Media release 6 April 2017
Free for release: immediately
Yepzon Enterprises, a Finnish developer of location devices and services, has launched an equity issue as a part of a financing package of approximately MEUR 3 to be arranged by the summer. The issue began on 6 April 2017 and will end on 5 May 2017.
Yepzon has achieved the position of technology leader in the location field and has grown strongly, systematically seeking market leadership and international growth. The company has an offer book amounting to over MEUR 20, which indicates that the locator market will grow in the coming years – the time is right for expanding operations.
“Now is the time to scale up. The new network standards change the playing field. Our investments in India are also starting to translate into sales in Asia and will improve the profit margin for the current year,” says Yepzon founder Otto Linna.
Locators are quickly becoming more common
The accuracy of location technologies is improving and the price level is falling, which is why their applications are expanding rapidly. Yepzon One, the small and intuitive GPS locator, and Yepzon Freedom, the personal security device that was launched this spring, have been well received. The company also offers a new kind of location service for the needs of industry and logistics. The equity issue is done in co-operation with Innovestor Ltd, a company that specialises in financing growth companies and believes in Yepzon’s growth potential.
“In our view, locators will become much more common in the future, for example in locating children, the elderly, pets and valuables. An increasing number of companies are also starting to use locators in logistics and monitoring high-priced production equipment. Yepzon is one of the top companies in locators worldwide,” says Antti Parviainen, Chairman of the Board at Innovestor.
Media investment accelerates awareness of Yepzon’s brand and products
Active marketing has been Yepzon’s strong point from the start. The company has already run many successful marketing campaigns that caught people’s interest. MTV’s Media For Equity (M4E) fund, which invests media time in companies seeking growth and consumers, is involved in the equity issue.
“M4E invests in companies with competent and energetic management, an interesting product and/or service as well as an opportunity in the market. Yepzon has it all. Yepzon is already international, and the company’s performance so far has been credible,” says Riitta Palmén, Investment Manager and Founding Partner at M4E.
More information about the equity issue: www.innovestor.fi
CEO, Yepzon Enterprises
+358 43 217 0275
Chairman of the Board, Partner, Innovestor Ltd
+358 50 373 3255
Yepzon Enterprises develops easy-to-use mobile location services. Founded in 2013, the company directly employs nine people and approximately 20 subcontracted product developers. Yepzon is wholly owned by European and mostly Finnish private investors operating in various sectors. The company’s head office is located in Tampere, Finland. Yepzon Ltd, registered in London, is a wholly-owned subsidiary of Yepzon Oy. Registered in Nevada, US, Yepzon Inc. is a joint venture with Global Expansion Solutions. www.yepzon.com