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Dmitriy Duyunov tells what obtaining the CoC means for the project implementation and what further steps Sovelmash will take
What is a CoC?
The Certificate of Compliance (CoC) is a state document that confirms that the constructed facility fully complies with the design documentation and all relevant standards. Receiving a CoC means that the construction stage for the Sovelmash D&E is fully completed.
Congratulations to our investors and partners on this milestone!
Why is it important for investors?
1
Paving the way to commercial contracts and profit generation
2
The value of the company's assets increases considerably
3
The process of acquiring the company's shares is initiated
4
The risks of project non-implementation are minimized
Path to obtaining the CoC: what was accomplished?
Obtaining a CoC for an industrial facility is a complex, multi-stage procedure
The challenges that the Sovelmash team has overcome
Progress of the project now
The Sovelmash Design and Engineering Technology Department has been built. Most of the equipment has been purchased and launched. It remains to obtain a Certificate of Completion and Occupancy Permit, and after that, the facility will start fulfilling commercial orders and reach self-sustainability.
Next steps to earning dividends
1
Commissioning the D&E: a corresponding permit is to be obtained
2
Entering into the first contracts for the development of innovative products
3
Land purchase, balance sheet placement and company's asset valuation
4
Reorganization of the Sovelmash limited liability company into a joint-stock company
5
Exchange of investment shares for company's shares and distributing 49% of the Sovelmash shares among the investors
6
The enterprise achieving profitability and distribution of dividends to investors
Investment opportunities
Why now is the best time to invest?
Risks of project non-implementation are minimized
The price of investment shares is lower than the future price of company's shares
Prospects for high returns after the company becomes profitable
Affordable investment: from $ 50 per month when purchasing a package of shares in installments
The final funding stage: the last chance to buy investment shares on favourable terms
Frequently asked questions
When will the enterprise be up and running and start accepting orders?
How will I make a profit from my investment?
What guarantees do you provide to investors?
What risks do investors run?
Become a co-owner of an innovative enterprise at the stage with the most favorable conditions!