PJSC Evropeyskaya Elektrotekhnica begins to apply innovative fireproofing products by Atominoprom in the Company's projects

PJSC Evropeyskaya Elektrotekhnica begins to apply innovative fireproofing products by Atominoprom in the Company's projects

December 29, 2018. Moscow – PJSC Evropeyskaya Elektrotekhnica (hereinafter referred to as the "Company" or the "Group"), one of the Russian engineering market leaders, announces the start of a strategic cooperation with Russian developer and producer of high-tech fireproofing products, LLC Atominoprom.

LLC Evropeyskaya Elektrotekhnica Engineering Center, a subsidiary of the Group, acquired the status of Official Distributor of LLC Atominoprom in December 2018, which is stated on our Partner's official website (https://atominoprom.ru/dilery).

Ilya Kalenkov, General Director of PJSC Evropeyskaya Elektrotekhnica, commented on this event: "Atominoprom have managed to develop fireproofing coverings with high characteristics, which do not have any direct counterparts on the global market. We see a significant potential in delivering these materials in the framework of our numerous projects with Russian nuclear sector’s companies, both in Russia and in other countries where Russian nuclear and energy technologies are promoted on the market. There are also interesting opportunities for delivering these products to Oil&Gas customers, precision engineering companies, and premium-class commercial facilities (trade and office centers). I would like to emphasize the contribution that our recent cooperation is making to the process of phasing out imports in the domestic economy. At the same time, our customers receive a solution that is unmatched around the world.”

REFERENCE:

Atominoprom is a developer and producer of high-tech fireproofing products based on low-molecular and high-molecular rubbers, basaltic and silicate products, as well as passive fireproofing systems united under one brand, INZA, which are certified for use in nuclear power plants, and petrochemical and Russian defense facilities. The company has over 10 years of design and engineering experience and is able to offer comprehensive engineering solutions. The Company delivered fireproofing materials to Kalininskaya NPP, Leningradskaya NPP, Belarusian NPP, and Rooppur NPP (Bangladesh).

About the Group of Companies PJSC Evropeyskaya Elektrotekhnica

PJSC Evropeyskaya Elektrotekhnica (MOEX: EELT) provides comprehensive services in the sphere of creating energy and electric power supply systems, electric lighting systems, and low current systems at all types of facilities, as well as industrial electric heating systems.

The Company has been working in the electrical engineering market since 2004, and at present has its own engineering and production facilities. The Company is one of the leading distributors of electrical equipment in Russia, offering customers a wide range of products made both in Russia and abroad. Thanks to a well-organized and efficient logistics system, the Company is able to supply products (including oversize loads) all over Russia, including to hard-to-reach areas of the North, as well as Belarus, Kazakhstan, Turkmenistan, Kyrgyzstan and Uzbekistan. The Company established its own production of transformer substations, electric switchboard equipment of any complexity (up to 6300A), electric lighting systems and electric heating systems.

The Company implements projects in the Oil&Gas sector, electric power sector, nuclear industry, metal industry, mining industry, and manufacturing industry and at transport infrastructure facilities. Evropeyskaya Elektrotekhnica's customers include companies such as Rosneft, Gazprom, NOVATEK, LUKOIL, and Nizhnekamskneftekhim. The Company's projects include Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, and the Domodedovo, Sheremetyevo, and Pulkovo airports, etc.

Since 2018, the Group has been producing highly efficient modular process equipment for clients in Oil&Gas and petrochemical markets at the site of its subsidiary ROG-Engineering, a research and production company in Ufa (Republic of Bashkortostan, Russia).

Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

The number of employees is about 400 (as of June 30, 2018). Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.

In June 2018, the Company was named "Leader of Import Substitution" at the "Leader of Competitive Sales" annual national awards, in which 450 domestic suppliers from various industries took part.

Contacts:

PJSC Evropeyskaya Elektrotekhnica

Tel .: +7 (495) 640-93-48

Mailing address: Building 3, 1 Lyotchika Babushkina St., Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 640-93-48, ext. 164       

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