Trading Markets (press release), CA
Sept 5 2008
ArmTech Congress ’08 Highlights the Rise of Armenia’s High Tech Industry
Fri. September 05, 2008; Posted: 09:00 AM
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YEREVAN, Republic of Armenia and MOUNTAIN VIEW, Calif., Sept 05, 2008
/PRNewswire-FirstCall via COMTEX/ — SNPS | Quote | Chart | News |
PowerRating — The Armenian Technology Congress announced that the
annual high tech industry conference, ArmTech Congress ’08, will be
conducted on October 4 and 5 in Yerevan under the auspices of the
Prime Minister of the Republic of Armenia (RA), Tigran Sargsyan, and
supported by the RA Ministry of Economy, leading high tech industry
companies, academia and international organizations. The conference
will highlight the rise of Armenia’s strategic high tech industry
while promoting international business linkages and investments for
further growth.
The Government of the Republic of Armenia (RA) stressed the importance
of the ArmTech Congress. According to Nerses Yeritsyan, the RA
Minister of Economy: "The ArmTech Congress serves as a means to
provide the platform to discuss, plan and execute policies and actions
to keep Armenia on the current path of excellent achievement,
increasing its global recognition as one of the fastest growing high
tech destinations in the world. Moreover the Government of the RA
considers the ArmTech Congress an unprecedented opportunity to obtain
business and professional information, and make key connections
spanning the global high tech industry. Directly involved will also be
government representatives from Armenia and the U.S., major players in
the financial and services sectors and leading academics."
"ArmTech is envisaged as a recurring annual global high tech industry
conference, alternating between Silicon Valley and Armenia. Its
historical and successful debut in 2007 in Silicon Valley, California
established a challenging benchmark for subsequent years," said Tony
Moroyan, the founder and co-chair of ArmTech Congress. "We are very
happy that the Armenian Government has adopted ArmTech Congress as its
Global High Tech Industry Conference by holding the second ArmTech
Congress in Yerevan in 2008."
The continuing growth of the technology sector in Armenia, together
with the expansion of the global Armenian technology community, has
created a need for a professional forum to improve communications and
cooperation among Armenian high-tech professionals and executives. The
ArmTech Congress is the response to this need. ArmTech delivers an
ideal mix of international business insights, advanced technology
content, and networking channels to leverage opportunities for
professionals and enterprises in the community. With its wide range of
technology and business sessions, ArmTech Congress offers the
opportunity to share information, identify new business opportunities,
make new contacts, and create valuable extended professional
networks. The program of ArmTech Congress ’08 has been designed to
directly address these objectives.
ArmTech Congress ’08 will be attended by high tech industry successful
leaders from the U.S.A., Russia and Europe. Armenia will be
represented by government officials, international organizations and
representatives from academia, as well as experienced professionals
from leading Armenian high tech companies.
"Armenia holds great potential, but we continue to be impacted by
major and unnecessary challenges that greatly reduce the
attractiveness of Armenia for Foreign Direct Investment. A
progressive, forward thinking government can go a long way toward
making Armenia an investment destination. ArmTech Congress offers a
venue for a gathering of business, government and academic thought
leaders to openly discuss the issues and challenges, and agree to
actions that will strengthen Armenia’s business and IT environment,
making Armenia truly competitive in the IT sphere," said Rich Goldman,
vice president of Corporate Marketing & Strategic Market Development
at Synopsys, and CEO of Synopsys Armenia. "Challenges exist in all
three areas; government, academia, and business, and we must work
together to resolve them and develop ideas that will lead to the
accelerated economic development of Armenia. ArmTech gives us this
opportunity."
About Armenian Technology Congress
Headquartered in Silicon Valley, the Armenian Technology Congress was
founded by technology and business professionals to foster
professional growth in the worldwide Armenian technology community,
and to promote the growth of Armenia’s rapidly rising technology
sector. The organization welcomes liaisons with other entities that
are similarly aligned and has no political affiliations. Building on
the success of ArmTech ’07, the development of repeatable
international technology and business conferences is the current focus
of the organization. For more information, please visit
About ArmTech Congress ’07
The first Armenian Technology Congress, ArmTech Congress ’07, took
place in San Francisco, in California, USA on July 4-7, 2007, at the
Fairmont Hotel. Designed to promote professional networking and
valuable connections for operating companies and entrepreneurs, the
event, attended by nearly 300 participants, featured presentations of
the technology achievements and challenges of Armenia by numerous
operating companies, service providers, academic institutions and
government officials from the U.S., Armenia and around the world
Media Contacts Armenia: USA: Gayane Markosyan Jeff Muscatine Synopsys
Prospero Consulting Group Tel/Fax: 374 10 492356/374 10 492696 (PR for
Armenian Technology E-mail: [email protected] Congress) Tel:
1-650-320-8308 E-mail: [email protected] Mary Melikyan
Armenian Development Agency Tel/Fax 374 10 570170, #107 E-mail:
[email protected]
SOURCE Synopsys