A candlelight ceremony in memory of Karen Vardanyan, CEO of the Union of Advanced Technology Enterprises (UATE) of Armenia, is being held in Yerevan on Saturday.

Karen Vardanyan was born in 1963. In 1986, he graduated from the Yerevan Polytechnic Institute as a hydro engineer.

In 2009, Vardanyan completed a course at Harvard University, at the Kennedy School of Management. He was the author of 7 patented inventions.