Sitronics was founded in 1997 in Zelenograd and was initially named "Scientific Center". The company became a fully vertically integrated company by 2000 and was organized into three business streams: Telecom Solutions, Information Technologies, and Microelectronic Solutions. The first focused on the development and manufacture of software and hardware for fixed and mobile communications operators and corporations in the communications services sector while the second handled consulting, enterprise management systems, system integration, distribution, training, and after-sales services, among others. The third stream specialized in the design, manufacture and sale of microelectronic products such as computer chips and smart cards. Mikron - a division of this third unit - is focused on the development of its RFID labels and is reported in 2013 as Russia's largest producer of this technology, with a capacity of 50 million tags monthly. In January 2005 its headquarters was moved to Moscow and in November 2005 the company got its current name. It began an aggressive internationalization strategy, which is based on partnerships with regional and global players such as Cisco Systems, STMicroelectronics, Infineon, Giesecke+Devrient, Siemens, Motorola, Oracle, Intel, Sun Microsystems, and Microsoft, among others. On February 7, 2007 the company placed an IPO on the London Stock Exchange. Through a series of acquisitions it has become a leading Russian microelectronics company with revenues exceeding $1 billion in the first 9 months of 2007. The company delisted from the London Stock Exchange in 2012.
Telecommunications
The company will produce nano-SIM cards on orders from one of Russia's big threemobile phone operators to be used in new Apple iPhones. The first batch will comprise about 50,000 cards that will be used in iPhone 5 gadgets. Sitronics also makes an array of mobile phones. For instance, in 2010, it launched the first smartphone that featured the GLONASS technology, particularly the 90 nm GPS-GLONASS chip. One of the important ventures of Sitronics overseas was it association with ZTE Corporation, holding 51 percent to the latter's 49 percent in a joint-venture that aimed to enable the company to migrate its mass manufacturing and production capacity from Europe to Southeast Asia.
