Thursday, June 23 2022 16:08
Alina Hovhannisyan

ARARATBANK to act as a major sponsor of UAV contest in Armenia

ARARATBANK to act as a major sponsor of UAV contest in Armenia

ArmInfo. ARARATBANK OJSC will act as a major sponsor of the "Hawk 2" contest of unmanned aerial vehicles (UAVs), which is implemented by the Educational Foundation named after Karen Vardanyan and the Union of Advanced Technology Enterprises (UATE).

Today, on June 23, Chief Executive Officer of ARARATBANK OJSC Mher Ananyan, Executive Director of the Karen Vardanyan Educational Foundation Suren Vardanyan and UATE Executive Director Hayk Chobanyan signed the respective Memorandum of Cooperation.

As Suren Vardanyan said, the contest will be held on September 10 and September 11 in Lernapat village (Lori region), where the construction of an airport for UAVs is to begin. According to him, 106 teams submitted applications for participation, of which 6 are professionals, 11 are amateur or newly created organizations, and 89 are represented by school teams. Whereas a year earlier, when the contest was held for the first time, the participants were 16 school teams, 6 amateur and 2 professional teams.

In a conversation with ArmInfo correspondent, Vardanyan noted that one of these days the Foundation should receive confirmation from the Ministry of Territorial Administration and Infrastructures in order to start the construction of the airport building. "The design work has been completed, and once we receive the necessary documents and start construction in July, we will complete in November," he said.

Chairman of the Board of Trustees of Karen Vardanyan Educational Foundation, Avetik Kerobyan added that this year the number of participants from the regions of Armenia has gone up, while the previous year the teams from Yerevan prevailed. He also said that following the results of last year's contest, it was decided to organize preparatory courses for the production and operation of UAVs, in which 57 people took part. As a result, new teams were formed and new specialists were involved. It is noteworthy that the number and quality of participating teams is growing rapidly. In particular, according to Kerobyan, a number of teams of students, as a result of retraining, moved to the class of "amateur" teams, and those, in turn, moved to the team of professionals.

Chief Executive Officer of ARARATBANK OJSC Mher Ananyan, in turn, noted the importance of supporting such initiatives, which are carried out for the benefit of the nation.

Mher Ananyan noted that the recent sad events showed that having bright, creative ideas, Armenia did not always succeed in generating them and getting results.

In a conversation with ArmInfo, UATE Executive Director Hayk Chobanyan noted that the high-tech sector should develop rapidly in Armenia, since this is one of the main areas that can solve security issues.  In this vein, he attached importance to stimulating engineering and technology education, creating technology start-ups.  "We need popular participation in such initiatives to secure a sustainable future," he said.

Chobanyan also pointed to a growing trend in the number of those interested in the participation in such programs and contests. In particular, according to the results of the Hawk contest held for the first time in 2021, the first UAVs have already been manufactured, but from year to year, as he assured, it will be possible to register more serious results. "Perhaps in the near future, in the context of 1-2 years, we will position ourselves in the world as a country that provides the best solutions in this area," he said.

When asked whether the state is involved or encourages such projects, Chobanyan noted that at this stage this cooperation is exclusively of the private sector. "But I believe that the state will join at some stage and will not be able to stand aside, since this is a national program," the Head of UATE said.

It should be noted that the contest for school teams will be held on September 10, and the contest for amateurs and professionals on September 11. The teams are assigned a task of producing and testing UAVs: navigating in the area, identifying and distinguishing objects; delivering goods; and spraying farmland.  In the summer of 2021, the Union of Advanced Technology Enterprises (UATE), the Educational Foundation named after Karen Vardanyan made a statement on fundraising for the construction of an UAV airport in the village of Lernapat, Lori region. In a record 20 days, joint efforts managed to raise the funds necessary for the construction of the complex and infrastructures. According to preliminary estimates, the start of construction required financial investments in the amount of $110,000.

In October 2020, the family of Karen Vardanyan, the leading IT expert in Armenia, the founder of the "Armath" engineering laboratories, who passed away in 2020, issued a statement in which they announced their intention to initiate a fundraising for the production of unmanned aerial vehicles (UAVs), which was the big dream of Vardanyan himself.

Araratbank was founded in 1991. The Bank provides innovative and high-quality services to both individuals and legal entities, using state-of-the-art technologies and creating a unique business culture in the bank-client relationship. The bank's branch network includes 51 branches.

 

POST A COMMENT
Input digits     


News
Armenia scares with its high prices: Economist sounds alarm due to  reduction in exports of servicesArmenia scares with its high prices: Economist sounds alarm due to  reduction in exports of services
Large crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 millionLarge crayfish farming complex to be built in Shirak: volume of  investments totals AMD 300 million
Eurowings launches Berlin-Yerevan-Berlin flightsEurowings launches Berlin-Yerevan-Berlin flights
Russia bans sugar exports; 28 thousand tons allowed to be exported to  ArmeniaRussia bans sugar exports; 28 thousand tons allowed to be exported to  Armenia
The Power of One Dram to the Road of Life Charitable OrganizationThe Power of One Dram to the Road of Life Charitable Organization
EBRD to provide Armenia with EUR 9.3 million to support green  technologiesEBRD to provide Armenia with EUR 9.3 million to support green  technologies
WB recommends Armenia to develop investment strategy; revise  20-year-old sectoral lawWB recommends Armenia to develop investment strategy; revise  20-year-old sectoral law
In Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-yIn Jan-March 2024, Armenian state budget revenues increased by AMD41  billion y-o-y
Ardshinbank CJSC has announced about the launch of a new  refinancing business loanArdshinbank CJSC has announced about the launch of a new refinancing business loan
WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia WB expert on lack of economic diversification in terms of trade  partners and export products of Armenia 
EAEU agreement on mutual recognition of documents on academic degreesEAEU agreement on mutual recognition of documents on academic degrees
Intellectual property protection of key importance for economic  development and investment environment - premier Intellectual property protection of key importance for economic  development and investment environment - premier 
Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024
Government approves ratification of agreement on determining origin  of goods exported from EAEUGovernment approves ratification of agreement on determining origin  of goods exported from EAEU
FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights 
Armenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support programArmenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support program
Team becomes TUMO`s main technology partner Team becomes TUMO`s main technology partner 
Armenia to allocate over $6 million to host EBRD Annual MeetingArmenia to allocate over $6 million to host EBRD Annual Meeting
Turnover tax doubled in Armenia Turnover tax doubled in Armenia 
Budget programme performance mechanism to be introduced in Armenia Budget programme performance mechanism to be introduced in Armenia 
Expert: Stimulating employment is critical in fight against poverty  in ArmeniaExpert: Stimulating employment is critical in fight against poverty  in Armenia
Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current yearArmenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAUScientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
Renshin to build World Trade Center in YerevanRenshin to build World Trade Center in Yerevan
Armenia`s MIA, ADB discuss disaster risk management engagement  opportunitiesArmenia`s MIA, ADB discuss disaster risk management engagement  opportunities
Acba Bank to start public placement of its next USD, AMD bonds on May  2Acba Bank to start public placement of its next USD, AMD bonds on May  2
Martin Galstyan points out lending activity in Armenia`s banking  system Martin Galstyan points out lending activity in Armenia`s banking  system 
Central Bank Governor: external demand is more restrained than last  yearCentral Bank Governor: external demand is more restrained than last  year
WB approves $116 million for Armenia in support of green, inclusive  and sustainable developmentWB approves $116 million for Armenia in support of green, inclusive  and sustainable development
CBA further reduces refinancing rate to 8.25% from 8.5% CBA further reduces refinancing rate to 8.25% from 8.5% 
Idram and IDBank at Career City FestIdram and IDBank at Career City Fest
Deputy premier: WB is not only donor organization, but also important  partner for ArmeniaDeputy premier: WB is not only donor organization, but also important  partner for Armenia
Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%
Over 10 cases initiated against biometric personal data processorsOver 10 cases initiated against biometric personal data processors
IT companies increased tax payments to state budget by 3.5%IT companies increased tax payments to state budget by 3.5%
High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming 
Moscow reacts to gas overtures between Yerevan and Baku Moscow reacts to gas overtures between Yerevan and Baku 
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
Read more


Exchange rates
06.05.2024
RUB4.260.03
USD387.920.60
EUR417.831.73
GBP487.811.41
CAD283.670.15
JPY25.22-0.08
CNY53.820.33
CHF428.311.46