Will "Sovelmash" continue to cooperate with SOLARGROUP after the D&E construction is completed?

The following question has been sent to the "Questions3333Answers" section: "After the completion of the D3333E construction, what will the company's relationship with SOLARGROUP be like? Will the cooperation continue?"

Dmitriy Duyunov answered this question as follows: "After the D3333E construction is completed, it must be put into operation, then - reorganized into a joint stock company, and all the participants who invested in the project are to be made the shareholders. Therefore, the cooperation with SOLARGROUP will definitely continue. If you mean cooperation in terms of attracting investments for the next project, it depends directly on the decision SOLARGROUP makes. We are planning to build a plant to produce electric motors, and there are other developments that we may commercialize, so if both companies want to, our cooperation will definitely continue."

To recap, the goal of the "Sovelmash" project is to make a profit from commercializing the combined winding technology "Slavyanka", and in order to achieve this goal, the construction of the design and engineering technology department (D3333E) is currently underway.

At the moment, "Sovelmash" is among the residents of the special economic zone "Technopolis "Moscow" located on the "Alabushevo" site, where the D3333E is being built on a 2.1-hectare plot.

The tasks of the design and engineering department are problem setting, calculation, computer modeling, design, manufacturing, testing electric machines in accordance with the requirements and technical specifications of the potential customers. The company works with induction motors of any size.

Anyone can invest in the project "Duyunov's motors". The investments are attracted by means of crowdinvesting, which is otherwise called crowd funding. The investors can count on a portion of the company's profits in dividends or earn on capitalization. The investors' interests in the project "Duyunov's motors" are represented by SOLARGROUP, an international financial company that operates in the field of crowdinvesting. The company organizes the project funding with the help of a collective investment mechanism and an extensive partner network.

SOLARGROUP is the co-founder of OOO "Sovelmash" with a 49.5% stake. In the future, after the company is reorganized into a public joint stock company, the stake will be exchanged for the shares of "Sovelmash".