Nanotechnology Now - Press Release: "RUSNANO opens first nanotechnology factory in Moscow"

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Above: a microphotograph of the nanostructured thermoelectric material (PbViTe) and single-stage module scheme.

Above: a microphotograph of the nanostructured thermoelectric material (PbViTe) and single-stage module scheme.

Abstract:
RUSNANO opens a new production site for its portfolio company RMT specializing in manufacture of thermoelectric cooling devices. These components are widely used for cooling lasers, photodetectors and integrated circuits (ICs). The smaller-scale cooling elements effectively dissipate heat generated by power-hungry devices used in modern telecommunications, high-performance computing and optoelectronics industries. The total budget of the project is around 800 million roubles of which RUSNANO finances 150 million roubles. Their co-investor is the closed-end high-risk (venture) investment fund "S-Group Ventures", established with capital raised from the Russian Venture Company.

RUSNANO opens first nanotechnology factory in Moscow

Moscow, Russia | Posted on May 20th, 2011

This project is a bright example of how the research done by Russian scientists has been commercialized to a full-scale production of innovative products greatly demanded by the world hi-tech market.

RMT was founded by a team of researcher from varioius scientific institutions including the Lebedev Physical Institute of the Russian Academy of Sciences (LPI RAS). Their start-up received support from the Foundation for Assistance to Small Innovative Enterprises in the field of science and technology (the Bortnik Foundation). In 2009 the Supervisory Board of RUSNANO approved the financing of a project with the goal of increasing the production of thermoelectric cooling devices for opto-, micro- and nanoelectronics.

RMT manufactures approximately 300,000 parts per year, and 80% of them are exported to the USA, Canada, Japan, Europe and South-East Asia. In 2010 the company's revenue exceeded 146 million roubles. RUSNANO estimates that this figure will rise to around 1.3 billion roubles by 2015 after the expansion of production capacity. The RMT's share of the global market for thermoelectric cooling systems is expected to rise to 10% by 2015.

RUSNANO CEO Anatoly Chubais, RMT Director-General Gennady Gromov, academic and Director of the Lebedev Physical Institute RAN Gennady Mesyats, and the head of the Moscow Department of Science and Industrial Policy, Evgeniy Balashov took part in the opening ceremony for the new production site.

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About RUSNANO
RUSNANO’s mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. RUSNANO was established in March 2011 as an open joint-stock company through the reorganization of state corporation Russian Corporation of Nanotechnologies, which was founded in 2007. With this reorganization, the establishment of nanotechnology infrastructure and training of nanotechnology specialists, which was formerly conducted by the Russian Corporation of Nanotechnologies, is now entrusted to the newly created non-commercial Fund for Infrastructure and Educational Programs. The government of the Russian Federation owns 100 percent of the shares in RUSNANO.

About RMT
RMT is among the ten largest producers of thermoelectric micro cooling products in the world. Currently, the company holds a 1.8% share of the global market. The company's products are distributed in the Russian Federation, the USA, Canada, Europe, South-East Asia, Japan etc. RMT is the only thermoelectric company in Russia to have received a license from the Russian Federal Space Agency (Roskosmos), allowing them to develop and provide thermoelectric products for space programs. The quality management system at RMT has been certified as meeting international standards ISO 9001:2008.
For more detailed information, please visit the company's website at www.rmtltd.ru

About OOO MC SGCM

OOO MC SGCM holds an investment management license from the Federal Financial Markets Service № 21-000-1-00638 issued on 17th March 2009 for the management of investment funds, mutual funds and private pension funds. Since 2010, following the transfer of management rights from Sever Asset Management, OOO MC SGM manages closed-end high-risk (venture) investments fund S-Group Ventures.

For more information, please click here

Contacts:
OOO MC SGCM
Maxim Shemetov
Phone: +7 (495) 662 7020 extension 3216
e-mail:

RUSNANO
Michael Popov
Phone: +7 (495) 988 5388 ext. 1417
E-mail:

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