Rueil-Malmaison (France), July 23, 2012 – The Skolkovo Foundation and Schneider Electric, the global specialist in energy management, signed an agreement to create a new R&D center in Russia's Skolkovo Innovation City.
The in-house R&D center, with a workforce of more than 100 employees by 2016, will be working to create an advanced energy distribution management system for electricity networks, develop standalone generator control systems and other innovative solutions. Around 90% of the company's staff at the R&D center will be research personnel.
Viktor Vekselberg, President of the Skolkovo Foundation said, "Cooperation with companies such as Schneider Electric, who are leaders in their field and instrumental in imposing new standards, is especially important to us. It is also worth noting that the company, in addition to researching their own solutions, will be participating directly in developing the smart grid system for the Skolkovo Innovation City".
Jean-Pascal Tricoire, President & CEO of Schneider Electric, said: "Opening our new R & D center in Skolkovo Innovation City, we are delighted to establish ourselves in the heart of the new Russian technology and innovation hub. Through this agreement, we reaffirm our long-term strategic plan to invest for innovation in Russia ".
The agreement was signed by Viktor Vekselberg, President of the Skolkovo Foundation, Conor Lenihan, Vice-President for International Business of the Skolkovo Foundation, Jean-Pascal Tricoire, President & CEO of Schneider Electric, and Jean-Louis Stasi, President of Schneider Electric Russia, during the 2012 St. Petersburg International Economic Forum.
Jean-Pascal Tricoire, President & CEO of Schneider Electric, and
Conor Lenihan, Vice-President for International Business of the Skolkovo Foundation,
at the signing ceremony during the 2012 St. Petersburg International Economic Forum.
About the Skolkovo Foundation
The Skolkovo Foundation is a scientific and technological center responsible for developing and commercializing advanced technologies. It is a non-profit organization founded by the Russian President in September 2010. The aim of the Foundation is to mobilize Russia's resources in the field of advanced applied research and to create an environment conducive to scientific research across five priority areas of technological progress: energy and energy efficiency, space, biomedicine, nuclear technology and IT. The project involves the creation of the Skolkovo Institute of Science and Technology ("SkolTech"), research centers, a business incubator, a technology transfer and commercialization center, representative offices of foreign companies and R&D centers, residential accommodation and social infrastructure, as well as subsequently promoting the effective system to other regions of Russia engaged in innovative activities. The activities of the Skolkovo Innovation Center are governed by a special law, which grants special economic conditions to its resident companies.
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructures, Industries & Machine manufacturers, Non-residential buildings, Data centers & Networks, and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group’s 130,000 plus employees achieved sales of 22.4 billion euros in 2011, through an active commitment to help individuals and organizations make the most of their energy.