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(Wireless-NewsWire.Com, November 10, 2014 ) This press release is available in Arabic:
The second generation YotaPhone is the newest smartphone produced by the Russian company - Yota Devıces, where Rostec State Corporation owns a 25% stake. The new smartphone has dual screens and boasts a unique set of functions, while a special version of the smartphone has a unique system of data protection developed by Russian engineers making the phone’s security level unprecedented. Russian specialists also developed the phone’s architecture and design; the phone has over ten new patented technological innovations.
The choice of YotaPhone as a present to the Chinese leader is a symbol and the result of successful cooperation between the two countries in the high-tech field.
Yota Devices owns know-how and patents to the intellectual property. The company has developed the phone and launched its production, while Chinese specialists - the leaders in microelectronics - were able to implement Russian engineering ideas, set up a full production cycle and provide quality parts and highest standards of assembly to produce the high-tech device.
"Under the auspices of Rostec, Russia is developing a global business in the field of consumer electronics. In the times of globalization it is impossible to create a competitive world-class product within just one country; best solutions from global companies have to be implemented. All intellectual solutions in the new YotaPhone are Russian including the concept, design and the architecture of the device. The nucleus of adding value is in Russia,” said Rostec’s CEO Sergey Chemezov. “Within the framework of the new smartphone development Yota Devices has developed a wide network of cooperation with the world’s main parts producers. Through cooperation with Chinese partners the phone’s high standard of quality was preserved while its pricing remained competitive, which makes the phone attractive for the market. This is why in general this smartphone is a global innovative product.”
In three years Yota Devices turned from a small start-up into a global company with offices around the world and with sales constantly expanding across new markets. Within this time the company was able to set up sales of the first-generation smartphone in over 20 countries.
“Russian president Vladimir Putin’s decision to present a YotaPhone to the Chinese leader Xi Jinping is a very high assessment of our product. Yota Devices is a young and a fast-growing Russian company which is building a global business. China for us potentially is the largest sales market, and we recently opened an office there, - said the CEO of Yota Devices Vladislav Martynov. We highly value the cooperation with our Chinese partners. As part of the development of the first YotaPhone, we were able to set up effective international cooperation with participation of the world’s leading parts producers including Chinese.”
New generation of YotaPhone will be unveiled in Russia in December of 2014 simultaneously with the sales launch. It will be followed by the start of sales in Europe, while in the first quarter of 2015 the phone will be launched in the Chinese market and in the South-East Asia.
The development of relations with China is one of Rostec’s priorities. The corporation has signed several agreements with Chinese state corporations which include the Poly Group, China Electronics Technology Group Corporation (CETC), Xinwei Telecom Enterprise Group, CASIC, China Aerospace Science and Technology Corporation (CASC) and others.
One of the largest recent projects is the agreement with Shenhua, one of the world’s largest producers and distributors of coal. The agreement will provide a comprehensive solution for developing the industrial infrastructure of Siberia and Far East. The total investment volume is up to 10 billion dollars.
Joint new market development projects between Rostec and the Chinese partners are also expanding, which include a Rostec’s project with China’s largest machine building corporation SINOMACH. General agreement was reached to create a joint company with a total investment of U.S. $10 billion; the company’s areas of interest, among others, will include the countries of the CIS, Africa and Latin America.
Rostec State Corporation – is the Russian corporation established in 2007 to promote the development, production and export of high-technology industrial civil and military goods. It comprises about 700 enterprises which currently form 9 holdings in the defense industrial complex and 5 holdings in civil industries. Rostec’s enterprises are located in 60 regions of Russia and serve the markets of over 70 countries. In 2013, its revenue was 1.04 trillion rubles, net profit – 40 billion rubles and tax payments to the budgets of all levels exceeded 138 billion rubles.
Yota Devices – is the developer of YotaPhone, world’s first dual-screen smartphone, with one always-on screen. YotaPhone was awarded the Best Product at CES according to CNET in 2013. It was also awarded а Golden Lion in the Innovations category at the international Cannes Lions. YotaPhone was launched in December of 2013. Currently the smartphone is sold in Russia, Belarus, Poland, Great Britain, Germany, France, The Netherlands, Finland, Spain, Italy, Portugal, Sweden and Denmark. Yota Devices – is an international privately owned company with offices in Europe, Asia, Africa and Canada. It is headquartered in Moscow. Main activities of Yota Devices include development and production of high-tech LTE equipment (smartphones, modems, routers). From the start, the company has sold over 4 million devices for the 4th generation networks. The company employs leading microprocessor and software developers from Russia, Finland and Singapore. The company’s website is located at:
www.yotadevices.com.
For media inquiries please contact:
Kate Brewer, Corvette Services, on 07730-766195 or kate@corvette-services.com
Brittany Siddall, Corvette Services on 07731-769269 or britt@corvette-services.com
Yota Devices
Brittany Siddall
07731-769269
britt@corvette-services.com
Source: EmailWire.Com 
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