NEC and Russian Racecourses sign Memorandum of Understanding
Tokyo & Moscow, September 5, 2016 - NEC Corporation (NEC; TSE: 6701) today announced that JSC NEC Neva Communications Systems (NEC Neva), a wholly owned subsidiary, and JSC Russian Racecourses have signed a Memorandum of Understanding (MoU) at the Eastern Economic Forum in Vladivostok. The agreement enables the companies to cooperatively explore opportunities in fields that include Information and Communication Technologies (ICT) and the modernization of electronic and multimedia systems for sports facilities and stadium (hippodrome) infrastructure.
The MoU was signed by Akihiro Sakurai, the Managing Director of NEC Neva, and Nikolay Isakov, the General Director of JSC Russian Racecourses. The companies have agreed to communicate, hold joint conferences and round tables, as well as to organize a series of work meetings with the aim of developing programs of mutual interest.
"NEC Corporation is continually working on the development of innovative new technologies with partners throughout the world in a wide range of spheres - from the agricultural field to artificial intelligence," said Akihiro Sakurai. "We believe that the exchange of accumulated experience and information as well as the implementation of joint research with JSC Russian Racecourses will contribute to the resolution of company challenges and the launching of valuable new services to the market."
JSC Russian Racecourses and NEC Neva plan to cooperate in the field of telecommunications and the provision of information and computer technologies for the construction and modernization of Russia's hippodromes. The parties will create joint working groups in order to develop specific programs for achieving the goals stated in the MoU.
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
The NEC Group globally provides "Solutions for Society" that promote the safety, security, efficiency and equality of society. Under the company's corporate message of "Orchestrating a brighter world," NEC aims to help solve a wide range of challenging issues and to create new social value for the changing world of tomorrow. For more information, please visit
NEC is a registered trademark of NEC Corporation. All Rights Reserved. Other product or service marks mentioned herein are the trademarks of their respective owners. © NEC Corporation.
About NEC Neva Communications Systems
JSC "NEC Neva Communications Systems" was established in May 1997 as a local factory of NEC's digital switching system and provides engineering, system integration and professional services. NEC has owned 100 percent of its shares since Autumn 2009. For detailed information, please, visit the website http://ru.nec.com
About JSC Russian Racecourses
JSC Russian Racecourses was established in 2011 according to the Presidential Decree dated 08.08.2011 №1058 ≪On Joint Stock Company uniting the hippodromes of Russian Federation". The Priority areas of the company activity: development of the national horse-breeding industry, creating the conditions for functioning of the national system of horse betting and integration into the international horse betting.
On October 30, 2014 JSC Russian Racecourses has got the license №29 to perform activities on organization and execution of gambling in bookmaker companies and bettings.