We have prepared for you a summary of the main points from a recent interview with General Designer of Unitsky String Technologies Inc. Anatoli Unitsky.
Targeted projects
We have signed contracts for four projects. For some of them, the company has already received money and conducted pre-project studies. Research on the remaining projects is ongoing.
More detailed information about the contracts will appear when the design stage begins. However, we have signed a confidentiality agreement with some customers. These customers will announce the orders themselves. Now, we can say that the projects are in Arab countries and in Asia.
Third-party orders
Our production capacities allow us to fulfill orders that come from other enterprises and countries, including the defense sector.
For example, we have completely manufactured an electric car: we have made a frame, cladding, energy storage, motor wheels. The final sample showed good results. The order was received and paid for from Russia.
Such orders help to finance the core technology, hone skills and keep the team in good shape.
New companies in the UAE
Funds from commercial projects will be reflected in the annual audit of Unitsky String Technologies Inc. However, it should be borne in mind that money may not flow directly to the company. In particular, this is due to the peculiarities of taxation in different countries.
It is not only Unitsky String Technologies Inc. that also takes orders. For example, three new companies have recently been opened in the UAE. One of them deals with marketing and acts as an international sales office. Each of these companies will also be audited.
Part of the project funds will go to Unitsky String Technologies Inc. in any case. For example, to pay salaries to employees. However, dividends will be paid by another company.
Tender in Dubai
We signed an agreement with the Dubai Department of Transport in 2019. Other companies have signed the same agreement. A total of four out of 30 companies will go out to tender. I can say that in terms of quality and other technological indicators we are in the lead.
The difficulty is related to competitors from China. They plan to build the track at their own expense, to be reimbursed later by Dubai. That is, our competitors can win not because they have better technology, but because they have a better funding scheme. However, we are also working on that.
You can watch the original interview on our Vimeo channel.