Thursday, January 30 2014

Instigate CJSC, Armenia, will
invest nearly $1 million in production of multifunctional unmanned aircrafts
and automated control systems for them, Karine Minasyan, Deputy Minister of
Economy, said in the Government, Thursday.

 

The Government has licensed Instigate Robotics CJSC
(subsidiary of Instigate CJSC) for exploitation of free economic area Alliance
in the territory of Mars RAO.  The
deputy minister said the company plans to create 25 highly-paid jobs. The
production space of the free economic area Alliance will total 200 square
meters. Sitronics Armenia CJSC will lease the given area for $8 per sq m for a
period of 10 years. The output will be exported to Northern America, Europe, Middle
East and the former Soviet countries. The company plans to export up to $1.9
million products, the deputy minister said. The company has already mastered
the technology of production of two models of unmanned aircrafts Educotper and
Photocopter.

 

Prime Minister Tigran Sargsyan, in turn, said the
Government has approved rather serous economic programs, including manufacture
of Armenian tablets that will be launched already in the current year.  It is the second solid investment program,
he said.

 

Instigate Robotics is a spin-off company of Instigate
CJSC launched in 2013. Instigate Robotics is specialized in robotics and
industrial automation solutions such as Unmanned Aerial Vehicles (UAV), 3D
printers, CNC devices and robotics kits for schools. Instigate cjsc is an
engineering company with hardware and software teams based in Yerevan and four
other cities of Armenia. The company is represented in the US, EU, Israel and
Georgia. The company is specialized in Electronic System Level design and modeling,
EDA software design, software acceleration and parallel programming, using
modern technologies such as AMD/NUMA and NVIDIA/CUDA. Instigate cjsc was
founded on July 6, 2005.

 

 

The subsidiary of Sitronics
OJSC, SITRONICS ARMENIA CJSC, created the first free economic area in Armenia
on 1 August 2013.  The subsidiary has
been created in order to centralize the management of the CJSC Mars plant and
three scientific research institutes, and the management of a free economic
zone, which is created on these sites.  The
residents of the free economic are will act on the principle of 'one window'
and enjoy favorable tax field.