OREANDA-NEWS. September 25, 2009. JSC SITRONICS (SITRONICS or the “Group”) (LSE: SITR), a leading provider of telecommunications, information technology and microelectronic solutions in Russia and the CIS, with a growing presence in other EEMEA emerging markets, today announced that it has established a new subsidiary called CJSC SITRONICS ARMENIA in Yerevan in Armenia.

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 being created on these sites. The assets are owned by the Russian Federal Agency for State Property Management (Rosimushchestvo), and have been managed by SITRONICS since 2008.