OREANDA-NEWS. October 11, 2011. At its meeting, the Board of Directors approved RUSNANO’s participation in a project to establish modern production of high-performance construction materials and related items for the aviation and space, energy, and mechanical engineering sectors. The project will employ granular metallurgy technology to manufacture its goods. Products will include disks of rapidly tempered, heat-resistant nickel alloy for gas turbine engines and installations. By permitting an increasing in the temperature of gas from 1530°С to 1750°С at pipe entry, these disks increase draft by 15 percent to 20 percent and make it possible to reduce the overall size of the engine by 10 percent to 15 percent. These are particularly important changes for aircraft engines, as they reduce the craft’s fuel use and extend its flight range. The project will also produce nanostructured armature for the construction sector.

The Board of Directors of RUSNANO approved a number of transactions for the earlier-authorized project Establishing GMP Production of Nanovaccines and Therapeutic Biopreparations Derived from Pseudoadenoviral Nanoparticles and Nanostructures Containing Carbohydrate-Binding Domain. In these transactions, member of the Executive Board of RUSNANO Andrey Malyshev is an interested party. Similarly, the board approved a transaction for acquisition of 75 percent less one share of RUSNANO USA, Inc., which earlier belonged to RUSNANO subsidiary RUSNANO Metrology Center. Member of the Executive Board of RUSNANO Andrey Svinarenko is an interested party in that transaction. It is expected that the remaining shares (25 percent plus one share) of RUSNANO USA, Inc. will be purchased by the Fund for Infrastructure and Educational Programs.

The Board of Directors approved measures to strengthen the financial standing of the company and to implement a project to establish the first large-scale complex in Russia for production of polycrystalline silicon. In the latter, measures include authorizing RUSNANO to take an equity position in the company.

Finally, the Board of Directors approved changes in internal normative acts of the company, In particular, it acknowledged that with the endorsement of Principles for Participation of RUSNANO in Investment Funds during 2011–2015, the normative act Procedure and Format for Participation of RUSNANO in Venture and Seed Funds in Nanotechnology is no longer in force.

Final details of RUSNANO’s new investment project will be published after investment agreements have been signed by their participants.