A new product developed by Evropeyskaya Elektrotekhnica reduces the time needed for mounting termination and transition joints for self-regulating heating cables by 30%

A new product developed by Evropeyskaya Elektrotekhnica reduces the time needed for mounting termination and transition joints for self-regulating heating cables by 30%

September 7, 2018. Moscow — Engineering Center Evropeyskaya Elektrotekhnica LLC has successfully completed the development of special sets for connection, input, and termination of self-regulating heating cables. Engineering Center Evropeyskaya Elektrotekhnica LLC is the main operational company of Evropeyskaya Elektrotekhnica Group of Companies (hereinafter, the Group).

The new product extends the Group's range of innovative products. Serial production and sales of electric heating systems were launched in Q2 2018, which are already in demand among the largest oil and gas companies in Russia and neighboring countries, as well as other customers (find out more here).

Customers who purchase self-regulating heating cables — a new product offered by Evropeyskaya Elektrotekhnica — will enjoy the following advantages:

·         Time for mounting joints reduced by 30%;

·         A flexible approach to mounting termination and transition joints because of their versatility;

·         Mounting joints at heated facilities without using any additional protective equipment when working in extremely high temperatures (250°C);

·         A more reasonable price compared with competing offers;

·         Lower costs: there is no need to use an additional expensive mounting tool.

The developed products comply with the requirements of Technical Regulations of the Customs Union TR CU 012/2011 “On Safety of Equipment for Work in Explosion Hazard Environment,” the requirements of the voluntary certification system in the field of industrial and environmental safety SertPromBezopasnost, as well as fire safety requirements.

The products have the following certificates:

·         Certificate of Conformity TR CU 012/2011 No. RU S-RU.MYU62.V.05840,

·         Voluntary Certificate of Conformity with Fire Safety Requirements No. APB.RU.OS006/2.N.00017,

·         Voluntary Certificate of Conformity in the Field of Industrial and Environmental Safety No. S-EPB.001.TU.00647.

Ilya Kalenkov, General Director of PJSC Evropeyskaya Elektrotekhnica, commented on the market launch of the innovative product: "The main task we set ourselves when developing this product was to ensure a quick and easy installation process for the heated cables. The product outperforms other modern counterparts manufactured by foreign and domestic leaders on the market in terms of operating temperature, processability, versatility, minimal use of required tools, and cost reduction.

These products are already used for engineering and mounting our EE-HITFLEX electric heating systems.

We expect the new development to be widely used wherever heating cables are needed (including cables from other producers), as well as in a number of sectors of the Russian economy and in other countries where Evropeyskaya Elektrotekhnica Group of Companies operates."

About the Group of Companies PJSC Evropeyskaya Elektrotekhnica

PJSC Evropeyskaya Elektrotekhnica (MOEX: EELT) provides comprehensive services in the sphere of creating energy and electric power supply systems, electric lighting systems, and low current systems at all types of facilities, as well as industrial electric heating systems.

The Company has been working in the electrical engineering market since 2004, and at present has its own engineering and production facilities. The Company is one of the leading distributors of electrical equipment in Russia, offering customers a wide range of products made both in Russia and abroad. Thanks to a well-organized and efficient logistics system, the Company is able to supply products (including oversize loads) all over Russia, including to hard-to-reach areas of the North, as well as Belarus, Kazakhstan, Turkmenistan, Kyrgyzstan and Uzbekistan. The Company established its own production of transformer substations, electric switchboard equipment of any complexity (up to 6300A), electric lighting systems and electric heating systems.

The Company implements projects in the Oil&Gas sector, electric power sector, nuclear industry, metal industry, mining industry, and manufacturing industry and at transport infrastructure facilities. Evropeyskaya Elektrotekhnica's customers include companies such as Rosneft, Gazprom, NOVATEK, LUKOIL, and Nizhnekamskneftekhim. The Company's projects include Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, and the Domodedovo, Sheremetyevo, and Pulkovo airports, etc.

Since 2018, the Group has been producing highly efficient modular process equipment for clients in Oil&Gas and petrochemical markets at the site of its subsidiary ROG-Engineering, a research and production company in Ufa (Republic of Bashkortostan, Russia).

Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

The number of employees is about 400 (as of June 30, 2018). Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.

In June 2018, the Company was named "Leader of Import Substitution" at the "Leader of Competitive Sales" annual national awards, in which 450 domestic suppliers from various industries took part.

Contacts:

PJSC Evropeyskaya Elektrotekhnica

Tel .: +7 (495) 640-93-48

Mailing address: Building 3, 1 Lyotchika Babushkina St., Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 640-93-48, ext. 164       

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