12.02.2014

ROSNANO Corporation announces successful capital withdrawal from Neutron Technologies, the manufacturer of portable explosives/drugs detectors based on the tagged-neutron method. ROSNANO’s share, 37 % of the portfolio company’s registered capital, was bought out by the project initiator. ROSNANO’s internal rate of return exceeded 20 %.

The tagged-neutron method (TNM) has been developed by the scientists of Joint Institute of Nuclear Research (JINR, the town of Dubna). Neutron Technologies Company was established in 2010 to commoditize the researches by JINR. ROSNANO’s investment contributed to making a viable business of a promising technology. The established production infrastructure allowed delivery of over 90 DVIN-1 portable explosives detection complexes to the stations of the major Russian railroads, including Oktyabrskaya, Gorkovskaya, Kavkazskaya and Severo-Kavkazskaya, as well as the subways of Moscow, Saint Petersburg, Samara, Yekaterinburg, Kazan and Novosibirsk. Over 3 years, the company’s total revenue has exceeded RUB 650 mln.

Besides various explosives detector modifications, Neutron Technologies Company has successfully designed other solutions based on the tagged-neutron method. In particular, on request of ALROSA, the company created a technology of non-destructive detection of diamonds in blue earth.

"ROSNANO’s financing has contributed to the commoditization of the technology developed by the Russian researches to enhance the society’s defense against terrorism. The new dynamic science-based company has extend the field of application of TNM",– said Georgiy Kolpachyov, Managing Director of ROSNANO.

"The implementation of this hi-tech project together with ROSNANO have yielded good results and provided a great experience of commoditization of scientific research; the experience that is sure to support the further innovative development of JINR", — added Viktor Matveyev, Director of JINR, an academic of RAS.