Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > RUSNANO, SITRONICS, and X5 Retail Group Kick Off Project for Store of the Future

Abstract:
The St. Petersburg International Economic Forum hosted the signing of the investment agreement for a project RUSNANO, SITRONICS, and X5 Retail Group will launch-the Store of the Future.

RUSNANO, SITRONICS, and X5 Retail Group Kick Off Project for Store of the Future

St Petersburg, Russia | Posted on June 20th, 2011

With RUSNANO CEO Anatoly Chubais and Sistema Chairman of the Board Vladimir Evtushenkov looking on, RUSNANO Deputy CEO Andrey Malyshev, SITRONICS President and CEO Sergey Aslanian, and X5 Retail Group CEO Andrei Gusev signed the investment agreement.

The project will create nano-enabled solutions for introducing and exploiting RFID technology in Russia's retail industry. If successful in its development work, the project will establish a company-integrator to introduce RFID technology to domestic retail trade.

Radio frequency identification is a great boon to retail: RFID tags reduce expenses throughout the distribution and sale of goods. They effectively control merchandise turnover in the supply chain. The tags, electronic certificates for consumer goods, protect the buyer from falsified items, improve product surveillance, and prevent inadvertent sale of expired products, particularly drugs and foodstuffs.

The project has a budget totaling 350 million rubles. Investment will be divided equally among the three participants over two years.

In 2013, assuming successful development of the RFID technology, the project will open Russia's first model grocery store for the future. X5 Retail Group will provide the platform. The project will also develop sector standards, which are prerequisites for changing the regulatory and legal framework for retail production and trade.

"Cost of the RFID tags is the greatest barrier to their broad use. Once RFID in retail trade begins on a large scale, the cost of the tags will decline and RFID will be extended to other economic sectors. With project success, Russia will become another large market for RFID tags, and that will give Russian microelectronics producers the opportunity to enter an arena where sales are forecast at up to 50 billion tags per year," Andrey Malyshev explained. "We expect this project to foster demand for nano-enabled products and other RUSNANO projects related to RFID technologies."

"RFID technology could help our customers avoid unnecessary hassles when shopping," said Andrei Gusev. "We are pleased to have joined the project as expert and practitioner. As such, we'll be taking a hard look over the next years at the viability and value of using RFID technology in retail supermarkets."

"The project will create an experimental site where we can apply our expertise and build competencies in systemic integration of RFID solutions," said Sergey Aslanian. "There will be interesting technical challenges to resolve; there will be new technology and know-how with promising avenues for commercialization in retail, medicine, and industry. The technology for radio frequency identification is in a period of growth that may lead to an excellent market."

####

About RUSNANO
RUSNANO was founded in 2011, resulting of the restructuring process for the Russian Nanotechnology Corporation. RUSNANO implements the government strategy for nano-industry development stepping in as a co-investor for the nanotechnology projects with significant economic or social potential. 100 percent of RUSNANO’s equity is owned by the government. The Chairman of the Board is Anatoly Chubais. The Russian Nanotechnology Corporation objectives of developing nanotechnological infrastructure and educational programmes are being fulfilled by the Foundation for Infrastructure and Educational Programmes founded as result of the above mentioned restructuring.

For more information, please click here

Copyright © RUSNANO

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Northwestern researchers achieve unprecedented control of polymer grids: Materials could find applications in water purification, solar energy storage, body armor June 22nd, 2018

Nanobiotix Publishes Positive Phase 2/3 Data For Nanomedicine in Soft Tissue Cancer (Webcast June 22) June 22nd, 2018

Alzheimer's breakthrough: Brain metals that may drive disease progression revealed: In brains affected by Alzheimer's, researchers identify chemically reduced iron species, with mineral forms including a magnetic iron oxide June 22nd, 2018

Collaboration yields discovery of 12-sided silica cages June 20th, 2018

Possible Futures

Northwestern researchers achieve unprecedented control of polymer grids: Materials could find applications in water purification, solar energy storage, body armor June 22nd, 2018

Alzheimer's breakthrough: Brain metals that may drive disease progression revealed: In brains affected by Alzheimer's, researchers identify chemically reduced iron species, with mineral forms including a magnetic iron oxide June 22nd, 2018

JPK talks with Dr Frank Lafont, Director of the BioImaging Center Lille (BICeL) about the use of the NanoWizard® AFM together with fluorescence microscopy in the study of living cells June 19th, 2018

Powering the 21st Century with Integrated Photonics: UCSB-Led Team Selected for Demonstration of a Novel Waveguide Platform Which is Transparent Throughout the MWIR and LWIR Spectral Bands June 19th, 2018

Announcements

Northwestern researchers achieve unprecedented control of polymer grids: Materials could find applications in water purification, solar energy storage, body armor June 22nd, 2018

Nanobiotix Publishes Positive Phase 2/3 Data For Nanomedicine in Soft Tissue Cancer (Webcast June 22) June 22nd, 2018

Alzheimer's breakthrough: Brain metals that may drive disease progression revealed: In brains affected by Alzheimer's, researchers identify chemically reduced iron species, with mineral forms including a magnetic iron oxide June 22nd, 2018

Collaboration yields discovery of 12-sided silica cages June 20th, 2018

Alliances/Trade associations/Partnerships/Distributorships

Powering the 21st Century with Integrated Photonics: UCSB-Led Team Selected for Demonstration of a Novel Waveguide Platform Which is Transparent Throughout the MWIR and LWIR Spectral Bands June 19th, 2018

Leti and Cellmic Join Forces to Speed Market Adoption of Lens-Free Imaging and Sensing Techniques May 3rd, 2018

Nanobiotix and Weill Cornell Medicine Partner on Pre-Clinical Research Inbox x May 3rd, 2018

New era in high field superconducting magnets – opening new frontiers in science, nanotechnology and materials discovery January 9th, 2018

Research partnerships

Alzheimer's breakthrough: Brain metals that may drive disease progression revealed: In brains affected by Alzheimer's, researchers identify chemically reduced iron species, with mineral forms including a magnetic iron oxide June 22nd, 2018

Powering the 21st Century with Integrated Photonics: UCSB-Led Team Selected for Demonstration of a Novel Waveguide Platform Which is Transparent Throughout the MWIR and LWIR Spectral Bands June 19th, 2018

Evidence for a new property of quantum matter revealed: Electrical dipole activity detected in a quantum material unlike any other tested June 11th, 2018

Scientists use photonic chip to make virtual movies of molecular motion June 6th, 2018

RFID

Nanowire 'inks' enable paper-based printable electronics: Highly conductive films make functional circuits without adding high heat January 4th, 2017

Conformal transfer of graphene for reproducible device fabrication August 11th, 2015

GLOBALFOUNDRIES Launches Industry’s First 22nm FD-SOI Technology Platform: 22FDX offers the best combination of performance, power consumption and cost for IoT, mainstream mobile, RF connectivity, and networking July 13th, 2015

New micro-supercapacitor structure inspired by the intricate design of leaves: A team of scientists in Korea has devised a new method for making a graphene film for supercapacitors July 2nd, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project