Press Release

                                   19.12.2007 at 9.15 a.m.

       

       

       

       

       Cooperation agreement signed between Technopolis and

       St. Petersburg Technopark OJSC

       

       The company intends to invest in the construction of the

       technopark based on the Bonch-Bruevich Saint-Petersburg State

       University of Telecommunications (SUT)

       

       Within the framework of the on-going cooperation between

       Technopolis and Russian Ministry of IT and Communications,

       Technopolis has signed the cooperation agreement with the

       newly-established “St. Petersburg Technopark”. The agreement

       relates to future construction of the State University of

       Telecommunications based IT science and technology park. OJSC

       “St. Petersburg Technopark” has been set up to implement the

       state program “On creation of high-tech technology parks on

       the territory of Russian Federation”. Before, Technopolis

       along with the Ministry of IT and communications, has been

       already actively involved in implementation of particular

       parts of this program.

       

       Peter Coachman, Technopolis Director of Russian operations,

       underlines that the carried out by Technopolis, in

       collaboration with the Ministry of IT and Communications,

       technopark development pilot project for SUT allowed all

       parties to define future growth direction, set priorities and

       determine cooperation forms and principles for achieving a

       common target. “Now we have to start implementing these ideas

       into reality”, he emphasises.

       

       Evgeny Elin, General Director of St. Petersburg Technopark

       OJSC, points out that the pilot IT science and technology park

       specializing in the sphere of telecommunications and

       information technologies will be constructed in St.

       Petersburg. “This project is going to be carried out within

       the framework of the state program “On creation of high-tech

       technology parks on the territory of Russian Federation”, he

       adds. “The technology park complex will be situated on the 43

       hectares land plot immediately adjacent to the University,

       next door to Dybenko underground station”.

       

       Infrastructure costs will be an expense of both federal and

       municipal budgets, whereas an operating environment for future

       technopark residents will be funded by private investors.

       Pertti Huuskonen, President and CEO of Technopolis Plc informs

       that Technopolis intends to create, in stages, not less than

       100,000 square meters of first class operating environment for

       companies operating mainly in computer technologies and

       telecommunications area. The total of all investments into the

       project will be about USD 150 million.

       

       Leonid Rejman, Minister of Information technologies and

       communications believes this technology park will make a

       substantial contribution to the country’s innovative

       development.

       

       The Bonch-Bruevich Saint-Petersburg State University of

       Telecommunications is the leading technical educational

       institution of Russia and one of the oldest technical schools

       training skilled specialists in the field of communications

       and information technologies. Over 8,000 students study there.

       

       

       

       For additional information, please contact:

       

       Technopolis Plc,

       Pertti Huuskonen, President and CEO, tel. +358 400 680 816

       Peter Coachman, Director of Russian operations, tel.

       +7 812 448 32 61

       

       St. Petersburg Technopark OJSC,

       Evgeniy Elin, General Director, tel. +7 812 920 13 88

       

       

       In terms of the number of customer companies, Technopolis Plc

       is one of Europe's largest technology centers. The Technopolis

       Group is Finland’s largest specialized provider of operating

       environments for high tech companies, and it offers a

       comprehensive service package combining modern premises and

       business and development services. Technopolis operates or is

       building centers in Espoo, Helsinki, Jyväskylä, Lappeenranta,

       Oulu, Tampere and Vantaa in Finland and in St. Petersburg in

       Russia.