class competencies in the field of surface modification and the development of new materials.</p> <p>On November 13, the Chairman of the Board of the Management Company RUSNANO, Anatoly Chubais has delivered his report &ldquo;Materials that Have Changed the World&rdquo; at the Forum, where he highlighted the issue of increasing the consumption of basic materials and the impossibility of maintaining this rate in the near future, due both to the exhaustion of natural resources and the damage to the environment arising from their extraction and processing.</p> <p>According to Anatoly Chubais, one of the most powerful drivers of the last decades has been the desire to get the maximum effect with the minimum expenditure of resources. He is sure that almost all the branches of the economy have been developed in this direction.</p> <p>&ldquo;And while people have reached certain limits in the use of traditional materials, then the nanoaugmented materials (NAM) are able to help achieve a qualitative leap in finding answers to the global challenges facing humanity. It is not a distant future. NAM and technologies of their production already exist, and they became the topic of the current summit. One of the topics for discussion will be the transition to mass production of products based on NAM. Solving this problem will become a real industrial revolution, and we are pleased to realize that Russian technologies will play one of the leading roles in this revolution,&rdquo; said <strong>Anatoly Chubais</strong>, Chairman of the Board of the MC RUSNANO.</p> Mon, 13 Nov 2017 12:00:00 +0300 The Development by RUSNANO Portfolio Company OptoSense Will Allow to Significantly Reduce Coal Mine Accidents <h5>OptoSense proceeds to delivery of hydrocarbon sensor with the lowest ever power consumption.</h5> <p>OptoSense, RUSNANO portfolio company, has begun commercial delivery of the most advanced infra red hydrocarbon sensors MIPEX-04, that, among other things, will be used for provision of the miners&rsquo; personal safety. It is no secret that the miners still die as a result of methane explosions in coal mines. A revolutionary development by OptoSense will allow preventing the accidents much more effectively, thus saving lots of human lives.</p> <p>Power consumption of the innovative sensors is 1000 times less than that of the competing analogues, which means that the devices in use can operate for over 2 years on a single charge instead of several hours. Leading international players in the market of industrial safety such as Honeywell Analytics, which has already started to sell personal gas analysers based on the sensor, are among the buyers of MIPEX-04.</p> <p>New generation of sensors created by OptoSense consumes less than 100 microwatt of power which opens the door to multiple opportunities for development of the most advanced devices and solutions to detect and measure explosive gas concentrations, including the creation of the new market of portable clip gas analysers &ldquo;from scratch&rdquo;.</p> <p>The unique features of new sensors have become possible thanks to semi-conductive polycrystal nanoscale layers in the mass fabrication of the sensor key elements, namely light-emitting diode sources and photovoltaic detectors. It is the availability of MIPEX-04 that allowed achieving such outstanding parameters of time of operation of the final device without the need for maintenance during the service life for the first time in the international practice.</p> <p>OptoSense specializes in manufacturing of infrared optical sensors to determine explosive gas concentrations, primarily, hydrocarbons. Up to now, almost 100 international and Russian producers of gas analysers are the company&rsquo;s customers. Furthermore, almost 70% of the company&rsquo;s products are sold in the USA and Europe.</p> <p>Gas analysers based on OptoSense sensors are used to provide personal and industrial safety in oil and gas or petrochemical industry (extraction, transportation and processing of oil and gas), coal mining (in mines), power industry (gas-fired plants), telecommunications (maintenance of underground cable networks). The total scope of gas analyser market as estimated by Frost &amp; Sullivan is about $2 billion with potential increase to $3 billion by 2018.</p> Mon, 13 Feb 2017 12:00:00 +0300 In the Scattered Light of the Russian Sun. Russian Manufacturer of Solar Modules Hevel Modernized Production and Took Half of the Russian Solar Energy Market <p>In July of this year, Hevel Group, the largest Russian manufacturer of photovoltaic panels, completed the modernization of production and reached the planned capacity of 160&nbsp;MW per year. The Russian manufacturer is certainly not as big as Chinese factories, which produce panels for more than 1 GW per year, but Hevel also has different goals. Its products are of higher quality and more reliable than Chinese ones, they are more efficient, but most importantly, panels manufactured by Hevel keep operating in scattered light, which is a very important advantage in our not so sunny country.</p> <p>Hevel is a joint venture of RUSNANO and Renova Group, established in 2009 as an integrator of solar energy solutions. Hevel is engaged in the production of panels and their installation, and maintenance of photovoltaic power plants. As of today, Hevel Group has a fleet of photovoltaic power plants with a total capacity of more than 100 MW and a large scientific and technical centre.</p> <p>The main industrial site of Hevel is located in Novocheboksarsk, Chuvashia. This is the largest plant in Russia that produces solar modules based on the domestic technology. The company has developed a technology of new generation solar module production based on heterojunction technology (HJT), combining the advantages of two old technologies&mdash;thin-film and crystalline. This technology allows producing panels with a cell efficiency of more than 22%. Only two more companies in the world can do it&mdash;Panasonic (Japan) and Sun Power (USA).</p> <h2>A Special Way</h2> <p>Eight years ago, when Hevel Group was created, there were two effective technologies of production of silicon-based solar modules in the world: based on crystalline silicon and thin-film, using the so-called amorphous silicon. The advantage of the first technology is in the relatively high efficiency, the second one is advantageous since the module production required far less amount of silicon. And silicon is the main component that determines the cost of the final product and, accordingly, the economy of the future photovoltaic power plant (PPP). As a result, the cost of a watt of electricity received from a module created based on film technology is lower compared to the modules based on crystalline silicon. In addition, thin-film technology is better suited to Russian conditions, since such modules better perceive scattered light.</p> <p>Hevel Group relied on the thin-film technology, and even then it was an attempt to go its own way: almost all PPPs in the world use panels based on crystalline silicon.</p> <p>The thin-film technology lost its competitive advantages by the middle of the decade as a result of the high efficiency of the modules based on crystalline silicon and the sharp drop in the cost of silicon, which began in 2009. Hevel Group also faced a choice between: further development of the thin-film technology or transition to a new one. But termination of production was out of the question: more than 20 billion roubles had already been invested in the plant by that time.</p> <p>This money could be in principle recovered on thin-film technology through ensuring the construction of larger photovoltaic parks.</p> <p>Investors in the solar energy almost all over the world have quality investment return mechanisms, and Russia is no exception. The existing mechanisms of capacity supply agreements (CSA) for renewable energy sources (RES) make it possible to close the market from foreign products and create comfortable conditions for the repayment of funds invested in power. For example, now in Russia, the terms and conditions of CSA for RES provide for fifteen years of guaranteed cash flow at 12% per annum on invested capital. The mechanism of return on investment is similar to a standard CSA: the investor builds the plant, and the regulator guarantees payments to the investor while observing the installed capacity utilization factor (the so-called capacity payment). CSA for RES is quite an interesting tool, considering the current interest rates in the market.</p> <p>In 2017, the Ministry of Energy determined that the cost of a kilowatt of installed capacity at PPP would be compensated to investors based on the rate of 109.5 thousand roubles. For example, wind, according to the Ministry, costs 103 thousand roubles, while hydroelectric power costs 163 thousand roubles per kilowatt of installed capacity. It follows from the figures that a kilowatt of installed capacity of solar and wind generation is already cheaper than classical water. However, it is necessary to take into account the so-called installed capacity utilization factors (ICUF).</p> <p>In Russia, ICUF of photovoltaic power plants is no more than 10%, wind power plants&mdash;about 20%, hydroelectric power plants&mdash;40%. That is, on average, the HPP will generate four times as much electricity as the PPP of the same rated capacity generates.</p> <h2>Bet on Modernization</h2> <p>Hevel had its own strategy of sequentially increasing the efficiency of thin-film modules to 12-13%. Since 2010, its own scientific and technical centre has been working thereon, but considering the pace of development of solar technologies, this was not sufficient to enter foreign markets. The scientists&rsquo; proposal to introduce a new, hybrid technology that showed high results in laboratory studies was the way out. A strategic decision to invest additional funds in modernization was made. As a result, the plant was re-equipped, and the project got a second wind due to the change of technology from thin-film to heterostructure-based&mdash;photovoltaic technology, the industrial use of which was made possible by Russian specialists.</p> <p>However, the availability of laboratory prototype showing promising results and the introduction of this technology in production are absolutely different things. To do this, it was necessary to rebuild the process, order new equipment (sometimes unique), expand the industrial site. And the problem was not only the lack of technical resources in Russia for the development of production. There was also no methodological procedures in our country: no SNiPs (Building Codes and Regulations), GOSTs (State Standards) and other regulatory documents for the production and maintenance of photovoltaic panels. As a result, we had to create them. In fact, together with Hevel Group, the whole market for production and maintenance of photovoltaic modules unprecedented for our country was created.</p> <p>The second stage of production modernization which started in 2016 affected about 30% of equipment and required about 3.8 billion roubles of investment. By the way, the Industrial Development Fund (IDF), which allocated 300 million roubles as a soft loan at 5% per annum for a period of five years was one of the investors of the project. &ldquo;The funds of the IDF partially covered the costs for the purchase, installation and adjustment of technological equipment,&rdquo; <strong>Roman Petrutsa</strong>, director of the IDF, says.</p> <p>Modernization began in August 2016, and an industrial output of modules based on the new technology was arranged as early as in April 2017 in Novocheboksarsk. Hevel Group does not disclose the cost of the modules being sold, but one can guess how much the company can gain from its activities. For instance, the Ministry of Energy gives 109.5 thousand roubles per kilowatt of installed capacity. Say, a quarter of this money is used for survey and installation works. This means that the sale of 160 MW of solar modules per year may result in revenues of about 13 billion roubles. The increase in the plant capacity to 220 MW will help to get about 18 billion roubles. According to Igor Shakhray, CEO of Hevel Group, the production site has quite a successful business model now, and investments are expected to pay off within four years.</p> <h2>From Large Generation to Small One</h2> <p>Heterojunction-based solar modules manufactured by Hevel effectively operate in the scattered light and at extreme temperatures (from -40&deg;С to +85&deg;С), which significantly expands the area of their application &mdash; from sunny but frosty Yakutia to desertlike Saudi Arabia. The guaranteed life of the module is twenty-five years, but the manufacturer promises that the solar module will serve even longer: three to four decades. &ldquo;Our photoelectric module is reliable, highly efficient and stably operates in scattered sunlight; it has a low temperature coefficient and a high cell efficiency of more than 22 per cent,&rdquo; <strong>Igor Shakhray</strong> says.</p> <p>In addition, according to Hevel, the production of solar modules has a local content of 100%. However, interpretation of localization in the Russian legislation is point at issue. In practice, a part of the components for Russian solar modules is still purchased by Hevel Group from abroad, the other part is produced in Russia. Nevertheless, high efficiency, price and temperature characteristics make Hevel module quite competitive product in the global solar energy market&mdash;along with the best analogues.</p> <p>Today, two large markets for RES use in the world may be conditionally distinguished. The first one consists of subsidized large energy programmes, when the costs for establishment of green energy generation facilities are paid off due to the wholesale capacity market and state subsidies. This means that capital costs for the construction of solar power generation facilities are returned through capacity payments, which are distributed to all industrial consumers of the so-called price zones of the energy market. The second large market includes the independent electric power sources required to supply electric power to various consumers: from small villages located far from the main power lines and ending with aircraft, copters, traffic lights, terminals, etc. The cost of the module at the relevant parameters is of primary importance for the first market, i.e. the state sets certain requirements for PPP (efficiency, localization level, ICUF, etc.), and the PPP operator must ensure all this at the lowest possible price.</p> <p>Efficiency, cost of the watt of electricity produced, temperature coefficients, efficiency during dimming, and other parameters that describe the operation of the panels in certain weather and climate conditions are important for the second market. One can pay extra money for the specific parameters of the plants - as long as the panel performs its functions. Naturally, modules with high efficiency are more expensive than a &ldquo;standard&rdquo; product. And the products manufactured by Hevel fully correspond to the best world characteristics and thus are suitable for both PSA mechanisms and for self-contained electric power supply, i.e. for private use.</p> <h2>When Exports Are Unfavourable</h2> <p>Speaking about the development prospects, there are two directions in Hevel. The first consists in the expansion of production from the current 160 to 220 MW per year. &ldquo;We have started the process of increasing the additional capacity and we plan to boost the plant to 220&nbsp;MW at least by mid-2018,&rdquo; <strong>Igor Shakhray</strong> hopes.</p> <p>Export is the second direction. The company is ready to sell about 10% of the produced solar modules abroad; it can carry out the first overseas supplies as early as by the end of this year. The company has not yet provided any information about the countries with which it is negotiating; however, according to Igor Shakhray, the Middle East, Africa,</p> <p>Central America and Europe are promising areas. But the company is interested not only in the supply of modules, but also in participation in tenders for the construction of photovoltaic power plants.</p> <p>Nevertheless, Russia is the main sales market for Hevel solar panels: all the company&rsquo;s products go to the domestic market at 100% capacity utilization. The current portfolio of projects amounts to 434 MW, of which 100 MW of plants have been already introduced, i.e. the plant is guaranteed to be given orders for the next three years. According to the estimates of the company itself, it claims at least 50% of the Russian solar energy market and intends to introduce up to 1 GW of solar power generation in the country by 2022 out of 1.7 GW, which the Ministry of Energy wants to have. Considering that at the beginning of this year, PPPs with the capacity of 75.2 MW (0.03% of all capacities) were connected to the unified power system of the country, the spurt that the Russian alternative energy sector will make is impressive.</p> <p>To implement an ambitious plan, the structure of Hevel Group includes an engineering division that ensures construction and maintenance of photovoltaic power plants. The PPP maintenance process is completely non-labour-intensive and requires only remote administration and preventive inspection once a year. In fact, the operator of a photovoltaic power plant is rather a financial organisation than a production one.</p> <p>And this is not a whim. Such a complex project as that of Hevel Group could be implemented only in an integrated manner, i.e. due to a full cycle&mdash;from purchase of silicon wafers to receiving the final payment for the installed capacity. As the experience of other companies in the Russian market shows, it is still very difficult to work under a different scheme.</p> <h2>What Is a Solar Module and What Is Built of It?</h2> <p>Solar module with dimensions of 1x1.67 m is a base product of Hevel Group. The rated capacity of this module is 300-310 W. Power plants, from small ones (for several tens of kilowatts) (mainly for the fa&ccedil;ades of buildings) to large solar energy facilities (for several tens of megawatts) are built using a set of these modules.</p> <p>The base module accommodates 60 photovoltaic cells made of single-crystal silicon wafers based on heterojunction technology. It combines the advantages of classical silicon technology (thin-film and crystalline) and ensures efficient operation of the module at high and low temperatures, as well as in the scattered light.</p> <p>Photovoltaic power plants have a number of advantages which make them positively different from other power generation sources: first, photovoltaic power plants (PPP) operate during the day and can cover the daily peak of electricity consumption, i.e. they can generate the most demanded energy. Second, they have such an important quality as instant switching on and off from the network. That is, PPP can act as a manoeuvring capacity, which also gives it a significant competitive advantage. And third, PPP causes minimal damage to the environment compared to all types of power generation facilities.</p> Mon, 11 Sep 2017 12:00:00 +0300 Over the Period of Three Years, More Than 10,000 Persons Passed Examination in PET-Center in Ufa <h5>The PET-Center in Ufa started reception of patients in March 2014 and became the first center commissioned by RUSNANO&rsquo;s portfolio company PET-Technology. For three years of operation more than 10,000 persons passed PET/CT-diagnostics of oncological diseases. As of June 2017, more than 41,000 persons were checked up in the federal network.</h5> <p>According to the statistics, the number of oncology patients in Russia is increasing by half a million persons every year. The technology of PET/CT-scanning (positron emission tomography coupled with computerized tomography) allows to detect cancer at early stages, when the patient has a chance of complete recovery.</p> <p>PET-Center of PET-Technology in Ufa is located in the territory of one of the largest specialized oncologic dispensaries in Russia, which for the period of its existence has provided assistance to many thousands of patients suffering from virtually any types oncological diseases.</p> <p>&ldquo;A great work has been done during three years from the moment of opening of the center in Ufa. The residents of the Republic of Bashkortostan and the Volga Federal District gained access to high-tech medical aid in the form of diagnostics and treatment of oncological diseases. The center rendered assistance to tens of thousands persons. These are not just dry figures for us&mdash;these are saved lives. This is not only our merit; we would not achieve that result without support of local doctors and regional authorities. We hope that we will keep the pace in future&rdquo;, noted the managing director for the investment activity of the Management Company RUSNANO, <strong>Olga Shpichko.</strong></p> <p>&ldquo;It took PET-Technology just a few years to create the network of nuclear medicine centers and become the leader in the sphere of diagnostics opportunities of nuclear medicine. The Ufa center was the first center, which started reception of patients in 2014. We are grateful to the administration of the Republic of Bashkortostan for its all-round support in organization, creation and operation of the center of nuclear medicine in Ufa. Only through joint efforts we can change the lives of tens of thousands of oncologic patient that need modern diagnostic techniques&rdquo;, said the General Director of PET-Technology, <strong>Diana Kobesova</strong>.</p> <p>In-house production of radiopharmaceuticals used in diagnostics, quality control laboratory, modern PET/CT-scanner and the high level of training of specialists guarantee precision and accuracy of the examination.</p> <p>&ldquo;We successfully diagnose tumors that can hardly be diagnosed by other diagnostic techniques. The majority of our patients have neoplasms in lungs, brain, mamma, prostata gland and lymphomas&rdquo;, says radiotherapist, radiologist of the Ufa center, <strong>Guzel Muslyumova</strong>.</p> <p>Patients can pass diagnostics in the PET-center in Ufa under the Program of State Guarantees of Free Medical Aid to Citizens, voluntary medical insurance programs or at their own expense.</p> <p>Currently, the federal network of PET-Technology includes eight PET-Centers located in Moscow, Ufa, Ekaterinburg, Lipetsk, Belgorod, Tambov, Kursk and Orel. As of June 2017, more than 41,000 persons were checked up in the federal network.</p> Fri, 9 Jun 2017 12:00:00 +0300 Green Energy Foundation. Chubais Came Up With an Idea How to Develop Renewable Power Generation in the Far East <h5>A special foundation should be created, and projects should obtain state guarantees and stable tariffs</h5> <p>The Chairman of the Management Board of Management Company RUSNANO Anatoly Chubais invited the government to set up a foundation for the development of the alternative power generation in the Far East. He said this at the session on renewable power generation of the Eastern Economic Forum. According to Chubais, this is a mechanism for guaranteed return on investment in the construction of power plants on renewable energy sources (RESs), state guarantees for the rate stability for a certain period. Now, he believes, this problem for the Far East is not solved in any way. &ldquo;We believe that the construction proposed by us, creation of the Foundation for the development of the alternative power generation in the Far East, is absolutely operational in our budgetary realities,&rdquo; Chubais said.</p> <p>The proposal to create the foundation was made by RUSNANO, Chubais specified to Vedomosti. According to him, the state may need to contribute about 2&nbsp;billion rubles to the authorized capital of the foundation, the state guarantees may amount up to 20&nbsp;billion rubles. Other companies are expected to become members of the foundation, the source in RUSNANO says. He did not disclose any details.</p> <p>There is no market in the Far East, and, as a result, there is no mechanism for entering into a capacity supply agreement (CSA guarantees a repayment of funds for investors with the 14% base yield), Chubais recalled at the session. Parameters for the Far East should be comparable, he believes.&nbsp;Chubais has already discussed the new mechanism with relevant ministries and departments and hopes to get government support by the end of the year.</p> <p>The representative of the Ministry of Economic Development and Trade said that the issue was being worked out. His colleagues from the Ministry of Energy and the Ministry for Development of Russian Far East did not respond to the requests of Vedomosti.</p> <p>Deputy Minister of Energy Anton Inyutsin confirmed that on August 27, the government commissioned the creation of the foundation. The departments need to review it and express their opinions within a month. He agreed that the instrument of guaranteeing investment for renewable energy sources of the Far East was important. The General Director of Hevel (RUSNANO and Renova JV, engaged in the construction of photovoltaic power plants), Igor Shahrai noted that if there were guarantees of return of investment, the plans for construction would be for tens and hundreds MW rather than for <nobr>3&ndash;8</nobr> MW.</p> <blockquote>Anatoly Chubais: &ldquo;In 2024, 3,500&nbsp;MW of wind energy, and 1,500&nbsp;MW of solar energy will be generated in Russia. This is a reality measured by tens of billions rubles, which are already appearing before our eyes.&rdquo;</blockquote> <p>Today, the lack of long-term guarantees of return of funds is a major barrier to large-scale implementation of investment projects in the Far East, the representative of Hevel added. The second necessary condition was raising funds at a low or preferential rate, he noted.&nbsp;The investor can not raise cheap long money, because there is no orderly mechanism of guarantees, the interviewee of Vedomosti, a representative of one of the companies interested in investing in RESs in the Far East, agrees.</p> <p>The idea is correct, at least in part of long-term tariffs, it should be accepted, an official of one of the commissioned agencies believes. The foundation is a matter of discussion, he says, on the other hand, the rules change constantly, someone has to insure these risks, too.</p> <p>RusHydro received an offering to join the foundation capital, an employee of this company said, but he does not know about the decision. The representative of RusHydro did not respond to the request.</p> <p>It is assumed that the state through the foundation will provide guarantees of return on investment, and the foundation will protect projects from <nobr>non-payment</nobr> of consumers, the source in RUSNANO continues. Long-term guaranteed tariffs for such projects should be enshrined at the federal level&mdash;this is a part of the proposed mechanism, but not the foundation&rsquo;s business, he notes.</p> <p>Such a foundation will be able to provide technical support in the design of renewable power generation facilities, the support of potential investors in structuring projects, as well as provide funding, including at the concept design stage, the Electric Power Director of Vygon Consulting, Alexei Zhikharev, expects. State subsidies, fees for negative environmental impact, Russian and foreign investment may be sources of funding, he supposes.</p> Fri, 8 Sep 2017 12:00:00 +0300 For the Second Consecutive Year, Nanocenter Technospark Tops Russian Technology Park Rankings <p>The Association of Clusters and Technology Parks tallied the results of the 3rd National Ranking of Russian Technology Parks, which reflects an assessment of sites&rsquo; effectiveness and investment attractiveness for the placement and growth of high-tech companies. The ranking placed 4 companies in the Fund for Infrastructure and Educational Programs among the top 10: Nanotechnology Center Technospark (Moscow), Nanotechnology Center Sigma Novosibirsk (Novosibirsk Region) and Ulyanov Technology Transfer Center (Ulyanov Region), as well as Technopark Sarov (Nizhny Novgorod Region).</p> <p>The ranking includes a total of 33 technology parks from 17 regions. Some of the best of these are the technology parks of Moscow, the Moscow, Novosibirsk, Nizhny Novgorod, and Ulyanov Regions, and Tatarstan, and Mordovia.</p> <p>Compared with last year, the ranking has increased its coverage by nearly one third: in 2016, the 2nd National Ranking of Russian Technology Parks included 25 technology parks from 15 constituent entities of the Russian Federation. The Association received information about a total of 118 technology parks from 85 constituent entities of the Russian Federation. The final ranking did not include technology parks that operate under universities (due to the significant difference in business model), those that begin operating in 2017, or those that failed to submit complete information.</p> <p>The Association evaluated the technology parks&rsquo; effectiveness based on three integral indicators: the innovation activities of residents, the economic activity of residents, and the effectiveness of the technology park&rsquo;s management company. Moreover, in 2017 the method used to generate the ranking was improved. The key innovation in the ranking was to assign technology parks not specific positions but special indices depending on the value of their integral indicator.</p> <p>Regions of Russia were represented in the ranking as follows: Moscow&mdash;9 technology parks, Novosibirsk Region&mdash;4 technology parks, Moscow Region&mdash;3 technology parks; Nizhny Novgorod Region, Republic of Mordovia and Tatarstan&mdash;2 technology parks each; and another 11 regions had 1 technology park each.</p> <p><strong>The following technology parks were classified as the most effective:</strong></p> <ul> <li>Nanotechnology Center Technospark (Moscow)</li> <li>Technopark Strogino (Moscow)</li> <li>Nanotechnology Center Sigma Novosibirsk (Novosibirsk Region)</li> <li>Technopark Kalibr (Moscow)</li> <li>AU Technopark Mordovia (Republic of Mordovia)</li> <li>Research and Technology Park Novosibirsk (Novosibirsk Region)</li> <li>Technopark Sarov (Nizhny Novgorod Region)</li> <li>Ulyanov Technology Transfer Center (Ulyanov Region)</li> <li>Technopolis Moscow (Moscow)</li> <li>AO Novosibirsk Academpark (Akadempark) Technopark (Novosibirsk Region)</li> <li>High-Tech Technopark IT Park (Kazan and Naberezhnye Chelny, Republic of Tatarstan)</li> <li>High-Tech Technopark (Nizhny Novogorod, Nizhny Novgorod Region).</li></ul> <p>&ldquo;Russian technology parks continue to increase their rated capacity: we estimate that at the end of this year total earnings of all Russian technology park residents will grow by 9.8% relative to 2016 to become 207.2 billion RUB,&rdquo; said <strong>Andrey Shpilenko</strong>, Director of the Association of Clusters and Technology Parks of Russia.&ldquo;Our ranking has already proven its value as a way to assess the investment attractiveness of various sites. This is an important marker designed to help regional authorities and the technology parks&rsquo; own management companies make the sites more effective and advance high-tech SMBs.&rdquo;</p> <p>&ldquo;The ranking&rsquo;s confirmation our nanocenters in the leading position for the third consecutive year lets us confidently say that the model of deliberately building tech companies for sale, which Technospark first adopted in 2014, has proven to be most effective. And the fact that four companies in the Fund for Infrastructure and Educational Programs (FIEP) simultaneously ranked among the top 10 is still more evidence that our chosen strategy of creating venture businesses is correct,&rdquo; said <strong>Ruslan Titov</strong>, FIEP Deputy General Director of Infrastructure Initiatives.</p> Fri, 3 Nov 2017 12:00:00 +0300 RUSNANO Portfolio Company Prepreg-SKM Signed a Dealer Agreement with the Largest European Groups <h5>JSC Prepreg-SKM has signed a long-term agreement with Lange &amp; Ritter GmbH, a member of the largest European group of companies Gazechim. According to the signed contract, the German distributor will represent the interests of Prepreg-SKM in the compositional market of Germany.</h5> <p>Lange &amp; Ritter is engaged in the distribution of all kinds of materials in the market of composites. Products distributed by the company are used in various fields, from the automotive and aerospace industries to wind-power engineering and sports goods. After more than half a century of work, the company has built up a reputation as a reliable partner creating optimal conditions for cooperation.</p> <p>&ldquo;Gazechim is one of the largest European groups of companies that carry out distribution activities in the composite materials industry. Having signed a contract with its subsidiary Lange &amp; Ritter, we can directly enter the German market, which is the largest in the Old World. I am sure that our cooperation will bring a significant result,&rdquo; said <strong>Dmitry Kogan</strong>, General Director of Prepreg-SKM.</p> <p>In their turn, when concluding the agreement, the management of Lange &amp; Ritter paid close attention to the quality and range of products offered.</p> <p>&ldquo;I am convinced that Prepreg-SKM is a company with a bright future. Its products are of the highest quality. This applies to carbon fabrics, and materials for strengthening buildings, and, of course, prepregs. I have no doubt that in a few years together we will be able to meet a significant part of the needs of the modern market,&rdquo; said <strong>Riki Rosson</strong>, CEO of Lange &amp; Ritter.</p> Fri, 29 Sep 2017 12:00:00 +0300 Oman Oil Company and RUSNANO Sign Agreement on Investment Activity <h5>Parties to evaluate joint investments in projects on the oil and gas and chemical sectors. The signing of the agreement took place with the assistance of the Russian-Omani Business Council in the framework of the 2nd Russian-Omani Business Forum.</h5> <p>Parties are interested in evaluating potential co-investment opportunities in the chemical and petrochemical industries through chemical Funds launched by RUSNANO, bringing benefit to the Russian and the Omani sides. The opportunities pipeline will include strategically important chemical and petrochemical projects based on competitive innovative technologies.</p> <p>Managing Director of RUSNANO MC <strong>Vladimir Konovalov</strong> said: &ldquo;We see lots of investment opportunities in the petrochemical industry in Russia, due to traditionally strong position of the country in this area as well as competitive feedstock prices. Cooperation with Oman Oil Company, with its extensive portfolio of projects and industry expertise, will enable us to increase the efficiency of our investments&rdquo;.</p> <p>Oman Oil Company S.A.O.C (OOC) is a commercial company wholly owned by the Government of Oman. Established in 1996 to pursue investment opportunities in the wider energy sector both inside and outside Oman, the Company plays an important role in the Sultanate&rsquo;s efforts to diversify the economy as well as fostering and building human capital. OOC&rsquo;s portfolio consists of over 50 investments across 15 countries. Investments within Oman are managed through four verticals: Oman Oil Company Exploration and Production LLC, Oman Oil Facilities Development Company LLC, Oman Oil Duqm Development Company LLC and Takamul Investment Company S.A.O.C, while international assets are managed by the OOC International Investment Unit.</p> Fri, 27 Oct 2017 12:00:00 +0300 RUSNANO Launches a Nuclear Medicine Center in Belgorod <h5>A modern and efficient method to diagnose cancers will become more available for residents of the Belgorod region. It is planned that more than 2,500&nbsp;people will be checked up at the center by the end of the year.</h5> <p>With the launch of the Belgorod positron-emission tomography center, high-tech medical aid on the diagnosis and treatment of cancers has become more accessible for region&#39;s residents. Most checkups will be conducted within the framework of the statutory health insurance program.</p> <p>&ldquo;A very important and long-awaited event has happened in the health system of the Belgorod region. The nuclear medicine center has been brought into operation. We are very grateful to RUSNANO&mdash;the initiator of this great project, which brings our healthcare to an absolutely new technological level. For many people, it means a good opportunity to be timely diagnosed and correctly treated. We completely understand how important it is today. Previously we used these services outside our region and sometimes abroad. Now it is available in our region,&rdquo; <strong>Evgeny Savсhenko, </strong>governor of the Belgorod region, said during the launch of the PET-center in Belgorod.</p> <p>RUSNANO is creating the first federal network of diagnostic Nuclear medicine centers on the Russian territory with private capital to increase the quality of diagnostics of the population. The project is implemented by portfolio company PET Technology.</p> <blockquote>PET/CT (positron-emission tomography / computer tomography) is one of the most modern and promising methods to identify cancers.</blockquote> <p>&ldquo;Sometimes we are reproached that out activities do not affect the lives of average people. We really work mostly in the B2B sector and a submersible pumps, carbon nanotubes, white metallurgy products will hardly impress a person not related to the business. And here, in Belgorod, we have an unambiguous and clear project helping people. It concerns a serious matter&mdash;cancers. Professionals say: the earlier diagnosed, the easier treated and cured. The essence of what has been built in Belgorod is to ensure early and super early diagnostics. It is a fundamental thing. It is a trend in the whole modern medicine&mdash;a shift from disease treatment to prevention. The PET-CT technology is the golden standard of diagnostics in oncology,&rdquo; <strong>Anatoly Chubais</strong>, Chairman of the Management Board of MC RUSNANO.</p> <p>The survival rate to a large extent depends on cancer stages at the moment of diagnostics. In case of cancer detected at stage I, the survival rate is more than 92%, stage II cancer is characterized by the 76% survival rate. In Russia, only a half of detected cancers is attributed to the first two stages. Positron-emission scanning coupled with computer tomography is the most modern and specific method of early cancer diagnostics today. This very method allows significantly increasing the survival rate of cancer patients.</p> <p>The most important PET/CT advantages include the possibility of diagnosing the disease at early stages; control the efficiency of chemical therapy and reduce its side effects; identify the prevalence stage of the disease to avoid unjustified surgery and related complications; accurately plan radiation therapy; diagnose disease recurrence.</p> <p>The first PET center of the network was launched in Ufa in the spring of 2014. Even now the PET Technology federal network includes 8 operating nuclear medicine centers in various regions (Elets, Tambov, Orel, Kursk, Lipetsk, Yekaterinburg, Moscow and Belgorod), efficient antitumor treatment using the CyberKnife radiosurgical system in Ufa, own production of radiopharmaceuticals for PET/CT in Elets and Ufa. Conditions to increase accessibility of advanced diagnostics are being created together with federal and regional legislative and executive bodies&mdash;95% of PET/CT checkups at Nuclear Medicine Centers of PET Technology Company are conducted under the statutory health insurance program. As of January 2017, more than 31 thousand persons where checked up in the federal network.</p> <h2>Technical Note</h2> <p>Positron-emission tomography (PET/CT) is the radionuclide tomography method of human internal organs examination. The method is based on recording pairs of gamma quanta arising when positrons are annihilated with electrons. Positrons emerge during the beta decay of a radionuclide, which is part of the radiopharmaceutical intravenously medicine injected into the body before the test and selectively accumulated in tumor tissues.</p> <p>This method is based on the possibility to track the distribution of biologically active compounds labelled with positron emitting radioisotopes in the body using special detection equipment (a PET scanner).</p> <p>Today, PET mostly uses positron emitting radioisotopes of elements of the second period of the periodic system, most frequently fluorine 18, with perfect characteristics for the use in PET: the largest half-life and the lowest radiation energy.</p> <p>The biological analogue of glucose&mdash;fluorodeoxyglucose (FDG), a molecule of which contains radioactive (positron emitting) nuclide fluorine 18 (18 FDG), is mostly used for positron-emission tomography. FDG is injected to a patient and then distributed in the whole body. Tumor cells much intensively consume glucose, which allows registering sides of pharmaceutical (FDG) accumulation&mdash;a congestion of tumor cells&mdash;with a PET scanner.</p> <p>To obtain fluorine-18, a cyclical medical cyclotron or (less frequently) a linear accelerator is used. The target is usually clean water or water enriched with Oxygen-18, which is subjected to proton bombardment. Oxygen-18, in turn, is made using low-temperature rectification.</p> Fri, 17 Mar 2017 12:00:00 +0300