Automatica and Kryptonite established Joint Venture

The concern Avtomatica of state Corporation Rostec and Kryptonite Management company established a Research and development company “Kryptonite” (NPK Kryptonite).

The concern Avtomatica of state Corporation Rostec and Kryptonite Management company established a Research and development company “Kryptonite” (NPK Kryptonite), which will be engaged in the developing of civilian IT-products based on military developments in the field of information security. The initial investment in the joint venture will amount to more than 4 billion rubles.

The main areas of activity of NPK Kryptonite will be cryptography and quantum computing, machine learning and big data storage, security solutions based on blockchain technology, telecommunications standards and their security.

One of the main objectives of the joint venture will be to attract investments for the commercialization of innovative solutions and technologies created by enterprises and research institutes of the country defense industry, as well as the development of its own competencies in the field of information security and work with big data.

“It is obvious that Russian military developments in the field of information security have great potential for civilian application. This includes high-tech export. The creation of the joint venture is an excellent example of state – private partnership and the consolidation of efforts will increase the synergy both by entering into new activities and developing market competencies, as well as by incorporating the potential in science and technology accumulated by Russia’s defense industry into the IT industry,” said the Industrial Director of the radio-electronic cluster of Rostec Sergey Sakhnenko.

The new company will be based on the territory of the concern Automatica. By now, an agreement on the complete repair of a part of the premises of the concern in Moscow to create on their basis a modern working space that includes a permanent exposition of domestic products and technologies has been reached.

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