Angstrom

OJSC Angstrom is a Zelenograd company created for the design, development, production and sale of electronic equipment products. The company carries out scientific, scientific and technical activities in the field of technology and design of semiconductor structures and their implementation.

OJSC Angstrom is one of the leading enterprises of Russian microelectronics, being among the leaders in the production of electronic component base. Design, development, production and implementation of electronic equipment products. Scientific and technical activity in the field of development of modern technologies and design of semiconductor structures.

Founders

According to the Unified State Register of Legal Entities for May 2014, Roselectronics owns about 31% of Zelenograd's Angstrom OJSC: 25% directly and about 6% indirectly through subsidiaries. Thus, 2.45% of Angstrom is owned by Roselectronics through CJSC Concern CE, where Roselectronics owns 40%. CIE Concern itself owns 6.14% of Angstrom.

The rest of the shares of Angstrom owned by Roselectronics have been sprayed. For example, about 1.25% of Angstrom is owned by Roselectronics through Logika CJSC, which, in turn, owns CIE Concern by 20%. Even less than 1% of Angstrom belongs to Roselectronics through the Elma company, which owns Concern CE by 20% (in Elma, the Roselectronics holding owns approximately 24.8%).

The companies "Contractfinancgruppe" and "Angstrom-Invest" each own 25% of OJSC "Angstrom." According to CNews, Contractfinancgruppe and Angstrom-Invest are affiliated with the former Minister of Communications of Russia and ex-adviser to the President of the Russian Federation Leonid Reiman.

11% of the enterprise is owned by Sitronics.

History

2024

Cancellation of a deferral to pay a debt of 17 billion rubles to ВЭБ.РФ

On November 28, 2024, it became known that the state development corporation "ВЭБ.РФ" achieved the cancellation of the decision to postpone the payment of 17.8 billion rubles of debt from the Zelenograd enterprise "Angstrom." According to estimates by the Federal Tax Service (FTS), bankruptcy threatens this company without state support.

In June 2023, the Moscow Arbitration Court satisfied ВЭБ.РФ 's claim to recover 17.8 billion rubles from Angstrom, and in December of the same year, the company, through the court, asked for a delay in the execution of the decision. In May 2024, the Ninth Arbitration Court granted a delay to Angstrom for three years. But, according to CNews, the company subsequently lost it. The statement of "ВЭБ.РФ" for the termination of a delay was supported by Minpromtorg.

ВЭБ.РФ uses all available legal tools for protection, "said representatives of the state development corporation.

During the court hearings, the conclusion of the Federal Tax Service was presented, according to which Angstrom has 108 enforcement proceedings in the amount of 147.6 billion rubles. In addition, there are pending litigation in the amount of more than €500 million. It is also said that Angstrom does not have the opportunity to fully execute judicial acts to recover debts from it. Thus, as stated in the documents, the delay will not lead to the fact that obligations to the "ВЭБ.РФ" will be fulfilled. Angstrom, as emphasized, did not confirm that, if the delay is further preserved, it is guaranteed to comply with the court's decision to pay the debt.

The Federal Tax Service concludes that without systematic state support in the form of subsidies, the continuation of the financial economic activities of the company [Angstrom] is impossible, the case file says.[1]

Launch of microcontrollers for smart home systems

Angstrom, a resident of the Technopolice Moscow special economic zone, has begun mass production of universal microcontrollers for smart systems with a production capacity of 100 thousand devices per year. This became known in November 2024.

According to Moskva24, the company's investments in production development exceeded ₽1 billion. 1080 specialists participate in the implementation of projects.

In Moscow, launched the production of microcontrollers for smart home systems

Anatoly Garbuzov, head of the Moscow investment and industrial policy department, stressed that in November, microcontrollers manufactured by Angstrem were included by the Ministry of Industry and Trade in the list of domestic products, which provides priority access to purchases of state-owned companies.

The new microcontrollers attract the attention of manufacturers of industrial automation systems, the Internet of Things, smart networks, security systems and alarms. The eight-bit microcontroller has been upgraded to meet modern market requirements.

The company is also developing a universal 32-bit microcontroller as part of the Route-1P project. The chip programmer is equipped with a USB interface and functions for writing, reading and deleting information.

Founded in 1963, Angstrom is one of the pioneers of the domestic electronics industry. Over 60 years of operation, the company has produced more than 10 thousand types of microcircuits for the space, nuclear and telecommunications industries.

Since the beginning of 2024, the company has developed about 150 types of electronic products, of which 107 have already been put into production. All developments are presented in the updated Museum of Microelectronics of Angstrom JSC named after V.V. Grigorievsky.

The company provides import substitution of the electronic component base of the first level, necessary for the development of domestic industry.^[2]

Court demand to pay Zenit Bank ₽1 billion debts

In November 2024, the Arbitration Court of the Moscow District canceled a two-year delay in paying the debt to the microelectronics manufacturer Angstrem JSC and ordered the company to pay the bank Zenith"" more than ₽1 billion. The decision was made despite the objections of the prosecutor's office Moscow and. Ministry of Industry and Trade Russia

According to the Business News Agency, the debt was formed on two loans received in 2013 and 2015 for the amount of ₽424,3 million and ₽607,8 million, respectively.

The court ordered chip manufacturer Angstrom to pay Zenit bank ₽1 billion in debts

The judges of the Moscow district stressed that the case lacks evidence worthy of support that the one-time fulfillment of the established monetary obligation will have a critical impact on the defendant's fulfillment of the state defense order.

Earlier in May 2024, the company received a two-year deferral to pay the debt. Representatives of Angstrom argued the need to postpone the possible disruption of the implementation of the state defense order.

In July 2023, the company received ₽716,6 million from the government reserve fund to a separate account in Promsvyazbank. In November, bailiffs arrested more than 30 bank accounts of the enterprise in six banks, including funds from a state subsidy.

According to the Rusprofile.ru service, Angstrom is a supplier in 327 state contracts with a total value of ₽4,6 billion. The main customers are the Ministry of Industry and Trade and the Ministry of Defense of Russia.

During the trial, it turned out that the total debt of the enterprise to creditors exceeds ₽200 billion. The company was unable to provide the court with an explanation of exactly how the delay would help stabilize the financial situation.

On January 30, 2024, the Deputy Prime Minister of Russia issued a resolution on unblocking and removing arrests from the company's accounts until special notice, but this did not affect the final court decision on the need to pay off debts to Zenit Bank^[3]

Receiving a 3-year reprieve to pay multibillion-dollar debt to ВЭБ.РФ

In October 2024, the Arbitration Court of the Moscow District decided to grant a three-year delay to the Zelenograd microelectronic plant Angstrem to pay debts to the state development corporation ВЭБ.РФ. The court rejected the cassation appeal of ВЭБ.РФ against the earlier decision of the lower instance.

According to CNews, the total amount of Angstrom's debt to ВЭБ.РФ is about ₽220 billion. This debt arose as a result of default on a loan issued in the 2000s for the construction of the Angstrem-T plant.

The court granted Angstrom a delay of 3 years on the payment of multi-billion dollar debt to ВЭБ.РФ

The court took into account the arguments of Angstrom that a one-time debt collection could lead to bankruptcy of the enterprise and disruption of the fulfillment of the state defense order. The company plays a key role in providing the military-industrial complex of Russia with an element component base.

Earlier, the Ministry of Industry and Trade of Russia provided Angstrom with subsidies in the amount of ₽716,8 million from the government's reserve fund. These funds are used to modernize the production base and purchase 51 units of new equipment.

It is planned that by 2027 the company's revenue will grow to ₽5,5 billion, which is four times higher than in 2023. This will allow Angstrom to start paying creditors without disrupting the production process and fulfilling government orders.

The court also took into account that for the period 2025-2027, Angstrom is faced with the task of providing enterprises of the Russian military-industrial complex with reserves of an element component base until 2030 inclusive.

The court's decision to grant the stay was upheld by prosecutors. Moscow The Russian Ministry of Industry and Trade, which initially opposed the postponement, subsequently changed its position.^[4]

Purchase of equipment to increase production by 4 times

In September 2024, it became known that the Zelenograd microelectronic enterprise Angstrom purchased new equipment to increase production four times. The company, despite many years of attempts to bankrupt it, is taking measures to get out of the difficult financial situation and plans to start paying off debts to creditors.

According to CNews, in July 2023, Angstrom received a subsidy of ₽716,7 million from the reserve fund of the Russian government as part of an agreement with the Ministry of Industry and Trade to expand production and increase production volumes. These funds were allocated in accordance with the Decree of the Government of the Russian Federation No. 1867 of October 20, 2022 and became an incentive for the company in the implementation of its ambitious development plans.

Angstrom purchased equipment to increase production by 4 times

In 2022, the volume of orders of the enterprise almost quadrupled compared to 2021 and continues to increase. According to the documents provided, from January to November 2023, the company delivered more than 3.6 million units of products, while in 2021 this figure was 1.08 million units. Within the framework of the government program, Angstrom acquires 51 units of equipment for modernization and expansion of production capacities, which will increase production to more than 14.4 million units per year.

The company expects that the growth in production will lead to an increase in revenue of up to ₽5,5 billion. This indicator, as stated in the documents, will allow the company to begin to satisfy the requirements of creditors. In the long term, Angstrom plans to master the production of products in plastic cases, with the deployment of the corresponding production line by 2030. This will increase production to 90 million units annually.^[5]

The Ministry of Industry and Trade supported the bankruptcy of Angstrom

In September 2024, the Russian Ministry of Industry and Trade supported the bankruptcy procedure of the oldest manufacturer of microelectronics, Angstrom. This decision was made during a meeting of the Moscow Arbitration Court, where the application of the Mirt company to declare Angstrem bankrupt was considered. The bankruptcy case has been going on since 2016, but the procedure has not been started. The Ministry of Industry and Trade filed a petition for the introduction of a monitoring procedure, which actually means the beginning of the bankruptcy process.

According to Vedomosti, the representative of the ВЭБ.РФ, which is one of the main creditors of Angstrom, also supported this petition. According to experts, the observation procedure is the first stage in the bankruptcy process, in which the company continues its activities, but its management is obliged to provide the arbitration manager with all documents and information related to the activities of the enterprise over the past three years. This procedure is a preparatory stage before a possible bankruptcy proceedings, during which the property of the debtor can be sold to satisfy the claims of creditors.

The Ministry of Industry and Trade supported the bankruptcy of the microelectronics manufacturer Angstrom

Angstrom's debt history dates back to 2008, when ВЭБ.РФ issued a loan worth more than €1.3 billion for the construction of a microelectronic component plant. However, the subsidiary of Angstrom-T was unable to fulfill its obligations, which led to its bankruptcy in 2019. In 2023, Angstrom-T's debt to ВЭБ.РФ reached ₽93,8 billion, of which ₽24,7 billion is moratorium interest. As a result, the court ordered Angstrom as a guarantor to pay ₽17,8 billion of this amount.

The introduction of bankruptcy proceedings is a step aimed at solving the company's long-term debt problems, "explained a representative of the Ministry of Industry and Trade.

At the same time, as the source of the publication noted, we are not talking about the termination of the enterprise. On the contrary, the goal is to stabilize the financial situation with the possibility of subsequent expansion of production. However, specific mechanisms, as can be achieved, have not yet been disclosed by September 2024.^[6]

Angstrom, with the support of the prosecutor's office and the Ministry of Industry and Trade, fought off the demands of Bank Zenit to pay billions of dollars in debt without deferral

The Ninth Arbitration Court of Appeal in July 2024 considered the complaint of Bank Zenit against the earlier decision to provide the manufacturer of microelectronics Angstrom with a two-year installment plan to pay the bank a debt of about 921 million rubles and refused to satisfy its claims^[7].

We are talking about the payment of overdue debt on loans opened in 2013-2015, and interest. The debt was recovered from Angstrom back in 2019, the writ of execution was issued in 2020, but it has not yet been recovered, follows from a court ruling published in July 2024. The amount of debt under the executive document is already 1.032 billion rubles and recently, in May, the company was provided with an installment plan for the execution of judicial acts for two years.

Zenit Bank does not want to wait for the debt to be repaid for another two years, so it filed an appeal against the court decision to grant Angstrom a deferral. Angstrom and the Ministry of Industry and Trade received feedback on the bank's appeal with objections. The prosecutor's office of the city of Moscow also supported the decision of the court of first instance to grant a delay and asked to refuse to satisfy the appeal.

Angstrom is a strategic enterprise

Angstrom in court justified the need to grant him a deferral by the fact that in November 2023, in the framework of other enforcement proceedings (as part of litigation with ВЭБ.РФ - note TAdviser), more than 30 of his bank accounts in six banks were arrested, including funds received in 2023 as a subsidy of the Russian government for re-equipment of the production base and modernization of production.

The adoption of measures to enforce debt collection will lead to a breakdown in the fulfillment of the state defense order, which may entail negative consequences for the Russian Federation, representatives of Angstrem said in court.

The Ninth Arbitration Court of Appeal agreed with the microelectronics manufacturer's arguments and pointed out that the circumstances indicated by Angstrom in support of the application for deferral are exceptional and of national importance.

From the evidence available in the case, it follows that the imposition on the defendant of the burden of a one-time payment of all debt may further lead to the bankruptcy of Angstrom, which, in turn, will cause the interested person more damage than in the event of untimely repayment of the debt by court decision. In such a situation, the one-time execution of the judicial act does not contribute to the criterion of developed economic turnover as a whole, the Ninth Arbitration Court of Appeal notes.

The resolution also says that the debtor made arguments and evidence confirming the possibility of stabilizing his financial situation, fulfilling existing contracts, as a result of which the planned cash receipts may allow the actual execution of the court's decision, subject to a delay.

Recall that large sums from Angstrom also require ВЭБ.РФ to pay, in the case of him, about 1.3 billion euros in debt, in particular, Angstrom was also previously granted a deferral (more details - in the blocks below).

Ex-Minister of Communications Leonid Reiman could not sue Angstrom for 50 million rubles of borrowed funds

In early July 2024, the Moscow City Court refused to satisfy the claim of the former Minister of Communications of Russia Leonid Reiman against the Zelenograd microelectronics plant of Angstrom JSC. We are talking about the return of 50 million rubles of borrowed funds.

The Vedomosti newspaper tells about the process. It is alleged that Reiman personally transferred the indicated amount to Angstrom in 2015. Subsequently, the Angstrom-T plant, which is part of the Angstrom group, had difficulties with the implementation of a project to create a new microchip production, and the company was declared bankrupt. In 2019, bankruptcy claims began to be filed with Angstrom JSC itself, and Reiman tried to return the borrowed funds provided.

Ex-Minister of Communications Leonid Reiman could not sue 50 million rubles from Angstrom

In particular, in February 2020, the plaintiff was Alternative Capital LLC, which Reiman solely owns. But the court recognized the agreement of February 2017, according to which the right to claim the debt against Angstrom JSC was transferred to Alternative Capital LLC, invalid. In December 2023, Reiman's claim against Angstrom JSC was considered: then the court concluded that the evidence provided for the debt was not enough to satisfy the stated claims. After that, Reiman filed two appeals to the Moscow City Court: the defendants are two legal entities that were part of the Angstrom group - Angstrom JSC and Angstrom-T JSC.

Appeals were also reportedly dismissed. The court ruled that "the claims declared by the plaintiff indicate a high probability of the imaginary nature of the debt." At the same time, a source close to Reiman told Vedomosti that all payment documents and account statements indicating the provision of a loan were presented in the framework of the case. In addition, the defendant confirmed the receipt of funds. Therefore, the decisions made are planned to be appealed to the cassation instance.^[8]

The court recovered more than 1 billion euros of penalties from Angstrom in favor of ВЭБ.РФ

The Moscow Arbitration Court satisfied the claim of the state corporation "ВЭБ.РФ" against the manufacturer of microprocessors and RFID systems JSC "Angstrom" in the amount of more than 1 billion euros, Interfax reported on June 13, 2024.

The court decided to recover a penalty of 1,045,1 million euros for the period from November 19, 2019 to March 27, 2024, as well as to charge additional amounts based on the calculation of 0.05% per annum from March 28, 2024 to the actual date of payment of the debt.

The Moscow Arbitration Court satisfied the claim of the state corporation "ВЭБ.РФ" against the manufacturer of microprocessors and RFID systems JSC "Angstrem"

According to Interfax, the court's decision was published on the official website, and it says that the claim is satisfied in full. Details of the case have not yet been disclosed.

The application of "ВЭБа.РФ" was received by the court on March 28, 2024. Earlier, on January 17, 2024, the Arbitration Court of the Moscow District upheld another decision on the claim of the state corporation against Angstrem JSC, according to which the amount of recovery amounted to 1.3 billion euros. This amount included 815 million euros of loan debt, 467.5 million euros of interest and 25.7 million euros of penalties, Interfax said.

At the end of January 2024, the court of first instance granted Angstrom's petition to postpone the execution of the decision, providing the company with a three-year delay. The claims for this claim were based on a surety agreement dated January 16, 2012, which secured the obligations of Angstrem-T JSC under a loan agreement dated April 9, 2008.

According to Interfax, on January 23, 2024, the Arbitration Court of the Moscow District confirmed the decision of the lower courts in another lawsuit, satisfying the requirements of ВЭБа.РФ to recover 17.8 billion rubles from Angstrom JSC from the declared 24.7 billion rubles. This amount included 17.8 billion rubles of moratorium interest, as well as interest accrued from February 4, 2023 to the date of actual payment, based on the key rate of 6.5% per annum, and state duty in the amount of 144.5 thousand rubles.^[9]

The court recovered 17.8 billion rubles from Angstrom JSC in favor of ВЭБ.РФ

On May 21, 2024, it became known about the decision of the Supreme Court of Russia on the proceedings between Angstrom JSC and ВЭБ.РФ. In accordance with the verdict of the last court instance, the chip manufacturer will have to pay about 17.8 billion rubles to the state corporation. The essence of the claim is as follows:

• ВЭБ.РФ issued a loan to Angstrom-T, in this agreement Angstrom acted as a guarantor;
• the borrower did not return the money and was declared bankrupt;
• "ВЭБ.РФ" considered penalties (moratorium interest) for non-repayment of the loan and decided to recover them from the guarantor. The state corporation demanded 24.7 billion rubles, the RF Armed Forces approved a payment of 17.8 billion rubles.

It became known about the decision of the Supreme Court (Supreme Court) of Russia on the proceedings between Angstrom JSC and ВЭБ.РФ

As Interfax reports with reference to the ruling of the Supreme Court, the arguments of the cassation appeal do not confirm the existence of grounds for considering the case in the court session of the Judicial Collegium of the Supreme Court and revising the appealed judicial acts, since they do not allow us to conclude that "violations of substantive law and (or) procedural law norms have been admitted, which led to a judicial error of a significant and insurmountable nature."

Earlier in 2024, the Arbitration Court of the Moscow District confirmed the decision of the courts of lower instances to recover 17.8 billion rubles from Angstrem JSC in favor of ВЭБ.РФ. As explained in the court ruling, the indicated amount includes:

• moratorium interest;
• interest starting from February 4, 2023 to the date of actual payment, based on the key rate of 6.5% per annum accrued in the amount of 93.77 billion rubles to the date of repayment;
• 144.5 thousand rubles of state duty.

At one of the meetings, the court, at the request of Angstrem JSC, attracted the Ministry of Industry and Trade to participate in the case as a third party, but refused the company's petition to do the same in relation to the Ministry of Defense of the Russian Federation.^[10]

"ВЭБ.РФ" tried to cancel the three-year deferment of "Angstrom" to pay her 1.3 billion euros

As TAdviser found out, the state corporation "ВЭБ.РФ" in March tried to achieve the cancellation of the court ruling on granting Angstrom a delay in the execution of the court decision to pay it about 1.3 billion euros. The specified amount includes debt, interest on the use of the loan and a penalty.

The decision to recover 1.3 billion euros from Angstrom in favor of ВЭБ.РФ was made by the court in 2023, and a three-year delay was granted at the end of January 2024.

"ВЭБ.РФ" does not want to wait three years until "Angstrom" begins to pay her funds

Recall that we are talking about a guarantee on a loan issued back in 2008 to the "ВЭБ.РФ" plant. Angstrom-T Angstrom became a guarantor for this loan in January 2012, at that time it, together with the Angstrom-M design center and the Angstrom-T enterprise under construction, was part of the same group of companies. At the same time, in December 2012, 100% of Angstrem-T voting shares were transferred to ВЭБ.РФ for 1 ruble due to the significance of the project for the development of the domestic technological industry, as well as the presence of signs of insolvency at Angstrem-T. In the period preceding the conclusion of the share purchase and sale agreement, the ultimate beneficiary of Angstrom-T and Angstrom was the ex-minister information technology and communications, the Leonid Reiman court established^[11]2019, Angstrom-T was officially declared bankrupt.

In its appeal filed with the Ninth Arbitration Court of Appeal^[12] in connection with the postponement granted to Angstrom, representatives of ВЭБ.РФ in March argued that they had presented evidence confirming that Angstrom's arguments were untrue and that it made payments at its discretion to individual creditors. That is, he is able to execute the judicial act, according to the state corporation.

The Ninth Arbitration Court of Appeal, however, found that the arguments of the appeal "ВЭБ.РФ" did not contain facts that would not be verified and taken into account by the court of first instance when considering the case and would have legal significance for the issuance of the judicial act on the merits, influenced the validity and legality of the judicial act, or refuted the conclusions of the court of first instance. In this regard, he declared them insolvent and upheld the earlier decision on the delay.

At the same time, the court stated: from the evidence available in the case, it follows that the imposition on Angstrom of the burden of a one-time payment of all the debt could lead to its bankruptcy in the future, which, in turn, would lead to more damage to the interested person than in the event of untimely repayment of the debt by court decision. In such a situation, the one-time execution of the judicial act does not contribute to the criterion of developed economic turnover as a whole.

After re-examining the evidence presented in the case file, the Court of Appeal concluded that the grounds necessary to grant Angstrom a delay were confirmed. Among them is the fact that the specifics Angstrom's activities involve the manufacture of products as part of the execution of the state defense order.

While ВЭБ.РФ tried to appeal the postponement, according to the appeal ruling, more than 30 Angstrem bank accounts in six banks are still arrested, including funds received by him as a subsidy from the Russian government for rearmament of the production base and modernization of production. Angstrom previously warned in court about the serious risks associated with the seizure of his accounts and the requirement to pay off the debt right now (see the block below for more on this).

Angstrom warned of the risk of termination of activities and disruption of the state defense order after the arrest of accounts due to debt to ВЭБ.РФ

Microelectronics manufacturer Angstrom reached the Supreme Court of the Russian Federation after attempts in lower instances to suspend enforcement proceedings related to the payment of a large debt to the state corporation ВЭБ.РФ and the cancellation of the seizure of its funds. Not only accounts were arrested, but also state subsidies, which Angstrom received for the development of production. But the company did not achieve satisfaction of its requirements there. In March 2024, Angstrom filed a cassation appeal with the Supreme Court.

A year ago, in March 2023, the court satisfied the ВЭБ.РФ 's claim with a decision to recover about 1.3 billion euros from Angstrom. This amount includes debt, interest on the use of the loan and a penalty.

We are talking about a guarantee on a loan issued back in 2008 to the ВЭБ.РФ plant Angstrem-T. Angstrom became a guarantor for this loan in January 2012, at that time it, together with the Angstrom-M design center and the Angstrom-T enterprise under construction, was part of the same group of companies. At the same time, in December 2012, 100% of Angstrem-T voting shares were transferred to ВЭБ.РФ for 1 ruble due to the significance of the project for the development of the domestic technological industry, as well as the presence of signs of insolvency at Angstrem-T. In the period preceding the conclusion of the share purchase and sale agreement, the ultimate beneficiary of Angstrom-T and Angstrom was ex-Minister of Information Technology and Communications Leonid Reiman, the court established^[13]. In 2019, Angstrom-T was officially declared bankrupt.

Angstrom must pay 1.3 billion euros to ВЭБ.РФ by court order

In September 2023, the court issued an executive list, and in November, as part of the initiated enforcement proceedings, issued orders on the seizure of funds. In accordance with them, more than 30 Angstrom bank accounts were arrested, including funds received as a subsidy from the Russian government.

After that, Angstrom applied to the court to suspend enforcement proceedings for three years and cancel the order on the seizure of funds.

Based on the applicant's arguments, the execution of the court decision adopted in this case deprives the plant of working capital necessary for the release of the electronic component base, which will lead to the termination of production activities. The defendant also points out that the adoption of measures to enforce debt collection in relation to Angstrom JSC will certainly lead to a breakdown in the implementation of the state defense order, - says the decision of the Ninth Arbitration Court of Appeal of March 1, 2024[14].

Angstrom argues in court that it is a strategic enterprise of the defense industry complex of the Russian Federation, a leading Russian developer and manufacturer of integrated circuits and semiconductor devices in the interests of the Ministry of Defense of the Russian Federation, the state corporations Roscosmos, Rosatom and more than 700 more consumers in a single chain of cooperation performing state defense orders in the interests of ensuring the security and defense capability of the Russian Federation.

Angstrom has mastered the production of more than 700 types of electronic component base.^[15] period from February 2022 to February 2023, the volume of orders for the state defense order increased significantly compared to 2021, and continues to grow, follows from the position of Angstrom in the published court ruling]. In order to ensure the expansion of production and increase in the volume of products produced, the Russian government provided Angstrom with state support for the rearmament of the production base and the modernization of production. In July 2023, in accordance with the agreement concluded with the Ministry of Industry and Trade on the provision of subsidies, Angstrom received funds from the reserve fund of the Russian government in the amount of more than 716 million rubles.

As part of this government program, equipment necessary for modernization and expansion of production is purchased, with the planned revenue growth, which will begin to satisfy the claims of creditors, Angstrom said in court. Angstrom also has production targets designed for a longer period.

However, the first and appellate instances denied the company's claims. So, in December 2023, the Moscow Arbitration Court refused Angstrom to suspend the enforcement proceedings: "The grounds for suspending the enforcement proceedings should be really exceptional, arise with serious obstacles to the execution of^[16] court's decision," the court's ruling says]. And on March 1, 2024, the appellate instance did the same.

At the same time, at the end of January 2024, the Moscow Arbitration Court, at the request of Angstrom, ruled to grant him a delay in the execution of the decision to pay the "ВЭБ.РФ" of the recovered funds for a period of 3 years, deciding that the circumstances indicated by Angstrom are of an exceptional nature and have the state significance^[17]. "ВЭБ.РФ" filed an appeal against this determination.

In relation to the arrested funds, then nothing has changed. In March 2024, the Ninth Arbitration Court of Appeal decided that the court of first instance had previously lawfully refused Angstrom in part of the demand to cancel the order on the seizure of funds, adding that "the court of first instance reasonably proceeded from the fact that the applicant was elected an improper way to protect the right." In case of disagreement with the actions of the bailiff, Angstrom is not deprived of the opportunity to apply to the court with a statement in accordance with Art. 198 of the Agro-Industrial Complex of the Russian Federation (the right to appeal to the arbitration court with a statement declaring non-normative legal acts invalid, decisions and actions illegal), indicates the Ninth Arbitration Court of Appeal^[18].

As of March 21, Angstrom's cassation appeal to the Supreme Court of the Russian Federation was registered in the Electronic Justice system, but has not yet been accepted for production.

Angstrom does not comment on the trial with ВЭБ.РФ.

2023: Listing shares for bankruptcy trading for 0.5 billion rubles

At the end of August 2023, it became known that the bankruptcy trustee of Angstrem Invest LLC Viktor Malakhov put up for bankruptcy trading the shares of the manufacturer of microprocessors Angstrem for a total amount of more than 0.5 billion rubles.

It is said that the sale of securities will take the form of a public offer. 25.001 million shares of Angstrom JSC with a nominal value of 0.5 rubles apiece, which are pledged by Zenit Bank, were put up for auction. The starting price is 554 million rubles, and the deposit amount is 110 million rubles. In the absence of applications, the cost will gradually decrease, the maximum - up to 437.9 million rubles. Applications are accepted from September 25, 2023.

The main beneficiary of Angstrom until the end of 2018 was ex-Minister of Communications of the Russian Federation Leonid Reiman, after which the plant went to the state corporation ВЭБ.РФ. Immediately after gaining control over the enterprise ВЭБ.РФ began the bankruptcy procedure.

During the bankruptcy proceedings, the state corporation plans to receive Angstrom-T equipment and transfer it to the state for the development of the microelectronics industry, the ВЭБ.РФ. said.

In March 2023, the Moscow Arbitration Court satisfied ВЭБ.РФ 's claim to recover €1.3 billion from Angstrom JSC. This amount included €815 million of loan debt, €467.5 million percent and €25.7 million in penalties. Claims are based on the recovery of debt under the surety agreement concluded in 2012 related to ensuring the proper fulfillment of the obligations of Angstrem-T JSC under the loan agreement. And in June 2023, the ВЭБ.РФ collected 17.8 billion rubles of moratorium interest from Angstrom JSC out of the required 24.7 billion rubles. Plus, the court recovered interest from the manufacturer of microprocessors - starting from February 4, 2023 to the date of actual payment, based on the key rate of 6.5% per annum, accrued on 93.7 billion rubles at the date of repayment.^[19]

2022

Inclusion in the sanctions list of the US Treasury

On September 15, 2022, the US Treasury once again updated the Russian segment of the sanctions list, including dozens of individuals and legal entities. Among them are companies related to the development and production of microelectronics and computer technology. Read more here.

The Office of Foreign Assets Control (OFAC), in particular, included in the SDN (Specially Designated Nationals) list such companies as Baikal Electronics, ICST, SPC, Multiclet, Angstrom, Yadro Fab Dubna (a full-cycle plant for the production of computer equipment and telecom equipment), manufacturer of computer technology "Aquarius," International Center for Quantum Technologies.

Investing 70 million rubles in the production of chips for microwave electronics

On August 22, 2022, it became known that Angstrom is investing more than 70 million rubles in the production of new semiconductor elements for modern electronic equipment and household appliances in the special economic zone Technopolice Moscow. This was reported on the website of the Moscow mayor's office.

As the head of the Department of Investment and Industrial Policy of Moscow, which is part of the complex of economic policy and property and land relations of the capital, Vladislav Ovchinsky, said, about 20 specialists will be able to work at the new enterprise.

At this factory, Angstrom will be engaged in the production of semiconductor products, including crystals for high-frequency and high-frequency diodes, high-speed transistors and diode matrices. They are effective in radio and meteolization, as well as in use at ultra-high frequencies, on which the GLONASS, GPS and GSM communication systems operate.

As noted in the Moscow mayor's office, the company is focused on reducing the dependence of the Russian industry on semiconductor imports and may become one of the key enterprises localized at the Angstrom Zelenograd site of the SEZ of the capital. In the future, she plans to start assembling functional devices based on her crystals.

Among the advantages that led the company to obtain the status of a resident of the SEZ of Moscow are the modern infrastructure and convenient logistics of its sites, as well as the wide potential of industrial cooperation and economic preferences available to all residents. So, they are exempt from taxes on property, transport and land, and the income tax rate for them is two percent, "said Gennady Degtev, General Director of the Moscow Technopolice SEZ.[20]

Release of 29 types of chips for transport and power grids

On July 11, 2022, it became known about the production of 29 new types of microcircuits at the Angstrom enterprise (a resident of the Moscow Technopolice SEZ). Among them are digital-to-analog converters, power intelligent drivers, signal processing chips.

Such electronics, as noted by Vladislav Ovchinsky, head of the Department of Investment and Industrial Policy, which is part of the Complex of Economic Policy and Property and Land Relations of Moscow, are vital for the modern transport sector, power grids, and industry. For example, it is used in public transport engine control systems, in liquid crystal displays of electrical meters in the housing and communal services sector, in power transmission substations, in industrial welding machines, he said.

During its work on the territory of the SEZ from 2017 to July 2022, the company invested more than 240 million rubles in the development of production. In total, over 59 years of activity, the plant has created more than 10 thousand types of microcircuits.

By July 2022, the company is developing a technology for the manufacture of microwave microcircuits based on ultra-thin silicon, which is still absent in Russia. They are used when operating at a higher frequency, including for processing signals in spacecraft, to ensure their communication. Angstrom has a full production cycle of power electronics - transistors, diodes, power modules and drivers for them.^[21]

2021

Growth in microelectronics sales

According to Gennady Degtev, General Director of the Technopolice Moscow SEZ, in 2021 Angstrom sold 1.8 billion rubles worth of microelectronics in Russia, which is 50% more than a year earlier. In 2021, the company developed almost 150 types of electronic products: microcircuits and power electronics devices.

Recovery of 1.5 billion rubles in favor of Zenit Bank

In November 2021, it became known about the recovery from Angstrom of about 1.54 billion rubles in favor of Zenit Bank. The corresponding decision was made by the Moscow Arbitration Court.

The claim is fully satisfied, - says the information on the court's website without providing additional information (quoted by Interfax).

The Moscow Arbitration Court registered Zenit's claim against Angstrom in July 2021. Earlier, Angstrom reported that it had consolidated all its debt obligations in Zenit Bank. At the same time, the company's debt was restructured and a new credit line was opened for it in the amount of more than 1.3 billion rubles. Angstrom noted that during the transaction the company received more comfortable conditions for the maturity of debt obligations, a decrease in the burden of servicing them and under a new five-year agreement - an annual deferral to pay part of the main debt

By a court decision, Zenit became the sole pledgee of 51% of the shares of Angstrom JSC. This share belongs to JSC "Contractfinancgruppen," which is in the process of bankruptcy.

Alternative Capital LLC also claimed the pledge, but the Moscow Arbitration Court recognized the pledge obligations to it as not arising.

Angstrom was the parent company of the eponymous IT group of companies. Another enterprise of the group, Angstrem-T, came under the control of ВЭБ.РФ. By November 2021, it is in bankruptcy. The state corporation is also trying to recover €1.3 billion from Angstrom - the IT company acted as a guarantor for the loan, which ВЭБ.РФ issued to Angstrom-T. Zenit tried to enter into a dispute as a third party, but the court refused this.

The potential transfer of 51% of Angstrom JSC to Zenit Bank is unlikely to affect ВЭБ.РФ 's attempts to recover funds from the company, lawyers interviewed by the Kommersant newspaper are sure. ^[22]

In February 2022, Angstrom lost an appeal on a debt of 1.5 billion rubles. bank Zenit. If Angstrom does not pay, the bank will insist on the sale of key equipment for printing microelectronic cards.

Zenit also admits claims to ex-Minister of Communications Leonid Reiman, who was the owner of the collapsed enterprise.

2020: Dismissal of the claim from Alternativa Capital for 2.17 billion rubles.

On February 6, 2020, it became known that Moscow Arbitration Court it rejected the claim of the former Minister of Communications Leonid Reiman company "" against the Alternative Capital to Zelenograd to microelectronic plant of Angstrom JSC to recover debts totaling 2.17 billion rubles. The decision was published on the court's website.

Alternative Capital is the successor to another Reiman-owned company, Angstrom Group LLC. This structure collected the debt of Angstrom JSC by ceding claims rights from Angstrom NGO (which also belongs to Reiman), Reiman personally and a certain RTKL-Finance.

Reiman is trying to collect the debt both from Angstrom JSC and - by including his claims in the creditor mass - and from Angstrom-T. In addition to the aforementioned claim for 2.17 billion rubles against Angstrom JSC, Alternative Capital demanded that itself be included in the register of creditors of Angstrom-T with a total debt of 3.8 billion rubles. Reiman personally is also included in the register of creditors of the enterprise with a debt of 423 million rubles.

In the case of the Alternative Capital lawsuit against Angstrom JSC, the defendant did not object to the satisfaction of the claims. However, doubts arose among the court itself, which attracted a third party to the case - Rosfinmonitoring.

The court doubted that Reiman had the rights to claim the debts of Angstrom, since according to to data SPARK-Interfax the base "," there is an affiliation between the plaintiff and the defendant.

CNews In noted that in 2011-2012 Reiman, having left the civil service, admitted that he had various shares in various enterprises of the Angstrom group. Including through Cyprian offshore Runica Investments, he became the sole owner of Angstrom-T.

In total, as of February 2020, Reiman is a co-owner of four companies whose name contains the word "Angstrom." And the general director of Alternative Capital Alexei Chernikov was previously a member of the board of directors of Angstrom JSC.

In addition, in the bankruptcy process, Angstrem-T has a debt of this enterprise totaling 98 billion rubles. In this regard, Rsofinmonitoring considered it necessary "to apply increased requirements to the evidence presented in support of the positions of the parties."

The court asked the plaintiff to submit an order for the transfer of funds in accordance with the loan agreement to third party accounts and payment orders confirming the issuance of loans in full. The evidence presented could not convince the court that Alternative Capital really has an assigned debt to Angstrom JSC.

For example, the debt of Angstrom JSC, ceded to Angstrom NPO, was formed as a result of the transfer of funds by this enterprise directly to the counterparties of Angstrom JSC in accordance with its requests. However, there was no evidence that Angstrom JSC had financial obligations to these counterparties.

Another debt of Angstrom JSC was formed in the same way - by transferring funds to Angstrom-T counterparties. But there were no explanations as to what obligations Angstrom JSC had to Angstrom-T.

At the same time, the court in its decision cited the Supreme Court Ruling that in the conditions of bankruptcy of the debtor and competition of its creditors, situations are possible when a creditor friendly with the debtor initiates a legal dispute over alleged debt in order to obtain an outwardly impeccable judicial act for inclusion in the register of creditors' claims.

"Such disputes are characterized by the provision of the minimum necessary set of evidence, the passivity of the parties in refuting each other's positions, recognition by the parties of the circumstances of the case or recognition by the defendant of the claim, etc.," the court decision says. "Due to the fact that the interests of the" friendly "creditor and the debtor coincide, their procedural activities are not aimed at establishing the truth, but at other purposes."

As a result, the court concluded that the claims declared by Alternative Capital indicate "a high probability of an imaginary nature of the debt, and therefore the minimum evidence of the debt is not enough to satisfy the claims." Therefore, the claim of Alternative Capital against Angstrom JSC was rejected.^[23]

2019: Lawsuit from Alternativa Capital for 2.17 billion rubles

On August 21, 2019, it became known that LLC Alternative Capital"" filed a Moscow Arbitration Court lawsuit to recover debts Zelenograd microelectronic from the Angstrom plant. The amount of debt is 2.17 billion rubles.

The Alternative Capital Fund was created by the former minister communications Leonid Reiman and state bank. VTB According to to data the database "," Contour Focus the only participant in Alternative Capital is Leonid Reiman. The structures associated with Reiman are also co-owners of the Angstrom plant (legal entity - Angstrom JSC). 25% of the shares of Angstrem JSC belong to Contractfinancgruppe JSC, Angstrem Invest LLC and "" (Russian electronics the structure of the state corporation ""). Rostec The first two of these structures are considered to be related to Reimann.

Among other things, Angstrom Invest belonged to Angstrom Group LLC, which, in turn, officially belonged to Reiman. For some time, the Angstrom Group also belonged to the Contract Finance Groups.

In 2016, Angstrom Group filed a petition with the Federal Antimonopoly Service to buy a 50% stake in Angstrom owned by two designated companies. As of August 2019, Angstrom Group was liquidated and merged with Altrenativa Capital, Reimann's structure, which filed a lawsuit against Angstrom. Bankruptcy claims have been filed with the Moscow Arbitration Court against Contractfinancgruppe and Angstrem-Invest.

The plaintiff in both cases is the same structure - Hoziron Global Consulting LLC, owned by a certain Andrei Boxer. In the case of Contractfinancgruppe, the court has already decided on bankruptcy and the introduction of bankruptcy proceedings in the company. The amount of debt due to which the bankruptcy procedure was initiated is only 1 million rubles.

The press service of Angstrom did not respond to a request for a lawsuit from Altrenativa Capital. Leonid Reiman declined to comment, citing the fact that^[24], on vacation^[25]

2017

Strategic partnership with Technocomplect

On July 27, Angstrom and MPOTK Technokomplekt announced the conclusion of an agreement on a strategic partnership. The document was signed by the general director of Angstrom Konstantin Nosov and the general director of Technocomplect Nikolai Tingaev. The agreement provides for the development and production of power modules.

Within the framework of the partnership, Angstrom plans to conduct research on the development of technology for automated housing of power modules and new products of the electronic component base (ECB), including using the scientific results obtained by Technocomplect as part of the PNIER commissioned by the Ministry of Education and Science of the Russian Federation. In turn, Technokomplekt will assist Angstrom in developing experimental technology and testing prototypes in its serial electrical equipment.

The agreement provides for all types of financial, technical, information and organizational assistance on mutually beneficial terms for the development of innovative activities.

One of the main advantages of the partnership is the joint R&D in the field of power electronics. We have all the technical capabilities for the production of crystals for power modules. Thanks to joint work, we have additional opportunities to expand the production and range of applications of our products, including using the production capacities of MPOTK Technokomplekt, - said Konstantin Nosov, General Director of Angstrom

Companies are already performing joint R&D, the purpose of which is to obtain modern materials and technologies for assembling power modules.

Cooperation between Angstrom and Technokomplekt began in July 2016. As part of this cooperation, the supply of IGBT power modules with a voltage of 1200 V and a current of 300 A in a metal-plastic housing of type MPK-62 was carried out. The modules are used in DC and AC uninterruptible power systems in the power range from 3 to 500 kW.

Agreement with REC

Within the framework of the St. Petersburg International Economic Forum, the Angstrem group of companies entered into a cooperation agreement with Russian Export Center JSC. The document was signed by the chairman of the board of directors of the Angstrom Group of Companies Leonid Reiman and the general director of the export center Pyotr Fradkov. It is planned that as a result of this cooperation, the level of shipments to foreign consumers of Angstrom products within 3 years should reach 3 billion rubles a year.

The subject of the agreement is the expansion and deepening of partnerships for the development of the export activities of the enterprise. In the course of cooperation, REC will facilitate the export of products to foreign markets in the main areas: power electronics, power management chips, consumer electronics.

As Konstantin Nosov said in July 2017, Angstrom not only plans, but is already actively developing a program for the development of the export potential of manufactured products: "This year we launched a homologation system - adaptation of export products for a specific customer. Today, together with the Russian Export Center, we can bring the product under the requirements of a specific customer almost free of charge. This is a fairly effective way that is now used by both us and our customers to make a specific product for specific solutions and massively, quickly release it to the market. The next stage is the production of large solutions for automakers, for example, the production of engine control systems. We will localize these products on the territory of the customer's countries, that is, we will supply part of the products there, and we will produce the final final assembly on the territory of these countries. "

2016

Search in the case of embezzlement of MoD funds

On August 24, 2016, CNews reported searches at the Angstrom plant in Zelenograd. The reason for these events was a criminal case related to a large contract of the Ministry of Defense for the development of communications, the so-called contract "Unification."

Searches took place on August 23, 2016. According to sources of the publication, law enforcement agencies seized documents in the framework of a criminal case initiated in 2013. Angstrom declined to comment^[26].

When Anatoly Serdyukov, a personal acquaintance of the co-owner of Angstrom Leonid Reiman, was Minister of Defense, the department concluded a number of large contracts with this enterprise. 3.8 billion rubles - the value of the Unification contract concluded in 2011 for a period of three years.

The contract amount ~ 130% of the net assets of OJSC Angstrom. The contract involved the development of a domestic component base for military communications. By order of the Ministry of Defense, Angstrom developed the Azart radio stations and repeaters of communication systems at flight test facilities.

Together with the departure of Serdyukov from the post of minister, in 2013, the Ministry of Defense terminated the contract under the code "Unification."

The Ministry of Internal Affairs opened a criminal case in 2013, accusing the management of Angstrem of concluding fictitious contracts for the construction of military communication centers and withdrawing funds in the amount of 77.5 million rubles received under the contracts of the Ministry of Defense. That year, the Ministry of Internal Affairs, together with the FSB, carried out at the enterprise. And then Alexei Tabolkin (deputy general director of Angstrom OJSC and the head of Angstrom, an NGO affiliated with the enterprise, was arrested in 2013. Previously, he served as general director of the enterprise) and finance director Nikolai Pereverzev. In 2014, both defendants were released from custody under an amnesty.

As a result, the case was given a new move.

Microelectronic Components for the Indian Space Program

On June 16, 2016, Angstrom announced the release of prototypes of microelectronic components for aircraft control systems created as part of the Indian space program.

As part of the replacement program, Angstrom OJSC has produced several microcircuits that have been tested and are ready for shipment to the customer. After evaluating the characteristics of the products by the designers of the spacecraft of India, the production of an industrial batch will be launched.

The conclusion of an agreement with Indian manufacturers is a natural result. Designing microelectronics for the space industry is one of the strongest competencies of Angstrom. Our products are on most Russian spacecraft. Indian developers opted for reliable, time-tested solutions. The microcircuits for the control systems of the removal means are clearly maintained in accordance with the customer's requirements and have a guaranteed level of operability in extreme operating conditions. Konstantin Nosov, General Director of OJSC Angstrom

The company plans to send the first batch to India in June 2016. Negotiations to expand the list of microchips for the Indian space project are scheduled for the second half of 2016.

Angstrom began decommissioning components of imported microelectronics

On February 15, 2016, Angstrom announced the upcoming replacement of most of the imported space microelectronics with domestic ones.

Angstrom specialists began testing mock-up samples of modern power radiation-resistant microelectronics. Upon completion of these works, it will become possible to replace foreign microelectronics used now in strategic sectors of the Russian economy with domestic to 90% ones.

According to the press service of the company, as of February 15, 2016, only a few countries in the world have experience and opportunities to produce microelectronics for working in extreme conditions. In 2015, the Ministry of Industry and Trade of Russia announced a number of tenders for the implementation of development work (ROC) within the framework of the state program "Development of industry and increasing its competitiveness."

At the end of 2015, Angstrom won three such competitions:

• ROC "Sila-14,"
• ROC "Sila-16"
• ROC "Sila-I8."

The total cost of work is 548 million rubles.

author = Konstantin Nosova, General Director of OJSC Angstrom Today, Angstrom is a leader in the production of electronic component base, capable of producing power microelectronics on an industrial scale. And not only reproduce old developments, but also actively offer the market new products. We are already ready to replace imported power electronics on railways, in housing and communal services and in the automotive industry.

author = Pavel Mashevich, Director of the Microelectronics Center, Chief Designer of Angstrom OJSC The implementation of OCDs will allow replacing about 90% of foreign power microelectronics used now in special-purpose devices with domestic products. In just two years, we must catch up with the gap in the creation and production of an electronic component base that formed in our country as a result of the failure of the late 80s and 90s of the last century. The goal of the ROCs is to develop the technology for the production of the latest generation of ECB for strategically important, military and space, spheres.

The largest task is ROC Sila-I8. Angstrom specialists will have to develop a series of powerful high-speed n- and p-channel MOS (metal-oxide-semiconductor) transistors in metal-plastic and sealed metal-ceramic cases that will replace imported analogues.

No less significant is the work on ROC "Sila-14" - "Development and development of the production of a series of powerful DMOP transistors (MOS transistors with double diffusion) from 60 V to 250 V for space equipment." There is now only one manufacturer in the world that produces such products. Not Russian.

In February, internal tests of mock-up samples for all three OCDs began. Prototypes of radiation-resistant transistors of the Angstrom company, their characteristics will be available for developers of electronic equipment in 2017. Serial production of products is planned from 2018.

2015

Angstrom has cut employees and become profitable

On April 22, 2015, the financial results of the first quarter of 2015 for Angstrom OJSC, the parent enterprise of the microelectronic group, became known. In the reporting period, the company's revenue amounted to RUB 445 million - an increase of 29%, compared to the same indicator for the 1 quarter of 2014^[27]

EBITDA - 261 million rubles. A year earlier, this indicator had a negative value of 19.5 million rubles. Net profit for the 1 quarter of 2015 reached RUB 62.7 million against a net loss of RUB 139.7 million in 2014.

Angstrom noted: the last time net profit was recorded in the 2nd quarter of 2013. At the end of 2013, the company received a net loss of 700 million rubles. (The results of 2014 were not summed up).

According to Angstrom, it was possible to improve the financial situation by reducing costs. In particular, staff costs decreased by 21%, electricity costs - by 11%. It is known that during 2013 Angstrom reduced a third of the staff - 560 people.

In addition, the company has developed and launched into mass production 28 new products, including:

• power electronics components,
• chips of standard logic
• integrated circuits based on basic matrix crystals.

In the revenue of Angstrom, most of it - 366 million rubles. brought the sale of finished products:

• power semiconductor devices,
• standard logic chips,
• microcontrollers and microprocessors,
• memory circuits,
• microcircuits for radioelectronic equipment with high requirements for resistance to radiation and space factors,
• products for radio frequency identification
• LED control chips.

Due to scientific activities, the company earned 46 million rubles:

• a special element base for working in extreme conditions,
• element base on power electronics
• radio frequency identification (RFID).

Angstrom closes the deal on STC IT ROSA

On October 21, 2015, it became known about the plans of NPO Angstrem OJSC to close the transaction on the acquisition of STC IT ROSA LLC at the end of November 2015. Experts estimate the value of the asset in the range of up to hundreds of millions of rubles^[28]

"We

plan its closure at the end of November," said Alexey Bocharov, General Director of the Scientific and Production Association of NGO Angstrem. "We will be able to disclose the terms of the deal after it ends

."

Sergei Alexandrov, commercial director of the Rosa Scientific and Technical Center for Information Technologies, noted: "In fact, NPO Angstrom has been the owner of the Rosa IT Research and Development Center since August 2015. The legal entity (STC IT Rosa LLC) remains the same, it is the copyright holder and licensor of all products of the Rosa operating systems line. The company has not stopped its work for a single day - sales are underway, through the distribution network of Axoft, with which we have signed a corresponding partnership agreement, technical support is being provided, and new projects are being worked out. In general, the company's activities remained the same, work was added on the integration of products in the interests of the projects of NGO Angstrom. Also, NPO Angstrom determines the development strategy of the IT Research and Development Center "Rosa" and its product line. "

Alexey Bocharov said: "NPO Angstrom successfully uses software products from the IT Research and Development Center Rosa in its products. NPO Angstrom is interested in offering customers software and hardware integrated solutions with an integration bus for import-substituting applications based on Rosa. We will probably develop "Rosa" in both real-time and embedded versions, which are vital for us. "

According to SPARK-Interfax, the revenue of the IT Research and Development Center Rosa in 2013 amounted to 7.9 million rubles, the net loss exceeded 13.4 million rubles. In 2014, the company's revenue grew to almost 10.4 million rubles, while the net loss reached 61.2 million rubles.

2014

Roselectronics is ready to withdraw from the shareholders of Angstrom

In May 2014, it became known that the Russian Electronics holding was ready to get rid of its stake in Angstrom OJSC. This was stated in an interview with CNews by the head of Roselectronics Andrei Zverev^[29] of his ^[29]

According to Zverev, the shares of Angstrom, which are owned by Roselectronics, "do not heat up." This share, as Zverev says, belongs to the holding "historically," and for all the years of participation in the authorized capital of Angstrom, the holding has not received a penny of dividends from it.

Zverev does not want to expand his stake in Angstrom:

"If you expand, then up to 51%. And in conditions when the enterprise is fully credited several times, I somehow do not really want to take responsibility. "

So, if there are those who want to buy a share of Roselectronics "at a good price," the holding is ready to hold substantive negotiations, Zverev summed up.

Minutes of the shareholders meeting confirm that OJSC Angstrom is not inclined to pay dividends. According to the minutes dated June 5, 2013, the company made a profit of 61,106 million rubles in 2012, of which 58 million rubles were allocated for production development, and 3.106 million rubles were allocated to the reserve fund. The meeting decided not to pay dividends on ordinary shares.

According to the Unified State Register of Legal Entities for May 2014, Roselectronics owns about 31% of Zelenograd's Angstrom OJSC: 25% directly and about 6% indirectly through subsidiaries.

Potential buyers of the stake in Angstrom owned by Roselectronics could be AFK Sistema, which owns 11% of the enterprise through its subsidiary Sitronics, Contractfinancgruppe, which owns 25% of Angstrom OJSC, or Angstrom-Invest, which also owns 25% of Angstrom OJSC.

According to CNews, Contractfinancgruppe and Angstrom-Invest are affiliated with the former Minister of Communications of Russia and ex-adviser to the President of the Russian Federation Leonid Reiman.

Experts contacted by CNews refrained from assessing the share of Angstrom owned by Roselectronics.

A hypothetical strategic investor is unlikely to be interested in buying the Angstrom stake owned by Roselectronics, since it is not a control, believes Karina Abagyan, vice president of the Microelectronic Industry Promotion Non-Profit Partnership (formerly Marketing Director of the Mikron Plant).

The companies of the Angstrem group have been re-credited, and very significant funds are required to update their production base for the production of modern products, about 20-30 billion rubles, she says.

However, Karina Abagyan clarifies, it is possible that, subject to the restructuring of assets and the cancellation of part of debts, some companies of the Angstrom group will become interesting for growing public or private players in the microelectronics market as a platform for expansion and as a personnel reserve.

Angstrom laid Sberbank a building, land and equipment

Shareholders of Angstrom OJSC, the head enterprise of the Zelenograd microelectronic group of the same name, approved the change in a number of agreements with Sberbank. We are talking about five credit lines that Sberbank opened to the enterprise for a total of 1.88 billion rubles.

Three of them for a total amount of 1.43 billion rubles were opened at the end of 2012 for a period of one and a half years at 11% per annum. They were issued by Sberbank to refinance debts to Bank Zenit and BFG-Bank. These banks, in turn, provided loans to Angstrom to finance work on two government contracts with the Ministry of Defense. We are talking about a contract for the creation of electronic identity cards for military personnel in the amount of 1.3 billion rubles and a contract with the code "Unification" (it was supposed to create an element base for military communications for i3.8 billion).

The fourth credit line was also opened at the end of 2012, but with a long maturity - three years - and at 11.5% per annum. These funds were needed by Angstrom to carry out a number of works with the Ministry of Industry and Trade. Finally, the fifth line - also for work under the contract with the Ministry of Industry and Trade - was opened in the spring of 2013 in the amount of i50 million with a maturity of 2.5 years and a rate of 11.5% per annum^[30].

2008: Debt of RUB 1.6 billion

According to the results of 2008, Angstrom OJSC showed the following results of its activities: Revenue - 2 billion rubles. (estimate of the manager of Angstrom). Angstrom's debt, as of July 2008, reaches 1.6 billion rubles.

2007: Profit of RUB 1.38 mln

According to the results of 2007, Angstrom OJSC showed the following results of operations (RAS):

• revenue - 824.6 million rubles,
• net profit - 1.38 million rubles.

Notes