LED substrates to be produced in Vladimir

OOO MSLR and OAO Tochmash (a part of TVEL Fuel Company) have signed Premises and Equipment Lease Contracts. According to the documents, the Russian-Israeli company will produce LED substrates using patented Israeli ALOX™ technology.

The list of investors includes: RUSNANO, the venture capital fund under management of Innovatsionnye Resheniya that was established with the participation of RVC, and Micro Components Ltd (the Israeli company that developed the technology).

The total budget of the project equals 868M roubles.