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Posted: Sep 07, 2011

RUSNANO and NEC Corporation Sign Memorandum of Understanding

(Nanowerk News) On September 5, 2011, RUSNANO and NEC Neva Communications Systems signed a memorandum of understanding paving the way for long-term strategic cooperation in telecommunications and IT for public safety and for development of smart grids to supply energy.
RUSNANO and NEC Corporation Sign Memorandum of Understanding
RUSNANO Deputy CEO Andrey Malyshev (left) and NEC Neva Communications Systems General Director Raymond Armes.
RUSNANO Deputy CEO Andrey Malyshev and NEC Neva Communications Systems General Director Raymond Armes signed the memorandum on behalf of their respective organizations. The ceremony, which took place in Moscow, was attended by senior management of both companies: RUSNANO CEO Anatoly Chubais, NEC Corporation President Nobuhiro Endo, NEC Corporation Vice President Toshiya Matsuki, and NEC Europe President and CEO Naoki Iizuka.
RUSNANO and NEC Neva intend to create a working group to guide progress in the areas they have chosen for collaboration. The parties will undertake joint studies, exchange information, and develop and carry out projects that are of mutual interest.
Established in 1899, today NEC Corporation is an international leader in the integration of information and network technologies. The company's state-of-the-art technologies and expertise enable it to satisfy growing and ever-changing needs of its clients worldwide. The corporation uses its century-plus experience in technological innovation to expand opportunities for individuals, businesses, and the public.
NEC Neva Communications Systems was founded in May 1997 as NEC Corporation's representative in Russia. Since then it has produced NEAX digital stations and provided design and systems integration services to Russian customers. Since 2009 the company has been a wholly owned subsidiary of NEC Corporation.
RUSNANO was founded in March 2011 as an open joint stock company through reorganization of state corporation Russian Corporation of Nanotechnologies. RUSNANO's mission is to develop the Russian nanotechnology industry through co-investment in nanotechnology projects with substantial economic potential or social benefit. The Government of the Russian Federation owns 100 percent of the shares in RUSNANO. Anatoly Chubais is CEO and chairman of the Executive Board of RUSNANO.
Work to establish nanotechnology infrastructure and training for nanotechnology specialists, formerly conducted by the Russian Corporation of Nanotechnologies, has been entrusted to the Fund for Infrastructure and Educational Programs, a non-commercial fund also established through reorganization of the Russian Corporation of Nanotechnologies.
Source: RUSNANO (press release)
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