by Arthur Yernjakyan
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.