Tampere, Finland – Lørenskog, Norway
Media Release 3rd May 2016
Release Date: Immediately
The Finnish technology company Yepzon, a location device and service provider, has made a group-level retail agreement with the Elkjøp Nordic. By this agreement, the electronics giant Elkjøp will introduce Yepzon’s new locators to approximately 300 outlets in Scandinavia.
Outside Norway, Scandinavia’s largest home entertainment electronics retailer Elkjøp Nordic is better known as Elgiganten. In Finland, the company is famous for its Gigantti brand. Yepzon’s first locator, Yepzon One, has been stocked by Elkjøp since December 2015. The new Yepzon Freedom personal safety alarms will arrive in Elkjøp shops in summer 2016.
“Yepzon Freedom will enter mass production in September but due to great demand we brought the schedule forward and will send out special batches starting this summer. Our Yepzon™ location service has already been localized for the Danish, Norwegian and Swedish markets, and soon these eagerly-anticipated locators will become available to consumers through Elkjøp,” says Mr. Otto Linna, CEO of Yepzon.
In total, the Norwegian Elkjøp Nordic has more than 400 shops and retail operations in Norway, Sweden, Denmark, Finland, Iceland and the Faroe Islands.
“The future of locators is bright. We place our faith in the success of Yepzon Freedom specifically thanks to its user-friendly service and technologies. Here at Elkjøp, we believe that the IoT technology will keep developing and that consumer products utilizing it will grow considerably more popular in the years to come,” says Mr. Fredrik Melin, Buying Manager of the Elkjøp Nordic.
“Elkjøp is a really welcome retail partner for us. Not only is the company an incredibly active sales professional, it also offers a great delivery channel to all Scandinavian countries. We are delighted to have reached this agreement, and hold high hopes for our mutual collaboration,” says Mr. Linna.
Yepzon’s first locator, Yepzon One, hit the Finnish market in December 2014. Since then, the device has become available in Italy, Spain, Germany, and the US. The device is specifically designed for locating persons but is also widely used by owners of pets and valuable assets.
Launched in the summer, the new Yepzon Freedom is a next-generation personal safety alarm equipped with the most advanced location features in the market.
Otto Linna, CEO, Yepzon Enterprises
firstname.lastname@example.org, tel. +358 43 217 0275
Fredrik Melin, Buying Manager, Elkjøp Nordic
email@example.com, tel. +46 701 09 7485
Yepzon Oy 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
Elkjøp Nordic is one of the largest consumer electronics retailers in the Nordics with a revenue of NOK 29.8 billion in the fiscal year 2014/15. Operating profit was NOK 947 million. The chain consist of more than 400 shops and has retail operations in Norway, Sweden, Denmark, Finland, Iceland and the Faroe Islands. Elkjøp was formed in Norway in 1962, originally as a collaboration between 33 volunteer traffickers. Then – as now – much of the success is due to a strong corporate culture. Today Elkjøp Nordic employs about 10.000 people, all geared towards a common goal: to provide our customers good value for their money, as well as an easy and pleasant shopping experience. Elkjøp is owned by the British Dixons Carphone – one of Europe’s largest consumer electronics retailers.