Yota Devices denied transfer from Russia to Canada – RBC

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Yota Devices – producer of “Russian iPhone» – has no plans to transfer the headquarters of Russia to Canada, said RBC spokesman of the company. He explained that in Canada will open a new office.

«Yota Devices does not transfer its headquarters in Canada and does not change the place of incorporation. General Director of Yota Devices Vlad Martynov not moved to Canada, and does not change the place of residence. YotaPhone been and will remain Russian product, cavity design and develop in Russia “, – said RBC.

« Yota Devices announces plan to open an office in Canada. On the eve of the start of sales of second-generation YotaPhone company has chosen a strategy to expand its presence in world markets. The new office will oversee the marketing of the product in North and Latin American region, “- he added.

« We highly appreciate the potential of this market and a positive view of our smartphone sales in the region, “- said in this regard, CEO of Yota Devices Vlad Martynov.

«Company enters the final stretch before the commercial launch of the second generation YotaPhone, to be held in the IV quarter of 2014. On the American market, the company expects to sell up to 30% of the second generation YotaPhone. Now the company Yota Devices six offices around the world, they are responsible for sales in Europe, Africa and the United Arab Emirates, as well as Singapore and Asia “, – concluded the spokesman.

The intention to move the headquarters of the Yota Devices -Apartment from Moscow to Toronto or Waterloo told Canadian newspaper The Financial Post, with reference to the CEO Vlad Martynov.

According to him, a manufacturer of mobile plans to attract “talent from Canada” who have lost their jobs after reductions in the BlackBerry. “Among them are brilliant engineers,” – said a top manager.

Of the 150 employees Yota Devices at least 15 previously worked in the BlackBerry, says the publication edition August 6. The company also employs several former employees of Nokia.

In the following year Yota Devices plans with the participation of the investment bank Jacob draw in capital of $ 100 million, as the company plans – out on the Toronto Stock Exchange in 2015.

Martynov emigrated to Canada in 2000, there live some other leaders Yota Devices, argues Financial Post. The publication says that today 70% of the company’s staff work outside Russia.

Yota Devices – Russian private company, whose core business is the development and production of high-LTE-subscriber equipment (smart phones, modems, routers) . Since its inception in 2009, the company sold more than 3 million units due generation 4G.

In December 2013 the manufacturer introduced a smartphone of its own design – YotaPhone. The main feature of the device is the presence of black-and-white display on the back of the smartphone, made by electronic ink technology. This option allows you to duplicate the sub-screen all informational messages without spending while charging your smartphone.

Sergey Kanashevich Marina Magay

August 11, 2014