HMS Group representative makes a presentation on “Russia- the territory of efficient entrepreneurship” Forum

Deputy General Director of HYDROMASHSERVICE, a subsidiary of HMS Group, A. Frolov delivered a presentation during annual Forum “Russia- the territory of efficient entrepreneurship” which took place on 21 September 2011 in Skolkovo School of Management and was initiated by the Assembly of business community. The mission of the Forum is to support the initiatives presented by the President of Russia that are aimed at investment climate improvement and industrial and innovative development of the country.

Mr. Frolov made his presentation “Implementation of power efficient solutions and equipment during modernization of pumping systems and turn key projects in water supply and water disposal” during «Communal services reform” roundtable.

In his speech, Mr. Frolov expanded on the following topics: HMS Group as a supplier of complex solutions for water management and communal services; usage of energy efficient equipment; the Group`s experience in turn key projects implementation and its participation in federal dedicated programs for modernization of water supply and disposal systems.

The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. The Group reported revenues of RUB 7.1 billion, adjusted EBITDA of RUB 1.6 billion and profit for the period of RUB 1 billion for the three months ended March 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

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