Tampere, Finland – New Delhi, India
Media Release 18 May 2016
Release Date: Immediately
The Finnish technology company Yepzon has landed an important distribution contract with Ayana Navigation Solutions, an Indian company specializing in navigation and multimedia solutions. The contract allows Yepzon, a GPS location service and equipment provider, to open a new production line in New Delhi.
The distribution contract with Ayana Navigation Solutions (ANS) and the new production line in New Delhi will support Yepzon to meet its growth targets and open the doors to India’s massive inner market. Yepzon’s product manufacture in Finland will remain unchanged.
“Opening a production line in India will give us access to India’s vast market with over a billion consumers. Furthermore, India’s low expense levels and quick product development will give us a competitive edge on the global market. We will be able to launch a new consumer product to global mass production very quickly, within 3 months,” says Yepzon’s Otto Linna.
ANS has developed numerous solutions for the global navigation market, tailored for the needs of the automotive industry, companies, as well as private consumers. ANS’s partners include such heavyweights as Volkswagen, Toyota Tsusho, TomTom and Blaupunkt.
“In the coming years, the potential of Yepzon’s current and future products in India alone is tens of thousands of devices, especially for children and women,” says Amit Sharma, Sales and Business Development Director at ANS.
Yepzon will launch a new-generation personal security device this summer, combining both alarm and locator functionalities. This fall, the company will introduce a new location and shipment-tracking service for the industrial and logistics sectors.
“We are in the middle of great investments, supported by a current share issue in Finland,” Mr. Linna continues.
Yepzon Oy’s share issue will be realized in tandem with Innovestor Oy, a company specializing in start-up funding.
Otto Linna, CEO, Yepzon Enterprises
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Amit Sharma, Director, Sales & BD, Ayana Navigation Solutions Pvt. Ltd
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Yepzon Enterprises is the developer of easy-to-use mobile location services. Founded in 2013, the company has a staff of four and employs approximately 20 product developers on subcontracts. Yepzon is in entirely European and primarily Finnish ownership, divided between private investors operating in different fields. The company’s headquarters are in Tampere, Finland. Yepzon Ltd., registered in London, is a subsidiary completely owned by Yepzon Oy. Yepzon Inc., registered in Nevada, USA, is a joint enterprise with Global Expansion Solutions. www.yepzon.com
Ayana Navigation Solutions (ANS) is a company established in 2011, located in India, developing and offering complete navigation solutions and car multimedia systems. It provides highly customized, localized solutions for numerous regions, including India, Middle East, Africa, Europe, Russia & CIS, North-America and more, besides offering a global coverage from the navigation contents’ perspective. www.ansportal.com