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Russian, Spanish firms sign IT MOU

MADRID, Nov. 8 (UPI) -- Government-owned Russian Technologies and Spain's Indra have signed a Memorandum of Understanding to promote joint technology projects.

The companies said they identified numerous common sectors of activity in which they can collaborate; for instance, transport and traffic management, healthcare, public administration, finance, industry and homeland security and defense.

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Indra, with its alliance with Russia's main holding of technology companies, seeks to promote its presence in the Russian market as well as in those economies where the country has influence.

The agreement is in line with Indra's expansion strategy to the international market, especially regarding those economies with a growth potential. Russian Technologies will reinforce its position in Europe and Latin America, where the company operates and Indra holds a significant leadership.

Russian Technologies has collaborated with Indra in a research-and-development project called Manta. It consists of an innovative aircraft protection system which is under way.

Russian Technologies State Corp. is designed to assist Russian organizations, developers and manufacturers of high technology industrial products, in their development, production and exports by providing support in domestic and foreign markets and attracting investors.

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