George Gogolev

Arcanum Alloys is a technology-driven company developing a new class of metal alloys and method of steel production. By integrating technologies from diverse high-tech industries, Arcanum is creating materials that will improve performance, reduce total manufacturing cost, and reduce customer lead times versus existing products. Our proprietary technology will redefine industrial metallurgical processes that have remained essentially unchanged for more than a century.

In June 2010 the Board of Directors of RVC has approved the Conceptual Framework of RVC Biofund. In early 2011, the fund started its operations. The Biofund was necessitated by a low share of Russian innovative drugs, amounting today to less than 1%. With virtually zero infrastructure to develop biopharma and medical start-ups, foreign services devour 50% to 80% of Russian investment resources. To remedy this, RVC BioFund will be investing capital into service companies of this cluster and biotech start-ups. Additionally, it will be launching an ecosystem to generate and incubate as many biotech projects as possible. The Fund focus covers innovative biopharma companies and service companies providing contract, laboratory, analytical and consulting services to biotechnological, pharmaceutical and medical companies.

Modumetal® is a new class of materials that represents a disruptive change in both the performance and manufacturing efficiency of advanced materials. Modumetal is addressing the limitations of current metals in corrosion, wear, fatigue and weight. The market for Modumetal materials exceeds $2 trillion worldwide. Modumetal is a layered alloy, similar in structure to plywood, but comprising layers that are on the order of nanometers in thickness. Modumetals are superior in mechanical, corrosion, wear and thermal performance, but are comparable in cost to conventional non-layered metals. Nanolayered alloys cannot be produced by conventional heat-based metallurgical processes. Modumetal is produced by a patented, sustainable manufacturing process that uses electricity as the direct input form of energy and enables the production of the nano-layered materials at an industrial scale and a competitive price. The Modumetal process represents a major shift in the way metals are manufactured. It affords inherent efficiencies in end part manufacturing and reduces demand for metal raw materials.

Airborne is the technology leader in advanced composites, specialized in the industrialisation of engineering and manufacturing of durable fiber reinforced composites for Space, Aeronautics and Marine industries. With our 25 years heritage in composites, we provide our clients with high-end composite solutions either directly through advanced manufacturing of components or by developing industrialisation packages which we implement at manufacturers of choice. Airborne’s focus is on high-end composite components, at high production rates at radically low conversion costs. In total, a dynamic group of about 150 employees work at Airborne, at all levels, and from various backgrounds and nationalities. We have departments for manufacturing, engineering, quality assurance, financial administration, purchasing and support staff. At Airborne we know that innovation in manufacturing through automation, digitalisation and advanced analytics is the catalyst for the significant increase in productivity that companies need to stay competitive. We understand the complexity and cost involved in producing composite products for demanding applications in highly regulated industries. Our legacy in advanced composites manufacturing makes us experts in developing and delivering automated solutions that enable our customers to achieve high production rates and radically low conversion costs.

Arcanum Alloys is a technology-driven company developing a new class of metal alloys and method of steel production. By integrating technologies from diverse high-tech industries, Arcanum is creating materials that will improve performance, reduce total manufacturing cost, and reduce customer lead times versus existing products. Our proprietary technology will redefine industrial metallurgical processes that have remained essentially unchanged for more than a century.

For over 20 years, Pangaea Ventures has been at the forefront of hard tech innovation. We leverage our expertise to support groundbreaking companies that have the potential to reshape industries and solve for some of the planets biggest problems. We seek to generate meaningful returns for our investors by backing breakthrough innovations that deliver transformative solutions for planetary health.

Severstal remains a global leader in efficiency, with the highest EBITDA margin in the steel industry globally, positive free cash flow generation throughout the cycle and a track record of achieving its targets. To deliver additional growth, the Company has updated its already proven strategy - retaining its fundamental advantages but adding new elements. Severstal's new vision is to be a leader of the steel industry of the future and the first choice for its customers, employees and partners. To achieve this, the Company is setting out new strategic priorities to distance itself further from its competitors. These are: superior client experience, cost leadership and embracing new opportunities. All three will be supported by Severstal's advanced corporate culture. Superior client experience - Severstal aims to offer our customers unique selling propositions on each target market; Cost leadership - Severstal's goal is to achieve a significant cost advantage in basic steel products; New opportunities - Severstal's objective is to access and consequently benefit from the use of global cutting-edge technology and new business-models. Implementing this set of objectives will support the Company in reaching its financial target of increasing EBITDA by 10-15% annually for the next 5 years. (This excludes pricing/macro factors.)