Evropeyskaya Elektrotekhnica and Schneider Electric expand dialog at the top level and coordinate strategies on the Russian market

Evropeyskaya Elektrotekhnica and Schneider Electric expand dialog at the top level and coordinate strategies on the Russian market

PJSC Evropeyskaya Elektrotekhnica (hereinafter referred to as "the Company") is one of the leaders on the Russian engineering market.

Schneider Electric SE is a global expert in the field of power management and industrial automation, the largest manufacturer of low and medium voltage components, and a leader in digitalization of power distribution.

The meeting between the heads of the companies was held as part of the large-scale event, Innovation Summit Moscow, which is being held this month at Expocenter on the Krasnopresnenskaya Embankment. The summit consists of more than 100 business meetings with local and international experts, as well over 1,000 square meters of exhibition space, where Schneider Electric experts present innovative solutions.

Representing Schneider Electric, the following participants took part in the meeting:

·         Barbara Frei-Spreiter, Executive Vice President of Schneider Electric (Europe),

·         Johan Vanderplaetse, President of Schneider Electric for Russia and the CIS, Chairman of the Board of the Association of European Business in Russia.

Representing Evropeyskaya Elektrotekhnica, the following participants took part in the meeting:

·         Ilya Kalenkov, General Director,

·         Andrey Smirnov, Deputy General Director for Low and Medium Voltage Solutions.

Ilya Kalenkov, General Director of PJSC Evropeyskaya Elektrotekhnica, commented on this meeting:

“We highly appreciate regular direct contacts with the directorate of Schneider Electric, one of the key vendors (suppliers of components and solutions) on the global and Russian electrotechnical market. These working meetings become a systematic mechanism for a better understanding of market trends and changes in customer expectations; they allow us to adjust our marketing plans and develop trusting personal relationships at the highest level.

The cooperation between our companies has a strong positive impact, both in terms of delivery volumes and complexity of the projects implemented. In 2018, Evropeyskaya Elektrotekhnica produced 220 distribution switchboards (columns) of the Prisma series on a Schneider Electric element base. And in the first quarter of 2019 alone, we have already manufactured and delivered 115 Prisma switchboards (up to 2,500A), for the Bank of Russia's data center project.

The dialog with our partners has shown us that digitalization in Russia is no longer just a fancy word or a declaration of good intentions. Our customers, as industry leaders, are already introducing a wide range of new technologies. These include new electrical equipment with built-in sensors, data acquisition systems, systems of remote monitoring and facility dispatching, and unmanned technological processes.

We are entering the IoT (Internet of Things) era: more than 50 billion different devices might be connected to digital platforms in the coming years, and the full potential in the future could reach one trillion devices. This will inevitably have a drastic impact on the business model of many companies. Market demands and dynamics are constantly increasing. It is extremely important for us to hold a leading position in terms of understanding the ongoing technological revolution and our customers' actual need for these technologies. This concerns both the installation of equipment with built-in digitalization functions, the analysis of data from these devices, and the development of an algorithm that allows for further upgrade of business processes in companies.

The high status of our relationship with Schneider Electric gives our Company immediate access to all the advanced solutions of our French partner, as well as the opportunity for continuous professional development for the experts in our relevant department. I am confident that together we will be able to adequately face the challenges of this new era and offer innovative solutions that meet our customer expectations in Russia and neighboring countries.”

FOR REFERENCE:

Schneider Electric is a global expert in the field of power management and industrial automation. Schneider Electric offers integrated energy-efficient solutions for electric power and infrastructure, industrial enterprises, civil and residential construction, and data centers. The company's entities operate successfully in more than 100 countries.

The shares of Schneider Electric SE (SCHN ticker) are traded on the world's largest stock markets for a market capitalization of over EUR 42 billion (data as of April 17, 2019).

JSC Schneider Electric has offices in 35 cities around Russia and its head office in Moscow. Schneider Electric's production base in Russia consists of five operating plants and two logistics centers. The company also has scientific, technical and engineering centers in Russia. The company has about 10,000 employees in Russia.

Source: https://www.se.com/ru/ru/about-us/press/Contact/

FOR REFERENCE:

Innovation Summit Moscow is held by Schneider Electric from April 15 to April 18, 2019 at Expocenter in Moscow.

Innovation Summit Moscow includes more than 100 business events on relevant market topics and over 1,000 square meters of exhibition dedicated to innovative solutions that help improve efficiency, reduce costs and reach the established sustainable development goals.

Source: https://eu.eventscloud.com/ehome/innovation-summit-moscow/home/

About Evropeyskaya Elektrotekhnica Group of Companies

• Evropeyskaya Elektrotekhnica Group of Companies (MOEX: EELT) offers comprehensive solutions in the field of engineering and technological systems for industrial, construction and infrastructural purposes: low and medium voltage distribution equipment, low current systems, lighting systems, industrial electric heating systems and equipment for the Oil&Gas and petrochemical industries.

• As a Russian joint-stock company with high corporate governance standards and financial sustainability, the Company's Mission is to improve people's quality of life with its entrepreneurial vigour and engineering competencies.

• The Company was founded in 2004 and unites a distribution center, engineering departments, an electrical laboratory and specialized production facilities. The company is one of the largest electrical equipment distributors in the Russian Federation and an industrial partner of leading companies on the international engineering market.

• The Company's logistics capabilities include delivery (including non-standard and oversize load) to customers throughout Russia, including hard-to-reach Northern areas, as well as to Central Asia, North Africa and the Middle East.

• The Company has its own production of the following equipment:

• Complete transformer substations;

• Medium voltage units;

• Low voltage panels of up to 6,300A (including metro solutions);

• Electric lighting systems;

• Industrial electric heating systems;

• Cabling and wiring products.

• Areas of application of the Company's competences:

• Oil&Gas industry;

• Electric power sector;

• Peaceful atom,

• Steel and mining industry;

• Engineering;

• Transport infrastructure, water supply and sanitation.

• Evropeyskaya Elektrotekhnica's customers include major Russian companies: Rosneft, Gazprom, NOVATEK, LUKOIL, Sibur and Nizhnekamskneftekhim. Supplies were successfully implemented for the following projects: Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, the Domodedovo, Sheremetyevo, and Pulkovo Airports, etc.

• New areas of Company activity starting from 2018 include development and production of the following:

• Modular equipment for the Oil&Gas and petrochemical industries (Company subsidiary ROG-Engineering, Ufa, Republic of Bashkortostan, Russian Federation);

• Industrial specialized solutions for metro substations (currently being consolidated into the Group's structure: Metrotonnel, Moscow, Russian Federation);

• Industrial electric heating systems.

• Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

The personnel headcount is around 400 people. 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 Import Substitution Leader 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 (800) 600-71-18

Mailing address: 1 Lyotchika Babushkina Street, Building 3, Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 660-71-18 ext. 164

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