IDT acquires a 60% interest (now 100%) in a German
barometer manufacturing company, Huger Barometer
GmbH.
To further penetrate the European and the North American
markets, IDT opens a sales and marketing subsidiary
in the U.K. and acquires a 50% interest (now 100%)
in a small U.S. company, Oregon Scientific, Inc.
1991
IDT further diversifies
its product portfolio with acquisitions and joint
ventures in two new product areas:
Electronic Stationery
– IDT acquires a 50% interest in a Hong Kong
company specializing in electronic LCD translator
products.
Cordless Telephones
– IDT acquires a 20% interest in Smoothline,
a manufacturer specializing in the design and
manufacture of cordless telephones. This interest
is sold in early 1994 when IDT decides to invest
in its own designs and manufacture its own telecommunications
products.
1992
IDT enters the blood
pressure monitor business in a joint venture with
a Korean manufacturer in order to strengthen its
electronic health-care product lines.
This is quickly followed
by the acquisition of a 50% interest (now 100%)
in a Hong Kong manufacturer of transceivers, Tekcom
Industries Limited.
1993
IDT establishes
three marketing subsidiaries in France, Italy and
China to develop its business in these countries.
To adopt its strategy of product division, IDT creates
3 core product divisions: LCD Consumer Products, Personal
Information Products (PIP), and Telecommunications
Products.
1994
IDT enters into a 50/50 joint venture with an established
Japanese PCB manufacturer, Kyosha Co., Ltd., to
set up an automated, high-quality PCB factory in
Panyu, China.
IDT launches the Oregon Scientific brand in Europe
following the promotion of the brand in the U.S. market.
1995
IDT receives international
ISO9002 certification for telecommunications products.
1997
IDT's largest product
division, the LCD Consumer Products Division, is publicly
listed on the Singapore Exchange Securities Trading
Ltd., as IDT Holdings (Singapore) Limited.
Oregon Scientific Inc. becomes a wholly-owned subsidiary
of IDT.
1998
Oregon Scientific Global Distribution Limited is
established with headquarters in Hong Kong.
IDT establishes the Electronic Learning Products Division,
which develops and markets product lines that include
laptop learning computers for children, featuring
animated characters.
The first weather station with wireless remote sensor
is launched.
1999
IDT launches the first personal digital air-quality
monitor. The tenth IDT international office was
opened in Spain, serving the Iberian markets.
