Armenia and Schneider Electric agree on exchange of technological experience and stimulation of further development of innovative ecosystem

ArmInfo. Minister of Economic Development and Investments of Armenia Suren Karayan and Deputy Chairman for Business Development and Strategy of Schneider Electric in Russia and CIS Armen Badalov signed a Memorandum of Understanding on the development of scientific and technological programs.

According to the press service of the Ministry, an agreement has been reached to exchange technological experience and stimulate the further development of an innovative ecosystem in Armenia.

Armen Badalov, presenting the company's programs in Armenia, stated that Schneider Electric's interest in the republic is due to the indicators of economic growth and the enormous potential of architectural thought.

Schneider Electric is a global expert in energy management and automation. 160,000 employees of the company, whose turnover in the financial year 2016 amounted to about 25 billion EUR, work in more than 100 countries, helping customers manage energy and technological processes in the most secure, reliable, efficient and environmentally friendly way. Schneider Electric's technologies, programs and services allow customers to improve management and improve the automation of their operations: whether they are the simplest switches or complex industrial systems.

In March this year CJSC , part of the "Tashir" group of companies, and the French company Schneider Electric, a world expert in energy management and automation, signed a memorandum of cooperation. The companies agreed on multilateral cooperation in energy, production and training. The parties plan to jointly participate in the program of modernization of the electric grid infrastructure of Armenia, taking into account the best available world technologies. The group of companies Tashir and Schneider Electric are planning to explore the possibility of industrial cooperation aimed at the engineering and production of modern electrical equipment and automation systems for deliveries within the framework of the Eurasian Economic Union.

In addition, the Center of Excellence at the Polytechnic University, created thanks to the efforts of the famous French power machine building company Schneider Electric and the Russian Tashir, was opened in Yerevan on June 5. In the laboratory created on the basis of equipment, Schneider Electric will train its students with modern energy and automation technologies.