RUSNANO News https://en.rusnano.com/press-centre/news Sun, 5 Jul 2020 06:18:59 +0300 The WRS Bashni Factory Allocated Over RUB 1 Mln for Assistance to Taganrog’s Healthcare Facilities https://en.rusnano.com/press-centre/news/20200506-rusnano-the-wrs-bashni-factory-allocated-over-rub-1-mln-for-assistance-to-taganrog-healthcare-facilities <p>The Taganrog WRS Bashni factory, producer of wind turbine towers (a joint venture between Windar Renovables S.L., a Spanish company, JSC RUSNANO, and PAO Severstal), furnished personal protective equipment and antiseptics for doctors of the city&rsquo;s healthcare facilities. The wind energy factory allocated over RUB 1 mln for the purchase of face shields, protective eyewear, coveralls, medical gloves, respirators and antiseptics. This charitable assistance was provided to Taganrog&rsquo;s City Hospital No. 7 and polyclinics Nos. 1, 2, 3 for the protection of medical personnel, who are located within the risk area.</p> <p><strong>Petr Spiridonov</strong>, CEO of WRS Bashni, LLC: &ldquo;This is our first installment of charitable assistance. We are in constant contact with Taganrog&rsquo;s administration over rendering support to the city&rsquo;s healthcare personnel. The coronavirus pandemic is a total challenge. We&rsquo;ll overcome it only by working together.&rdquo;</p> <p><strong>Alisher Kalanov</strong>, Head of Management Company RUSNANO&rsquo;s Investment Division: &ldquo;Today, healthcare workers are on the front lines of the coronavirus infection struggle. Therefore, our wind energy factories are helping doctors ensure health and safety during this difficult time. That&rsquo;s the least a socially responsible business can do.&rdquo;</p> <p><strong>Justo Acedo</strong>, CEO of Windar Renovables S.L.: &ldquo;The spread of the coronavirus infection knows no boundaries. We see the hardships doctors are facing in Spain, where a huge number of people have fallen ill. Russia is now entering the pandemic&rsquo;s acute phase. We consider it our duty to assist healthcare workers in Taganrog, where we have our Russian production, which employs more than a hundred local workers.&rdquo;</p> <p><strong>Dmitry Goroshkov</strong>, Severstal&rsquo;s Director for work with energy companies: &ldquo;Today&rsquo;s developments have shown clearly that, in today&rsquo;s hi-tech world the greatest virtue still is concern for one another. And we, business representatives, are obliged to provide assistance to healthcare personnel who risk their own lives in the struggle against the spread of the coronavirus infection.&rdquo;</p> <p>Earlier, on April 9, 2020, another of RUSNANO&rsquo;s portfolio companies, Vestas Manufacturing Rus, a producer of wind turbine blades, delivered at no cost personal protective equipment to medical personnel of the Ulyanovsk Perinatal Center (SHI (State Healthcare Institution) City Clinical Hospital No. 1) from own reserves.</p> <p>The WRS Bashni, LLC began operations on December 12, 2018. It became the first producer in Russia of this equipment as part of the government&rsquo;s program for developing renewable energy, and creating a new sector of hi-tech power plant engineering.</p> Wed, 6 May 2020 12:00:00 +0300 Second Wind Power Plant of Wind Energy Development Fund Enters Commercial Production Phase in Rostov Region https://en.rusnano.com/press-centre/news/20200506-rusnano-second-wind-power-plant-of-wind-energy-development-fund-enters-commercial-production-phase-in-rostov-region <p>On May 1, 2020 Kamenskaya WPP with installed capacity of 100 MW started supplying electricity and power in full to the wholesale electricity and electric capacity market (WEECM). The first phase of the plant (50 MW) started supplies to the WEECM on April 1, 2020. The wind power plant became the second completed facility of the Wind Power Development Fund (a joint investment fund established on a parity basis by RUSNANO Group and PAO Fortum) in the Rostov Region.</p> <p><img alt="" src="/upload/images/news/Vetropark_Uliyanovsk_.jpg" style="width: 1200px; height: 630px;" /></p> <p>Kamenskaya WPP consists of 26 wind turbines manufactured by Vestas, each with a capacity of 3.8 MW. Production of key components, such as blades and towers, was localized through the agency of RUSNANO Group in Ulyanovsk and Taganrog (Rostov Region). Nacelles are assembled at an enterprise in Dzerzhinsk (Nizhny Novgorod Region). As confirmed by the Russian Ministry of Industry and Trade, more than 65% of the equipment used in Wind Power Plant is manufactured in Russia. This guarantees capacity payments under the rules defining the generation capacity prices for facilities based on renewable energy sources (CSA RES). The wind farm was built near Sulinskaya WPP (100 MW), which started supplies to the WEECM on March 1, 2020.</p> <p>By the end of the first half of 2020, another wind power plant of the Fund is expected to be commissioned in Rostov Region&mdash;Gukovskaya WPP with installed capacity of 100 MW. The commissioning of individual systems is being completed on its territory, and personnel make arrangements for the equipment comprehensive testing. Arrangements are also made to start construction of Kazachya WPP with the installed capacity of 100 MW in the Rostov Region. In addition, the Fund implements projects for construction of wind power plants in the Republic of Kalmykia (200 MW) and in Astrakhan Region (176 MW).</p> <p>Thus, the portfolio of the Fund&rsquo;s projects implemented in the Rostov and Ulyanovsk Regions today consists of three wind power plants with a total capacity of 250 MW. Projects with a total capacity of 576 MW are at various stages of implementation.</p> <p>The Wind Energy Development Fund was established by its co-founders to make investments in the construction of wind power plants. The Fund is managed by Vetroenergetika Management Company which is jointly and equally owned by Management Company RUSNANO LLC and PAO Fortum. Following tenders to select investment projects for the construction of renewable energy generation facilities, the Fund was awarded contracts for 1,823 MW of wind energy. The wind farms are to be put into operation before 2024.</p> Wed, 6 May 2020 12:00:00 +0300 OCSiAl Included in Crunchbase Global Unicorn Company List https://en.rusnano.com/press-centre/news/20190904-rusnano-ocsial-included-in-crunchbase-global-unicorn-company-list <p><a href="/portfolio/companies/ocsial">OCSiAl</a>, a RUSNANO portfolio company, has been included in the list of unicorn companies according to Crunchbase (<a href="https://techcrunch.com/unicorn-leaderboard/" target="_blank">The Crunchbase Unicorn Leaderboard</a>), the world&rsquo;s leading database on investment in innovative companies. The list features privately owned companies that received investment estimates of $1 bln or more. It comprises 496 unicorn companies from all over the world with a combined worth of $1.8 trln, which attracted a total of more than $370 bln in investment.</p> <p>For OCSiAl, a producer of high-quality graphene nanotubes, this is the second confirmation of its unicorn company status by the global venture capital community. In June 2019, the innovative additive manufacturer was included in the list of companies with an estimated value of more than $1 bln according to CBInsights (<a href="https://www.cbinsights.com/research-unicorn-companies" target="_blank">The Global Unicorn Club</a>). The company is the only unicorn in the <em>Industrial</em> category.</p> <p>OCSiAl is the first company in RUSNANO&rsquo;s investment portfolio whose capitalization amounts to $1 bln. According to these estimates, A&amp;NN, the investment group of Alexander Mamut, purchased 0.5% of OCSiAl for $5 mln from JSC RUSNANO in January 2019. &ldquo;We are confident that, in the long-term, OCSiAl will continue to grow in value and we are assessing the possibility of increasing our stake in this company,&rdquo; <strong>Rafael Abramyan</strong>, the Investment Director at A&amp;NN, stated.</p> <p>RUSNANO was the first external investor to believe in the Russian team of founders and their graphene nanotube technology. Since then, OCSiAl has attracted about $200 mln from Russian and foreign investors. In total, RUSNANO has invested more than $20 mln in the project, starting with financing the first synthesis unit in Novosibirsk. &ldquo;OCSiAl, a manufacturer of graphene nanotubes, is the first and so far the only unicorn company in our country in the material based sector. And this is a unicorn company in the fullest sense of the word; it began as a startup in the Academy Town of Novosibirsk with a very ambitious idea: create an absolutely new material of the future; and then it grew into a global market leader,&rdquo; <strong>Anatoly Chubais</strong>, the Chairman of the Executive Board of RUSNANO Management Company, said.</p> <p>OCSiAl is the first company that managed to synthesize high-quality graphene nanotubes on an industrial scale. When the company entered the market in 2014, it offered consumers graphene nanotubes at a price 75 times lower than the then market price, thus opening up access to nanotubes for a number of industries. The company is rapidly increasing production and planning to launch the world&rsquo;s largest graphene nanotube synthesis plant in Luxembourg in 2022. The company&rsquo;s customers include global car manufacturers, electronics market leaders and large chemical groups.</p> <p>The OCSiAl revenue doubles annually, and, according to nanotechnology experts, the demand for graphene nanotubes in the near future is expected to grow dramatically due to their use in mass-produced products. At the end of 2018, OCSiAl accounted for more than 95% of the global sales of the innovative additive.</p> Wed, 4 Sep 2019 12:00:00 +0300 Boris Podolsky, Executive Director of Management Company RUSNANO, “We ought to view this crisis as an opportunity to innovate” https://en.rusnano.com/press-centre/media/20200429-izvestiya-interview-boris-podolsky Izvestiya,&nbsp;28.04.2020 <div class="img"><img alt="Boris Podolsky, Executive Director of Management Company RUSNANO" src="http://www.rusnano.com/upload/images/news/2020-04-29_PodolskyBG_TASS.jpg" /> <p>Boris Podolsky, Executive Director of Management Company RUSNANO<br />Photo: TASS / Sergei Petrov</p></div> <p>RUSANANO, one of the largest state investors in high-tech, enjoyed several widely-publicized successes last year: the estimated value of <a href="/press-centre/media/20190515-forbes-chubais-unicorn-who-is-behind-rusnano-first-1-billion-usd-project">OCSiAl, a graphene nanotube manufacturer, increased to $1 bln</a>; <a href="/press-centre/news/20191014-rusnano-wind-farms-construction-starts-in-rostov-region">a wide scale construction of wind farms</a> began in the Rostov region, and the first Russian large-capacity gas turbine for the energy sector passed its testing phase. The newspaper Izvestia has learned how the socio-economic impact of investing in high-tech is assessed and about the state of the nanotechnology industry in year 2019 from <a href="/about/management/podolskiy">Boris Podolsky</a>, Executive Director of Management Company RUSNANO.</p> <h4>&mdash; What were RUSNANO&rsquo;s goals, tracked using KPIs, in 2019 and to what extent were they achieved?</h4> <p>&mdash; Overall, our KPIs are tied to the development of the nanotechnology industry and the amount of additional nonstate funding we attract for its growth. Factors, such as turnover from the sale of nanoproducts and export volumes are clearly indicative of the sheer scale of operations of our portfolio companies. Last year, their turnover rose by 11% to reach RUB 445 bln, and the equivalent cumulative sum, based on prices for end buyers, for the entire period exceeded RUB 2 trln. Export sales by portfolio companies increased by 8% in 2019 (in comparison to the previous year) and reached RUB 78 bln, and the equivalent cumulative sum based on manufacturers&rsquo; prices was over RUB 350 bln.</p> <p>However, I understand that these figures do not tell us much about the level of innovation. Hence, JSC RUSNANO&rsquo;s strategy includes a point about a relative KPI tied to turnover from nanoproducts and export sales, which have to be greater than the corresponding growth in the non-natural resource-based industries of the Russian Federation by 1%. In other words, if the high-tech innovative sector is doing well, it will grow faster than other segments of the economy.</p> <p>In fact, the turnover of portfolio companies is going up at an even faster pace, and by the end of 2019, the rate of increase of income from nanoproducts was 8% higher than that from industrial sectors of the Russian Federation, thus exceeding the KPI 8-fold. The 4% growth in exports of nanoproducts exceeded that of the non-natural resource-based sector of Russia&rsquo;s economy, thus exceeding the aforementioned KPI 4 times. This measurement of success is important because it shows the demand for and the competitiveness of products and solutions that we have invested in on the global market. After all, innovations, as a rule, target markets worldwide. Based on the results so far, we are doing fairly well.</p> <h4>&mdash; What about RUSNANO&rsquo;s second goal&mdash;investments?</h4> <p>&mdash; At our current stage of development, which began in 2014, we have been following a private equity fund model, i.e. we have been investing in new projects only using newly-established funds, managed by Management Company RUSNANO, that focus on specific industries or regions. Funds are created by attracting at least 50% of the total investments from outside partners. We assess our performance based on the total amount of external funding the new funds attract, which were established with participation of RUSNANO. The more of them there are, the more support promising high-tech solutions will receive.</p> <p>By the end of 2019, we were able to create nine funds, managed by Management Company RUSNANO. They attracted RUB 80 bln in funding from external investors. Last year, more than RUB 26 mln&nbsp;of the aforementioned total came from mandatory payments made by partners as part of their strategic partnership agreements. During the next phase, the money will be used to establish funds. I think that soon they will be able to make their first investments and you will be sure to hear about them. So in this particular area, we have been able to reach the goals that we set in 2019.</p> <p>New funds, established with the participation of RUSNANO, have already invested approximately RUB 43 bln in portfolio companies. For instance, the <a href="/portfolio/investment-funds/fehtf" target="_self">Far East High Technologies Fund (FEHTF)</a> reached its first four deals last year, and all of them are in areas that are new for us. The following businesses received funding on condition they localize their products and services for the Far East: <a href="https://hotlead.io/en/mainpage/" target="_blank">Hotlead</a>, a cloud-based service; Visitech, a provider of solutions for automating occupational and industrial safety systems; <a href="https://www.titanps.ru/en/" target="_blank">Titan Power Solution</a>, a manufacturer of ultracapacitors, and Cinemood Portable Movie Theater.</p> <h4>&mdash; The government is reforming the system for evaluating business innovation support provided by the state in order to ensure investors have rights when taking on risk. How effective do you think the investment mechanisms in the company are?</h4> <p>&mdash; We fully support the government&rsquo;s work in this area. In fact, we took part in drafting of this legislation. It is important to ensure that the government&rsquo;s regulation of spending is compatible with global norms used to assess the performance of the direct and the venture capital investment sectors.</p> <p>Accordingly, RUSNANO has long been using the portfolio approach to evaluate performance by taking into consideration the entire portfolio of assets during an investment cycle or the life cycle of a fund. At the end of 2019, the combined investments made by JSC RUSNANO in projects of the <a href="/portfolio/companies" target="_self">entire portfolio</a> (since its inception before 2014) amounted to more than RUB 200 bln. The other part of the portfolio is <a href="/portfolio/investment-funds" target="_self">funds</a>, which I talked about earlier.</p> <p>We ended our involvement in approximately 54 projects, i.e. almost half of the portfolio. And the average IRR (investment rate of return) on exit was 15.5% based on the fair value of an asset at the time it was handed over to be managed by Management Company RUSNANO. Our earnings from the investment portfolio, including from assets we sold off, exceeded RUB 90 bln.</p> <p>But is this a large or a small sum if the life cycle of a fund is not over yet? We compare returns on investment from projects and the fair value of current assets with corresponding investments made in the portfolio. If the difference is positive that means the investor is making money at that moment. For year 2019, this difference was positive for RUSNANO and amounted to more than RUB 14 bln. In addition, it is important for RUSNANO to look at our achievements in the context of the aim initially set by the government (our main shareholder), which was to create a new sector of the economy&mdash;the nanotechnology industry&mdash;in the nation.</p> <h4>&mdash; Unlike many venture capital funds, RUSNANO is a state entity. Do you, therefore, worry about being socially responsible or only concern yourselves with returns on investment from the portfolio?</h4> <p>&mdash; Our investments focus on tangible high-tech projects, i.e. technologies for our actual economic and industrial sectors. When you provide funding for technologies in manufacturing and take into account the complexity of a technology life cycle and the need for constant upgrades, naturally, there is a socio-economic impact of the investment.</p> <p>For instance, as part of our work, 115 enterprises and R&amp;D centers, with a presence in 35 regions, have been opened throughout the Russian Federation. As a rule, there were no existing equivalents used on industrial scale in Russia to technologies deployed. Since these enterprises started operating, they have paid RUB 152 bln in various taxes, thus increasing the contributions made into budgets by the innovation sector of the economy. More than 40,000 jobs have been created at the new production facilities. Frequently, individuals with absolutely new competencies are required by these enterprises. But, at present, it is next to impossible to find such staff in the Russian labor market, which is why the Fund for Infrastructure and Educational Programs (FIEP) is involved in designing educational programs to train such future unique experts.</p> <p>Despite rumors to the contrary, RUSNANO does not provide direct support for innovative products and solutions, instead we invest in businesses. However, indirectly, our investments create demand for research and development work. After all, the established enterprises are innovative businesses, which are always searching for the best technologies and investing a certain percentage of their revenues into R&amp;D on an annual basis. Over all, by the end of 2019, our portfolio companies allocated approximately RUB 47 bln for research and development.</p> <h4>&mdash; What are your expectations for year 2020? And what effect has the Coronavirus pandemic had on RUSNANO&rsquo;s plans?</h4> <p>&mdash; For now, we have switched to working remotely just as most other companies. In light of the current crisis, it would be too presumptuous to say anything with any certainty about year 2020 or the nearest future. No one can accurately forecast what consequences the current crisis will have on the state of our projects and on the Russian or global economy.</p> <p>Without a doubt, it has already become more difficult to attract new investments to and to exit (sell our share) ongoing projects. Plus, many of our enterprises are facing hard times just as other small and medium-sized businesses. All of this is bound to have an impact on RUSNANO&rsquo;s plans.</p> <p>On the other hand, the pandemic has led to new growth in some areas of medicine and of the sector providing solutions for automation of occupational and industrial safety systems. Hence, we are attentively monitoring how the landscape of the technology sector is changing. Incidentally, many of our portfolio companies have adopted to the crisis by focusing their work on current needs to fight the Coronavirus pandemic. I know that several FIEP startups are currently waiting for approvals of their tests for detecting a SARS-CoV-2 Coronavirus infection. Our portfolio companies are also developing vaccines and a number of medications, and are manufacturing diagnostic and other equipment for medical facilities converted into COVID-19 centers.</p> <p>After the lock down is over, arising issues will include identifying and repairing weak spots in the IT infrastructure and security systems in cities. And we can offer the following solutions: <a href="/portfolio/companies/fiberoptics-systems" target="_self">fiber-optic cables from Saransk</a> to ensure quality Internet connectivity; <a href="/portfolio/companies/elvees" target="_self">video surveillance and facial recognition systems, and smart cameras</a>, and robots that can perform people&rsquo;s jobs in crowded spaces and the logistics sector. So we should view this crisis, just as we would any other, as an opportunity to meet the demand for innovative solutions.</p> Wed, 29 Apr 2020 12:00:00 +0300 Russia’s Largest PPP with Energy Storage Facility Built Based on Three Technologies Supported by RUSNANO https://en.rusnano.com/press-centre/news/20200226-rusnano-largest-ppp-with-energy-storage-facility-built-based-on-three-technologies <p>In the Republic of Bashkortostan, Russia&#39;s largest photovoltaic power plant (PPP) with an energy storage facility, the 10 MW Burzyanskaya Power Plant, was commissioned. The RUSNANO Portfolio Company <a href="/portfolio/companies/liotech"><strong>Liotech</strong></a> supplied energy storage units with a total capacity of 8 MWh to the PPP. The delivery was made in cooperation with <strong><a href="http://estorsys.ru/en/" target="_blank">Energy Storage Systems</a></strong> (owned by the RUSNANO Group Fund for Infrastructure and Educational Programs), a developer of intellectual solutions based on lithium-ion cells. The investor in the Burzyanskaya PPP was the leader of the Russian solar power industry with its own production of solar modules <a href="https://www.hevelsolar.com/en/" target="_blank"><strong>Hevel Company Group</strong></a>, created with the participation of RUSNANO.</p> <div class="img"><img alt="Burzyanskaya PPP with a 10 MW capacity" src="/upload/images/news/2020-02-26_Burzyanskaya_SES.jpg" /> <p>Burzyanskaya PPP with a 10 MW capacity</p></div> <p>The industrial energy storage units included in the power plant complex are record-breaking in terms of capacity in Russia. The automated control system selects the optimal operation mode of the energy facility: by analysing many parameters, it determines when to store energy and when to release it into the network. The new PPP will provide reliable and uninterrupted power supply to Burzyanskiy district, and in case of emergency shutdown or repair work on the power line, it will be able to operate in autonomous mode.</p> <p>Energy storage units produced by the Novosibirsk-based Liotech plant are used as part of power plants based on renewable energy sources to compensate for the unevenness of alternative generation. This allows for consistently high power quality, as well as storing excess power to cover peak loads.</p> <p><strong>Anatoly Chubais</strong>, Chairman of the Executive Board of RUSNANO Management Company: &ldquo;Integration of renewable energy facilities and energy storage systems is a global trend. The launch of the Burzyanskaya PPP confirms that complementary clusters of renewable energy production and storage have been created in Russia, and we can address such challenges. For remote areas, such solutions not only save on expensive diesel fuel costs, but also guarantee uninterruptible power supply based on green energy. I am convinced that following the renewable energy sector, we will soon see an active spread of smart energy storage systems based on lithium-ion batteries in power grids, railway and water transport, to create uninterruptible power supply for enterprises.&rdquo;</p> <p>According to a joint report by RUSNANO and the Centre for Strategic Research, the Russian segment of the energy storage systems market could reach $1.5-3 bln by 2025, with almost half of it in the energy sector.</p> <p>Liotech battery cells as part of the 300 kWh energy storage unit are already used at the Hevel hybrid power plant, which <a href="/press-centre/news/20170126-rusnano-first-solar-diesel-electric-power-plant-in-the-trans-baikal-territory-is-launched">was launched in the village of Menza, Zabaikalsky Krai</a>. Liotech energy storage systems with a capacity of 250 and 460 kWh are also installed at the Hevel PPP in the Republic of Tyva. In addition to energy, the priority areas of Liotech&#39;s business include electric transport and uninterruptible power supply.</p> <p>Technological engineering company Energy Storage Systems (ESS) is engaged in the development of industrial systems for the electrical energy storage designed for isolated areas with sources of renewable energy and for meeting the peak needs of large enterprises, improving the quality and reliability of their energy supply. ESS energy storage units use lithium-ion batteries of the Novosibirsk-based Liotech plant.</p> <p>Established with the participation of RUSNANO in 2009, Hevel Company Group is Russia&rsquo;s largest integrated solar energy company. The Company Group includes, among others, a solar module production plant in Chuvashia and Russia&rsquo;s largest specialized scientific organization in the field of photovoltaics, the Science and Technical Centre (St. Petersburg). Since 2014, the company has built 597.5 MW of grid solar power generation in Russia.</p> Wed, 26 Feb 2020 12:00:00 +0300 A Startup of RUSNANO’s FIEP Creates Analyser to Identify Presence of Virus within 30 Minutes https://en.rusnano.com/press-centre/news/20200325-fiep-creates-virus-analyser-within-30-minutes <p>Specialists from Troitsk Engineering Centre (part of the TechnoSpark Group of Companies and a subsidiary of the Fund for Infrastructure and Educational Programs (FIEP, a member of the RUSNANO Group) have developed an analyser, which can detect within 30 minutes the presence of harmful viruses, including the new SARS-COV-2 coronavirus, in the environment and in liquid biological samples.</p> <p>The device, which has been given the name Indicator-BIO, was developed in response to a commission from, and in partnership with, the I.M. Pirogov Russian State Medical University. The work was performed as part of the Federal Target Programme for the Creation of a National Chemical and Biological Safety System. Test versions of the device, along with the required chemicals, have been issued.</p> <p></p> <div class="img"><img alt="Анализатор для выявления вирусов «Индикатор-БИО»" src="http://www.rusnano.com/upload/images/news/2020-03-25_Indikator-BIO.jpg" /> <p>The Indicator-BIO analyser for the detection of viruses</p></div> <p>The Indicator-BIO analyser uses the Polymerase chain reaction (PCR), a highly accurate molecular and genetic diagnosis method, and is able to identify up to four different types of pathogen at the same time. A test can be completed in as little as 30 minutes. The researchers also developed a range of test systems in the form of microfluidic cartridges for use with the devices, including tests capable of identifying the new SARS-COV-2 coronavirus.&nbsp;</p> <p>&ldquo;This device allows us to do tests very quickly - in just 30 minutes. A few days ago it was presented to Veronika Skvortsova (head of the Federal Medical and Biological Agency). It scored very highly, which gives us grounds for optimism. Our task is to complete the clinical tests as quickly as possible and get the devices approved,&rdquo; said <strong>Anatoly Chubais</strong>, Chairman of the Board of RUSNANO&rsquo;s FIEP in a live interview on the Russia 24 television channel.</p> <p>&ldquo;The Troitsk Engineering Centre will be ready to start mass production of these devices by the middle of the summer, and if necessary it will be able to make use of the investment and technical opportunities afforded by the infrastructure of the TechnoSpark Group of Companies in order to scale up its production capacity,&rdquo; confirmed <strong>Denis Kovalevich</strong>, General Director of the Centre.&nbsp;</p> Wed, 25 Mar 2020 12:00:00 +0300 UCP Investment Group and Rusnano Sistema SICAR Fund to Invest $5 mln in Geosplit https://en.rusnano.com/press-centre/news/20191002-rusnano-ucp-investment-group-and-rusnano-sistema-sicar-fund-to-invest-5-mln-usd-in-geosplit <p>The company Geosplit (a developer of marker-based diagnostics technology for the oil and gas industry), Rusnano Sistema SICAR Venture Investment Fund (jointly established by JSFC Sistema and RUSNANO) and UCP Investment Group signed an investment agreement for USD 5 million, as part of the Series B funding round. The lead investor in this round was UCP with the Rusnano Sistema SICAR fund as the co-investor, which earlier, in December 2017, had invested in the company during the Series A funding round.</p> <p>Series B funds were invested (cash in) in Geosplit to implement its future development strategy of expanding into international markets; realizing projects aimed at digitalization of field development using logging data obtained with marker-based technologies; developing the technology platform further, and launching new products based on Geosplit quantum marker-reporters on the market.</p> <p>Following the Series A funding round, Geosplit has significantly increased both its client base and the volume of ongoing projects focused on sustained use of marker-based diagnostics in Russian oil fields, and has expanded the scope of the technology&mdash;gas markers were developed for studying gas fields. In 2018, the company&rsquo;s revenue reached 150 million roubles, and in 2019, it plans to increase its earnings to RUB 400 mln.</p> <p>In 2018, Geosplit concluded a $2 mln long-term contract on conducting well diagnostics at the Daqing oil field in China, which is currently being managed by the state-owned company CNPC. In 2019, the company signed a new contract with China to explore the Linfen gas field in the Shanxi province. In addition to collaboration with the PRC, pilot projects are being planned for facilities of large oil companies in other regions of the world. The exports program includes over 20 countries.</p> <p>One promising direction for Geosplit is the development of new digital solutions to derive additional value from diagnostics data obtained with marker-reporters. This data helps customers with optimization of field development using machine-learning algorithms, adaptation of hydrodynamic models, and implementation of oil production digitalization projects. This particular direction will be in demand both in the Russian and foreign markets.</p> <p><strong>Alexander Katashov</strong>, CEO of Geosplit: &ldquo;Receiving Series B funding round investments is an important milestone for the company, confirming both the successful results of teamwork after Series A, and the investors&rsquo; confidence in our strategy for future development. Our main objectives for the upcoming period include our plan to increase the value of the marker-based well diagnostics technology by developing new products (such as gas markers) and digital solutions for field developers, and to increase the company&rsquo;s global presence in line with the exports program. In 2017, we entered the Russian market, and by the end of the year, we launched marker monitoring projects at 20 wells. By the end of 2018, the number of projects had grown to 50 wells. This year, we have doubled the sales of our products and services and entered foreign markets. The Series B funding round will give us new opportunities to actively develop our technologies and product line, including digital solutions, and to expand our sales and customer base around the world.&rdquo;</p> <p><strong>Mikhail Trofimov</strong>, partner of UCP Investment Group: &ldquo;Geosplit technologies enable oil and gas companies to significantly increase their output and reduce production costs. We see great potential for the application of this technology and highly appreciate our cooperation with the Geosplit team.&rdquo;</p> <p><strong>Alexey Katkov</strong>, Managing Partner of JSFC Sistema and member of Investment Committee at Rusnano Sistema SICAR fund: &ldquo;In 2017, the Rusnano Sistema SICAR fund became the first external investor in Geosplit. Over the past two years, the company has significantly expanded its product range. Currently, Geosplit&rsquo;s marker-based well diagnostics technology can be used both for oil and gas wells. The unique well inflow profiles (in fact, big data) that Geosplit obtains on an ongoing basis will facilitate the creation of effective models of digital fields in the nearest future. The involvement of the second major external investor UCP in the project will allow Geosplit to become a significant service player in the oil and gas market.&rdquo;</p> <p><strong>Sergey Vakhterov</strong>, Managing Director of RUSNANO Management Company and member of Investment Committee of Rusnano Sistema SICAR fund: &ldquo;The new round will enable Geosplit to increase its investments in the promotion of its marker-based well diagnostics technology on the international market, which is estimated to be worth approximately $1.6 bln by 2023 by experts. The Russian market, however, accounts for only 15% of the global market. The company&rsquo;s strategy entails entering the markets of nations in the Middle East, Africa and Asia-Pacific. Currently, there is demand for the technology as confirmed by active interest in it by the largest market players, such as CNPC, Saudi Aramco, etc.&rdquo;</p> Wed, 2 Oct 2019 12:00:00 +0300 RUSNANO Group Takes Measures to Prevent Coronavirus Spread https://en.rusnano.com/press-centre/news/20200318-rusnano-group-takes-measures-to-prevent-coronavirus-spread <p>As of March 18, due to the threat of the novel coronavirus disease (2019-nCoV) spreading in Moscow, RUSNANO Group employees have been working remotely with the regular working schedule. It is recommended that the employees strictly observe the requirements of the Moscow Government and Rospotrebnadzor concerning full self-isolation.</p> Wed, 18 Mar 2020 12:00:00 +0300 RUSNANO Issues RUB 12 Bln of Bonds at 7.7%, Its Lowest Ever Coupon Rate https://en.rusnano.com/press-centre/news/20191016-rusnano-issues-12-bln-roubles-of-bonds <p>On October 15, RUSNANO closed the bidding register for its issue of 3-year traded bonds, series BO-002R-03. The issue was underwritten by Alfa Bank, Raiffeisen Bank, Rosbank and Rosselkhozbank.</p> <p>The issue was initially priced at RUB 5 bln, with a provisional coupon rate of between 8.40 and 8.65% per annum. During the application process more than 90 bids were recorded in the bidding register, from all categories of investors: banks, investment, management and insurance companies, and private individuals. According to the register, the issue was oversubscribed by 5 times.</p> <p>This allowed the company to increase the size of the issue substantially, up to RUB 12 bln, and also close the register with an annual coupon rate of 7.7%, much lower than the originally proposed rate, which will give an effective rate of 7.85% upon maturity.</p> <p><strong>Artur Galstyan</strong>, RUSNANO Managing Company&rsquo;s Chief Financial Officer: &ldquo;After we started trading on the market without state support, in April 2019, we were able to increase our circle of market investors for our new bond issue. This enabled us both to increase the size of the issue and to substantially reduce the final coupon rate. We have seen an unprecedented level of demand for RUSNANO securities. The provisional coupon rate was reduced four times, and the final rate was an improvement of 95 base points. In view of the good size of the issue, the diversity of the subscribers and the high quality of the bids, we are confident that this issue will be very successful in trading on the secondary market. RUSNANO&rsquo;s financial stability and its chosen strategy have won the approval of the market.&rdquo;</p> <p><strong>Anna Bakulina</strong>, Head of Alfa Bank&rsquo;s Division for work with financial companies: &ldquo;This is the first time Alfa Bank has underwritten a bond issue by RUSNANO. We are very happy with the results of our first issue: it is very rare that we see so many applicants for an issue on the Russian bond market. The final coupon rate was fixed at 7.7% per annum, a record low for the company.&rdquo;</p> <p><strong>Oleg Kornilov</strong>, Executive Director for Debt Capital Markets, Raiffeisen Bank: &ldquo;The amount of demand and the highly diverse range of investors result in a highly liquid secondary bond market. Moreover, the high level of interest in the issue shows that investors put a high value on both the issuer&rsquo;s development strategy, and its importance for the country&rsquo;s development, and this will enable RUSNANO to raise funds on the financial markets in the future, with the same success.&rdquo;</p> Wed, 16 Oct 2019 12:00:00 +0300 Russia Shipped First Batch of Wind Turbine Blades to Denmark https://en.rusnano.com/press-centre/media/20200415-interfax-russia-shipped-first-batch-of-wind-turbine-blades-to-denmark Interfax,&nbsp;14.04.2020 <h5>Deputy Prime Minister Borisov: &ldquo;We are open for international collaboration in the &lsquo;green energy&rsquo; field.&rdquo;</h5> <p>&ldquo;Russia is open to collaboration with foreign companies for the advancement of technology, including for renewable energy,&rdquo; said Deputy Prime Minister <strong>Yurii Borisov</strong> at the ceremony for dispatching the first batch of Russian wind turbine blades for Denmark.</p> <p>&ldquo;Russia is keeping pace with the times. We are open for working together with the international leaders of promising directions in technological advancement, including alternate sources of energy,&rdquo; said Yu.&nbsp;Borisov, who participated in the ceremony via video conference.</p> <p><a href="/portfolio/companies/vestas" target="_self">The Vestas-RUSNANO</a> wind turbine blade factory dispatched the first batch of 48 blades from the Ulyanovsk site of the Vestas Manufacturing Rus plant to the Danish customer for the construction of a new wind turbine park.</p> <p>The plant operates under a special, three-way investment contract between Russia&rsquo;s Ministry of Industry and Trade, the Ulyanovsk Region, and Vestas Manufacturing Rus. In addition, in the Nizhny Novgorod and Rostov Regions, Vestas has consolidated production for components of wind energy installations.&nbsp;</p> <p>&ldquo;Similar projects, of course, must be repeated in other regions. We have supported, and will continue to support, the creation of new, high-tech production facilities in this area,&rdquo; Yurii Borisov stated.</p> <p>He added that the launch of such production facilities in Russia, in collaboration with foreign companies, demonstrates the results of international industrial and technological cooperation, which has taken place despite the tendency toward estrangement during these times of sanctions.</p> <p>The government supports the advancement of renewable energy resources (RER) in Russia.</p> <p>And so, as part of achieving the goals of Russia&rsquo;s first support program for the advancement of &lsquo;green&rsquo; energy, planned for 2014-2024, more than 5 GW power plants will be built, which will run on energy from wind, sun, and water. So far, work under this plan has already resulted in the commissioning of 55 solar power plants, with an overall capacity of approximately 770 MW, and 2 wind turbine plants, with a total output of 85 MW.</p> <p>&ldquo;Given the importance of renewable energy development, as well as the need to strengthen our industrial competence, and ensure the export of high-tech equipment and services in this sector, the Russian government, in the future, will continue to support this direction even after 2024,&rdquo; Yurii Borisov said in conclusion.</p> Wed, 15 Apr 2020 12:00:00 +0300 RUSNANO Portfolio Company Mitotech Develops New Method to Prevent Severe COVID-19 https://en.rusnano.com/press-centre/news/20200415-rusnano-mitotech-develops-new-method-to-prevent-severe-covid-19 <p><strong><a href="/portfolio/companies/skulachev-ions" target="_self">Mitotech</a> </strong>(RUSNANO portfolio company) science team that developed the SkQ1 compound, temporarily redirected all their resources to create a new mitochondrial antioxidant drug aimed at preventing the development of severe forms of the COVID-19 disease. It is expected that the injection drug with the working name Mitotech-19 will allow patients with apparent respiratory failure requiring oxygen therapy to prevent the further development of acute respiratory distress syndrome (ARDS) and reduce the need for lung ventilation.</p> <div class="img"><img alt="Mitotech (RUSNANO portfolio company) science team that developed the SkQ1 compound, temporarily redirected all their resources to create a new mitochondrial antioxidant drug aimed at preventing the development of severe forms of the COVID-19 disease." src="http://www.rusnano.com/upload/images/news/2020-04-15_Mitotekh_SkQ-synthesis.jpg" /> <p>Mitotech (RUSNANO portfolio company) science team that developed the SkQ1 compound, temporarily redirected all their resources to create a new mitochondrial antioxidant drug aimed at preventing the development of severe forms of the COVID-19 disease.</p></div> <p>The Mitotech team, headed by the Academician of the Russian Academy of Sciences Vladimir Skulachev, suggested using an original approach to combat complications of COVID-19. To date, the 2 main focus areas of designing new drugs for this disease are creating a vaccine and designing antiviral drugs that suppress the reproduction of the virus. At the same time, the most severe and dangerous complication of COVID-19 is the development of acute respiratory distress syndrome (ARDS). It is this condition that requires artificial lung ventilation (ALV) and often leads to death in patients.</p> <p>At the beginning of 2020, there was a lot of scientific evidence that in case of severe course of COVID-19, the key mechanism, and perhaps the main reason for the development of ARDS, is the systemic inflammatory response of the patient&rsquo;s body to the massive viral infection (sepsis). In this regard, the novel coronavirus SARS-CoV-2 is similar to influenza and SARS viruses.</p> <p>Several scientific papers over the recent years have shown that the mitochondrial antioxidant SkQ1 developed by the Mitotech team is capable of protecting animal organisms (and human cells within in vitro experiments) under conditions of systemic inflammatory response, i.e. sepsis. Amidst the global coronavirus pandemic, Mitotech proposed to create a SkQ1-based drug in the shortest possible time, which under conditions of excessive activation of the inflammatory system would prevent the development of COVID-19 to its most severe form.</p> <p><strong>Maxim Skulachev</strong>, CEO of Mitotech, one of the developers of Mitotech-19: &ldquo;At the moment, we have redirected all our available resources for the early completion of preclinical tests and production of pilot batches of Mitotech-19 to start clinical tests. It is very helpful that SkQ1 is already used as an active ingredient in drugs registered in Russia or drugs undergoing late stages of clinical tests in the United States. Therefore, with the success of the remaining development stages, we can reach the clinical tests of the drug within a few months. We may be ready for this even before the end of the current outbreak of the COVID-19 epidemic.&rdquo;</p> <p><strong>Ale</strong><strong>ks</strong><strong>andr Lukashev</strong>, corresponding member of the Russian Academy of Sciences, Director at the Institute for Medical Parasitology, Tropical and Transmissible Diseases named after E.I. Martsinovsky: &ldquo;We know from previous scientific papers that the mitochondrial antioxidant SkQ1 efficiently protects endothelial cells of blood vessels from the consequences of cytokine storm: the most harmful element of systemic inflammation. Based on these data, we may hope that the use of SkQ1 will reduce damage to the walls of blood vessels and their permeability under septic shock, and thus prevent the formation of pulmonary edema and other severe complications. This should lead to a reduction in acute respiratory failure and the duration of lung ventilation, and subsequently a reduction in the risk of lung fibrosis and chronic respiratory failure (dyspnoea) as a consequence of the infection. If this hypothesis is confirmed in clinical tests this drug will become the most important tool in the treatment of not only COVID-19, but also other kinds of severe viral pneumonia.&rdquo;</p> Wed, 15 Apr 2020 12:00:00 +0300 Anatoly Chubais: “High Risks Are a Distinctive Feature of Innovative Economy” https://en.rusnano.com/press-centre/chubais-column/20191113-rusnano-spiif-anatoly-chubais <p>Chairman of the Board of RUSNANO Management Company <strong>Anatoly Chubais</strong> took part in the 12th St. Petersburg International Innovation Forum (SPIIF). He devoted his speech at the plenary session entitled National Competitiveness: Opportunities, Development Ways, Best Practices to the specifics of innovative economy development.</p> <div class="img"><img alt="Chairman of the Board of RUSNANO Management Company Anatoly Chubais took part in the 12th St. Petersburg International Innovation Forum (SPIIF)" src="/upload/images/news/2019-11-13_PMIF_Plenarnoe_1200.jpg" /> <p>Chairman of the Board of RUSNANO Management Company Anatoly Chubais took part in the 12th St. Petersburg International Innovation Forum (SPIIF)</p></div> <p>According to the Head of RUSNANO Management Company, the tasks of a traditional and a technological investor creating an innovative product are fundamentally different. &ldquo;A technology investor cannot work professionally if he or she lacks in-depth understanding of the technology. He must not just have a clear idea of what he has invested in, but he must also know potential buyers of technology, represent potential competitors and conduct serious scientific analysis of how these technologies will change in 5-10 years,&rdquo; explained Anatoly Chubais.</p> <p>The main distinctive feature of the innovation economy is high investment risks, and the Private Equity and Venture Capital (PE/VC) industry has developed mechanisms to hedge these risks,&rdquo; he said. The basic mechanism for a venture capital fund is a portfolio approach, in which even if eight out of ten projects fail, one will survive and another project will be so effective that it will be able to recoup all the investments made. &ldquo;A portfolio for the funds is as fundamental a thing as a barque with a lot of sails for sailors: even if some of the sails can&#39;t withstand the storm, the ship will continue to move using the remaining ones,&rdquo; said the Head of RUSNANO Management Company to give an example.</p> <p>The problem, he said, is that the system of control and supervision in Russia is set in the opposite direction from innovations and does not accept the inevitable risks in the industry. &ldquo;Today, for the inspectors, the presence of unsuccessful investment in the fund&#39;s portfolio is an article of the Criminal Code, providing for 10 to 15 years of high security prison sentence,&ldquo; stated Anatoly Chubais.</p> <p>At the same time, without an active role of the state, only on market principles, the innovation industry has never been born in any of the developed countries, including the examples of South Korea, Taiwan and China, said the Head of RUSNANO Management Company with full confidence. &ldquo;There would have been no Silicon Valley in California if it had not been for 10-12 years of large-scale state-funded investment by the U.S. Department of Defense,&rdquo; he reminded.</p> <p>Russia also sets the right direction for the growth of technological investment in the national project Digital Economy, from augmented reality to the Internet of things and 5G, noted Anatoly Chubais. In his opinion, an equally important task of the state is to create institutions of innovative economy, including the institution of venture investment, which is still in its infancy, said the Head of RUSNANO Management Company. &ldquo;The share of the PE/VC industry in Russia is 20 times less than in Poland and 600 times less than in the United States,&rdquo; were the statistics he provided, &ldquo;about half of the framework of the innovation economy has been built so far.&rdquo;</p> <p>The 12th St. Petersburg International Innovation Forum (SPIIF) is the largest platform in the Northern Capital for promoting scientific and production potential. The projects and initiatives presented at the Forum serve to strengthen the image of St. Petersburg as the leading think tank of Russia and the world. The main topic of the 12th St. Petersburg International Innovation Forum is Export as an Instrument of Innovative Economy Development.</p> Wed, 13 Nov 2019 12:00:00 +0300 Largest Nanotube Synthesis Installation in the World Launched in Novosibirsk https://en.rusnano.com/press-centre/media/20200212-tass-largest-nanotube-synthesis-installation-in-the-world-launched-in-novosibirsk TASS, 11.02.2020 <h5>When added to almost any other material, carbon nanotubes have multiplied its strength and electric conductivity</h5> <p>Graphetron 50, the largest nanotube synthesis installation in the world, was launched in Novosibirsk.</p> <p>The installation, developed by <a href="/portfolio/companies/ocsial">OCSiAl</a> company (a RUSNANO portfolio company), will produce graphene nanotubes&nbsp;&mdash; a modifier that enhances properties of many materials.</p> <p>&ldquo;Following the <nobr>one-ton</nobr> machine, deployed and launched here in 2013, we launch the <nobr>50-ton</nobr> installation today,&rdquo; RUSNANO Chairman Anatoly Chubais said, adding that this is &ldquo;an event of an international importance.&rdquo;</p> <p>&ldquo;There is nothing comparable to this on the Earth. We are talking industrial installation that can produce material that no one can produce in such volumes. The material itself is 150&nbsp;times stronger than steel,&rdquo; the official underscored.</p> <p>When added to almost any other material, carbon nanotubes have multiplied its strength and electric conductivity.</p> <p>&ldquo;I can say responsibly that it is here, in Novosibirsk Region, in Akademgorodok, in OCSiAl company, that we create the new era of mankind&rsquo;s materials. Nobody can truly comprehend the scale of its importance yet,&rdquo;&nbsp;Chubais concluded.</p> <p>The new installation is OCSiAl&#39;s second. It&rsquo;s production capability is 50&nbsp;tons of graphene nanotubes per year. The first installation, Graphetron 1.0, has been launched in 2014&nbsp;and is currently capable of producing 25&nbsp;tonnes per year.</p> Wed, 12 Feb 2020 12:00:00 +0300 RUSNANO Group Signs Agreement with Swedish Company Midsummer on Development of Flexible Solar Panels Market https://en.rusnano.com/press-centre/news/20190911-rusnano-group-signs-agreement-with-swedish-company-midsummer-on-development-of-flexible-solar-panels-market <p>The RUSNANO Group Fund for Infrastructure and Educational Programs and Midsummer from Sweden have signed a framework agreement to develop the non-silicon-based flexible solar cell technologies market in Russia and the Eurasian Economic Union (EAEU). The document was signed by <strong>Sven Lindstr&ouml;m</strong>, CEO of Midsummer, and <strong>Ruslan Titov</strong>, Deputy General Director of the Fund.</p> <p>Midsummer is the Swedish technology leader in the field of solar energy, one of the world&rsquo;s leading developers and suppliers of advanced integrated solutions in the field of flexible solar cells. Under the agreement, RUSNANO Group will use Midsummer&rsquo;s state of the art technologies to manufacture lightweight flexible photocells, copper indium gallium diselenide (CIGS) modules and end products for Russia and other Eurasian Economic Union countries (Armenia, Belarus, Kazakhstan and Kyrgyzstan). For its part, Midsummer will become one of the world-wide distributors of flexible solar modules manufactured in Russia and the EAEU.</p> <p>&ldquo;We are pleased and excited to enter into this agreement with such a respectable and forward-looking company as RUSNANO,&rdquo; said <strong>Sven Lindstr&ouml;m</strong>, CEO of Midsummer. &ldquo;This could open up a whole new market for our advanced manufacturing equipment for light, flexible, robust and energy efficient thin film solar cells. Our DUO system has taken the position as the most widespread manufacturing tool for thin-film flexible CIGS solar cells in the world. We are particularly impressed with RUSNANO&rsquo;s focus on the use of flexible solar panels in the construction of new buildings and the operation of existing buildings and other infrastructure facilities, a vision that we share.&rdquo;</p> <p>&ldquo;Flexible solar panels that are integrated into the existing buildings and those under construction are one of the fastest-growing markets in the energy sector today. Technological breakthroughs in photovoltaics made by several research groups and companies in Europe and the US over the recent years allow placing solar panels in previously impossible places: non-accessible roofs, facades and windows. We have been systematically developing non-silicon-based flexible photovoltaics in Russia in the only possible way: first, technology transfer and localization of production, then technological upgrade and scale-up to keep up with the growing market, including export, which we will start immediately after the launch of the first plant,&rdquo; said <strong>Ruslan Titov</strong>, Deputy General Director of the RUSNANO Group Fund for Infrastructure and Educational Programs.</p> <p>The Midsummer flexible solar cell manufacturing process ensures minimal carbon footprint compared to other solar cell manufacturing technologies, as confirmed by life cycle analyses conducted by independent experts.</p> Wed, 11 Sep 2019 12:00:00 +0300 Innovations to combat cancer. How RUSNANO creates technologies and develops personnel for fighting oncological diseases https://en.rusnano.com/press-centre/media/20200401-tass-innovations-to-combat-cancer TASS, 31.03.2020 <p>The fight against cancer is one of the key areas of the Healthcare&nbsp;National Project. Almost RUB 1 trln in funding have been allocated to it up to 2024. With the help of these contributions, the plan is to reduce the mortality from oncological diseases by 8% in Russia by 2024. It is difficult to achieve this goal without introducing advanced diagnostic methods into the medical field and developing effective medicines. Hence, solutions from innovative businesses and significant private investments are required. RUSNANO&rsquo;s success in this field shows that it is possible to achieve real changes in diagnostics, treatment and pharmacology if promising innovative projects from the private business sector receive support.</p> <div class="img"><img alt="Protective container for radiopharmaceuticals" src="http://www.rusnano.com/upload/images/news/2020-03-17_Onko_PET-Technology.jpg" /> <p>Protective container for radiopharmaceuticals<br />Photo: PET-Technology</p></div> <p>Essential facilities for the national project in the field of oncology will include 420 outpatient oncology clinics in all regions of Russia; 160 regional hospitals for patients with cancer equipped with necessary medical equipment, and 18 reference centers for specialized studies. Only specialists trained in advanced modern methods can ensure accurate diagnosis and high-quality treatment. In addition to providing investment support, the RUSNANO Group is engaged in training and retraining specialists in oncology, who will be sought after by medical institutions under construction at present.</p> <p>The TASS report includes information about RUSNANO&rsquo;s most important investment and educational projects in the fight against cancer.</p> <h2>Isotopes for Diagnosis and Treatment</h2> <p>&ldquo;We were the first in the country to start creating a regional network of centers of nuclear medicine that focuses on diagnosis in oncology,&rdquo; says <strong>Anatoly Chubais</strong>, Chairman of the Board of RUSNANO Management Company.</p> <p>RUSNANO has been able to transfer advanced medical technologies for diagnosis and treatment of cancer to Russia. PET-Technology company, which RUSNANO successfully exited in 2018, has established the country&rsquo;s first national network of nuclear medicine centers. At present, there are 14 PET/CT diagnostic centers, where 90% of highly accurate diagnostic procedures are carried out free of charge, i.e. they are covered by the Compulsory Health Insurance (OMS). The PET/CT method combines positron-emission tomography and computer tomography, which gives the potential to identify cancer in its earliest stages and enables healthcare practitioners to prescribe a suitable treatment. As part of the initiative, there are two radiopharmaceutical production facilities in the cities of Ufa and Yelets equipped with cyclotron complexes, laboratories for synthesis of radiopharmaceuticals, and CyberKnife&nbsp;(a stereotactic radiosurgery treatment system).</p> <div class="img"><img alt="“CyberKnife” radiosurgery system, Ufa" src="http://www.rusnano.com/upload/images/news/2020-03-17_Onko_Kiber-Nozh.jpg" /> <p>CyberKnife Radiosurgery System, Ufa<br />Photo: PET-Technology</p></div> <h2>Biotech aAgainst Cancer</h2> <p>Another important field in oncology that RUSNANO invests in is clinical research, focusing on foreign biotechnology product localization and development of domestic medications. In the Leningrad region, RUSNANO has opened the Pharmsynthez manufacturing complex, which manufactures a local medication containing hydrazine sulfate for the treatment of brain tumors. The medication has a palliative effect and aims to improve the quality of life of cancer patients. In addition, the company works in one of the most promising areas in oncology treatment, i.e. a personalized CAR T therapy (XCART). The plan is to use the XCART platform to develop a cell therapy for the treatment of B-cell non-Hodgkin lymphomas. In addition, Pharmsynthez produces a drug containing molgramostim used in conjunction with chemotherapy.</p> <p>There is a plan to manufacture a drug, with the active substance daratumumab, for the treatment of multiple myeloma using the facilities of the Nanolek biopharmaceutical company (established with the participation of RUSNANO, which subsequently exited the enterprise in 2019) in the Kirov region in partnership with Janssen (a subdivision of the Johnson &amp; Johnson group). The medication is expected to be launched in 2021. There are no analogues for it on the Russian market. &ldquo;The project will improve access to modern and effective treatments for patients with a difficult-to-treat form of cancer, i.e. multiple myeloma,&rdquo; says the President of Nanolek <strong>Vladimir Khristenko</strong>.</p> <div class="img"><img alt="Nanolek company production facility" src="http://www.rusnano.com/upload/images/news/2020-03-17_Onko_Nanolek_01.jpg" /> <p>Nanolek company production facility<br />Photo: Nanolek</p></div> <h2>Trials and Restructuring of Startups</h2> <p>Another part of RUSNANO Group, the investment network of nanotechnology centers of the Fund for Infrastructure and Educational Programmes, is engaged in creating new businesses. Among almost 800 startups, there are those working on diagnosing rare disorders and oncological diseases, and on helping cancer patients return to normal life.</p> <p>An important project for the nanotechnology centers in the field of reconstruction in oncology is TEN MedPrint (part of the TechnoSpark group of companies). The startup designs and manufactures individual endoprostheses for specific patients who mass-produced medical devices are unsuitable for, for example, when reconstructing the shape of the jaw and skull after bone removal during oncology treatment. In 2019, more than 500 individualized 3D-printed implants were produced, of which about 10% were for reconstructive oncology.</p> <p>ULNANOTECH nanotechnology center&rsquo;s startup TestGen develops and manufactures genetic tests to determine the risk of developing prostate cancer using urine. Such screening was previously unavailable in Russia, but prostate cancer is one of the most common malignancies in men over 40 years of age.</p> <div class="img"><img alt="Prostate cancer brachytherapy" src="http://www.rusnano.com/upload/images/news/2020-03-31_Onko_Bebig.jpg" /> <p>Prostate cancer brachytherapy<br />Photo: Bebig</p></div> <p>Perpic company from the SYGMA. Novosibirsk nanotechnology center developed a spectrometer for quantification of particles in blood and tissue samples using the electron paramagnetic resonance method. Results of such analyses are accurate and the method is fast and low cost.</p> <p>The ReadSense genome center, a part of the TechnoSpark group of companies, has become the main laboratory of Russia&rsquo;s OncoBRCA initiative to study genetic causes of hereditary cancers. A specialized data bank is being created using unique clinical samples analyzed by targeted sequencing. The data obtained will be used for testing for inherited cancer risk, identifying risk groups and improving treatment strategies.</p> <p>The Fund for Infrastructure and Educational Programmes is also involved in an international project to design a compact proton therapy system for cancer treatment. The work is being carried out by Protom company, located in Protvino, Moscow Region, and by the Israeli partner P-Cure. The aim of the project is to make proton therapy widely accessible to cancer patients. A potential advantage of the treatment is the ability of a proton beam to target a tumor, thus minimizing the negative impact on surrounding healthy tissues. Testing of the system is being completed, and an approval application has been submitted to the FDA.</p> <div class="img"><img alt="Pilot prototype of the Protom proton therapy system" src="http://www.rusnano.com/upload/images/news/2020-03-17_Onko_P-Cure.jpg" /> <p>Pilot prototype of the Protom proton therapy system<br />Photo: P-Cure</p></div> <h2>Retraining Oncologists</h2> <p>The Fund for Infrastructure and Educational Programmes has developed 11 training programmes designed for professionals whose work is connected to diagnosing and treating various oncological diseases. By the start of 2020, a total of about 12,000 specialists completed their training.</p> <p>Five educational programmes, created with the support of the Fund, are on high-tech methods for early diagnosis of cancer&mdash;positron emission tomography and computer tomography; the use of omics data; nanotechnology in melanoma diagnosis; high-tech methods for analyzing clinical data in the field of hereditary diseases, and the use of genetic markers for screening and early diagnosis of prostate cancer. Four programmes focus on advanced treatment methods for reproductive system cancers based on targeted medications, radiation and laser therapies, and methods of local destruction of parenchymal organs tumors. Two programmes were designed to update the skills of professionals specializing in both cancer diagnosis and cancer treatment in the fields of nuclear medicine and fluorescence diagnostics, and photodynamic therapy.</p> <div class="iframe-box"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" src="https://www.youtube.com/embed/g3NL5TJoGxY?enablejsapi=1"></iframe></div> <p>The programme on omics data, created for oncologists with Fund for Infrastructure and Educational Programmes support, has become one of the most popular offerings on the platform available via the portal for continuing medical education from the Ministry of Health of the Russian Federation. Several modules of the programme have been viewed by health practitioners about five thousand times.</p> <p>Analysis of omics data, which includes genetic, proteomic, lipidomic and other medical data, enables one to use a personalized approach to cancer treatment. Similar symptoms in two patients may reflect different pathways of disease progression and, therefore, require different treatments. Omics technologies allow one to use complex data in clinical diagnostics, to study a body on many levels, starting with DNA, and to take into account the efficacy and the side effects of the medications used by the patient.</p> <p>The programme development phase included training a pilot group and then amending the curriculum accordingly before the programme is launched. As a rule, a typical pilot group consists of 20 people, but more than 200 oncologists from 18 regions of Russia applied for this particular training. As a result, it was expanded to include 60 people who joined a live broadcast with chats and had an opportunity to ask questions and take part in discussions. &ldquo;Overall, more than six thousand professionals took part in the lectures on molecular and cellular biology of cancer and genetic certification of tumors, subjects that are not taught at universities. A decision was then made to create a separate resource. The idea was subsequently realized with the help of the remote medical education platform (18+),&rdquo; said <strong>Tatyana Nikolenko</strong>, Director of Infrastructure Projects at RUSNANO Management Company in 2008-2020.</p> <p>She added that during the first two weeks after the resource became available on the portal of continuing medical education of the Ministry of Health of the Russian Federation, more than 800 oncologists had been trained, with each completing an average of five or six modules.</p> Wed, 1 Apr 2020 12:00:00 +0300 Russia’s First Factory Making Thin-Filmed Solar Cells Under Construction in Saransk https://en.rusnano.com/press-centre/news/20200401-russia-first-factory-making-thin-filmed-solar-cells-under-in-saransk <p>Russia has taken a further step towards making alternative forms of energy available to ordinary consumers. Saransk, capital of Mordovia, will soon become a centre for the production of innovative solar panels, which can easily be integrated into various types of materials used to cover the roofs and even the facades of buildings. These panels can be used to make flexible tiles and soft roofing materials such as roofing felt, as well as facing tiles, which will start to generate electricity for the building&rsquo;s owners instead of just heating up in the sun. The RUSNANO Group is making it possible for any building to be converted into a small power station, without the need to install heavy silicon-based batteries on the roof.</p> <p style="text-align: center;"><img alt="Thin Film Solar Panels" src="http://www.rusnano.com/upload/images/news/2020-04-01_Midsummer_1200.jpg" /></p> <p>The Republic of Mordovia Centre for Nanotechnology and Nanomaterials,which is part of the RUSNANO Group&rsquo;s investment network, the Fund for Infrastructure and Educational Programs, has entered into an agreement with its Swedish partner, Midsummer, for the supply of a production line to make integrated solar panel. This is the first order under the agreement on the development of flexible non-silicon-based photovoltaic devices in Russia and the Eurasian Economic Union, which was signed between the RUSNANO Group and Midsummer in 2019. The cost of the equipment will be within the standard range for production lines of this type&mdash;between $3.5&ndash;5 mln.</p> <p>&ldquo;We are very glad that at last we have become part of the Russian market for the production of integrated solar panels. We keenly await the first shipments of Russian-made panels to the European market, as in Europe demand exceeds Midsummer&rsquo;s current production capacity,&rdquo; <strong>Sven Lindstr&ouml;m</strong>, General Director of the Swedish company, stated.</p> <p>The production line equipment is being manufactured in Midsummer&rsquo;s factory in J&auml;rf&auml;lla, near Stockholm, and will be delivered to the Stilsan factory in Saransk towards the end of 2020. The new entity is currently preparing the production premises - an area of almost 1000 sqm on the territory of the Mordovia Technopark. All the utility supply lines are being installed from scratch and clean rooms are being fitted out. The entity will be managed by the Republic of Mordovia Centre for Nanotechnology and Nanomaterials and Solartek, a company in the TechnoSpark Group which has been promoting solar roof solutions based on thin-filmed photovoltaic panels since 2015.</p> <p>This facility is being launched in order to meet the demand for integrated solar roofs in the commercial sector. We are offering unique products&mdash;a range of different roofing materials containing integrated solar cells. Midsummer&rsquo;s technology is ideally suited for this purpose. We hope that through technology transfer and the localization of the manufacture of flexible solar cells in Saransk, we will be able to develop the solar roof business in Russia and abroad,&rdquo; <strong>Dmitry Krakhin</strong>, director of Solartek, said. And he considers it possible that, in the future, when the green tariff system is fully operational in Russia, demand for solar roofs will grow among owners of private houses.</p> <p>The Stilsan factory will produce solar panels and modules using the promising thin-film copper indium gallium selenide (CIGS) technology. The average efficiency factor is 15%, but modules will also be able to work in conditions of diffuse sunlight and in overcast weather. The planned production capacity is 10 MW a year.</p> <p>The main market for the planned output will be the commercial construction and renovation segments in Russia and other countries in the Eurasian Economic Union (Armenia, Belarus, Kazakhstan and Kyrgyzstan). But entities in other countries further afield are also showing interest in promoting the solar cells and modules which the Saransk factory will produce. Interest in flexible integrated modules is growing rapidly in the global solar energy sector. The largest global producers of construction materials (polymers, glass and steel) are working hard on the development of solutions that make use of integrated photovoltaic elements.</p> <p>The supply of the equipment will enable a unique technology&mdash;the production of integrated non-silicon photovoltaics&mdash;to be transferred to Russia. In the future, the Fund for Infrastructure and Educational Programs may invest in further development of the industry and in the upgrade of the acquired technology with the help of new Russian innovations in the sector.<span style="color:#000080;"></span></p> <h2>The Russian Solar Energy Market</h2> <p>The Russian Federation has plans to expand and diversify the use of renewable energy sources in the generation of electricity. In accordance with the government&rsquo;s current plans and policy, by 2030 renewables will account for almost 5% of the country&rsquo;s total electricity consumption. Moreover, <a href="https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2017/Apr/IRENA_REmap_Russia_paper_2017.pdf" target="_blank">according to assessments</a> conducted by the International Renewable Energy Agency (IRENA), renewables may account for more than 11% of Russia&rsquo;s energy mix. In order to make use of this potential it will be necessary to invest $300 bln in the renewable energy sector by 2030.</p> Wed, 1 Apr 2020 12:00:00 +0300 RUSNANO FIEP Starts Supplying Key Parts of Test Systems for Coronavirus Detection https://en.rusnano.com/press-centre/news/20200407-fiep-starts-supplying-key-parts-of-test-systems-for-coronavirus-detection <div style="width: 128px; float: right; padding: 10px 15px; margin:-50px 0px 7px 0px; font-size: 16px; font-style: normal; color: #fff; background: linear-gradient(45deg, #CC2200 0%, #FF0000 100%); font-weight:400; border-radius: 5px;"><a href="https://fiop.site/rosnanovsvirus/" style="color:#fff; text-decoration:none;" target="_blank">#rusnanoVSvirus</a></div> <p>RUSNANO Group started supplying components for the coronavirus COVID-19 rapid testing device approved for use in Russia. The contract manufacturer of mechatronics, robotics and medical equipment <a href="http://www.tenfab.ru/en/" target="_blank">TEN fab</a> has started batch production of sets of key parts for the coronavirus mobile diagnostics device, Evotech-Mirai Genomics, ordered by the Moscow Department of Health. TEN fab is a part of <a href="https://technospark.ru/en/" target="_blank">TechnoSpark Group</a> from the investment network of the Fund for Infrastructure and Educational Programs (FIEP) of RUSNANO Group.</p> <p>Under the contract, TEN fab will produce 3,000 sets of parts for amplifier cartridges consisting of complex parts that require high precision machining. The cartridge is the core of a diagnostics system where samples are placed for analysis. The first batch of cartridge parts has been already delivered to the customer on April 3, 2020.</p> <p>The device Evotech-Mirai Genomics tests the material taken from patients by the method of isothermal amplification SmartAmp, developed in partnership with the Russian company Evogen and K. K. Mirai Genomics (Japan). The device delivers test results in 30 minutes, performing a large number of simultaneous tests, and can be used in both stationary and portable versions of mini-laboratories. The test system for COVID-19 has already been approved by Roszdravnadzor. Evotech-Mirai Genomics will supply the Moscow Department of Health with 56 mobile packages and 100,000 rapid tests for coronavirus.</p> <p>&ldquo;In the fight against coronavirus, RUSNANO Group is ready to use the capacities of its high-tech production facilities not only to manufacture its own products, but also to speed up the implementation of other projects appearing in the market,&rdquo; assures <strong>Denis Kovalevich</strong>, General Director of TechnoSpark Group. He then adds: &ldquo;Now TechnoSpark is waiting for the state registration of the BIO- Indicator analyser for COVID-19 detection created with its participation, and is preparing to launch its mass production. At the same time, a group of TechnoSpark contract companies participate in manufacturing key components of the Evotech-Mirai Genomics device, supported by the Russian Private Equity Fund and already&nbsp;procured by the Moscow government. We intend to do our best to promptly launch the most advanced technological developments and reduce the negative impact of the global pandemic on Russia.&rdquo;</p> <p></p> Tue, 7 Apr 2020 12:00:00 +0300 Geosplit Successfully Conducts First Gas Well Surveys in China https://en.rusnano.com/press-centre/news/20200225-rusnano-geosplit-successfully-conducts-first-gas-well-surveys-in-china <p>Geosplit (a Rusnano Sistema SICAR Fund portfolio company) continues its active work in the Asian market. In 2020, thanks to the new marker diagnostics development, the company was able to quantify the performance of horizontal gas wells without downhole operations for the first time in China (Linfen Gas Field, Shaanxi Province).</p> <div class="img"><img alt="China’s Linfen Gas Field (Shaanxi Province)" src="/upload/images/news/2020-02-25_Geosplit_Kitay_snippet.jpg" /> <p>China&rsquo;s Linfen Gas Field (Shaanxi Province)</p></div> <p>The Geosplit team has been carrying out projects at Chinese oil fields for several years in a row. This is due to the high level of confidence in Geosplit&reg; technology from leading oil and gas and oilfield service companies in China. After obtaining informative results of oil well research, the Asian partners set a task to create gas well research technology due to the active development of the shale gas segment and field digitalization.</p> <p>During the implementation of this project, Geosplit reached a new level. The technology development cycle from idea to implementation at the client&rsquo;s sites took less than a year. The company was facing a number of serious technological challenges:</p> <ul> <li>to create a new polymeric material that, when interacting with the gas, would steadily release markers into the gas flow over a long period of time. Moreover, this material must be resistant to aggressive environmental impacts and high temperatures</li> <li>to develop a reliable sampling system that meets the strict safety standards of the gas industry and allows multiple sampling without the need to transport gas cylinders.</li></ul> <p>A pilot gas well research project using Geosplit gas markers was launched at the wells of the Linfen Gas Field in September 2019, when the carrier material for Geosplit&reg; reporting markers was placed in the first wells during the stimulation work. In December, the first sampling from gas wells was carried out, and in early January, the customer responded positively to the results of the research. Thanks to the Geosplit&reg; technology, the customer has access to a constant flow of data about the well interval productivity without the need to stop or change the well operation mode. Combining the research results obtained by the Geosplit laboratory with geological information gives the customers a fundamentally new approach, which allows planning an increase in the field productivity, localization of residual reserves and implementation of production digitalization projects.</p> <p>The first work on gas wells demonstrated a high convergence of the marker diagnostics data with gas saturation studies obtained when drilling. The next step is dynamic monitoring of interval performance, assessment of hydraulic fracturing and well injection system&rsquo;s efficiency.</p> <p>In addition to the work planned in China on some of the largest oil and gas fields, Geosplit is planning to carry out offshore gas field projects in the Middle East over the next year, which will require adapting gas sampling equipment to meet maritime safety standards.</p> <p><strong>Anna Belova</strong>, Director of International Business Development at Geosplit: &ldquo;The project at Linfen Field once again confirmed the professionalism and cohesion of the Geosplit team. Before China, the company had no experience of using the technology on gas wells. Technology testing is always associated with certain risks, including reputational ones. Pilot operation with new partners whose confidence is not yet linked to the success of previous projects is even more difficult. The first results of the gas well survey give us certainty that the promises made to the Chinese partner will be fulfilled with good quality and promptly.&rdquo;</p> Tue, 25 Feb 2020 12:00:00 +0300 Projects with RUSNANO’s Participation Win in Two Categories of the RBC Award https://en.rusnano.com/press-centre/news/20191217-rusnano-projects-win-in-two-categories-of-the-rbc-award <p>Two projects from RUSNANO&rsquo;s investment portfolio won one of the most authoritative awards of the Russian business community, the RBC Award. The names of the winners were announced at the solemn ceremony on December 16.</p> <p><strong>Yury Koropachinsky</strong>, President of OCSiAl RUSNANO portfolio company, became the winner in the Visionary category. He was nominated for the creation of a unique additive: graphene nanotubes. In 2019, OCSiAl was estimated at $1 bln and included in the official lists of unicorn companies, according to CBInsights and Crunchbase. The company is rapidly increasing production, which reached 65 tons per year in 2019, and plans to launch the first phase of the world&rsquo;s largest plant for the synthesis of graphene nanotubes in Luxembourg in 2022. OCSiAl&rsquo;s revenue doubles annually and, according to experts in the field of nanotechnology, demand for graphene nanotubes is expected to grow rapidly in the near future due to its use in FMCG products. OCSiAl controls 90% of the world market, and its clients include global automakers, electronics market leaders and large chemical concerns.</p> <p><strong>Andrey Yudnikov</strong>, CEO of cloud video surveillance and video analytics service Ivideon, was selected as the winner in the Startuper category. In October 2018, the project attracted $8 mln from the Rusnano Sistema SICAR venture fund, created jointly by JSFC Sistema and RUSNANO, and the Skolkovo Ventures Industrial Foundation, created with the participation of RVC. The Ivideon solution for remote control and business efficiency attracted 4.1 mln users in more than 100 countries. In 2019, under the leadership of Andrey Yudnikov, the company launched Russia&rsquo;s first face recognition service in the Ivideon Faces cloud. With this innovative product, the company expects to take up about 50% of the domestic cloud video surveillance market for business. The product is focused on retail, HoReCa, banks, services as well as offices and open spaces. The service does not require the installation of local complex and expensive equipment; cloud technology opens access to analytics from any device around the world with access to the Internet.</p> <p>For five years, the RBC Award has been a vivid reflection of the development of Russian business. This year, 96 people were nominated for the award in six categories: Manager, Entrepreneur, Startuper, Investor, Visionary, and Social Manager. Candidates were nominated by expert councils and the RBC audience; they included those who achieved the most outstanding and exemplary results in business and management in 2019. The experts chose the most original, notable and inspiring personalities of Russian business from the long list. The quality of voting and compliance of the selection process was ensured by the independent observer of the award: EY.</p> Tue, 17 Dec 2019 12:00:00 +0300 Saudi Aramco Approves Its First Investment in Russia. The Small Deal May Become a Breakthrough for the Admission of Saudi Investors to the Russian Market https://en.rusnano.com/press-centre/media/20191015-rbc-saudi-aramco-approves-its-first-investment-in-russia RBC,&nbsp;14.10.2019 <h5>Saudi Aramco, the Saudi state-owned oil company, together with RDIF, will buy out RUSNANO&rsquo;s stake in the oilfield service company Novomet. The deal, worth less than $200 million, will be the first investment of Saudi Aramco in Russia</h5> <p>Saudi Aramco, one of the world&rsquo;s largest oil producers, the Saudi Arabia Public Investment Fund (PIF) and the Russian Direct Investment Fund (RDIF) have signed binding documents on the purchase of 30.76% of the oilfield service company Novomet from RUSNANO. This was announced on October 14 at the Russian-Saudi Investment Forum in Riyadh in the presence of Russian President Vladimir Putin and King Salman bin Abdulaziz Al-Saud of Saudi Arabia.</p> <p>The amount of the deal is not disclosed by the parties. But the minutes of the bilateral intergovernmental commission on trade, economic and scientific-technical cooperation, which met on the eve of the forum in Moscow in early June, say that the joint project of Saudi Aramco, PIF and RDIF on the production of oil-submersible equipment (it is just what Novomet is doing) approximately costs $659 million. This amount does not include the company&rsquo;s debt of about RUB 20-25 billion, according to two sources close to the different parties to the deal. Thus, RUSNANO may sell its stake for $200 million (RUB 12.8 billion at the exchange rate of the Central Bank of Russia as of October 14), or, taking into account the debt, for about RUB 7 billion. RUSNANO&rsquo;s Board of Directors approved a minimum estimate of RUB 7.5 billion for the Novomet shares in spring.</p> <h2>First Saudi Aramco deal in Russia</h2> <p>The deal with Novomet will be the first joint investment of RDIF and Saudi Aramco within the framework of the $1 billion energy platform created in 2017 with the participation of PIF. It is aimed at investing in the Russian energy sector with the possibility of further localizing the business in Saudi Arabia and the Middle East, a representative of RDIF said. &ldquo;This is the first investment with Saudi Aramco not only within the framework of the joint energy platform, but also in Russia in general,&rdquo; RDIF General Director <strong>Kirill Dmitriev </strong>stated.</p> <p>The transaction will be completed after obtaining the approval of the Federal Antimonopoly Service (FAS), RDIF&rsquo;s statement reads. A consortium involving RDIF and Saudi Aramco and PIF filed its first application for the purchase of a Novomet stake, an application for clarification, back in February 2019, and the second one (for the approval of the transaction) at the end of September. &ldquo;The applicant was asked to provide additional information. The application is under consideration,&rdquo; a representative of the Federal Antimonopoly Service told RBC. The deal is expected to be completed by the end of the year, according to one of the interviewees of RBC.</p> <p>The sale of a stake in Novomet to Saudi Aramco is a tentative action to allow investors from Saudi Arabia to enter the Russian market, <strong>Maxim Khudalov</strong>, Senior Director of ACRA, said. &ldquo;The relations between both countries have been improving, and perhaps we will see more Arab money in Russian projects,&rdquo; he added.&nbsp;Earlier, Saudi Aramco expressed interest in buying a stake in NOVATEK&rsquo;s Arctic LNG-2 natural gas liquefaction project, intending to invest up to $5 billion, but the parties did not reach a final agreement. An additional condition of the deal with Novomet shares may be the admission of this Russian company to the Saudi Arabian market, the expert believes.</p> <h2>Pumps for Saudi Arabia and the Middle East</h2> <p>Novomet, with its two industrial sites and headquarters in Perm, is engaged in the production of oil-submersible equipment and drilling services for oil companies in Russia and abroad. According to the RDIF, the company is the sixth largest supplier of oil production solutions in the world (3.9% of the global oilfield service equipment market).</p> <p>RUSNANO, together with Baring Vostok and Russia Partners, invested in Novomet in 2011. Since then, the state company has invested RUB 3.92 billion directly in the project, and the funds were buying the shares of the founders, a representative of RUSNANO says. Now, the six founders own 49.9% of the company, and Baring Vostok and Russia Partners have less than 20%. &ldquo;Over the last nine years, with the participation of RUSNANO, Novomet has evolved into one of the leaders in the Russian oilfield service equipment market and entered the world market top 10. RUSNANO&rsquo;s investments allowed the company to modernize the Perm manufacturing site of submersible pumps for oil production, to increase revenues by a factor of 3.5, up to RUB 23.2 billion, to expand the international network of equipment supply to 25 countries and to open 12 service centres for equipment maintenance worldwide,&rdquo; RUSNANO Management Company Board Head <strong>Anatoly Chubais</strong> (his words are quoted in the message) reported.</p> <p>A.&nbsp;Chubais expects that the participation of a strategic investor in Novomet, Saudi Aramco, one of the world&rsquo;s largest oil producers, will strengthen the high status of the Russian company in the international oilfield services market and give a new impetus to its development. RDIF, in partnership with Saudi Aramco and PIF, intends to significantly expand Novomet&rsquo;s business in Saudi Arabia and other key markets in the Middle East, Dmitriev confirmed. He adds that Novomet will be able to expand its portfolio of orders for the production and maintenance of equipment, and will also have the opportunity to further develop and create an updated product line.</p> <p>This is not the first attempt to attract a strategic investor to Novomet. Previously, 100% of Novomet was going to be purchased by the American oilfield service company Halliburton, but, in early 2018, it withdrew its application from the FAS. At that time, Igor Artemyev, the head of FAS, suggested that Halliburton was waiting for a new wave of sanctions against Russia, and the Americans could just feel that, in this situation, they no longer needed anything of the kind. &ldquo;If we compare it with the deal with Halliburton, which was a strategic investor with a premium for 100% of Novomet, then the consortium with the participation of Saudi Aramco and RDIF acts more as a financial investor,&rdquo; an RBC source close to one of the parties to the deal said. Nevertheless, even having agreed to sell shares to this consortium, RUSNANO could earn more than RUB 3.5 billion from this investment.</p> <p>&ldquo;Baring Vostok is not planning to participate in the deal with Saudi Aramco and RDIF, but is considering the possibility of selling its stake in the company and is negotiating with potential buyers,&rdquo; the Investment Fund spokesman told RBC.</p> <p>Novomet has steadily grown in recent years and has had access to international markets (40% of revenue came from exports), so Saudi Aramco&rsquo;s interest in the company is clear, Khudalov notes. He believes that taking into account the growth of the order portfolio, the return on investment for new shareholders may be up to three years. About half of Novomet&rsquo;s revenue comes from abroad, mainly from the Americas, <strong>Danila Shaposhnikov</strong>, a partner at TerraVC Investment Company, confirms. Entering a new region (the Middle East) is within the logic of Novomet&rsquo;s development strategy: the company has been actively diversifying its business and launching new high-tech oilfield services.</p> Tue, 15 Oct 2019 12:00:00 +0300 Vestas-RUSNANO Wind Turbine Blade Factory to Export Products First Time Ever https://en.rusnano.com/press-centre/news/20200414-rusnano-vestas-wind-turbine-blade-factory-to-export-products-first-time-ever At the factory where Vestas Manufacturing Rus assembles wind turbine blades, a formal ceremony has been held to mark the dispatch of the first consignment of blades, which will be exported to Denmark. <h5>At the factory where Vestas Manufacturing Rus assembles wind turbine blades, a formal ceremony has been held to mark the dispatch of the first consignment of blades, which will be exported to Denmark.</h5> <p>The participants in the ceremony included <strong>Yury Borisov</strong>, Russian Deputy Prime Minister, <strong>Sergey Morozov</strong>, Governor of Ulyanovsk Region, <strong>Carsten S&oslash;ndergaard</strong>, Danish Ambassador to Russia, <strong>Anatoly Chubais</strong>, Chairman of the Executive Board of RUSNANO Management Company and <strong>Kimal Yusupov</strong>, Managing Director of Vestas Manufacturing Rus. Due to the challenges caused by the current epidemic, the event took place in the form of a video conference.</p> <p>A batch of 48&nbsp;blades was sent from the site of the Vestas Manufacturing Rus enterprise in Ulyanovsk to the customer in Denmark to build a new wind turbine park. This in the first time in the history of the country&rsquo;s national power plant engineering sector that one of the key components of wind turbines was manufactured in Russia and exported.</p> <p>A batch of turbine blades, each 62&nbsp;metres long and weighing 12.5&nbsp;tons, will be transported by road haulage from the factory to the port of Togliatti, and from there they will be shipped to Denmark on two vessels, and will reach the customer by the middle of May. The blades are designed for Vestas V126&nbsp;turbines, which have a capacity of 3.45&nbsp;MW, and they will enable the customer to construct 55&nbsp;MW of new wind energy generation capacity.</p> <p><strong>Yury Borisov</strong>, Russian Deputy Prime Minister: &ldquo;The first export of blades is an important event not only for the renewable energy sector, but also for our country&rsquo;s economy on the whole. The production of components for Vestas wind turbines has been localised not only in Ulyanovsk, but also in the Nizhny Novgorod and Rostov Regions. Similar projects should be replicated in other regions as well.&rdquo;</p> <p>The Russian government has supported and will continue to support the creation of new high-tech production facilities in this area. As part of the programmes to support renewable energy, more than 5&nbsp;GW of solar, wind and water power generation facilities will be built by 2024. Given the importance of developing renewable energy, as well as the need to strengthen industrial competencies and ensure the export of high-tech equipment and services to the industry in the future, the Russian government will continue to support this area after 2024.</p> <p><strong>Sergey Morozov</strong>, Governor of Ulyanovsk Region: &ldquo;Ulyanovsk Region is proud of the fact that it is the birthplace of the national wind energy industry. It was here that the first megawatt-level wind park was constructed, the domestic production of wind turbine blades was launched, and the first programme to prepare specialists to work in this new sector was set up at Ulyanovsk State Technical University.&rdquo;</p> <p><strong>Anatoly Chubais</strong>, Chairman of the Executive Board of RUSNANO Management Company: &ldquo;The Vestas,&nbsp;RUSNANO plant in Ulyanovsk, the first facility to produce wind turbine blades in Russia, has once again proved its status as a pioneer in the domestic wind energy industry. The export of this first consignment of Russian wind energy equipment demonstrates that we have performed in full all our obligations under the special investment contract. We are proud that Ulyanovsk blades will find application in Denmark, the motherland of the world wind power industry, which is currently the world leader in the industry.&rdquo;</p> <p>President of Vestas in Northern and Central Europe <strong>Nils de Baar</strong>: &ldquo;Vestas is pleased that, together with RUSNANO and the local industrial partners, we are meeting the export commitment of the Ulyanovsk plant in full, as stipulated in the special investment contract. The first export batch of 48&nbsp;blades is another important step for the Russian wind energy industry, and, no doubt, every employee of the plant takes credit for it.&rdquo;</p> <p>Winner of the Global Energy Prize 2018, Academician of the Russian Academy of Sciences <strong>Sergey Alekseenko</strong>: &ldquo;Wind energy has an important place in the world: in particular, its share in the European energy system is 13.4%, while in Denmark itself it already accounts for more than 40%. In Russia, according to various estimates, the potential for wind energy development may reach from 100&nbsp;to 150&nbsp;GW (mainly in the shelf zone). However, just <nobr>2&ndash;3</nobr> years ago it was hard to imagine that Russia would export wind energy products. One has to have great courage to take up the development of this industry in Central Russia, the way Ulyanovsk Region Governor Sergey Morozov did. Now the process is under way, and Vestas and RUSNANO are planning to increase their output to 300&nbsp;blades per year. In addition, the Ulyanovsk Region not only produces components for wind turbines, but also builds wind farms on its territory. The region can become an inspiring example for other parts of Russia showing how to create an innovative renewable energy industry.&rdquo;</p> <p><strong>Frede Blaabjerg</strong>, winner of the Global Energy Prize 2019, head of the Center of Reliable Power Electronics (CORPE) at Aalborg University (Denmark): &ldquo;I believe this event is an excellent result of the work done jointly by Denmark and Russia. It also shows that if we are going to meet the global challenge of switching to renewable energy, it will not be possible without close cooperation between the countries. The production of wind energy components in different countries will allow us to create new capacities around the world. Congratulations to Vestas, RUSNANO and the Ulyanovsk Region for this achievement!&rdquo;</p> <p>The Vestas Manufacturing Rus plant, which was launched in December 2018, is Russia&rsquo;s only producer of composite blades for wind turbines. The production facility is located in an aviation cluster in Ulyanovsk. The blades are designed for wind turbines with a capacity of 3.4&nbsp;to 4.2&nbsp;MW. It is planned that more than 250&nbsp;blades will be produced in 2020, and that this figure will increase to 300&nbsp;in 2021.</p> <p>The partners in the project are Vestas, RUSNANO and the Ulyanovsk Region Investor Consortium, which includes ULNANOTECH, Ulyanovsk nanocluster and Aquilon. More than RUB 2&nbsp;bln have been invested in the project and more than 400&nbsp;jobs have been created at the high-tech production facility.</p> <p>The unique production of wind turbine components was created under a special investment contract (SPIC) between Vestas Manufacturing Rus, the Russian Ministry of Industry and Trade and the Ulyanovsk Region. The SPIC, signed for 8&nbsp;years, became the first in the domestic power plant engineering industry. In exchange for the obligation on the part of the JV to create an industrial production that has no analogues in Russia, the mechanism guarantees the stability of tax and regulatory conditions for a successful technology transfer.</p> <p>The Danish company Vestas, a global leader in the production of wind turbines, is working with RUSNANO on the transfer of wind energy technology and developing its production capacity in Russia. The production of turbine blades in Ulyanovsk is one of the key stages in the wind energy equipment localisation in Russia (it contributes 18% towards the wind turbines&rsquo; localisation). Vestas was selected as the supplier of renewable energy equipment to the Wind Energy Development Fund (established on a parity basis by JSC RUSNANO and PJSC Fortum), which is engaged in projects for the construction of wind parks with a total capacity of more than 1,800&nbsp;MW by 2023.</p> Tue, 14 Apr 2020 12:00:00 +0300 OCSiAl Launches World’s Largest Production Facility of Graphene Nanotubes in Novosibirsk https://en.rusnano.com/press-centre/news/20200211-rusnano-ocsial-launches-worlds-largest-production-facility-of-graphene-nanotubes-in-novosibirsk <p>On 11 February, OCSiAl, RUSNANO&rsquo;s portfolio company, announced the launch of a new graphene nanotube synthesis unit with a production capacity of 50 tons per year in Novosibirsk Akademgorodok (Academic Town). The unit, currently the largest in the world, is called Graphetron 50. The launch of Graphetron 50 helped strengthen OCSiAl&rsquo;s leading position in the global market: the company&rsquo;s graphene nanotube production capacity now makes up for more than 90% of the world&rsquo;s .</p> <p>The announcement that OCSiAl&rsquo;s Graphetron 50 unit, which began operating in test mode in 2019, has reached its planned production capacity of 50 tons of graphene nanotubes per year came at its official opening, attended by the Governor of Novosibirsk Region, <strong>Andrey Travnikov</strong>, and Chairman of the Executive Board of RUSNANO MC LCC, <strong>Anatoly Chubais</strong>.</p> <div class="img"><img alt="OCSiAl Launches World’s Largest Production Facility of Graphene Nanotubes in Novosibirsk" src="/upload/images/news/2020-02-11_OCSiAl_Graphetron50_01.jpg" /> <p>On the photo (from left to right): Governor of Novosibirsk Region, Andrey Travnikov; Chairman of the Executive Board of RUSNANO MC LCC, Anatoly Chubais; and President of OCSiAl, Yuri Koropachinskiy</p></div> <p>&ldquo;Before our very eyes, a start-up from Novosibirsk Akademgorodok, which essentially began with one very ambitious idea: to create a completely new material of the future, has grown into a global market leader with its industrial-scale technologies for production of graphene nanotubes. And in 2019, it became the first and, for now, only &lsquo;unicorn&rsquo; in the material based sector in our country. Today, as the world&rsquo;s largest nanotube synthesis unit is being launched, I am proud of the entire project team led by Yuri Koropachinskiy and Mikhail Predtechenskiy, as well as of the fact that RUSNANO became the first external investor that believed in the future of this project, its leaders and the unique material they created,&rdquo; Chairman of the Executive Board of RUSNANO MC LCC, Anatoly Chubais, said.</p> <p>Currently, OCSiAl owns the world&rsquo;s only scalable technology for industrial synthesis of graphene nanotubes and is the world leader in terms of production capacity. The creator behind this unique technology is <strong>Mikhail Predtechenskiy</strong>, a Russian Physicist and Academician of the Russian Academy of Sciences.</p> <p>In 2015, OCSiAl synthesized its first commercial batch of graphene nanotubes&mdash;1.2 tons, which exceeded the entire volume of this material produced since its discovery in 1991. Construction of the second synthesis unit, Graphetron 50, began in Novosibirsk in 2016. The construction work was funded with the help of a concessional loan from the Industrial Development Fund. The total cost of the project was RUB 1.3 bln.</p> <p>Today, the first Graphetron 1.0 unit produces 25 tons per year, and Graphetron 50&mdash;50 tons. Currently, the total combined capacity of the two OCSiAl synthesis units is 75 tons of graphene nanotubes per year, which are sold on the global market under the TUBALL brand.</p> <div class="img"><img alt="TUBALL™ nanotubes" src="/upload/images/news/2020-02-11_OCSiAl_Graphetron50_02.jpg" /> <p>TUBALL&trade; nanotubes</p></div> <p>&ldquo;At the moment, OCSiAl&rsquo;s production capacity is 75 tons of graphene nanotubes per year. Growth in their consumption directly correlates to the evolution of electric transport. If we take into account official plans of the largest automobile manufacturers, lithium-ion batteries alone will require more than 250 tons of graphene nanotubes in 2025,&rdquo; President of OCSiAl, <strong>Yuri Koropachinskiy</strong> said.</p> <p>During the official opening of Graphetron 50, reporters were told about the company&rsquo;s current projects in Russia and abroad. The main markets for TUBALL&trade; nanotubes and their concentrates are in Asia and Europe. Together with its Russian partners, OCSiAl is developing novel uses of graphene nanotubes so that they can then be utilized worldwide. For example, antistatic composite floors, fiberglass pipes and reinforced asphalt concrete are some of the unique products developed and first used in Russia.</p> <p>&ldquo;Today&rsquo;s event would not have been possible without our joint collaboration with the academic community, scientists and the education system, or all the work to deal with the biggest challenge facing the current stage of scientific and technological development in Russia, i.e. that of transferring knowledge to businesses, and discoveries to industries. And the launch of the second unit for the synthesis of graphene nanotubes serves as a truly outstanding and successful example of solving this problem,&rdquo; <strong>Andrey Travnikov</strong> stated.</p> Tue, 11 Feb 2020 12:00:00 +0300 RUSNANO Group Opens Russian Flexible Electronics Centre https://en.rusnano.com/press-centre/news/20200310-rusnano-group-opens-russian-flexible-electronics-centre <p>The Russian Flexible Electronics Centre began operations in the town of Troitsk, in the federal city of Moscow. The plant was opened by Chairman of the Executive Board of RUSNANO <strong>Anatoly Chubais</strong> and Mayor of Moscow <strong>Sergey Sobyanin</strong>.</p> <div class="img"><img alt="RUSNANO Group opens Russian Flexible Electronics Centre" src="/upload/images/news/2020-03-10_RCGE_03.jpg" /> <p>From left to right: Chairman of the Executive Board of RUSNANO Anatoly Chubais, Mayor of Moscow Sergey Sobyanin, CEO of the TechnoSpark Group of Companies Denis Kovalevich</p></div> <p>The Russian Flexible Electronics Centre is a contract manufacturer of the TechnoSpark Group of Companies, which is part of the investment network of RUSNANO&rsquo;s Fund for Infrastructure and Educational Programs (FIEP). The facility carries out prototyping and small-scale production of key components for a wide spectrum of devices, such as TFT matrices (thin-film transistor matrices) for displays (of e-paper, LCD screens and OLED displays) and sensors (biometric sensors, X-ray detectors, etc.), as well as integrated circuits for RFID tags and sensors.</p> <p>&ldquo;Just a few years ago, there was an empty field here. And today, we are opening an ultra-modern production facility, the Russian Flexible Electronics Centre, here. The goods made at the plant will be used in dozens of different fields, ranging from home appliances to the most sophisticated medical equipment. The Government of Moscow has provided a subsidy for the purchase of equipment for this factory,&rdquo; said Mayor of Moscow <strong>Sergey Sobyanin</strong> at the opening.</p> <div class="img"><img alt="Aphograph of Sergey Sobyanin / RUSNANO Group opens Russian Flexible Electronics Centre" src="/upload/images/news/2020-03-10_RCGE_Sobyanin_avtograf.jpg" /> <p>Aphograph of Sergey Sobyanin</p></div> <p>The new production facility will make use of an industrially-proven organic transistor technology platform, developed by the company FlexEnable (UK), that allows electronics to be manufactured on a flexible plastic film. The transfer of technologies for production of flexible oxide-based (or IGZO, Indium Gallium Zink Oxide) TFTs and integrated circuits from R&amp;D centres of Imec (Belgium) and Holst Centre (the Netherlands) will be completed by the end of 2020.</p> <p>Once the production facility reaches its designed capacity, approximately 4,000 sqm of TFT matrices will be made here. In terms of their potential application, this is equivalent to 1.5 mln TFT matrices for small screens (digital price tags or smart cards), or 100,000 TFT matrices for tablet-sized displays, or 100,000 TFT matrices for palm-sized sensors for biometric authentication, or 100 mln plastic chips for RFID tags.</p> <p><img alt="RUSNANO Group opens Russian Flexible Electronics Centre" src="/upload/images/news/2020-03-10_RCGE_01_1200.jpg" /></p> <p>According to IDTechEx&rsquo;s research report &ldquo;Printed, Organic and Flexible Electronics 2020-2030: Forecasts, Technologies, Markets&rdquo;, &ldquo;the total market for printed, flexible and organic electronics will grow from $41.2 bln in 2020 to $74 bln in 2030&rdquo;.</p> <p>&ldquo;Flexible electronics is a global trend and a fast-growing market that, according to a study by international experts, will double over the next decade and will be worth more than $70 bln a year. Today, the world&rsquo;s leading nations in technology are developing their flexible electronics sectors. And thanks to RUSNANO Group&rsquo;s and Government of Moscow&rsquo;s joint project to create the Russian Flexible Electronics Centre, our country has now joined this club. Our goal is to develop Russia&rsquo;s technological, engineering and, as the next step, scientific competencies in this field and then integrate this sector into the global supply chain. We clearly see the emerging demand as some companies are already working with us. And we are confident that we will be able to create products not only for the Russian, but also for the global market,&rdquo; said <strong>Anatoly Chubais</strong>, Chairman of the Executive Board of RUSNANO Management Company, at the opening ceremony.</p> <div class="img"><img alt="Aphograph of Anatoly Chubais / RUSNANO Group opens Russian Flexible Electronics Centre" src="/upload/images/news/2020-03-10_RCGE_Chubais_avtograf.jpg" /> <p>Aphograph of Anatoly Chubais</p></div> <p>&ldquo;The Russian Flexible Electronics Centre is TechnoSpark&rsquo;s first startup to become a factory. Together with high-tech companies operating here, which produce solar roofs, logistics robots, medical equipment and 3D-printed endoprostheses, it is part of the production chain for the high technology market,&rdquo; added <strong>Denis Kovalevich</strong>, CEO of the TechnoSpark Group of Companies. According to him, the Russian Flexible Electronics Centre will initially function as a contract R&amp;D facility focusing on the widest range of possible applications for its products and working with foreign customers. Later, the Centre will specialize on more uncommon applications.</p> <p><img alt="RUSNANO Group opens Russian Flexible Electronics Centre" src="/upload/images/news/2020-03-10_RCGE_02.jpg" /></p> Tue, 10 Mar 2020 12:00:00 +0300 Visionix Ophthalmic Equipment Localized in Russia with the Participation of TechnoSpark Group https://en.rusnano.com/press-centre/news/20190905-visionix-ophthalmic-equipment-localized-in-russia-with-the-participation-of-technospark-group <p>Production and sale of ophthalmic equipment under the Visionix brand owned by the French-Israeli joint enterprise Luneau Technology Operations (LTO), has begun in Russia. The localization was carried out by Visionix Rus, a joint venture of LTO and TechnoSpark, a member of the investment network of the RUSNANO Group Fund for Infrastructure and Educational Programs.</p> <p style="text-align: center;"><img alt="Visionix diagnostic multifunctional device" src="/upload/images/news/2019-09-05_Visionix.jpg" /></p> <p>The registration certificate allowing to start selling localized equipment in Russia was obtained at Roszdravnadzor (Federal Service for Surveillance in Healthcare) for the diagnostic multifunctional autorefractometer (models VX 130+/ VX 120+/ VX 110/ VX 220/ VX 230). By the end of 2019, Visionix Rus plans to have registered the other Visionix branded devices: the VX75 slit lamp, the VX60 / VX55 phoropters and the VX22 display.</p> <p>The French-Israeli company LTO is one of the world&rsquo;s largest developers and manufacturers of ophthalmic and optical equipment. Visionix Rus is the brand name for autorefractometers, lensmeters, phoropters and other devices necessary to diagnose glaucoma, cataracts, corneal pathologies, for high-precision measurements of the eye optical properties and individual selection of lenses. For example, the VX130+ combines the functions of an autorefractor, pupillometer, corneal topographer, aberrometer, pachymeter and contactless tonometer. In terms of quality and functionality, Visionix devices compete with premium-level equipment of Japanese and German companies. The target market for these devices includes public and private clinics and optician shops that specialize in customized contact lens vision correction.</p> <p>Devices with such functionality had not been manufactured in Russia before. According to the DISCOVERY Research Group marketing agency, the volume of the Russian market of ophthalmic instruments and equipment (excluding parts and consumables) increased by 14.6% in value terms in 2017 and amounted to $82.9 mln (or 961,700 units in kind). At the same time, it is absolutely dominated by imported equipment. The Russian production in value terms amounted to 4.4%.</p> <p>In the middle of 2017, LTO jointly with TechnoSpark made a decision to establish a joint venture and launch a project in Russia to localize the Visionix ophthalmic equipment.</p> <p>&ldquo;Over the past two years, in a joint effort with our partner Medica, we have developed a localization scheme for the equipment, organized its production, trained Russian experts at the LTO enterprises, found manufacturers of Russian components, took part in several major ophthalmic and optical exhibitions and, finally, received registration certificates. Now we are ready to start the sales. Our equipment is perfect for clinics and opticians with increased foot traffic, as the time of standard examination is significantly reduced: from 7-10 minutes to 90 seconds, and the doctor has the opportunity to pay more attention to the patient,&rdquo; <strong>Ekaterina Khodunova</strong>, Director of Visionix Rus, said.</p> Thu, 5 Sep 2019 12:00:00 +0300 Pipe Heat Treatment Facility Launched as Part of Joint Project between TMK and RUSNANO https://en.rusnano.com/press-centre/news/20200130-rusnano-tmk-pipe-heat-treatment-facility-launched-as-part-of-joint-project <h5>Today, a new pipe heat treatment facility, created in partnership with RUSNANO, was put into operation by TMK (Pipe Metallurgical Company) at Pipe Rolling Shop #1 of the Seversky Pipe Plant (STZ).</h5> <p>The launch ceremony was attended by Governor of Sverdlovsk region <strong>Yevgeny Kuyvashev</strong>, Chairman of the Executive Board of RUSNANO MC LCC <strong>Anatoly Chubais</strong>, Chairman of the Board of Directors of TMK <strong>Dmitry Pumpyansky</strong>, CEO of TMK <strong>Igor Korytko</strong>, Deputy Head of the Federal Service for Supervision of Natural Resources <strong>Amirkhan Amirkhanov</strong>, Head of Metallurgy and Materials Department of the Ministry of Industry and Trade of the Russian Federation <strong>Pavel Servatinsky</strong>, as well as managers and employees of STZ.</p> <p style="text-align: center;"><img alt="Pipe Heat Treatment Facility Launched as Part of Joint Project between TMK and RUSNANO" src="/upload/images/news/2020-01-30_TMK_STZ_01_1200.jpg" /></p> <p>The capacity of the new facility is up to 300,000 tons of pipes per year. Pipes with a diameter of 168 to 370 mm and a wall thickness of 6.4 to 40 mm can undergo heat treatment there. Altogether approximately RUB 5.5 bln were invested in the project, and 110 new jobs were created. The pipe heat treatment facility is designed for the production of premium pipe products used for the development of fields with hard-to-recover reserves, as well as for drilling wells in harsh environments and in the Far North.</p> <p>The new production facility was established in partnership with RUSNANO as part of the agreement to modernize the Seversky Pipe Plant. Pipe performance characteristics are improved by the use of nanostructured- and micro-alloys, which increase the pipes&rsquo; strength, ductility and corrosion resistance by 15-20%.</p> <p style="text-align: center;"><img alt="Pipe Heat Treatment Facility Launched as Part of Joint Project between TMK and RUSNANO" src="/upload/images/news/2020-01-30_TMK_STZ_02_1200.JPG" /></p> <p>The facility&rsquo;s high-tech equipment allows the control over the heat treatment process to be automated. Waste treatment facilities equipped with a circulating water supply system allow 20 mln m3 of water to be reused annually. The water treatment equipment at the pipe heat treatment facility significantly reduces the plant&rsquo;s impact on the environment.</p> <p>&ldquo;The Seversky Pipe Plant, a veteran in the domestic metallurgical industry, is an outstanding example of the application of technological innovations in the industrial sector of the Russian economy. We are proud that in partnership with TMK, one of the world&rsquo;s leading pipe manufacturers, we have managed to produce unique pipe products with improved performance characteristics and solid export potential. This project has not only created added value for the pipe manufacturer, but has also opened up new opportunities for oil and gas companies,&rdquo; <strong>Anatoly Chubais</strong> said.</p> <p style="text-align: center;"><img alt="Pipe Heat Treatment Facility Launched as Part of Joint Project between TMK and RUSNANO" src="/upload/images/news/2020-01-30_TMK_STZ_03_1200.JPG" /></p> <p>&ldquo;TMK continues to improve and modernize its production facilities, consistently implementing digital solutions and advanced management techniques in line with the company&rsquo;s strategy of scientific and technological development. The new heat treatment facility allows us to expand the range of our premium products, providing oil and gas companies with pipes and threaded connections designed to work in the most severe geological and climatic conditions. We invest significant resources in the development of our enterprises, and the growth of their scientific and technological potential is not only aimed at meeting our consumers&rsquo; highest requirements, but also at launching new products and solutions that are ahead of these requirements on the market,&rdquo; <strong>Dmitry Pumpyansky</strong> said.</p> <p style="text-align: center;"><img alt="Pipe Heat Treatment Facility Launched as Part of Joint Project between TMK and RUSNANO" src="/upload/images/news/2020-01-30_TMK_STZ_04_1200.jpg" /></p> Thu, 30 Jan 2020 12:00:00 +0300 Nanocentres of RUSNANO FIEP Promptly Launch Mass Production of Face Shields for Protection against COVID-19 https://en.rusnano.com/press-centre/news/20200430-fiep-nanocentres-of-rusnano-fiep-promptly-launch-mass-production-of-face-shields-for-protection-against-covid-19 <div style="width: 128px; float: right; padding: 10px 15px; margin:-50px 0px 7px 0px; font-size: 16px; font-style: normal; color: #fff; background: linear-gradient(45deg, #CC2200 0%, #FF0000 100%); font-weight:400; border-radius: 5px;"><a href="https://fiop.site/rosnanovsvirus/" style="color:#fff; text-decoration:none;" target="_blank">#rusnanoVSvirus</a></div> <p>Nanocentres of the Fund for Infrastructure and Educational Programs (FIEP) of RUSNANO Group promptly launched mass production of face shield visors used for protection against COVID-19&mdash;over 30 thousand units per month. On April 29, RUSNANO Group donated a batch of 1000 visors to volunteers of the Zhivoy Foundation to be sent to medical institutions and ambulance stations of Moscow. Previously, 1,000 face shields were given to doctors in St. Petersburg and Leningrad Region, as well as 100 shields to the RAS Hospital in Troitsk (New Moscow) and to the city&rsquo;s housing and communal services employees.</p> <div class="img"><img alt="Face Shields for Protection against COVID-19" src="http://www.rusnano.com/upload/images/news/2020-04-30_TechnoSpark_Vizory_snippet.jpg" /> <p>RUSNANO Group donated a batch of 1000 visors to volunteers of the Zhivoy Foundation to be sent to medical institutions and ambulance stations of Moscow.</p></div> <p>&ldquo;This gift from RUSNANO is very important,&rdquo; said Viktoria Agadzhanova, Head of the Zhivoy Foundation. &ldquo;We will send about 20 shields per ambulance station and 60-80 per hospital; about 20-30 medical institutions in total. Since face shields are reusable, they can be washed, disinfected and reused, so we will cover the need for face shields in these hospitals through the end of the epidemic.&rdquo; According to Ms Agadzhanova, all medical institutions are in need of such protection: &ldquo;Now there are almost no doctors left who do not work with COVID-19, patients can be everywhere.&rdquo;</p> <p>FIEP Nanocentres network of RUSNANO Group responded to the urgent need for personal protective equipment for medical personnel working with COVID-19 patients, and organized the production of face shields at <a href="https://technospark.ru/en/" target="_blank">TechnoSpark Group</a> of Companies&rsquo; production sites in Moscow and the <a href="http://nwttc.ru/en/" target="_blank">North-West Technology Transfer Centre</a> (NWTTC) in Leningrad Region. Together they are producing more than 30,000 protective shields per month. The face shields provided to the Zhivoy Foundation in Moscow were developed and produced by <a href="http://www.tenfab.ru/en/" target="_blank">TEN fab</a> in TechnoSpark.</p> <p>Protective shields are designed for individual protection of eyes, respiratory tract and skin from direct contact with various small particles and viruses, to prevent involuntary contact with the face by hands. This noticeably reduces the possibility of contracting COVID-19. Visors are made of durable plastic, reusable, easy to disinfect, lightweight and convenient to use. They can be easily adjusted to the required head size. They can provide effective protection not only for doctors, but also for employees of other contact professions, such as salespeople and front-office operators of service sector working directly with customers, couriers, housing and communal services employees.</p> <p>In the course of charity events, protective shields are given to doctors free of charge. Other companies interested in improving safety of their employees and private individuals can place an order at <a href="http://protectface.ru." target="_blank">protectface.ru.</a></p> Thu, 30 Apr 2020 12:00:00 +0300 RUSNANO Launches New Technologies in First Quarter https://en.rusnano.com/press-centre/media/20200326-tass-rusnano-launches-new-technologies-in-first-quarter <h5>Since the beginning of January five new entities have started business with the participation of the state corporation in different regions of Russia.</h5> <p>But, among society in general, there is not much interest in development institutions. Is it really true that the results of their activities are not very evident? Or is the problem related to the specific prejudices of the observers, who are unable to distinguish between development institutions and operational companies? And yet, when they were established these development institutions were set targets relating primarily to the technological development of the economy and the achievement of social and economic benefits through investment, including an increase in tax revenue, the development of scientific research and experimental construction work, and the creation of high technology jobs. These objectives for the nanoindustry&rsquo;s development strategy were established 12 years ago. The effects of RUSNANO&rsquo;s activities in the area of innovation can be assessed in one glance, simply by looking at its results for the first quarter of 2020.</p> <h2>Real Nanopipes</h2> <div class="img"><img alt="Pipe heat treatment facility launched as part of joint project between TMK and RUSNANO" src="http://www.rusnano.com/upload/images/news/2020-01-30_TMK_STZ_02_1200.JPG" /> <p>Pipe heat treatment facility launched as part of joint project between TMK and RUSNANO</p></div> <p>It would be a serious mistake to assume that there is no place for innovation in the traditional sectors of the economy. The first new nanoproject in 2020 focuses on upgrading and increase of the competitiveness of one of Russia&rsquo;s leading metallurgy companies. On January 30, TMK, in partnership with RUSNANO, started operating a new pipe heat treatment facility at the Seversky Pipe Plant (STZ). With the help of advances in nanotechnology a new method for processing pipes has been developed, which involves treating them with a nanocompound, thereby increasing their strength, plasticity and resistance to corrosion by some 15&ndash;20%.</p> <p>Pipe products of this type are particularly important when developing inaccessible oil fields and drilling wells in hostile conditions in the Far-North.</p> <p>The new facility for heat-treating pipes with diameters between 168 mm and 370 mm has a production capacity of up to 300,000 tonnes a year. The total investment in the project to date is approximately RUB 5.5 bln, and 110 new jobs have been created.</p> <p>&ldquo;This project has not only created added value for the pipe manufacturer, but has also opened up new opportunities for oil and gas companies,&rdquo; said <strong>Anatoly Chubais</strong>, Chairman of RUSNANO Management Company&rsquo;s Executive Board.</p> <p>The heat treating process is carried out in compliance with environmental standards, and almost 20 mln cubic metres of waste water used in the technological process is cleaned before being reused.</p> <p></p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2020-03-25_TMK_STZ_Infografika_01.jpg" /></p> <h2>And Real Nanotubes</h2> <div class="img"><img alt="TUBALL™ nanotubes" src="http://www.rusnano.com/upload/images/news/2020-02-11_OCSiAl_Graphetron50_02.jpg" /> <p>TUBALL&trade; nanotubes</p></div> <p>On the other hand, the second project launch by a RUSNANO entity this year involves the latest cutting edge technology developed by a portfolio company. <a href="/portfolio/companies/ocsial" target="_self">The Novosibirsk start-up OCSiAl</a>, which last year gained the status of a &ldquo;unicorn&rdquo; announced on February 11 <a href="/press-centre/news/20200211-rusnano-ocsial-launches-worlds-largest-production-facility-of-graphene-nanotubes-in-novosibirsk" target="_self">that it had launched its new Graphetron 50 facility for the synthesis of graphene nanotubes</a>. As a result of this launch OCSiAI now accounts for 90% of the global production capacity of this unique additive which is able to improve the qualities of base materials.</p> <p>&ldquo;Before our very eyes, a startup from the Novosibirsk&rsquo;s Akademgorodok, which essentially began with one very ambitious idea&mdash;to create a completely new material of the future, has grown into a global market leader with industrial technologies for the production of graphene nanotubes,&rdquo; said <strong>Anatoly Chubais</strong>.</p> <p>OCSiAl produced its first batch of 1.2 tonnes of graphene nanotubes at its Graphetron 1.0 facility back in 2015. The construction of the Graphetron 50 facility in Novosibirsk began in 2016. The total cost of the project was RUB 1.3 bln. The first facility now produces 25 tonnes a year, and the second one produces 50 tonnes of nanotubes a year, which are sold on the international market under the brand TUBALL. Asia and Europe are the main markets for TUBALL nanotubes and nanotube-based compound materials.</p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2020-03-25_TMK_STZ_Infografika_02.jpg" /></p> <h2>The Turbines Are Gathering Speed</h2> <div class="img"><img alt="GTD 110M innovative high-power gas turbine engines" src="http://www.rusnano.com/upload/images/news/2019-12-09_GTD-110M.jpg" /> <p>GTD 110M innovative high-power gas turbine engines</p></div> <p>Russia&rsquo;s lack of its own high-power gas turbine engines for use in the energy industry has long been a weak link affecting all plans for the development of this sector. However, on February 7 it was announced that the first Russian-made GTD 110M innovative high-power gas turbine engines will be ready for production as early as this year. The testing of the equipment was completed successfully in autumn 2019, having been operated for more than 3000 hours in the production unit of the combined cycle power plant.</p> <p>The turbine project was developed by Gas Turbine Technologies IC LLC (founded by Inter RAO PJSC, RUSNANO and ODK JSC, represented by ODK) with financial support from the Russian Ministry of Trade and Industry. Once installed as part of a steam-gas generator, the turbines will operate with an efficiency index of 52%. This machine is now installed in the production unit of the Ivanovskie PGU (Combined Cycle Power Plant) and, jointly with other facilities, supplies electricity to the Unified Energy System (UES).</p> <p>From <nobr>2026&ndash;2028</nobr> the government plans to construct generation facilities with a total capacity of 2 GW, based on high-power Russian-made turbines. Although other power engineering companies also have plans to start manufacturing high-power gas turbines, GDT 110M is the only such project to be fully developed and tested in real operational conditions.</p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2020-03-25_TMK_STZ_Infografika_03.jpg" /></p> <h2>Harvesting the Sun&rsquo;s Energy</h2> <div class="img"><img alt="Burzyanskaya Photovoltaic Power Plant (PPP)" src="http://www.rusnano.com/upload/images/news/2020-02-26_Burzyanskaya_SES.jpg" /> <p>Burzyanskaya Photovoltaic Power Plant (PPP)</p></div> <p>RUSNANO&rsquo;s fourth launch this year is a good example of the cluster-based approach, in which investments are directed straight into a number of technologies that are central to a new sector. On February 26, in Buryatia, the power plant with the largest electrical storage units in Russia, <a href="/press-centre/news/20200226-rusnano-largest-ppp-with-energy-storage-facility-built-based-on-three-technologies">the Burzyanskaya Photovoltaic Power Plant (PPP), started supplying power to the electricity grid</a>. The project uses three technologies that were developed with support from RUSNANO.</p> <p><a href="/portfolio/companies/liotech">Liotech</a>, a RUSNANO portfolio company, supplied it with the highest-capacity energy storage units in existence (8 MWh). The equipment was supplied in cooperation with Energy Storage Systems (owned by the RUSNANO Group Fund for Infrastructure and Educational Programs), a developer of intellectual solutions based on lithium-ion cells. The investor in the PPP, which has a capacity of 10 MW, was the <a href="https:/www.hevelsolar.com/en/" target="_blank">Hevel Group</a>, a leader in the Russian solar energy sector and a manufacturer of solar panels, which was established with the participation of RUSNANO.</p> <p>The PPP&rsquo;s automated system selects the optimum operating regime by analysing a large number of parameters and then deciding when to store energy and when to feed it into the network.</p> <p>&ldquo;This technology makes it possible to guarantee an uninterruptible power supply based on green energy sources to distant regions of the country. I am convinced that, following the example set by the renewable energy sector, we will soon see the active expansion of the use of smart energy storage systems based on lithium-ion batteries in power grids and the railway and water transport sectors, to create an uninterruptible power supply for enterprises,&rdquo; says <strong>Anatoly Chubais</strong>.</p> <p>Liotech&rsquo;s energy storage cells are already being used in conjunction with Hevel&rsquo;s solar panels in remote areas of Zabaykalsky Krai and the Tyva Republic.</p> <p>The lithium-ion cells are also used in electric vehicles and uninterruptible power supply equipment. In Saint Petersburg, extended-range trolleybuses fitted with Liotech batteries have long been part of the public transport system.</p> <p>According to a joint report by RUSNANO and the Center for Strategic Research, the Russian segment of the energy storage systems market could reach $1.5-3 bln by 2025, with almost half of it in the energy sector.</p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2020-03-25_TMK_STZ_Infografika_04.jpg" /></p> <h2>Electric Wind</h2> <div class="img"><img alt="Wind Power Plant" src="http://www.rusnano.com/upload/images/news/2019-01-14_UBES2_snippet.png" /> <p>Wind Power Plant</p></div> <p>RUSNANO has launched another project in the growing renewable energy sector, in which it is involved in both the localization of new equipment and the creation of generating capacity. Om March 1, the Sulinskaya Wind Power Plant in Rostov Region started supplying electricity and electrical capacity on the Russian wholesale market. This was an important milestone in the implementation by the <a href="/portfolio/investment-funds/wedif">Wind Energy Development Fund</a> (a joint investment fund founded by Fortum OJSC and RUSNANO, on a parity basis) of a major investment programme, which will involve the construction of three wind farms with a total capacity of 300 MW in Rostov Region.</p> <p>A total of 78 Vestas wind turbines, each with a capacity of 3.8 MW, will be installed in the Kamenskaya, Sulinskaya and Gukovskaya WPPs. The wind farms will start to supply electricity on the electricity and electrical capacity wholesale market (EECWM) in the first half of 2020.</p> <p>The Wind Energy Development Fund won the right to build almost 2 GW of wind energy capacity in a tender for investment projects involving the construction of power generating facilities based on renewable energy sources. The wind farms should be put into operation from 2019&ndash;2023. The first joint project to be completed by the partnership was the Ulyanovskaya WPP-2, with a capacity of 50 MW. That wind farm started to supply electricity on the electricity and electrical capacity wholesale market in January 2019.</p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2020-03-25_TMK_STZ_Infografika_05.jpg" /></p> <h2>Bendy Microchips</h2> <div class="img"><img alt="The Russian Flexible Electronics Centre (RFEC)" src="http://www.rusnano.com/upload/images/news/2020-03-10_RCGE_01_1200.jpg" /> <p>The Russian Flexible Electronics Centre (RFEC)</p></div> <p>Beyond a doubt, RUSNANO&rsquo;s most visionary launch in the first quarter took place on March 10: <a href="/press-centre/news/20200310-rusnano-group-opens-russian-flexible-electronics-centre">he opening of the Russian Flexible Electronics Centre (RFEC)</a> based in the <a href="https://technospark.ru/en/" target="_blank">TechnoSpark</a> nanotechnology centre in Troitsk, Moscow. The RFEC will be engaged in the development and small-scale production of flexible components for a variety of electronic devices. This will enable startups to gain expertise in the technologies used in the manufacture of new types of devices fairly inexpensively, and it will also help Russia find its niche in this still developing technology sector at an early stage.</p> <p>&ldquo;Flexible electronics is a global trend and a rapidly growing market which, according to research by international experts, will double, reaching over $70 bln a year in the next decade. Thanks to RUSNANO Group&rsquo;s and Government of Moscow&rsquo;s joint project to create the Russian Flexible Electronics Centre, our country has now joined this club,&rdquo; said <strong>Anatoly Chubais</strong>.</p> <p>The facility carries out prototyping and small-scale production of key components for a wide variety of devices, such as TFT (thin-film transistor) matrices for displays (e-paper, LCD screens and OLED displays) and sensors (biometric sensors, X-ray detectors, etc.), as well as integrated circuits for radio-frequency identification tags and sensors.</p> <p>The RFEC plans to start production operations in two key areas of technology simultaneously. The first of these is already available to customers&mdash;flexible organic TFT matrices on a plastic substrate, a technology developed by the British FlexEnable laboratory. The transfer of the technologies used in the production of flexible oxide-based (or IGZO, Indium Gallium Zink Oxide) TFT matrices and integrated circuits from two R&amp;D centres, IMEC, in Belgium, and the Holst Centre, in the Netherlands, will be completed by the end of 2020.</p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2020-03-25_TMK_STZ_Infografika_06.jpg" /></p> <h2>Wave the Blade</h2> <div class="img"><img alt="" src="http://www.rusnano.com/upload/images/news/2020-02-05_Vestas_150ya_lopast_01.jpg" /> <p>Sergey Morozov, Governor of Ulyanovsk Region (right) signs the anniversary blade in the presence of Makhmud Burikhanov, RUSNANO&rsquo;s Managing Director for Investment Management (centre) and Kimal Yusupov, General Director of Vestas Russia.</p></div> <p>It is impossible not to mention another event in which RUSNANO participated in the first quarter of this year, and which demonstrates the level of demand for the industrial production which has already been launched. On February 5, at the manufacturing site of the portfolio company <a href="/portfolio/companies/vestas">Vestas Manufacturing Rus</a> RUSNANO officially marked the manufacture of the 150th wind turbine blade.</p> <p>These huge blades, each 62 metres long, are manufactured in Ulyanovsk from composite materials, using the vacuum infusion process, a technology which has been transferred to Russia by the Danish company Vestas, the global leader in wind turbine manufacture.</p> <p>&ldquo;We launched serial production in our first year of operations. I am confident that this year we will be able to manufacture more than 250 units, which will enable us to meet the growing demand in the Russian wind energy sector,&rdquo; said <strong>Kimal Yusupov</strong>, General Director of Vestas Russia.</p> <p>ПThe factory where the blades are manufactured was constructed on the territory of the Ulyanovsk Aviation Plant, and now has more than 380 staff. The blades are designed for wind turbines with a capacity of between 3.6 and 4.2 MW. It is planned that by 2021 the enterprise will be producing 500 wind turbine blades a year.</p> <p>The partners in the project are Vestas, RUSNANO and a consortium of investors from Ulyanovsk Region, which includes ULNANOTECH, the Ulyanovsk nanocluster. More than RUB 2 bln has been invested in the project.</p> <p style="text-align: center;"><img alt="" src="/upload/images/news/2020-03-25_TMK_STZ_Infografika_06.jpg" /></p> <h2>A Material Basis for Innovation</h2> <p>What do the various technologies launched by RUSNANO have in common? These manufacturing operations are concentrated in promising areas of industry which, according to forecasts, will become a new sector in the global market in the next ten years.</p> <p>It is clear that, in the foreseeable future, the development of selected technological sectors will be funded by private investors, but the function of the state development institution is to create a capital-intensive and complex material foundation in those industries which startups lack the resources to develop. Investment support from RUSNANO makes it possible to scale up technologies developed by innovative businesses, where the level of risk is too high for major companies but there is nevertheless a realistic chance that the technology will be in line with future trends in the global market. Thus, by the end of 2019, 115 businesses established with the participation of the nanotechnology company were in operation in 38 regions of Russia.</p> Thu, 26 Mar 2020 12:00:00 +0300 TestGene Receives European CE Certificate for COVID-19 Detection Tests https://en.rusnano.com/press-centre/news/20200521-fiep-testgene-receives-european-ce-certificate-for-covid-19-detection-tests <div style="width: 128px; float: right; padding: 10px 15px; margin:-50px 0px 7px 0px; font-size: 16px; font-style: normal; color: #fff; background: linear-gradient(45deg, #CC2200 0%, #FF0000 100%); font-weight:400; border-radius: 5px;"><a href="https://fiop.site/rosnanovsvirus/" style="color:#fff; text-decoration:none;" target="_blank">#rusnanoVSvirus</a></div> <p>On May 20, 2020 <a href="https://testgen.ru/en/index.html" target="_blank">TestGene</a> received the European CE Certificate for a genetic test designed to detect the SARS-CoV-2 RNA of COVID-19 at the earliest stages. TestGene operates at the <a href="http://www.ulnanotech.com/en" target="_blank">ULNANOTECH</a> Ulyanovsk nanocenter included in the investment network of the RUSNANO Group Fund for Infrastructure and Educational Programs.</p> <p><img alt="СЕ_ТестГена" src="http://www.rusnano.com/upload/images/news/20200521_CE_testgen1.jpg" /></p> <p>The certificate confirms that the company&rsquo;s medical device meets the requirements of the European Union. The document is valid throughout the European Union and allows for the unrestricted distribution of products. According to <strong>Andrey Toropovsky</strong>, CEO of TestGene, the CE Certificate is another confirmation of the high quality of medical products manufactured by the company. &ldquo;The new test system has a good export potential. To date, we have already requests from Ireland, Sweden, Germany, the Czech Republic, and the Netherlands,&rdquo; the CEO believes.</p> <p>On May 15 this year, TestGene received a registration certificate of the Federal Service for Surveillance in Healthcare (Roszdravnadzor) for its COVID-19 test systems and immediately started its mass production. &ldquo;Our production capacities allow us to produce up to 50,000 tests per day, and up to two million per month in the future. I&rsquo;m sure that the company will make a worthy contribution to the fight against the pandemic by offering the world community, along with existing analogues, a high-quality and high-precision diagnostic kit,&rdquo; Andrey Toropovsky stressed.</p> <p>The test allows for determining the presence of coronavirus in a sample taken from the nasal or oropharyngeal mucosa with an accuracy of more than 96% at the early stages of infection. The CoV-2 Test is based on the real-time reverse transcription polymerase chain reaction (RT-PCR) method, which the World Health Organization recommends as the most accurate and reliable way to diagnose viral infection. Testing can be performed in standard PCR laboratories.</p> <p>&ldquo;TestGene has one of the strongest teams in the country in the field of molecular genetics,&rdquo; said <strong>Anatoly Chubais</strong>, Chairman of the Executive Board of RUSNANO Management Company. &ldquo;Their new test will help fulfill the instruction of the Russian President Vladimir Putin to increase the scale of testing for coronavirus infection as the restrictions are gradually being removed. Mass testing will long remain a common practice for all large production facilities, a part of our daily life.&rdquo;</p> <p>To recap, TestGene already has European CE Certificates for test systems for diagnosing the gender of a child from the blood of a pregnant woman and for early diagnosis of prostate cancer. These and other diagnostic kits have been supplied to countries of the near and far abroad for several years.</p> Thu, 21 May 2020 12:00:00 +0300 RUSNANO Increases Bond Program by RUB 50 BLN https://en.rusnano.com/press-centre/news/20200220-rusnano-increases-bond-program-by-50-bln-rubles <p>On February 14, the Board of Directors of JSC RUSNANO confirmed their decision to increase the Series 002P bond program from RUB 20 to 70 bln. The final maturity date of these bonds is 10 years. The higher bond program will not affect JSC RUSNANO&rsquo;s debt levels.</p> <p>The company only plans to issue the bonds in favorable market conditions in order to refinance its current loans and to reduce the rate of interest on the debt portfolio. RUSNANO expects to sell most of the additional bonds in 2020 to a wide range of investors, the first sale is scheduled for Q1 2020. The terms of the bond offering and its size will depend on when the bonds are issued.</p> <p><strong>Artur Galstyan</strong>, RUSNANO Managing Company&rsquo;s Chief Financial Officer, said:&nbsp;&ldquo;Last year, we witnessed that investors showed a good appetite for JSC RUSNANO&rsquo;s unsecured bonds. In fact, we managed to sell almost all the bonds we had planned to issue. Owing to the company&rsquo;s high credit rating and the ongoing trend towards lower interest rates, we see an opportunity here to refinance our loans with particularly high interest rates and to, therefore, reduce the weighted average interest rate on our debt. If the additional bonds are successfully issued, we expect to save up to RUB 1.5 bln a year from managing our debt more effectively.&rdquo;</p> <p>Initially, the Board of Directors of JSC RUSNANO approved a bond program of RUB&nbsp;20 bln in March 2019. As part of this plan, there were 3 bond offerings amounting to RUB 18 bln in total on the Moscow Exchange. The successful primary securities issuance meant higher secondary market liquidity for the company&rsquo;s bonds. In fact, in October 2019, JSC RUSNANO sold RUB 12 bln worth of bonds (with a final maturity date of 3 years) at a record low yield of 7.7%, and the number of applications to purchase the bonds exceeded the quantity of bonds first issued five-fold. For this particular issue, the secondary market has seen a stable, high turnover ratio for the bonds.</p> Thu, 20 Feb 2020 12:00:00 +0300 RUSNANO’s Portfolio Company Liotech Consolidates its Position in Uninterruptible Power Supply Market https://en.rusnano.com/press-centre/news/20200220-rusnano-liotech-consolidates-its-position-in-uninterruptible-power-supply-market <h5>Novosibirsk-based manufacturer of lithium-ion batteries has simultaneously completed several projects to supply uninterruptible power supply (UPS) systems. In a number of instances, outdated lead-acid batteries were replaced with more modern lithium-ion ones. The combined energy capacity of accumulators that the company supplied to this segment of the market exceeded 1 MWh.</h5> <p>Recently completed projects include the delivery of uninterruptible power supply systems to Principal Plaza (with a combined capacity of 240 KWh) and to Polymetal International Plc&nbsp;(with a 120 Kwh capacity). In addition, at the end of 2019, <a href="https://www.rusnano.com/projects/portfolio/liotech">Liotech</a> won the tender to supply PJSC Sberbank with UPS systems that use lithium ion battery technologies.</p> <p style="text-align: center;"><img alt="Liotech Consolidates its Position in Uninterruptible Power Supply Market" src="/upload/images/news/2020-02-20_ROSNANO_Liotech-ukreplyaet-pozicii.jpg" /></p> <p>Earlier, Liotech had installed an uninterruptible power supply system at the Belorussky railway terminal in Moscow. At the moment, the possibility of utilizing these systems more broadly in Russia&rsquo;s other railway terminals and stations is being considered.</p> <p>In a number of aforementioned projects, Liotech partnered with Delta Electronics, Inc., one of the world&#39;s leading suppliers of uninterruptible power supply units for domestic, office and industrial use. Delta Electronics&rsquo; clients include companies involved in manufacturing of semiconductors, optoelectronic devices, power supplies, petroleum derivatives, as well as financial institutions and telecommunication companies.</p> <p>In the entire global uninterruptible power supply sector, there is a push to switch from lead-acid batteries to lithium-ion ones, which have a number of advantages over their outdated equivalents that include a longer operating life, smaller weight and size of the batteries, and lower maintenance costs and advanced monitoring possibilities associated with their use. Lithium-ion batteries are also less sensitive to temperature fluctuations than their lead-acid counterparts.</p> <p>The effective capacity of the former is 2 to 3 times greater than that of the latter, and their energy density is 2 to 5 fold higher. This allows for a more efficient use of space, which is extremely important when putting together systems designed to have high energy capacities.</p> <p>In fact, the size of the market for lithium-ion based uninterruptible power supply systems for all types of uses in Russia may be worth RUR 12 bln by 2025.</p> Thu, 20 Feb 2020 12:00:00 +0300 Belgorod Patients Can Get Thrombodynamics Test Under Compulsory Medical Insurance Policy https://en.rusnano.com/press-centre/news/20200319-rusnano-belgorod-patients-can-get-thrombodynamics-test-under-compulsory-medical-insurance-policy <p><strong>HemaCore</strong>, a RUSNANO Portfolio company, and the St. Joasaph Belgorod Regional Clinical Hospital (OGBUZ) will conduct a pilot project on the use of the Thrombodynamics method. The innovative study of blood coagulation system will be available to citizens in the departments of the medical institution free of charge, with a doctor&rsquo;s referral and upon presentation of the compulsory medical insurance policy. The costs of the test under the pilot project will be shared by HemaCore and the clinic.</p> <p>Belgorod doctors will be able to use the <a href="/portfolio/companies/hemacore" target="_self">thrombodynamics test</a> to assess the state of the haemostasis system in patients with oncohaematological diseases after major surgery, as well as in patients with complicated obstetric history. In addition, the indications for thrombodynamics tests will include other pathologies with a high percentage of thrombotic and haemorrhagic complications at the discretion of the doctors at the medical institution.</p> <p style="text-align: center;"><img alt="" src="http://www.rusnano.com/upload/images/portfolio/Hemacore.png" /></p> <p>As part of the pilot project, HemaCore will install equipment at the St. Joasaph Clinical Hospital, supply the necessary consumables, and train the laboratory staff to perform the thrombodynamics test. Following the results of the pilot project, the parties will determine the quantitative need for the diagnostic service and develop a programme to introduce the test into the healthcare system of the Belgorod Region as early as 2021.</p> <p>CEO of HemaCore <strong>Ilya Spiridonov</strong>:&nbsp;&ldquo;The doctors at the St. Joasaph Hospital are great enthusiasts of their work. We are very pleased with the opportunity to work with them and are confident that the cooperation will benefit both parties and, most importantly, the people of Belgorod. The Belgorod Region has been another region in Russia and the first in the Central Federal District where our original method of blood coagulation system diagnostics will be available to patients free of charge under the state healthcare system. We expect that the introduction of the thrombodynamics method into the practice of the leading medical institution in the region will improve the quality of monitoring and treatment of patients with blood clotting disorders and prevent possible complications.&rdquo;</p> <p>RUSNANO portfolio company HemaCore manufactures and implements innovative diagnostic systems for the study of haemostasis. The Thrombodynamics method expands the possibility of assessing the risks of thrombosis, which is the basic mechanism of the three leading cardiovascular disasters: heart attack, stroke and venous thromboembolism. Based on the results of the test, the doctor can assess the adequacy and adjust the previously prescribed therapy and thus prevent life-threatening complications: bleeding and thrombosis.</p> <p>This original design is based on many years of fundamental work on the study of blood clotting mechanisms. The thrombodynamics test is available in more than 130 clinics in Russia; since 2012, more than 250 thousand tests have been conducted.</p> <p></p> Thu, 19 Mar 2020 12:00:00 +0300 Mitotech and Essex Bio-Technology Announce Enrollment in VISTA-2 - a Pivotal Phase 3 Clinical Study of SkQ1 for Dry Eye Disease https://en.rusnano.com/press-centre/news/20191219-mitotech-essex-bio-technology-announce-enrollment-in-vista-2 <p>Mitotech S.A., a Luxembourg-based clinical-stage biotechnology company developing novel pharmaceuticals targeting mitochondria, announced enrollment of first patients in its U.S. Phase 3 study VISTA-2 building on positive results of VISTA-1 clinical study (a U.S. Phase 2b/3 study) of SkQ1 compound in patients with moderate to severe Dry Eye Disease (DED). SkQ1 belongs to the class of cardiolipin peroxidation inhibitors that Mitotech is developing for treatment of a spectrum of age-related disorders, including DED.</p> <p>&ldquo;In a rare case for Dry Eye Disease data that came out of VISTA-1 delivered a clear message&rdquo;, said <strong>Natalia Perekhvatova</strong>, Chief Executive Officer of Mitotech S.A. &ldquo;VISTA-1 results revealed early onset of action of SkQ1 for a spectrum of clinically relevant symptoms and signs such as Ocular Discomfort and Fluorescein Staining. Combined with excellent drug tolerability profile this positions SkQ1 as an important potential treatment option for Dry Eye Disease patients worldwide.&rdquo;</p> <p>VISTA-1 was a multi-center, randomized, double-blind, placebo-controlled clinical study involving three treatment arms: two concentrations of SkQ1 and vehicle, administered BID. Approximately 450 patients were enrolled in the study across multiple centers in the U.S. and received treatment over a 2-month period. Nominal co-primary endpoints of the study (fluorescein staining in central corneal zone and grittiness) were not met, but multiple predetermined secondary endpoints demonstrated broad action of SkQ1 in the intent to treat (ITT) population. Relative to the vehicle (an artificial tear) SkQ1 demonstrated statistically significant reduction of Ocular Discomfort (p&lt;0.05) as early as after 4 weeks of treatment with multiple symptoms in 4-Symptom Questionnaire also demonstrating statistically significant reduction (p&lt;0.05), all in ITT population. A global clinical sign - conjunctival fluorescein staining - demonstrated statistically significant improvement vs. vehicle (p&lt;0.05), also in ITT population. At the same time the study highlighted excellent safety profile of the drug with tolerability being statistically similar to that of an artificial tear.</p> <p>&ldquo;We are very encouraged by the positive outcome in VISTA-1, supporting our decision to proceed with VISTA-2,&rdquo; said <strong>Malcolm Ngiam</strong>, President of Essex Bio-Investment Limited, &ldquo;We are excited to be able to continue our collaboration with Mitotech S.A. and to move one step closer to making SkQ1 available for the world-wide DED market.&rdquo;</p> <p>VISTA-2 is a multi-center, randomized, double-blind, placebo-controlled clinical study, similar in its design to VISTA-1, but involving two treatment arms (SkQ1 solution and vehicle) with twice as many (300) patients per arm.</p> Thu, 19 Dec 2019 12:00:00 +0300 Scale of Nanotechnology Industry: What RUSNANO’s Investments Brought to Russian Economy https://en.rusnano.com/press-centre/media/20200514-tass-scale-of-nanotechnology-industry <h5>RUSNANO finished 2019 not only with positive results in its investment portfolio, but also with a set of specific projects in the highly demanded areas, from renewable power generation to medicine</h5> <div class="img"><img alt="" src="http://www.rusnano.com/upload/images/news/20200514-tass-masshtabyi-nanoindustr.jpg" /></div> <h2>Trillion Sales Technologies</h2> <p>Last year, RUSNANO portfolio companies achieved an 11% increase in their sales of nanotechnology industry products&mdash;to RUB 445.4 bln compared to 2018. It should be noted that while RUSNANO, as one of the leading institutions for Russia&rsquo;s development, is building the domestic nanotechnology industry, the accumulated sales of portfolio companies have reached a colossal amount of RUB 2.27 trln, and exports of these innovative companies have exceeded 353 bln RUB. In 2019, exports increased by 8.1%, to RUB 78.12 bln, compared to the previous year.</p> <p>&ldquo;We believe that in the next ten years, the Russian nanotechnology industry will become one of the top three among the high-tech industries in terms of export volumes,&rdquo; <strong>Anatoly Chubais</strong> predicted back in 2017. As of today, if we take into account the manufacturers of nanoproducts independent of RUSNANO, the volume of Russian nanotechnology industry exports reached RUB 541 bln in 2019 alone.</p> <p>According to RUSNANO&rsquo;s development strategy, one of the key performance indicators is the faster growth rate of nano-revenue of invested companies compared to the dynamics of industrial production in the country. At the end of 2019, the growth of nano-revenue exceeded the dynamics of industrial production by 8.1 percentage points, which is 110.5% against 102.4%, according to Rosstat.</p> <p>At the end of 2019, the growth rate of exports of portfolio companies exceeded the growth rate of exports of the Russian Federation (excluding the oil and gas sector) by 4.4 percentage points. This was achieved, among other things, due to RUSNANO&rsquo;s systematic work on industry development. Today, the projects supported by the state company contribute to the solution of government tasks in the field of technological development.</p> <p>&ldquo;Dozens of RUSNANO&rsquo;s portfolio companies are somehow involved in a wide range of national projects. Today, for example, RUSNANO is a leader in the Russian renewable power generation sector. And this is a direct contribution to the implementation of the national environmental project. In this regard, it should be noted once again that our activities directly, not indirectly or via some tricky methods, influence a significant part of national projects,&rdquo; <strong>Anatoly Chubais </strong>says.</p> <div class="img"><img alt="" src="http://www.rusnano.com/upload/images/news/20200514-tass-masshtabyi-nanoindustr_02.jpg" /> <p>UEC-Saturn PJSC</p></div> <p>What is the impact of the establishment of RUSNANO on the budget? Tax liabilities made by the portfolio companies exceeded RUB 152 bln as of the end of 2019, and in 2018 recouped the government&rsquo;s contribution to the establishment of RUSNANO in the amount of RUB 130 bln. Last year alone, nanotechnology companies paid RUB 20 bln in taxes.</p> <p>&ldquo;Almost all expenses of the government for the establishment of RUSNANO were reimbursed in the form of taxes. The goal we were established for, our mission have been fully accomplished and will be pursued in the future,&rdquo; the head of the company stated.</p> <div class="iframe-box"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" src="https://www.youtube.com/embed/t_p99IA1vsM "></iframe></div> <h2>Geography of New Production Facilities</h2> <p>One of the questions RUSNANO is often asked is: &ldquo;Where can we see the real results for the economy, as statistics can be misleading?&rdquo;</p> <p>The answer to this question is very simple&mdash;the result can be seen in the establishment of new high-tech plants and enterprises. In 2019 alone, the number of launches in Russia under investment projects with RUSNANO&rsquo;s participation increased by 18. In total, there are already 115 enterprises and R&amp;D centres opened due to the nanotechnology company. Together with 13 nanocentres of the Fund for Infrastructure and Educational Programs, they cover 37 regions of the country.</p> <p>Another indicator is the number of workplaces created. By the end of the last year their number in portfolio companies exceeded 40,000. Approximately 1,400 specialists are engaged in research and development activities. RUSNANO companies&rsquo; total expenditures on research and development (R&amp;D) have exceeded RUB 46.9 bln over the whole period.</p> <h2>Innovation Machine</h2> <p>As is well known, RUSNANO selects promising projects and technologies and invests in companies at the stage of production creation or scaling-up. Since 2007, such investments have accumulated RUB 202.5 bln in a wide range of high-tech areas &ndash; from the production of materials with unique properties to the creation of new areas in medicine and energy.</p> <p>RUSNANO makes a profit from its successful projects by investing in the establishment of new companies. By the end of 2019, there were 54 exits from the historical portfolio projects with an average IRR of 15.5% (compared to fair value in 2013, when portfolio management was transferred to RUSNANO Management Company). By the beginning of 2020, total revenues from the investment portfolio amounted to RUB 90.8 bln, which, together with the fair value of the current portfolio, exceed investments by RUB 14.1 bln. In other words, as of today, the result from investments is positive.</p> <h2>Arrival of Private Investors</h2> <p>Since 2014, RUSNANO has moved from direct investments in promising projects to the classic fund of funds model, i.e. investments began to come only from funds created together with industry partners in the private sector. Since then, the effectiveness of RUSNANO has also been measured by how many third-party funds have been raised for the development of the industry. By early 2020, nine new funds managed jointly by RUSNANO Management Company raised RUB 80 bln from third-party investors. In 2019 alone, external investors invested RUB 26.1 bln in two new funds. New funds with RUSNANO&rsquo;s participation have already invested about RUB 43 bln in portfolio companies. The funds are focused on different sectors of the economy &ndash; renewable power generation, chemistry, and digital solutions.</p> <p>&ldquo;Venture business is about risks. You need to build a business in this area in such a way that you can hedge it. There is a simple idea about that. It is called a portfolio. What is a venture fund? It is a portfolio. And it is definitely not one, not three, not five, but 10-15, or even more projects. What are they for? Let us take the sails on the mast of the ship as an example. The ship got into a storm, some of sails were torn up, and some remained intact, so the ship reached the shore. You can fail many times, but it is important for the portfolio to bring a positive result in the end,&rdquo; <strong>Anatoly Chubais</strong> explains.</p> <h2>Network of Infrastructure Centres</h2> <p>Without innovative infrastructure, no advanced production can be created or developed. The Fund for Infrastructure and Educational Programs (FIEP) of RUSNANO Group is responsible for creating the institutional conditions for the implementation of high-tech solutions.</p> <p>The Fund&rsquo;s area of responsibility includes nanocentres for technological start-ups, personnel training programmes, advanced regulatory documentation, demand stimulation and information support.</p> <p>The Fund has formed a network of 13 nanotechnology centres in different regions of Russia. Every year, dozens of start-ups appear in them in the material based and hardware industries, and their total number has already reached 811. Investments in the network exceeded RUB 13.4 bln, 2.9 bln of which in 2019. Revenue from infrastructure projects over the past 12 months have increased by 70%, to RUB 9.4 bln, compared to 2018.</p> <p>In 2019, five companies of the FIEP investment network were included in the V national rating of the most efficient technoparks, which is compiled annually by the Association of Clusters and Technoparks of Russia. For the fourth consecutive year, the first place in the rating of technoparks in terms of the efficiency of operation and attractiveness of sites for high-tech companies is taken by TechnoSpark Group (Troitsk, New Moscow).</p> <p>&ldquo;The unique competence of TechnoSpark is the ability to build new technology companies from scratch &ndash; from a start-up business hypothesis to a commercially sustainable business. Our companies are continuously investing in the development of new technologies. Only in this case do they have a chance to take their market share or even form a new segment. This is what attracts investors to us, so in 2019 we started opening our technology companies for them,&rdquo; says <strong>Denis Kovalevich</strong>, CEO and shareholder of TechnoSpark Group of Companies.</p> <h2>Support of Innovations</h2> <p>The Fund develops personnel training programmes for high-tech industries. By the end of 2019, more than 94,000 specialists, teachers and students had been trained under 199 programmes. About 200 companies from 40 regions initiated the programmes. More than 75 higher education institutions took part in the development. 70 professional standards for promising engineering professions have been approved.</p> <p>The Fund is improving the system of technical regulations and standards to remove barriers to innovations. The Innovation Certification project involves 17 regions of Russia. 680 documents on compliance of quality, safety, eco-friendly and innovative products, technologies, facilities and enterprise management systems were issued, 76 of them in 2019. 255 national and interstate standards for nanoproducts have been developed, including 15 in the last year. 66 certificates for eco-friendly products and 12 reports confirming the reduction of the carbon footprint were issued.</p> <div class="img"><img alt="" src="http://www.rusnano.com/upload/images/news/20200514-tass-masshtabyi-nanoindustr_03.jpg" /> <p>Press Service of PAO Fortum</p></div> <p>The FIEP initiates an increase in demand for innovative products in key industries. The total volume of their application during the capital repair of apartment buildings in 2019 amounted to over RUB 4.5 bln. The project documentation for Gazprom&rsquo;s investment projects includes 22 nanotechnology solutions. 19 technologies are applied at the facilities of the Transneft system.</p> <p>As part of the International Cooperation and Export national project, the Fund supported 17 companies manufacturing high-tech products.</p> Thu, 14 May 2020 12:00:00 +0300 RUSNANO Group Funds Study of Blood Coagulation System in Patients with COVID-19 https://en.rusnano.com/press-centre/news/20200514-rusnano-group-funds-study-of-blood-coagulation-system-in-patients-with-covid-19 <div style="width: 128px; float: right; padding: 10px 15px; margin:-50px 0px 7px 0px; font-size: 16px; font-style: normal; color: #fff; background: linear-gradient(45deg, #CC2200 0%, #FF0000 100%); font-weight:400; border-radius: 5px;"><a href="https://fiop.site/rosnanovsvirus/" style="color:#fff; text-decoration:none;" target="_blank">#rusnanoVSvirus</a></div> <p>RUSNANO Group has allocated RUB 4 mln to the National Association of Primary Immunodeficiency Experts (NAPIE) to support a clinical test aimed at studying the state of the blood coagulation system in patients with COVID-19. Russian scientists assume that it is possible to avoid severe manifestations of the disease by monitoring the state of the coagulation system via timely detection of hypercoagulation changes and controlled administration of anticoagulant drugs that correct excessive blood clotting. A high-precision Thrombodynamics test produced by <a href="/portfolio/companies/hemacore">HemaCore</a>, a RUSNANO portfolio company, is used, among other things, to diagnose the haemostasis system.</p> <p style="text-align: center;"><img alt="Исследование системы свертывания крови у пациентов с COVID-19 компании «ГемКор»" src="http://www.rusnano.com/upload/images/news/2020-05-14_HemaCore_Test.jpg" /></p> <p>The RUSNANO donation is aimed at providing volunteers directly involved in the study with personal protective equipment, compensation for their costs of living in isolation and moving to clinical sites, as well as compliance with other necessary personal and public safety measures.</p> <p>It is arranged by the Center for Theoretical Problems of Physical and Chemical Pharmacology of the Russian Academy of Sciences, Department of Oncology, Hematology and Radiotherapy of the Pirogov Russian National Research Medical University, Dmitry Rogachev National Medical Research Center of Pediatric Hematology, Oncology and Immunology. The study involves several large medical institutions in Moscow focused on the treatment of patients with suspected or confirmed diagnosis of coronavirus infection, such as the Federal State Budgetary Healthcare Institution &ldquo;Hospital of the Russian Academy of Sciences&rdquo; (Troitsk), State Budgetary Healthcare Institution &ldquo;City Clinical Hospital No. 40 of the Moscow Healthcare Department&rdquo;, State Budgetary Healthcare Institution &ldquo;V.V. Vinogradov City Clinical Hospital of the Moscow Healthcare Department&rdquo;, State Budgetary Healthcare Institution &ldquo;I.V. Davydovsky City Clinical Hospital of the Moscow Healthcare Department&rdquo;, and others.</p> <p>The study&rsquo;s purpose is to reveal whether hypercoagulation leads to deterioration of patients&rsquo; condition up to the development of critical consequences and determine an effective scheme for correcting excessive blood clotting in COVID-19. The Thrombodynamics test is one of the few laboratory methods that can detect blood clotting disorders with high sensitivity and help the doctor assess the effectiveness of anticoagulant treatment. It is assumed that Thrombodynamics test can become a good predictive tool for detecting patients with a negative prognosis at the early stages of the disease even before the clinical manifestations of complications. This will help prevent the progression of the disease and reduce the number of patients requiring intensive care, thus improving treatment results and reducing the burden on hospitals and the healthcare system as a whole.</p> <p>The study is planned to be completed by the end of May 2020, after which, if successful, the practice of using the Thrombodynamics test to diagnose the haemostasis system in patients with coronavirus infection may be extended to the regions of the Russian Federation.</p> <p><strong>Anatoly Chubais</strong>, Chairman of the Executive Board of RUSNANO Management Company:&nbsp;&ldquo;Finding an effective way to prevent the severe consequences of coronavirus infection is an extremely urgent task for healthcare. We are proud that high-precision diagnostics from HemaCore is used as part of an important clinical test on blood clotting and can help in the treatment of this dangerous disease. It would have been impossible to launch the study quickly if it were not for the dozens of volunteers who came to help in the laboratories of Moscow medical institutions leaving their homes for a few weeks to do so. Among them are young doctors, biologists and chemists, and we considered it our duty to help in arranging the safest possible conditions for working with the blood of patients with COVID-19, which is a potentially dangerous material.&rdquo;</p> Thu, 14 May 2020 12:00:00 +0300 Turnover of Renewable Energy Markets is Estimated at RUB 2.7 trln by 2035 https://en.rusnano.com/press-centre/news/20191212-rusnano-turnover-of-renewable-energy-markets-is-estimated <p><strong>Alisher Kalanov</strong>, Head of Investment Division RES of RUSNANO Management Company, took part in the 8th Annual Conference The Future of Renewable Energy in Russia organized by the Vedomosti newspaper. Two sessions devoted to the current state of the RES industry and the prospects for localization of equipment were also attended by representatives of the Ministry of Energy of the Russian Federation, Ministry of Economic Development of the Russian Federation, Ministry of Industry and Trade of the Russian Federation, infrastructure organizations, investors in projects for the construction of RES generation and localization of equipment production.</p> <p>Turnover of renewable energy markets is estimated at RUB 2.7 trln by 2035.</p> <p>The speakers agreed that the development of the renewable energy sector is in line with the government&#39;s goals of creating a new knowledge-intensive economic industry and increasing Russia&#39;s high-tech exports. It is also relevant for the implementation of the objectives of the Russian climate agenda.</p> <p>Alisher Kalanov spoke about the results of the RES stimulation program for the period up to 2024 and outlined the prospects of the industry development up to 2035. &ldquo;The first 5.4 GW RES Energy Supply Contracts (ESC) program predetermined the appearance of the industry: a large industrial cluster with prospects for export markets and potential for Russian R&amp;D has been created,&rdquo; believes the Head of Investment Division RES of RUSNANO Management Company. &ldquo;The task of the second program of the RES ESC up to 2035 is to strengthen the established competencies in the field of solar and wind energy, increase the competitiveness of the Russian RES industry in the domestic and foreign markets and ensure the export of high-tech products and services. The parameters of the RES support program adopted by the Russian Government for the period of 2025-2035 make it possible to build another 7-9 GW of RES capacity on the wholesale market.&rdquo;</p> <p>In addition to the wholesale RES market, Alisher Kalanov predicts the development of retail market, markets for isolated power systems and microgeneration as the support measures are improved. &ldquo;According to our conservative estimate, by 2035, the potential of these markets is estimated at up to 10 GW in addition to wholesale generation. Thus, the minimum industry volume will reach 25 GW by 2035. The total turnover of all existing markets of the renewable energy industry on this horizon is estimated at RUB 2.7 trln,&rdquo; he said. According to him, the renewable energy industry creates a large investment demand for both the engineering sector and manufacturers of base materials, as well as for services of engineering, logistics, leasing, insurance and financial organizations. The emergence of up to 15 thousand new jobs will create demand for highly qualified staff and require new educational programs. And the increase in the share of RES in the energy balance will stimulate the development and introduction of advanced digital technologies in the power industry. These factors in aggregate will create a significant positive impact of the RES sector on the Russian GDP growth, says the manager of RUSNANO Management Company.</p> <p>At the next stage of support, investors in equipment localization projects will master new renewable energy technologies, Alisher Kalanov expects. &ldquo;The players will think about increasing the efficiency of solar modules, the size of wind turbines for the wholesale market, the introduction of new materials and deepening the localization of equipment produced. Solar power generation solutions over 5 MW, which have a low rated cost of electricity generation (LCOE) and prospects for export, will have a competitive advantage,&rdquo; he said. At the same time there will be multi-megawatt solutions for offshore wind turbines (marine type), which are already widely used in the world, as well as effective wind turbines of average capacity (about 1 MW) for the retail market.</p> Thu, 12 Dec 2019 12:00:00 +0300 WRS Towers, RUSNANO Portfolio Company, to Make Towers for Siemens Gamesa Wind Turbines https://en.rusnano.com/press-centre/news/20191212-rusnano-wrs-towers-to-make-towers-for-siemens-gamesa-wind-turbines <p>WRS Towers, the Taganrog-based manufacturer has been named official supplier of towers for Siemens Gamesa wind turbines. The company has set up an additional assembly line to enable the commercial production of this new type of tower. WRS plans to produce more than 10 towers for Siemens Gamesa by the end of this year, and more than 85 by the end of 2020.</p> <p style="text-align: center;"><img alt="WRS Towers to Make Towers for Siemens Gamesa Wind Turbines" src="/upload/images/news/2019-12-12_Bashni-WRS.jpg" /></p> <p>The partnership is part of the programme to localise the manufacture of Siemens Gamesa wind turbines in Russia. Under the capacity supply agreements programme, the towers provide 13% of the 65% target for RES localisation. Siemens Gamesa is a supplier of wind turbines for the power company Enel Russia&rsquo;s projects. The towers produced in Taganrog will be used in the construction of the Azov Wind Farm in Rostov Region, with a rated capacity of 90 MW, and the Kola Wind Farm in Murmansk Region, with a rated capacity of 201 MW, to be launched before the end of 2020 and 2021 respectively.</p> <p>WRS Towers LLC, a joint venture established by Windar Renovables S. L., RUSNANO Management Company and Severstal PJSC to manufacture steel towers for wind turbines, was launched on December 12, 2018. It became Russia&rsquo;s first manufacturer of this type of equipment, as a part of a government programme to develop renewable energy and create a new, high-tech power plant engineering sector. The Spanish company Windar Renovables has introduced its technology for the manufacture of wind turbine towers to Russia.</p> <p>The rated production capacity of the company is up to 300 MW a year and it will achieve this level by the end of 2020. In its first year of operation the company has already produced more than 80 wind turbine towers for projects in Russia.</p> <p>Since the end of 2018, the facility has been producing towers for Vestas wind turbines, which are supplied to the Wind energy development fund&rsquo;s project (established by RUSNANO and FORTUM PJSC, on a parity basis).</p> <p><strong>Pyotr Spiridonov</strong>, General Director of WRS Towers: &ldquo;We are pleased to be supplying towers to Siemens Gamesa as one of the major global manufacturer of wind turbines. Our partnership with Siemens Gamesa proves that our production quality meets the international standards for renewable energy generation equipment. This order will enable us to operate closer to our full production capacity and then reach our full rated capacity by next year.&rdquo;</p> <p><strong>Daniel Solomonov</strong>, General Director of Siemens Gamesa Renewable Energy LLC: &ldquo;Organising the production of towers in Taganrog is part of our programme to localise the manufacture of the main wind turbine components in Russia. With the successful output of the first towers, we are meeting the requirements of local production. We are confident that our long-term partnerships with technology partners such as Windar Renovables and WRS Towers will continue advancing wind energy in Russia.&rdquo;</p> <p><strong>Justo Acedo</strong>, CEO of Windar Renovables S.L.:&nbsp;&ldquo;We are very happy that our Taganrog venture&rsquo;s production capacity is meeting the needs of companies manufacturing various types of wind turbines. This means that Windar has successfully managed the required transfer of technology, and has been able to create a universal platform for the manufacture of towers.&rdquo;</p> Thu, 12 Dec 2019 12:00:00 +0300 Placart to Protect Details of Heavy-duty Dump Trucks of JSC BELAZ https://en.rusnano.com/press-centre/news/20191028-rusnano-placart-to-protect-details-of-heavy-duty-dump-trucks-of-belaz <p>The RUSNANO portfolio company JSC Placart won the tender and concluded a contract with JSC BELAZ for the supply of a robotic complex for electric arc metallization. The complex will be used to apply wear-resistant coatings on the gearbox casing parts of dump trucks of JSC BELAZ.</p> <p>JSC BELAZ dump trucks with loading capacity from 90 to 450 tons are designed for transportation of rock in difficult conditions of deep open pits, at opencast mining of mineral deposits on technological roads in various climatic conditions. To ensure the reliability of dump truck mechanisms under enormous loads, it is necessary to apply modern technologies of hardening and reducing wear and tear of components.</p> <p>Placart to protect details of heavy-duty dump trucks of JSC BELAZ.</p> <p>Gearbox casing cuff rings with an outer diameter of up to 1,200 mm and a weight of up to 150 kg are subject to heavy and tear and abrasion due to contact with the sealing rings. Surface hardening of the cuff ring of the motor-in-wheel gearbox casing (material steel 45) is carried out by the method of arc metallization with the Placart material (with wire) of the spring steel base. The coating thickness is at least 0.7 mm (after final machining).</p> <p>The new robotic complex of electric arc metallization developed by engineers and designers of JSC Placart specially for JSC BELAZ includes a full cycle: operations of surface preparation of parts before and of coating proper.</p> <p>The unique complex will be used for production of the main serial products of JSC BELAZ. Due to the high and stable quality of coatings applied as well as high productivity, the complex will replace the previously used unit. This will allow JSC BELAZ to significantly increase the productivity of the coating process and increase reliability of the equipment.</p> Mon, 28 Oct 2019 12:00:00 +0300 RUSNANO Allocates RUB 5 Mln to Help the Far East Overcome the Spread of Coronavirus https://en.rusnano.com/press-centre/news/20200525-rusnano-allocates-rub-5-mln-to-help-the-far-east-overcome-the-spread-of-coronavirus <div style="width: 128px; float: right; padding: 10px 15px; margin:-50px 0px 7px 0px; font-size: 16px; font-style: normal; color: #fff; background: linear-gradient(45deg, #CC2200 0%, #FF0000 100%); font-weight:400; border-radius: 5px;"><a href="https://fiop.site/rosnanovsvirus/" style="color:#fff; text-decoration:none;" target="_blank">#rusnanoVSvirus</a></div> <p>RUSNANO Group has allocated RUB 5 mln to support the Far East regions in their fight against the spread of coronavirus. The aid programme is being implemented by the <a href="https://www.fondvostok.ru/en/" target="_blank">Far East and Arctic Development Fund</a>&nbsp; (FEDF) following an order of <strong>Yury Trutnev</strong>, Deputy Prime Minister of the Russian Federation and Presidential Plenipotentiary Envoy to the Far Eastern Federal District. More than 20 large Russian companies participate in the financing. The target volume of the support programme is RUB 950 mln.</p> <p>The programme is aimed at improving the level of personal protective equipment and specialized equipment for the Far Eastern Federal District&rsquo;s medical institutions to fight the COVID-19 pandemic. This will reduce the risks of contracting disease for medical personnel and improve the effectiveness of therapy for patients with COVID-19.</p> <div class="iframe-box"><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" src="https://www.youtube.com/embed/rmR94kQfTl0?enablejsapi=1"></iframe></div> <p>Procurement of additional personal protective equipment is centralized and already distributed to medical facilities of the Far Eastern regions. 289,000 protective coveralls, 206,000 protective goggles, 408,000 respirators and 200,000 pairs of medical gloves are provided to medical personnel for the raised funds. Besides, direct financial aid for the health care needs of Republic of Buryatia, Trans-Baikal Territory, Kamchatka Territory, Magadan Region and Jewish Autonomous Region is provided. The necessary equipment for regional hospitals has already been procured with these funds.</p> <p><strong>Anatoly Chubais</strong>, Chairman of the Executive Board of Management Company RUSNANO:&nbsp;&ldquo;Amidst the ongoing pandemic, we consider it our duty to create the safest possible environment for medical personnel working in a highly stressful health care environment. In the Far East, it is particularly important to ensure the timely delivery of protective and medical equipment to all remote areas with difficult transport accessibility.&rdquo;</p> <p><strong>Alexey Chekunkov</strong>, General Director of the Far East Development Fund:&nbsp;&ldquo;A set of measures aimed at fighting the spread of infection is being implemented in the Far East. It is important for the state, development institutions and large companies to work together. This makes it possible to provide doctors with effective personal protective equipment in a timely manner and to ensure professional and prompt medical assistance to Far Eastern patients. We thank RUSNANO and all participants of the programme for their support and participation. I am sure that together we will be able to overcome temporary difficulties and win.&rdquo;</p> <p>VEB.RF, Roman Abramovich Foundation, PJSC Polyus, Evraz, PJSC RusHydro, SIBUR, JSC Russian Copper Company, Nakhodka Marine Trade Port, MC Kolmar, GC Rusagro, RFP Holding, Baikal Mining Company, SUEK, SMNM Veco, Backer Hughes and a number of other companies are already participating in the Far East regions support programme implemented by FEDF.</p> Mon, 25 May 2020 12:00:00 +0300 Fitch Confirms RUSNANO's Rating at ‘BBB’, Stable Outlook https://en.rusnano.com/press-centre/news/20191223-rusnano-fitch-confirms-rating-at-bbb-stable-outlook <p>Fitch Ratings confirmed RUSNANO&rsquo;s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at &lsquo;BBB&rsquo;. The Rating Outlook is Stable.</p> <p>Earlier, in August 2019, Fitch Ratings upgraded RUSNANO&rsquo;s Long-Term IDR from &lsquo;BBB-&rsquo; to &lsquo;BBB&rsquo;, at the same level as the sovereign rating, due to its upgrade.</p> Mon, 23 Dec 2019 12:00:00 +0300 Geosplit Increases Its Presence in Asian Market and Opens Research and Development Laboratory in China https://en.rusnano.com/press-centre/news/20190902-geosplit-increases-its-presence-in-asian-market-and-opens-research-and-development-laboratory-in-china <p>Geosplit, a portfolio company of Rusnano Sistema SICAR fund (a joint venture investment fund established by RUSNANO and JSFC Sistema) continues to perform oil and gas well diagnostics using marker-based technologies in China. After the first projects were implemented at the Changqing field, interest in marker-based well diagnostics technology has grown significantly.</p> <p>Geosplit continues to collaborate with Haimo Technologies as part of the $2 mln agreement between the two entities, as well as a number of other leading Chinese oilfield service companies, which is why it has access to all of PRC&rsquo;s main oil and gas fields managed by three state oil and gas corporations CNPC, Sinopec and CNOOC.</p> <p>High demand for marker-based technology in China; Geosplit&rsquo;s strategic plans for future business development in the Asia-Pacific region; China&rsquo;s government-sponsored programs to ramp up natural gas production, and other factors have all helped determine the company&rsquo;s next step&mdash;setting up a research and development laboratory in China.</p> <p>The new laboratory was opened in a district of Suzhou, referred to in an ancient Chinese proverb as &ldquo;Heaven Above, Suzhou and Hangzhou on Earth.&rdquo; The city is located in the crucial transport and commercial centre of the Jiangnan region&mdash;the richest part of the country with a pleasant climate and picturesque landscapes. In addition, Suzhou is located in close proximity to Shanghai &ndash; one of the largest logistics hubs in East Asia.</p> <p>At present, the Geosplit laboratory is engaged in analyses of samples delivered from Chinese oil and gas wells, it is also Geosplit&rsquo;s most important strategic facility in China. This laboratory will, undoubtedly, facilitate optimization of work processes, closer ties with Chinese customers and consolidation of the company&rsquo;s presence in the region.</p> <p>The Geosplit markers used in Chinese fields ensure that an uninterrupted flow of data on productive intervals of well inflows is obtained multiple times over a number of years without stopping production or changing well operating conditions. The technology facilitates field digitalization, and using Geosplit data in combination with geological information increases production effectiveness not only of a single well but also of an entire field, thereby solving the issue of localization of residual reserves.</p> <p>During the 1-year period of cooperation, the Chinese partners have been highly appreciative of the advantages of Geosplit&rsquo;s well logging technology and they anticipate that its wide-spread use in the fields will bring them one step closer to digitalization. &nbsp;</p> <p>Interest in Geosplit technology from foreign clients continues to grow, and pilot projects are to be launched in the Middle East.</p> Mon, 2 Sep 2019 12:00:00 +0300 TestGene from RUSNANO Fund for Infrastructure and Educational Programs Network Registers Ultra-accurate Test for COVID-19 https://en.rusnano.com/press-centre/news/20200518-fiep-testgen-network-registers-ultra-accurate-test-for-covid-19 <div style="width: 128px; float: right; padding: 10px 15px; margin:-50px 0px 7px 0px; font-size: 16px; font-style: normal; color: #fff; background: linear-gradient(45deg, #CC2200 0%, #FF0000 100%); font-weight:400; border-radius: 5px;"><a href="https://fiop.site/rosnanovsvirus/" style="color:#fff; text-decoration:none;" target="_blank">#rusnanoVSvirus</a></div> <p><a href="https://testgen.ru/en/index.html" target="_blank">TestGene</a> from the <a href="http://www.ulnanotech.com/en" target="_blank">ULNANOTECH</a> Ulyanovsk nanocenter (part of the investment network of the Fund for Infrastructure and Educational Programs (FIEP) of RUSNANO Group) received a registration certificate of the Federal Service for Surveillance in Healthcare (Roszdravnadzor) on May 15, 2020 and has launched mass production of its own genetic test for COVID-19. The new test system shows the presence or absence of SARS-CoV-2 RNA at the earliest stages with high accuracy of more than 96%.</p> <p style="text-align: center;"><img alt="The CoV-2-Test" src="http://www.rusnano.com/upload/images/news/2020-05-18_TestGen_snippet.jpg" /></p> <p>The CoV-2-Test system was developed by TestGene specialists in about a month. The first batches are ready to be sent to the regions of Russia.</p> <p>The CoV-2 Test is based on the real-time reverse transcription polymerase chain reaction (RT-PCR) method, which the World Health Organization recommends as the most accurate and reliable way to diagnose viral infection. When developing the test system, recommendations of the Food and Drug Administration were also taken into account.</p> <p>The sample for analysis is a biomaterial taken from the nasal or oropharyngeal mucosa of the patient, or sputum from the lungs. Due to the use of modern highly productive enzymes, the test detects even a very small amount of genetic material (RNA) of the virus in the human biological material. This helps to detect the disease in the incubation period at the earliest stages. A high-precision test result can be obtained in two hours.</p> <p>According to <strong>Denis Viktorov</strong>, Head of the Laboratory for Scientific and Technical Development of TestGene, PhD in Biology, the RT-PCR method is best suited for detecting SARS-CoV-2, since it is highly sensitive and allows detecting even single copies of the virus RNA in a biological sample. In addition, this method allows for making the test highly specific, since the flexibility at the development stage allows for selecting unique nucleotide sequences that occur only in this virus.</p> <p>The new test system has successfully passed clinical testing at the Federal State Budgetary Healthcare Institution &ldquo;Head Center of Hygiene and Epidemiology of the Federal Medical-Biological Agency of Russia&rdquo; (Moscow) and showed the test accuracy of 96-100% in case of the right analysis at all stages. The sensitivity threshold is 500 copies of virus in 1 ml of biomaterial.</p> <p>&ldquo;The company&rsquo;s production capacities and the availability of GOST ISO 13485 certification allow us to produce up to 50,000 tests per day at the initial stage, and up to 2 mln per month in the future. TestGene will provide any assistance in the delivery of test systems to the regions of Russia,&rdquo; assured <strong>Andrey Toropovsky</strong>, CEO of TestGene, PhD in Medicine. According to TestGene CEO, all PCR laboratories are equipped with devices for performing such analyses. Therefore, testing can be performed not only in specialized centers. &ldquo;To enter the foreign market, we are preparing to receive the European CE Certificate for the test system,&rdquo; added Andrey Toropovsky.</p> <p>The Governor of the Ulyanovsk Region <strong>Sergey Morozov</strong> declared readiness to use new TestGene products in this constituent entity of the Russian Federation: &ldquo;We have significantly increased the laboratory base. We already have agreements on the supply of systems to hospitals in the Ulyanovsk Region,&rdquo; Head of the Region stated in an address on his Instagram <a href="https://www.instagram.com/p/CAQc5tdo7wu/" target="_blank">page</a>.</p> <p>TestGene believes that one of the bottlenecks in mass diagnostics is the low throughput of laboratories, the so-called &ldquo;human factor&rdquo; when one laboratory assistant can qualitatively isolate the virus RNA from about 100 samples during a shift. &ldquo;When developing the test system, we initially laid down the possibility of automating the process with the application of robotic stations, which will increase the productivity of laboratories by eight times, which means that diagnostics will become more accessible and faster,&rdquo; said Andrey Toropovsky. &ldquo;The cost of a test system in the test price structure in laboratories is on average no more than 30%,&rdquo; <strong>Dmitry Pak</strong>, Development Director of TestGene, said.</p> <p>CoV-2-Test is the first solution for the reagent diagnosis of the novel coronavirus, but not the only one proposed by RUSNANO Group. Thus, Troitsk Engineering Center from TechnoSpark Group in collaboration with the Federal Scientific and Clinical Center of Physical and Chemical Medicine of the Federal Medical and Biological Agency have developed the Indicator-BIO analyzer device which is capable of detecting dangerous viruses in 15 minutes. TechnoSpark also produces sets of key parts for Evotech-Mirai Genomics coronavirus mobile diagnostics devices created by the Russian company Evogen and the Japanese company K.K. Mirai Genomics.</p> Mon, 18 May 2020 12:00:00 +0300 Wind Farms Construction Starts in Rostov Region https://en.rusnano.com/press-centre/news/20191014-rusnano-wind-farms-construction-starts-in-rostov-region <p>The installation of the first wind power plant has been completed at the construction site of Sulinskaya Wind Power Plant (Krasny Sulin District, Rostov Region). This is an important step in the implementation of the large-scale investment programme of the Wind Energy Development Fund (a joint investment fund created on a parity basis by PJSC Fortum and JSC RUSNANO), which provides for the construction of three wind farms in the Rostov Region with an aggregate capacity of 300 MW.</p> <p>A total of 78 Vestas wind turbines with a capacity of 3.8 MW each will be installed at the Kamenskaya Wind Farm, the Sulinskaya Wind Farm and the Gukovskaya Wind Farm. They will start supplying electricity to the wholesale electricity and capacity market (WECM) in the first half of 2020.</p> <div class="img"><img alt="Sulinskaya Wind Power Plant (Krasny Sulin District, Rostov Region)" src="/upload/images/news/2019-10-14_Vetropark_Rostov.jpg" /> <p>Sulinskaya Wind Power Plant (Krasny Sulin District, Rostov Region)</p></div> <p>&ldquo;The Rostov Region is a crucial player in the creation of a new industrial cluster of renewable energy in Russia. Thanks to the region&rsquo;s rich wind potential, the largest regional investment programme of the Wind Energy Development Fund is being implemented here. Future wind farms are being constructed with the use of Russian equipment: blades, towers, gondolas, with a degree of localization of at least 65%. Steel towers, one of the key components of the wind turbine, are produced with the participation of RUSNANO right in the territory of the Rostov Region,&rdquo; <strong>Alisher Kalanov</strong>, Chairman of the Board of Directors of Vetroenergetika Managing Company, says.</p> <p>&ldquo;The wind farm construction in the Rostov Region is a large-scale wind energy project in Russia. It is being implemented with the use of technologies that proved their effectiveness during the construction of the Ulyanovsk WPP-2, the first completed project of the Fund. Building three wind farms with a total capacity of 300 MW brings us to the construction pace and volume required for the implementation of an ambitious investment program in the field of renewable energy, which provides for commissioning 1,823 MW by the end of 2023,&rdquo; <strong>Alexander Chuvayev</strong>, CEO of Vetroenergetika Managing Company, commented.</p> <p>The Wind Energy Development Fund was established by the partners for investing in the construction of wind farms. The Fund is managed by Vetroenergetika Managing Company, which belongs to PJSC Fortum and JSC RUSNANO in equal shares. Following a competitive selection of investment projects for construction of generating facilities operating on the basis of renewable energy sources, the Fund was authorised to build almost 2 GW of wind power. The Wind farms are to be commissioned over the period of 2019-2023. The first completed joint project of the partnership is the Ulyanovsk Wind Power Plant-2 with a capacity of 50 MW. The plant started supplying electricity to the wholesale electricity and capacity market (WECM) in January 2019.</p> <p>In 2017, Vetroenergetika Managing Company and the Rostov Region Government signed a cooperation agreement that provides for the construction of wind farms with a total capacity of up to 600 MW in the region in 2018-2021.</p> Mon, 14 Oct 2019 12:00:00 +0300 Consortium Formed of the RDIF, Saudi Aramco and PIF to Buy RUSNANO’s Share in the Novomet Group https://en.rusnano.com/press-centre/news/20191014-rusnano-consortium-formed-of-the-rdif-saudi-aramco-and-pif-to-buy-share-in-the-novomet-group <p>RUSNANO and a Consortium of investors consisting of the Russian Direct Investment Fund (RDIF, a sovereign fund of the Russian Federation), the Saudi Arabian Oil Company (Saudi Aramco), owned by the Saudi state, and the Public Investment Fund (PIF, a sovereign fund of the Kingdom of Saudi Arabia) have announced their agreement on binding documentation on the sale of a stake in the Novomet Group, one of Russia&rsquo;s, and the world&rsquo;s, leading producers of high-technology oil-submersible equipment. As part of the transaction, the Consortium will purchase 30.76% of the Novomet Group from RUSNANO.</p> <p>This news was announced today, in Riyadh, in the presence of Russian President <strong>Vladimir Putin</strong> and King <strong>Salman bin Abdulaziz Al-Saud</strong> of Saudi Arabia.</p> <p>It is expected that the transaction agreement will be signed once approval has been obtained from the Russian Federal Antimonopoly Service (FAS). The Consortium has submitted the necessary documentation to the FAS. The parties expect to formally enter into the agreement by the end of 2019.</p> <p>The Novomet Group is recognised as a leader in the production of oil-submersible equipment which is guaranteed to be highly reliable and is intended for use in challenging conditions. Novomet&rsquo;s pumps owe their competitive advantage to their nanocoating&mdash;the result of the use of powder metallurgy technology. The enterprise not only produces complete rigs for oil extraction and water pumping, but also maintains the equipment it supplies, providing a full range of services, from well selection to capital renovation.</p> <p><strong>Anatoly Chubais</strong>, Chairman of the Executive Board of RUSNANO Management Company: &ldquo;Over the last nine years, with the participation of RUSNANO, Novomet has become one of the leaders in the Russian oilfield service equipment market and is now one of the world&rsquo;s 10 leading companies in the sector. RUSNANO&rsquo;s investments have allowed the company to modernize the production -in Perm - of submersible pumps for oil production, to increase revenues by 250%, to 23.2 billion roubles, to expand our international network for supplying equipment, which now covers 25 countries, and to open 12 service centres for equipment maintenance worldwide. We expect that the participation of Saudi Aramco, one of the world&rsquo;s largest oil producers, as a strategic investor will strengthen Novomet&rsquo;s strong position in the international oilfield services market and give a new impetus to its development.&rdquo;</p> <p>The Consortium of investors will enable the further development of the Novomet Group&rsquo;s business, both in existing and new markets, including in the Middle East. In 2018, with support from the Consortium, Novomet made its first deliveries to the Saudi Arabian market.</p> Mon, 14 Oct 2019 12:00:00 +0300 RUSNANO and NordEnergoGroup to Discuss Localising Electrical Equipment for Wind Power Industry https://en.rusnano.com/press-centre/news/20200113-rusnano-nordenergogroup-to-discuss-localising-electrical-equipment-for-wind-power-industry <p>RUSNANO and NordEnergoGroup LLC (part of the Severgroup) signed a Memorandum of Understanding to create an investment fund for localising electrical equipment for a wind power plant (WPP) as part of the second program to support renewable energy sources for the period of 2025-2035.</p> <p>In particular, the cooperation envisages projects for the production of a generator, a frequency converter and a transformer for a wind power plant. The partners are planning to identify jointly the most promising WPP component production technologies for transfer and to engage an international vendor, a WPP producer, as a technological partner. NordEnergoGroup can provide its production sites and expertise that are in demand for the implementation of the joint project.</p> <p>According to the memorandum, the parties are planning to coordinate the financial and economic parameters of the fund in the second quarter of 2020.</p> <p>Localisation of innovative energy equipment in Russia is part of the program to stimulate renewable energy sources (RES) in the wholesale market of electric energy and capacity. As part of the first RES support program, which is to be implemented by 2024, investors in wind power generation must ensure the level of localisation for RES equipment of at least 65%. Within the framework of the second RES support program for the period of 2025-2035, tougher requirements for localisation of implemented WPP up to 90% are being discussed.</p> Mon, 13 Jan 2020 12:00:00 +0300 Optic Fiber Systems, RUSNANO's Portfolio Company, Strengthens Technological Partnership with Sumitomo Electric https://en.rusnano.com/press-centre/news/20191111-rusnano-optic-fiber-systems-strengthens-technological-partnership-with-sumitomo-electric <p>On November 11, 2019, an official ceremony of signing a Memorandum of Understanding regarding the strategic partnership between the shareholders of Optic Fiber Systems JSC (OFS) and the Japanese company Sumitomo Electric Industries, Ltd. took place in Saransk, the Republic of Mordovia.</p> <p>The ceremony was held in the presence of the Head of Mordovia, <strong>Vladimir Volkov</strong>, and was also attended by <strong>Shigeru Suemori</strong>, Director General of Sumitomo Electric&rsquo;s Optic Fiber and Cable business unit, as well as members of the Boards of Directors of OFS from RUSNANO and Gazprombank and Members of the Government of the Republic of Mordovia.</p> <p>RUSNANO&rsquo;s portfolio company Optic Fiber Systems is the first and only optical fiber production plant in Russia, located in Saransk (the Republic of Mordovia).&nbsp; The official opening ceremony of the plant took place on September 25, 2015.&nbsp; The shareholders of the firm are RUSNANO, Gazprombank and the Government of the Republic of Mordovia.&nbsp; Optical fiber is the main component of fiber-optic cables used for signal transmission in contemporary communication systems. The fibers can also be used as sensors.</p> <p style="text-align: center;"><img alt="Optic Fiber Systems, RUSNANO's Portfolio Company, Strengthens Technological Partnership with Sumitomo Electric " src="/upload/images/news/2018-09-26_Optic-Fiber_03.jpg" /></p> <p>The Japanese company Sumitomo Electric is one of the world&rsquo;s leading manufacturers of optical fiber and has over 40 years of experience in the development and production of high-tech products for optical communication systems.&nbsp; In the 1980s, it was Sumitomo Electric that became the developer of VAD technology, the most popular preform manufacturing technology (used to produce optical fiber).</p> <p>The cooperation between Optic Fiber Systems JSC and Sumitomo Electric began in 2013, at the same time as the start of construction of the OFS plant.&nbsp; Since Optic Fiber Systems JSC launched production in 2016, Sumitomo Electric has been its primary supplier of preform for the production of optical fiber. It also helped OFS to improve production and ensure that the high quality of Russian-made optical fiber remains consistent.</p> <p>According to the signed agreement, Sumitomo Electric will continue to provide comprehensive technological support for OFS both in matters of drawing optical fiber from completed preforms and, in the future, by increasing the volume of drawing and expanding the manufacturing of its own preforms.&nbsp; The parties will also consider the possibility of the Japanese firm acquiring a share the capital of Optic Fiber Systems JSC.&nbsp; Strategic cooperation with Sumitomo Electric will allow OFS to gain access to state-of-the-art technologies, as well as the professional competence and decades of experience of the globally renowned Japanese company.</p> <p><strong>Sergey Vakhterov</strong>, Senior Managing Director of RUSNANO and Member of OFS&rsquo; Board of Directors, said:&nbsp;&ldquo;The partnership between Optic Fiber Systems and Sumitomo Electric is sure to satisfy the increased demand of the plant for high-quality preforms after expanding production to 4 mln kilometers of optical fiber in the beginning of this year.&nbsp; In turn, the stable supply of OFS products to the Russian market will be able to replace the products of foreign manufacturers in the growing EAEU market and further the implementation of the national Digital Economy program, which aims to provide high-quality Internet access to socially significant facilities and citizens all around the country.&rdquo;</p> Mon, 11 Nov 2019 12:00:00 +0300 The Fair Value of RUSNANO’s Investment Portfolio Grows by RUB 1.5 bln, not Including Exchange Rate Differences https://en.rusnano.com/press-centre/news/20200403-rusnano-the-fair-value-of-investment-portfolio-grows <p>RUSNANO has published its financial results for 2019, drawn up in accordance with International Accounting Standards (IAS).</p> <p>RUSNANO&rsquo;s net loss for 2019 was RUB 16.5 bln. Despite this financial result, the actual accumulated level of profit / loss for the period 2015-2019 was higher than the target figure of RUB 18.2 bln, which was set out in accordance with RUSNANO&rsquo;s long-term development programme.</p> <p>Negative exchange rate differences amounting to RUB 6.9 bln had a significant impact on the financial results. Taking into account the factor of exchange rate differences the fair value of the investment portfolio decreased by 5.1%. More than 30% of ROSNANO&rsquo;s investment portfolio consists of foreign assets, which are valued in foreign currencies. In 2019 the Russian ruble strengthened by almost 11% against the US dollar, which had a negative effect on the ruble value of RUSNANO&rsquo;s foreign assets. Not counting exchange rate differences, the fair value of RUSNANO&rsquo;s investment portfolio grew by RUB 1.5 bln.</p> <p>Thanks to the effective management of its debt portfolio, which increased by RUB 6.7 bln, RUSNANO&rsquo;s finance costs were RUB 0.3 bln less in 2019 than in 2018.</p> <p>In the course of its investment activities, RUSNANO has exited 4 investment projects in 2019, the largest of which was the sale of its stake in the NANOLEK biopharmaceutical company. In the whole period between the date of its foundation and the end of 2019, RUSNANO successfully withdrew from 54 investment projects, generating an average internal rate of return (IRR) of 15.5% (under the management agreement between RUSNANO and Management Company RUSNANO the IRR on the fair value of its 2013 investments is one of the key indicators of its effectiveness) and a total income of RUB 75.3 bln. Moreover, the accumulated total of RUSNANO&rsquo;s proceeds received a boost from its investments: the proceeds from its projects and the fair value as of the end of 2019 exceeded the total actual portfolio investment by RUB 14.1 bln.</p> <p><strong>Boris Podolsky</strong>, Managing Director of Management Company RUSNANO:&nbsp;&ldquo;As far as its investment activities are concerned, RUSNANO&rsquo;s greatest achievement in 2019 was the positive accumulation of results in its investment portfolio, and also its achievement of important milestones in the development of the nanotechnology industry, including growth in exports and in the proceeds of nanotechnology portfolio companies, the attraction of private investment into new funds and the launch of innovative production processes. In terms of its financial results, over the last 5 years RUSNANO has exceeded the target figures set out in the long-term development programme.&rdquo;</p> <p>In 2019 the high level of expenditure on debt servicing continued to have a significant impact on financial results. RUSNANO is the only Russian investment fund in the direct and venture investment sector for which the main source of financing is drawdown loans. The burden of the accumulated loan debt means that each year a significant proportion of its funds are used for debt servicing. Thus, in 2019 a total of RUB 51.1 bln was spent on debt servicing, of which RUB 37.6 bln were used to repay principal debt. Debentures of RUB 15.9 bln were repaid ahead of schedule.</p> <p>Since it was founded RUSNANO has spent RUB 240 bln on debt servicing, which includes the timely payment of RUB 102 bln in interest to banks and holders of securities. RUSNANO has no debt due for repayment in 2020, and is continuing to take steps to reduce its debt burden.</p> <p></p> <h3>RUSNANO&rsquo;s Net Profit in the First Quarter of 2020 Was RUB 11.7 bln</h3> <p>In order to monitor the financial state of the company more efficiently at a time of economic instability on the global market, RUSNANO has published its first quarterly financial results drawn up in accordance with International Accounting Standards (IAS). According to its management accounting reports, in the first quarter of 2020 the company earned a net profit of RUB 11.7 bln.</p> <p>This positive financial result was due to an increase of RUB 14.1 bln in the fair value of RUSNANO&rsquo;s investment portfolio. The main factor behind this change was the positive effect of exchange rate differences, which accounted for RUB 13.8 bln. Without taking these exchange rate differences into account, the fair value of RUSNANO&rsquo;s investment portfolio increased by RUB 0.3 bln in the first quarter of 2020</p> Fri, 3 Apr 2020 12:00:00 +0300 RUSNANO’s ruAA Rating Confirmed by Expert Rating Agency https://en.rusnano.com/press-centre/news/20200403-rusnano-ruaa-rating-confirmed-by-expert-rating-agency <p>Expert Rating Agency has confirmed RUSNANO&rsquo;s ruAA creditworthiness rating. The Rating Outlook is Stable.</p> <p>Expert RA emphasizes RUSNANO&rsquo;s significance as one of the core elements of the state system of development institutions. The agency also took account of the fact that since the beginning of its business operations the company has never missed any deadlines for servicing its debt obligations.</p> <p><strong>Artur Galstyan</strong>, Chief Financial Officer of Management Company RUSNANO, said: &ldquo;The fact that Expert RA has reconfirmed our credit rating will enable us to attract financing for new funds managed by Management Company RUSNANO, on acceptable terms.&rdquo;</p> <p>Expert RA first awarded RUSNANO a credit rating of ruAA with stable outlook in April 2019.</p> <p>In December 2019 Fitch Ratings also confirmed RUSNANO&rsquo;s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at &lsquo;BBB&rsquo;, with stable outlook.&nbsp;</p> Fri, 3 Apr 2020 12:00:00 +0300 RUSNANO’s FIEP Startup and 3DToday Community Initiated Designing and 3D Printing of Medical Accessories https://en.rusnano.com/press-centre/news/20200403-fiep-rusnano-startup-and-3dtoday-community-initiated-designing-and-3d-printing-of-medical-accessories <p>The engineering contract company <a href="http://cmlatmed.ru/" target="_blank">CML AT Medical</a> based in the North-West Nanotechnology Centre in St. Petersburg and the All-Russian community of 3D printer owners <a href="https://3dtoday.ru/" target="_blank">3DToday</a> have started an All-Russian project of a prompt 3D-printing of badly needed plastic accessories and other medical products to assist doctors in fighting against coronavirus COVID-19. The Fund for Infrastructure and Educational Programs (FIEP), whose investment network includes the North-West Nanotechnology Centre, and the whole RUSNANO Group fully support this project and are inviting all the 3D printing market participants to join the initiative and unite efforts.</p> <p>CML AT Medical, which specializes in designing medical devices, has already designed and manufactured a batch of prototype adapters for artificial lung ventilation apparatuses valves and protective shields and has handed them over for testing. The company is ready to accept orders for medical products required by doctors, promptly design and verify 3D models and, in cooperation with 3DToday and the entire 3D printer owners community, transfer them to the nearest 3D printing centre throughout Russia.</p> <div class="img"><img alt="Face mask adapter" src="http://www.rusnano.com/upload/images/news/2020-04-03_3D-Print.jpg" /> <p>Face mask adapter, the photo was provided by CML AT Medical</p></div> <p>The project was born in response to the surge needs of health workers fighting against coronavirus. &ldquo;In recent weeks, we have received numerous same type requests from doctors who asked us to design and manufacture disposable adapters for filters in ALV apparatuses and face screens for masks,&rdquo; <strong>Yana Chekryzhova</strong>, CEO of CML AT Medical, stated. &ldquo;After the first stage of this work where we provided 50 screens and 20 adapters for testing, it became clear that we need to scale up our experience. That was why we supported the initiative of the 3DToday community to bring together 3D printers from all over the country. In turn, we shall make publicly available all newly created 3D models with the description of print modes and materials.&rdquo;</p> <p>RUSNANO Group is ready to involve 3D printing capacity of the entire network of nanocentres of the Fund for Infrastructure and Educational Programs in the project. &ldquo;TechnoSpark Contract Services are ready to promptly produce the parts required for the efficient work of doctors in Moscow, St. Petersburg, Krasnoyarsk and Novosibirsk,&rdquo; said <strong>Oleg Lysak</strong>, Director for Contract Businesses of <a href="https://technospark.ru/en/" target="_blank">TechnoSpark Group of Companies</a>, which is also a part of the FIEP nanocentre network. &ldquo;Additive technologies have a vast potential for the medical branch: it is possible to make plastic and metal parts for repairing medical equipment, manufacture individual products, adapt devices for work within the system.&rdquo; <strong>Oleg Lysak</strong> hopes that the joint initiative of CML AT Medical and 3DToday will help domestic clinical medicine discover the possibilities of 3D printing (so far clearly underestimated), which will allow additive technologies to become part of the daily lives of doctors.</p> <p>&ldquo;In this difficult period for our country when we have to fight against the spread of coronavirus and treat those infected, it is important to involve business in the search for new solutions and support the conversion of production. This is especially true for innovative industries that work with medical devices and produce accessories for them,&rdquo; said <strong>Dmitry Yalov</strong>, Deputy Prime Minister of the Leningrad Region, Chairman of the Committee for Economic Development and Investment Activities. &ldquo;Russian companies are ready to promptly provide products most in demand. The engineering contract company CML AT Medical from the North-West Nanotechnology Centre, which designed and manufactured a batch of prototype adapters for ventilator valves is exactly the kind of example.&rdquo;</p> <p>The deputy head of the regional government considers it important that a list of medical devices be drawn up at the federal level to which the priority procedure of state registration would be applied, such as ALV apparatuses and their accessories, and that the period of registration for such medical devices be reduced at all stages.</p> <p><br />In many countries, the close cooperation of 3D printer owners has eliminated the shortage of artificial lung ventilation (ALV) apparatuses valves, face screens and other medical products critically needed for successful fight against spread of the coronavirus infection and for medical treatment of it.<br />&nbsp;</p> Fri, 3 Apr 2020 12:00:00 +0300 RUSNANO Issues RUB 6.5 bln of Listed Bonds https://en.rusnano.com/press-centre/news/20200327-rusnano-issues-of-listed-bonds <p>On March 26, 2019 RUSNANO successfully closed the applications for the issue of its BО-002R-04 series bonds, with a total par value of RUB 6.5 bln. The annual coupon rate was set at 8.75%. The term of the listed bonds is 4 years.</p> <p>Thanks to the considerable amount of interest in RUSNANO&rsquo;s bonds, the issue was oversubscribed before the closing of applications.</p> <p><strong>Artur Galstyan</strong>, RUSNANO Management Company&rsquo;s Chief Financial Officer, said, &ldquo;Despite the difficult situation on the financial market due to the coronavirus epidemic, there was a great deal of interest in the issue of RUSNANO&rsquo;s securities, which enabled the company to choose the most convenient terms for attracting investment. This proves how much confidence investors have in the reliability of the issuer, and its ability to resist fluctuations in the economy. In the current uncertain situation the attracted funds will be used to increase the company&rsquo;s liquidity reserves and to refinance its debt at more advantageous interest rates.&rdquo;</p> <p>The actual issue of the bonds will take place on the Moscow Exchange on March 31, 2020. The issue was arranged by Alfa Bank, Ak Bars Bank, BCS Global Markets, Veles Capital, Derzhava Bank, Raiffeissen Bank, ROSBANK and Sovkombank.</p> <p>Before the issue, in February, RUSNANO&rsquo;s Board of Directors confirmed that the 002R series of listed bonds issue would be increased from RUB 20 bln to RUB 70 bln.</p> Fri, 27 Mar 2020 12:00:00 +0300 Indicator-BIO of RUSNANO FIEP Start-Up with New Chips and Reagents of FRCC PCM FMBA Detects Coronavirus in 15 Minutes https://en.rusnano.com/press-centre/news/20200410-fiep-indicator-bio-with-new-chips-and-reagents-of-frcc-pcm-fmba-detects-coronavirus-in-15-minutes <div style="width: 128px; float: right; padding: 10px 15px; margin:-50px 0px 7px 0px; font-size: 16px; font-style: normal; color: #fff; background: linear-gradient(45deg, #CC2200 0%, #FF0000 100%); font-weight:400; border-radius: 5px;"><a href="https://fiop.site/rosnanovsvirus/" style="color:#fff; text-decoration:none;" target="_blank">#rusnanoVSvirus</a></div> <p>The Federal Research and Clinical Centre of Physical-Chemical Medicine (FRCC PCM) of the Federal Medical and Biological Agency (FMBA) presented new chips and reagents for the <a href="/press-centre/news/20200325-fiep-creates-virus-analyser-within-30-minutes" target="_self">Indicator-BIO</a> analyser. They allow detecting, within 15 minutes, dangerous viruses, including the novel coronavirus COVID-19, in biological fluids. The Indicator-BIO device was developed by specialists from Troitsk Engineering Centre, part of <a href="https://technospark.ru/en/" target="_blank">TechnoSpark Group</a>, a subsidiary of the RUSNANO Group&rsquo;s Fund for Infrastructure and Educational Programs (FIEP). Earlier, the Indicator-BIO was presented to Veronika Skvortsova, FMBA head.</p> <p>The main advantage of the model of the Indicator-BIO analyser presented by RUSNANO earlier was its ability to work with different reagents. It was due to the use of new reagents promptly developed by Russian specialists engaged by FMBA that the time of obtaining the analysis result was halved.</p> <p>RUSNANO Group is ready to use the full potential of developers and engineers of their companies to fight the COVID-19 pandemic.</p> <div class="img"><img alt="Portable device The BIO-Indicator for the detection of viruses" src="http://www.rusnano.com/upload/images/news/2020-04-01_Indikator-BIO.jpg" /> <p>Indicator-BIO mobile device for detection of infections<br />Photo: Aleksandr Korneev</p></div> <p>&ldquo;Nowadaya, PCR diagnostics is the fastest and most reliable method for diagnosing infectious diseases. Troitsk Nanocentre managed to develop a device that not only dramatically reduced the time required for analysis, literally down to 15 minutes, but also does not require a specially equipped laboratory,&rdquo; said <strong>Anatoly Chubais</strong>, Chairman of the Board of Management Company RUSNANO and FIEP.</p> <p>&ldquo;We understand the challenge we face today as researchers and developers, and how much we need extremely accurate, fast and simple rapid analysers. In response to this challenge, in just a couple of weeks we and our colleagues at PCM FMBA have found a way to simplify and speed up the procedure of bio-material preparation and subsequent analysis to 15-20 minutes. Our device has almost no competitors in this mobile class, especially considering the cost of analysis. The device and reagents will soon get a registration certificate of a&nbsp;medical device,&rdquo; said <strong>Evgeny Gorsky</strong>, General Director of Troitsk Engineering Centre.</p> <p>&ldquo;In today&rsquo;s crisis situation it is important for us not only to increase speed of the analysis for COVID-19 which has become possible due to our device. The speed of launching the production of this equipment critical in the fight against the virus is an equally crucial factor. While one of our start-up developers is testing and improving the device, another start-up is launching the production of optics with the relevant coating for it, the third is professionally assisting with documentation for obtaining the registration certificate, the fourth is finishing the interface design, and the fifth, without waiting for the completion of formal procedures, is working with potential suppliers on delivery terms of components for batch production of the device. The system of division of labour for production of new technological products created by TechnoSpark has worked for the last eight years as a kind of innovation conveyor, quickly and productively,&rdquo; noted <strong>Denis Kovalevich</strong>, General Director of TechnoSpark.</p> <p>Let us recall that the Indicator-BIO analyser uses the polymerase chain reaction (PCR), a highly accurate molecular and genetic diagnosis method, and is capable of identifying up to four different types of pathogen simultaneously. Also, a range of test systems in microfluid cartridge format were developed for the device, including tests capable of identifying the novel SARS-CoV-2 coronavirus.</p> Fri, 10 Apr 2020 12:00:00 +0300