COMPANY HISTORY
What did Teltonika look like in the beginning? How did it grow from one-person business to a large company group?
TIMELINE OF THE MAIN EVENTS
Arvydas Paukštys founded Teltonika.
Teltonika’s first GPS tracking device, TBOXN12GPS, was introduced. It marked the beginning of the telematics business niche.
We started using a new logo, representing a well synchronised teamwork just like in boat-racing. We work best as a team, all together, and at the same pace. We integrate different people and all grow simultaneously. This way we reach our maximum speed. Those who are best at rowing together in unison always win.
First successful Teltonika devices were made, such as glucose measuring device, timing system device, and current meter.
We launched our trial Guard GSM project. The main purpose of this IoT device was to control external sensors and retrieve data from them to make corresponding security actions.
At the Infobalt Expo 2003, we presented a versatile programmable controller, which won the Best Product Award.
Teltonika introduced its first fleet management platform TAVL. Its purpose was to display and manage real-time data retrieved from tracking equipment and collect information on the actions and assets of the vehicle operator.
The founder of Teltonika Arvydas Paukštys was named Manager of the Year in Lithuania.
The first SMT line was opened on Liepkalnio street in Vilnius – a real breakthrough in Teltonika’s production. It enabled us to work more effectively and produce even more innovative products.
Teltonika introduced the first router based on cellular technology – RUT100, which marked the beginning of Teltonika’s networking business niche. RUT100 devices are still successfully used in some industry sectors.
For our developed vehicle tracking systems, we won the Innovation Prize in the competition organised by the Lithuanian Innovation Centre and the Lithuanian Confederation of Industrialists.
We produced Teltonika’s first GSM module – TM2. It was intended for telemetry equipment and worked as an external 2G modem.
Lithuania’s Ministry of the Economy and Innovation awarded Teltonika with a Medal of Merit for business development in Vilnius County.
Our division in Kaunas, Lithuania, opened its doors. Today, Kaunas is the home of our networking solutions business unit.
We started our international expansion with the first foreign offices in Hong Kong and Pakistan.
We stepped into the new personal and asset tracking business niche by introducing a new device – GH3000, which was intended to transmit the user’s location and call for help in the event of an emergency.
Teltonika represented Lithuania at the international CeBIT 2009 exhibition. We presented various types of modems, transport management and personal surveillance systems, video solutions, and other devices.
Our production facilities and SMT lines underwent a major upgrade and modernisation. It led to a significant increase in production volumes.
We launched the FOTA platform to provide even more value for our clients. FOTA is a software update and configuration tool, allowing our clients to easily make any desired changes remotely.
Teltonika began providing electronics assembly services to other companies. Today, Teltonika EMS, part of the Teltonika company group, successfully helps clients from various countries by providing electronics design, development, and contract manufacturing services.
We opened the first IoT academy in Lithuania that invites students to learn more about creating the Internet of Things devices and try different engineering and IT professions.
Our experience in design and production as well as usage of cutting-edge technologies helped us to focus on user-friendly IoT solutions, and we started the Easy Key to IoT campaign. Since 2016, every device developed by Teltonika has a convenient and easy-to-use interface, which allows for its effective remote management.
We installed a new module calibration robot in our production facilities, enabling the calibration of up to 9 000 modules per day. This robot was a creation of Teltonika’s manufacturing engineers, replacing manual work with automated one.
We also opened the first Lithuanian B2B Academy. This academy helps young people learn how to create successful business connections and gain experience in sales and marketing.
Rapid growth requires a larger production capacity. Therefore, we acquired a new SMT line.
In the Lithuanian Sector Leaders 2018 competition, Teltonika was ranked as one of the top companies in the manufacturing sector.
Arvydas Paukštys, founder of Teltonika, became the first person in Lithuania to be named national patron. He donated one million euro towards the reconstruction of the Church of the Blessed Virgin Mary of the Rosary in Balbieriškis, Lithuania.
We upgraded our production facilities by installing a fully automated product assembly line. Six robots have been responsible for the complete assembly cycle of components, from the integration of the main electronic board into the casing to the laser engraving of the product information.
We announced our plans to establish the Teltonika High-Tech Hill technology park in Vilnius. It will include a new electronics assembly plant, a PCB factory, a plastic parts manufacturing facility, semiconductor chip assembly, testing, and manufacturing facilities, administrative offices, a data centre, a commercial building, and parking facilities. The total investment in the Teltonika High-Tech Hill technology park is estimated at about €3.7 billion.
To accelerate growth and function more effectively, Teltonika was reorganised into a company group with the holding company Teltonika IoT Group and Arvydas Paukštys as the president. During reorganisation, separate companies were established inside the group, each focusing on a different business niche: Teltonika Telematics, Teltonika Networks, Teltonika Telemedic, and Teltonika EMS.
During the first year of the COVID-19 pandemic, Teltonika embarked on developing the first Lithuanian artificial lung ventilator. For this project, the founder of Teltonika Arvydas Paukštys received the Order of the Knight for merits to Lithuania award.
Teltonika also committed to commercialise and produce a smart wristband based on the Kaunas University of Technology and Vilnius University algorithm. Its purpose is to detect atrial fibrillation and help people with heart rhythm problems. The mass production of this unique device, capable of recording a 6-lead electrocardiogram, has already started.
Teltonika took fourth place in the Lithuanian Business Leaders 500 ranking and among the strongest Lithuanian companies in the manufacturing industry.
We announced ambitious plans to create a semiconductor chip industry in Lithuania. The project encompasses such activities as semiconductor chip design, fabrication, assembly and testing, and power module manufacturing.
We welcomed the Head of the Taipei Mission to the Baltic States at the Teltonika manufacturing facilities and discussed the opportunities for cooperation in developing joint business between Taiwanese and Lithuanian companies.
For ambitious business development and exceptional corporate social responsibility, Teltonika won the Lithuanian National broadcaster’s Business Leadership of the Year Award.
We established a public institution by the name of Teltonika High-Tech Hill. This institution aims to promote cooperation between business and science and motivate young people to choose careers in engineering and IT. It supervises Teltonika’s academies and scholarship programmes.
Teltonika launched a scholarship programme for first-year students in specific engineering and IT study fields. About 250 students in Lithuania each received a €3,000 scholarship.
We introduced a new business niche – developing innovative electric vehicle charging solutions, which effectively contribute to reducing CO2 emissions. The first product is the smart EV charger TeltoCharge.
We launched the first 5G products made in Lithuania – the RUTX50 router and TRB500 gateway.
We started mass production of the EV charger TeltoCharge. Thanks to the talented and highly-skilled Teltonika’s engineers, the EV charging station was developed in less than a year.
In the traditional Lithuanian Product of the Year competition, we won two gold medals for the EV charger TeltoCharge by the Teltonika Energy company and the EYE sensor device by Teltonika Telematics.
In October, we opened a modern Teltonika Technology Centre in Molėtai, which was built in just nine months. It is the second production unit of the company group, manufacturing network equipment, EV charging stations, and smart heart monitoring wristbands.
We welcomed a team of semiconductor research experts and scientists from Taiwan’s Industrial Technology Research Institute (ITRI). The meeting with the delegation of more than 30 people took place at Teltonika EMS. The delegation shared insights on how we can cooperate in terms of technologies and developing employee competences.
The Adizes Institute Worldwide awarded Teltonika as Company of the Year 2021 for achieving exceptional results on a global scale by adopting the Adizes methodology.
We have started the construction of a state-of-the-art PCB manufacturing plant, which will emerge as one of the buildings in the future Teltonika High-Tech Hill technology park in Vilnius. The budget for this project is estimated to be €143 million. Teltonika’s PCB factory is expected to become one of the most advanced of its kind in Europe.
Teltonika has received a building permit for a new electronics assembly plant in Vilnius. Together with the upcoming PCB factory, the new electronics assembly plant will emerge as part of the Teltonika High-Tech Hill technology park. It will house 10 electronic assembly lines, 20 testing lines, 4 packaging lines, a modern robotic warehouse, and laboratories. The production capacity is expected to reach more than 18 million products per year.
For creating high added-value in the Molėtai region and for our substantial investment in the technology centre project, we received the Investor of the Year award.
We have launched the mass production of TeltoHeart, a multifunctional smart wristband with 6-lead ECG, designed to help people with heart rhythm problems.
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Among the nearly 30 offices we rent worldwide, 2024 marked a major milestone: we finally moved into our first building constructed specifically for us. In early spring, the brand-new Teltonika headquarters welcomed its first settlers in the heart of Vilnius, at Saltoniškių Street 14. This became the central hub for the management of the entire Teltonika company group, coordinating the activities of all our representative offices around the world. The headquarters feature five floors of modern workspaces and two levels of underground parking. Designed and built in line with the international BREEAM standard for sustainable buildings, they offer smart office solutions, energy-efficient engineering systems, and automated control of ventilation, heating, and lighting. A 400 m² glass roof brings in abundant natural light, while spacious kitchenettes, lounge areas, and a 100-seat restaurant provide a comfortable and inspiring environment for our teams.
Teltonika has entered a new phase of its business development. Arvydas Paukštys transfered the management of the Teltonika company group to Marius Derenčius. Starting August 2024, Marius Derenčius is the new CEO of the company Teltonika IoT Group, which controls the Teltonika brand companies, and the president of the whole company group.
“These changes stem from the business development plans of the investment company AGP Investments. By implementing them, we are consistently increasing the number of our business activities. I am handing over the management of Teltonika to an experienced leader who has dedicated many years to the development of our IoT products business. I believe that this change will allow Teltonika to focus on its ambitious global growth plans, while my increased involvement in AGP Investments’ projects will help other businesses to grow faster,” says A. Paukštys, who owns 100% of AGP Investments shares together with his family.