Manila
21 June 2017
(PNA)

Filipino listed firm A Brown Company, Inc. (ABCI) and Russia’s Rusatom International Network (RAIN) forged partnership to develop cooperation in nuclear technology.

RAIN’s website said a Memorandum of Understanding (MOU) was signed by RAIN President Alexander Merten and ABCI President Roel Castro in Moscow Tuesday during the international forum ATOMEXPO2017.

ABCI and RAIN plan to develop economic, scientific, and technical cooperation in the field of peaceful use of atomic energy.

The private institutions aim to jointly explore application of radiation technologies in industry, medicine, and agriculture.

The partnership also targets to raise awareness in the Philippines about the use of nuclear technologies.

“The Memorandum signed by our companies is one of the first steps in implementation of the agreements between our countries reached during the meeting between Vladimir Putin, President of the Russian Federation, and Rodrigo Duterte, President of the Philippines, on May 25, 2017,” Merten said.

“The document opens up great prospects for mutually beneficial cooperation in the development of innovative technologies in the nuclear field,” he added.

The Department of Science and Technology (DOST) and the State Atomic Energy Corporation, or ROSATOM , signed during the official visit of Philippine delegation in Moscow last month a cooperation agreement on the use of nuclear energy for peaceful purposes.

RAIN is under the governance of ROSATOM.

RAIN has 11 regional centers. The company seeks opportunities to expand business by promoting Russian nuclear products and services globally.