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YottaYotta's Gotta Lotta

When we last heard from YottaYotta Inc. in May 2003, CEO Bart Shigemura promised the company would keep a low profile until it could announce customers (see YottaYotta Notta Corpse Yet).

So far, he's delivered on the low profile -- YottaYotta's been pretty much mute on its activities for months. But the Edmonton, Alberta-based company is in the news today -- without any customers to announce.

Sources at YottaYotta say Shigemura's not to blame -- Canada is. Because the Canadian government announced that Technology Partnerships Canada (TPC) -- a government agency that provides companies with support for strategic research and development -- has invested $7.67 million Canadian (US$5.9 million) in YottaYotta, the company went ahead and disclosed its entire funding round of $21 million Canadian ($16 million).

CTO Wayne Karpoff says he’d rather announce customers for the company’s distributed SAN system, but he’s not quite ready to disclose any. “Clearly, a round like this is a vote of confidence from investors, but it’s not what we want to announce,” Karpoff says. “The only thing right now that counts is customers. We’re not ready to announce any yet, but watch this space. It’s coming soon.”

The company hasn't always been this cagey. When YottaYotta announced two paying customers in January 2003, then-CEO Steve Mattioli said he hoped to have two more customers by the end of that month (see YottaYotta Gotta Customer). Mattioli was gone the next month (see YottaYotta's Gotta Problem). But for what it’s worth, YottaYotta still has the original customers: Capital Health Authority, a chain of hospitals, and Internet2, a research consortium.

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