Open menu

Nanotechnology General News

The latest news from academia, regulators
research labs and other things of interest

Posted: Dec 09, 2010

RUSNANO and S-Group Ventures to Invest in RMT, Producer of Innovative Thermoelectric Units

(Nanowerk News) The Russian Corporation of Nanotechnologies has announced that it will invest 150 million rubles in automated mass production of thermoelectric micro coolers, cooling systems, and related devices, a project proposed by Russian company RMT. The project also attracted co-investment from the private venture capital fund S-Group Ventures.
Russian company RMT is one of the world's ten largest producers of thermoelectric micro cooling products. It currently holds a two percent share of the world market, selling its goods in Russia, the United States, Canada, Europe, Southeast Asia, and Japan.
The thermoelectric modules, which operate on the Peltier effect, cool a range of devices: semiconductor and other types of lasers, powerful light-emitting diodes, highly sensitive photoreceivers, elements for high-performance integrated circuits, microprocessors, and biomedical instruments. The miniature thermoelectric coolers that RMT specializes in are integrated into the body of microelectric units; the closer the cooling elements are to the heat source, the more effectively the units work.
Gennadi Gromov, general director of RMT, commented: "We are very pleased to begin working with such strong investment partners. Our collaboration will enable RMT's business to become more effective and more successful. The investments will be used to establish one of the most technologically advanced productions of thermoelectric micromodules and instruments in the world."
Alexander Yakushev, director of S-Group Capital Management to which S-Group Ventures belongs, remarked: "This transaction gives us the opportunity to play a strategic role in the growth of a Russian high-tech company, a world leader in its segment with a significant market share. We look at the synergy this project has with other portfolio companies that we hold and we are quite pleased."
Commenting on the investment, RUSNANO managing director Dmitry Lisenkov said: "Clearly, further improvements in the technology for powerful semiconductor devices depends on advances in thermoelectrics. Investments in that sphere are particularly pressing for RUSNANO because a sizeable share of our portfolio today is in opto- and nanoelectronic projects."
About RMT
RMT was founded in 1993. In its early years, the company focused on research and development, and collaboration with the Russian Academy of Sciences and private industry. The company began manufacturing and sales in 2000. RMT produces items that are used in laser technology (for cooling semiconductor and other types of lasers), particularly for telecommunication; optoelectronic devices, including a wide range of photoreceivers; matrix photodetectors; and devices for cooling micro- and nanoelectronic goods. RMT is one of the ten largest manufacturers of thermoelectronic micro cooling products in the world. 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 www.rmtltd.ru
About S-Group Capital Management
Management company SGCM is licensed by the Federal Service for Financial markets of the Russian Federation to carry out activities for the management of investment funds, mutual funds, and non-governmental pension funds. Since 2010, following the transfer of management rights from Sever Asset Management, SGCM has executed fiduciary management of the private venture capital fund S-Group Ventures. For more detailed information, please visit the company's website: www.sgcm.ru
About S-Group Ventures
S-Group Ventures is a capital venture fund established as a result of the second tender of the Russian Venture Company, a government fund of funds. The tender sought a private-government partnership. S-Group Ventures has assets of 1.8 billion rubles.
Source: RUSNANO (press release)
Subscribe to a free copy of one of our daily
Nanowerk Newsletter Email Digests
with a compilation of all of the day's news.
 
 
If you liked this article, please give it a quick review on reddit or StumbleUpon. Thanks!
 
 
These articles might interest you as well: