• RDIF and ChemRar have produced the first 100,000 courses of Avifavir
• In June, Avifavir was delivered across Russia’s 35 regions
• More than 50 countries have expressed interest in importing Avifavir

MOSCOW, July 2, 2020 /PRNewswire/ — The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and ChemRar Group produced the first 100,000 courses of the Russian coronavirus drug Avifavir in June, significantly exceeding initially planned production levels of 60,000 courses.

In June, the drug was delivered across Russia’s 35 regions and to the Republic of Belarus. Agreement has also been reached for deliveries of Avifavir to the Republic of Kazakhstan in the near future. In total, more than 100,000 courses will be produced in July.

The joint venture established by RDIF and ChemRar Group provided an additional opportunity to increase production capacity threefold, up to 300,000 courses per month, which will satisfy domestic demand for Avifavir in the Russian Federation and enable the start of supplies to the international market.

On May 29, 2020, Avifavir received a registration certificate from Russia’s Ministry of Health and became the first Favipiravir-based drug in the world approved for the treatment of COVID-19. On June 3, 2020, the Ministry of Health included Avifavir in the latest seventh edition of the guidelines for the prevention, diagnosis and treatment of new coronavirus infection COVID-19. Avifavir has proven effective in clinical trials, disrupting the reproduction mechanisms of coronavirus.

RDIF and ChemRar have seen significant demand for the drug from abroad. In particular, negotiations are underway on the supply of Avifavir to a number of Latin American countries. In addition, CIS countries, the Middle East and other global regions have expressed interest in acquiring Avifavir.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said:
“Avifavir is one of the world’s most effective coronavirus drugs and produces better results than its peers, including the US drug Remdesivir made by Gilead Sciences. Given the US authorities’ decision to purchase almost 100% of the manufactured Remdesivir in the coming months and the shortage of effective drugs on the global market, Russia is ready to help other countries in the fight against coronavirus and begin exports of Avifavir. The Russian drug is several times cheaper and its tablet form makes it easy to take allowing therapy at the early stages of coronavirus infection. More than 50 countries have already expressed an interest in the drug. RDIF and ChemRar intend to expand Avifavir’s production and widen its supply geographically over the coming months.”

Russian Direct Investment Fund (RDIF) is Russia’s sovereign wealth fund established in 2011 to make equity co-investments, primarily in Russia, alongside reputable international financial and strategic investors. RDIF acts as a catalyst for direct investment in the Russian economy. RDIF’s management company is based in Moscow. Currently, RDIF has experience of the successful joint implementation of more than 80 projects with foreign partners totaling more than RUB1.9 tn and covering 95% of the regions of the Russian Federation. RDIF portfolio companies employ more than 800,000 people and generate revenues which equate to more than 6% of Russia’s GDP. RDIF has established joint strategic partnerships with leading international co-investors from more than 18 countries that total more than $40 bn. Further information can be found at www.rdif.ru

ChemRar Group unites R&D service and investment companies in the field of innovative pharmaceuticals for the development and commercialization of innovative medicines, diagnostics, preventive care and new treatments of life-threatening diseases in Russia and abroad. Further information can be found at http://en.chemrar.ru/

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SUZHOU, China, July 2, 2020 /PRNewswire/ — Research by the IHS Markit’s Floating PV Report 2020 reveals recently that the floating solar power installations are set to jump by 143% from 2019 to hit more than 900 MW of annual capacity additions this year. GCL System Integration (GCL SI), is poised to lead this high growth segment by enhancing its presence in floating solar farm sector. Most recently the company has just announced its line of completely waterproof solar panels have been instrumental in the development of a floating solar power plant off the coast of Nurai Island in the United Arab Emirates (UAE).

Located near the luxury resort island of Nurai, local solar developer, Enerwhere has constructed the first floating solar power plant on seawater in the Middle East using GCL SI’s patented dual-glass solar modules. Aside from the solar panels, the ambitious project was made possible through using floating and mounting structures built by Sungrow.

Although the concept of floating solar is ideal for space saving, in practice, it is very challenging. GCL SI’s patented dual-glass modules are specifically designed for marine application and can withstand over 30 years of constant salt spray. In order to last decades, the modules need to be absolutely waterproof and resistant to the potential harsh weather conditions experienced in the open ocean. GCL SI dual-glass modules all passed rigorous IEC tests for harsh environment like salt mist, ammonia corrosion and sand blowing. As the evidence of GCL SI modules’ high quality performance and reliability especially when used in open water. Enerwhere’s choice of GCL SI produced solar modules is adding another milestone to the GCL’s existing portfolio including 4 floating solar projects around the world.

Spearheaded by the Dubai Electricity and Water Authority (DEWA), the UAE is committed to the Dubai Clean Energy Strategy 2050, a plan to transform Dubai into a global clean energy center by 2050 with 75% of electricity coming from clean energy including solar. To achieve this, the government intends to build a “solar lake” of floating solar panels in the Emirate.

The life-cycle of solar module is one of the key factors in ensuring the sustainability and profitability of PV projects. With durability as its priority, GCL has been pioneering the technologies to increase the lifespan of its solar modules, lowering the cost of per unit of electricity for investors.

https://www.gclsi.com/

TUV Rheinland and Ponemon Institute publish worldwide study on the Cybersecurity of industrial plants. All information at https://go.tuv.com/otsurvey-2020

COLOGNE, Germany, July 2, 2020 /PRNewswire/ — Cyberattacks can threaten the industrial facilities of companies even more than their IT systems. However, a holistic view of the security of industrial plants is often lacking. This is a key finding of a recent study on security in industrial companies by TUV Rheinland and the Ponemon Institute.

Operational Technology in the sights of the hackers

Operational Technology (OT) is the main target for cyberattacks on industrial plants. These are devices and systems that control or monitor industrial processes – such as motors, pumps or valves. “OT systems differ in function and technology from classic corporate IT. At the same time, successful cyberattacks on OT systems often cause particularly high levels of damage to the companies affected”, explains Petr Láhner, Executive Vice President of the Business Stream Industrial Service & Cybersecurity at TUV Rheinland. “We have therefore placed the Cybersecurity of Operational Technology at the center of our study, following on from the findings of the first study on this subject in 2019”.

Measures for IT and OT systems not coordinated

For the “2020 Study on the State of Industrial Security”, the independent market research company Ponemon Institute surveyed more than 2,200 cybersecurity experts worldwide from the automotive, health and pharmaceutical, logistics and transport, mechanical engineering, oil and gas and utility sectors. The Ponemon Institute, based in Traverse City, Michigan, is dedicated to independent research on information and privacy management in companies.

The following results show how much cyberattacks endanger OT systems:

• More than half of the respondents (57 percent) say that their companies firmly expect attacks on OT systems.
• Almost half (48 percent) are convinced that cyber threats pose a greater risk to OT systems than to the IT environment.
• Almost two thirds (63 percent) of those surveyed stated that security measures for IT and OT systems are not coordinated in their companies.
• For almost half of the respondents (47 percent), cyber threats to OT systems have increased over the past year. These include attacks such as phishing, social engineering and extortion software (“ransomware”).

“From our point of view, it is crucial that companies tailor their cybersecurity measures to the specific requirements in Operational Technology. For example, some control systems may have limited cybersecurity controls in place and could subsequently be vulnerable to cyber threats. To do this, companies have to assess their OT cyber risk and invest time and money for best effect. It is alarming that in the view of the experts surveyed, there are too few financial or professional resources available for OT security. In addition, a holistic view of the security of industrial plants is often still lacking. In an increasingly networked world, industrial plants are only really secure if both their IT and OT cybersecurity is addressed”, Láhner says.

The “Study 2020 on the state of industrial safety” is available for free download at https://go.tuv.com/otsurvey-2020.

About TUV Rheinland

TUV Rheinland stands for safety and quality in almost all areas of business and life. Founded almost 150 years ago, the company is one of the world’s leading testing service providers with more than 21,400 employees and annual revenues of 2.1 billion euros. TUV Rheinland’s highly qualified experts test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TUV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption. Website: www.tuv.com

PRINCETON, New Jersey, July 1, 2020 /PRNewswire/ — Miami International Holdings, Inc. (MIH) today reported June 2020 trading results for its three fully electronic options exchanges – MIAX^®, MIAX PEARL^® and MIAX Emerald™ (together, the MIAX Exchange Group™). The MIAX Exchange Group collectively executed over 82 million equity option contracts in June for a combined average daily volume (ADV) of 3,728,639 contracts, representing a total U.S. equity options market share of 12.60%.