TELTONIKA 2022: YEAR IN REVIEW
It has become our tradition to wrap up the year by sharing the joy of what we have accomplished in the last twelve months.
Despite all the difficulties this year has brought upon the world, we haven’t stopped creating, innovating and producing devices that help businesses and people. We hope that our perseverance will inspire you to strive for the best, grow and pursue your goals, no matter big or small.
2022 was a very productive year. During the year, we launched more than 30 new products, our production surpassed 5 million IoT devices, and the Group's turnover grew by more than 30% to €283 million.
Here are some more facts about the Teltonika Group's most significant achievements in 2022.
The highlight of the year
On January 7, we buried a symbolic time capsule on the construction site in Molėtai, Lithuania. In just over nine months, a modern technology centre emerged there, with a bright blue Teltonika logo adorning its façade. The Teltonika Technology Centre project cost 34 million euros, making it the largest business investment in Molėtai of all time.
The centre has already employed around 150 specialists who are developing and manufacturing high-tech connectivity devices, such as 4G and 5G routers, and our newest EV charging solutions. We also hope to start the production of state-of-the-art medical smartwatches and artificial lung ventilation devices in Molėtai in the near future.
We are more than happy that the Teltonika Technology Centre will contribute to the region’s prosperity and encourage people to build their future there.
Company of the year
Since 2018, we have been widely applying the Adizes methodology in our company group. The Adizes Methodology for Organizational Transformation, developed by Dr Ichak Kalderon Adizes, provides tools for organizations to achieve exceptional results and manage accelerated change without destructive conflict.
This methodology helped Teltonika grow faster by embracing changes, empowering employees, managing more effectively and fostering a culture of mutual trust and respect. This year, the Adizes Institute Worldwide has awarded Teltonika as Company of the Year 2021 for achieving exceptional results on a global scale by adopting the Adizes methodology.
The 5G era launch
We have always been motivated by our desire to innovate and create ground-breaking technologies, and this year was truly special. Teltonika Networks launched a new generation of superior networking devices – the new RUTX50 router and TRB500 gateway. These new 5G devices feature significantly higher data transfer speeds, wider bandwidth and minimal latency.
The company’s talented engineers developed both products in about 1.5 years. Giedrius Kukauskas, CEO of Teltonika Networks, shared his excitement for the new era, “The 5G era is beginning. Our new products will enable faster data speeds than ever before, provide greater reliability and significantly reduce latency. The use cases for 5G products are wide-ranging, as virtually the vast majority of solutions will migrate to 5G in the future, and businesses are preparing for this now. These products also work well in 4G networks, so it is worth choosing 5G equipment now when building network infrastructure.”
Award for special merits to national business
Also, Giedrius Kukauskas, CEO of Teltonika Neworks, accepted a Bronze Work Star award from Kaunas Chamber of Commerce, Industry and Crafts. Bronze Work Star is one of the highest awards of the Lithuanian Chamber of Commerce, Industry, and Crafts, given for special merits to the national business and/or the development of the chamber system.
Two gold medalists
Another outstanding achievement this year – Teltonika won gold medals for two products in the traditional competition Lithuanian Product of the Year, organised by the Lithuanian Confederation of Industrialists. The winners were the electric vehicle charger TeltoCharge, developed by Teltonika Energy, and the EYE sensor monitoring device by Teltonika Telematics.
The TeltoCharge electric car charging station was developed by the talented and highly-skilled engineers of Teltonika Energy in less than one year. “When developing the TeltoCharge, our main goal was to contribute to faster development of the world’s electric vehicle infrastructure and a greener and more sustainable future for Lithuania,” said Tadas Tumelis, CEO of Teltonika Energy.
In September, we celebrated the beginning of the mass production. The product has already entered over 70 markets, and a significant growth in production volumes and expansion to more foreign markets are planned for next year.
The other gold medallist, the EYE Sensor, is a robust device used for vehicle tracking in different fields, e.g., logistics, construction, agriculture, motorsports and car rental services. It monitors an object’s status and such parameters as temperature, humidity, movement and magnet detection. As Antanas Šegžda, CEO of Teltonika Telematics, said, “It is a great honour for us to be recognised in the Lithuanian Product of the Year awards, which is considered to be almost the most important by the country’s business community. It is the merit of the entire Teltonika Telematics team, from programmers to salespeople. We are all responsible for the success of our products.”
Distinguished award for the founder
The Lithuanian Confederation of Industrialists acknowledged not only Teltonika’s products but also the company’s founder. Arvydas Paukštys received one of the most important awards in the industrial business community – the Petras Vileišis nomination. The president of the Teltonika company group was recognised for his personal merits in business, improvement of the business environment and culture and his active participation in public activities.
CEO of the year
We have been elated by the recent news that two of our leaders have earned widespread recognition in the business community this year. Antanas Šegžda, CEO of Teltonika Telematics, won one of the three nominations in the CEO of the Year 2022 awards organised by the Lithuanian business daily Verslo žinios – he received the highest number of votes from the readers, also he was one of the top five finalists in the CEO of the Year 2022 nomination. The awards aim to acknowledge the CEO who has created the most value for society, employees and shareholders during the year.
The CEO of Teltonika EMS, Simas Rutkauskas, also received great appreciation. He was one of the nine finalists in the Young CEO 2022 nomination. We congratulate our leaders and wish them even more personal and professional accomplishments!
Welcoming honourable guests
The year 2022 was full of visits for Teltonika, especially for Teltonika EMS, which hosted countless honourable guests and gave numerous factory tours.
Among the distinguished guests was the Commissioner for the Internal Market of the EU, Thierry Breton, joined by other members of the European Commission and the Lithuanian Minister of the Economy and Innovation. The subject matter of the visit was the semiconductor chip industry and the European Chips Act.
We were also delighted to receive a team of semiconductor research experts and scientists from Taiwan's Industrial Technology Research Institute (ITRI). The delegation of more than 30 people shared insights on ways of cooperation with Teltonika in the field of semiconductor technologies and developing employee competencies in this field.
In August, we received an even larger delegation of distinguished guests. Almost 40 diplomats and ambassadors from various countries all over the world gathered together under the roof of Teltonika. It was an excellent opportunity to discuss the economic diplomacy issues and the international economic situation as well as present our ambitious global expansion plans.
Securing funds for development and expansion
The European Investment Bank (EIB) has granted 50 million euros in funding to the Teltonika company group. The support of such an authoritative organisation further proves the strategic importance of the internet of things industry and shows that we are on the right path. According to the president of Teltonika, the funds have been allocated to three areas: the construction of the Teltonika Technology Centre in Molėtai, the expansion of production capacity and further research, development and innovation activities.
Teltonika received another large loan from Swedbank. The granted 30 million euros funding was allocated specifically to the construction of Teltonika’s headquarters at Saltoniškių str. 14 in Vilnius. The head office will be the focal point from where we will coordinate the activities of all divisions around the world. The building is projected to be completed by the end of 2023.
The artificial lung ventilator: new level accomplished
Teltonika Telemedic celebrated another milestone in the development of an artificial lung ventilation device. Doctors at Vilnius and Kaunas clinics successfully tested the latest prototype. Thus, we are proud to say that the device has already reached level six on the Technical Readiness Level scale.
It means that the TeltoMed artificial lung ventilator has all the necessary electronic and pneumatic components, can operate in two modes out of planned thirteen, and is controlled by a high-resolution touch screen. The development of such a device required skills in the design of complex mechanical parts and electronic components as well as mastery of the laws of physics and the dynamics of air.
Equally important milestone is the exclusive patent for the secure remote data transmission and control of artificial lung ventilation equipment. This patent, only few global medical device manufacturers can offer, proves that TeltoMed's built-in technologies allow for the security of all patient data, while the communication with the equipment is reliable and stable.
"Working together with Vilnius University researchers, we have developed a system concept that not only protects the artificial lung ventilation equipment from hacking, but also guarantees reliable data transmission. This patent proves that we are developing innovations that can be adopted by hospitals around the world. We are happy to help healthcare professionals and make their daily work easier," says Martynas Osauskas, CEO of Teltonika Telemedic.
Helping CERN with connectivity
Apart from developing 5G solutions, Teltonika Networks has built some meaningful partnerships this year. CERN, the world’s top physics research organisation, had a challenging task to ensure real-time monitoring within their Large Hadron Collider with the help of the innovative Train Inspection Monorail (TIM), but it needed stable and effective connectivity. Therefore, CERN has chosen the RUT955 cellular router and added it to TIM’s core. The Teltonika Networks router established a stable and secure 4G connection making it possible for CERN’s scientists to receive and access aggregated data in real time.
We invite you to read Teltonika Networks’ fascinating and informative use case about connectivity in the Large Hadron Collider.
Joined forces of Teltonika Mobility and Teltonika Telematics
Teltonika always seeks to work as fast and efficiently as possible. Therefore, we decided to make a structural change in the company group and reinforce our telematics and mobility niches by joining them together. Now, you can find e-mobility, asset tracking and personal tracking devices by searching the Teltonika Telematics product portfolio. This change makes it easier for our clients to receive all the solutions from one source.
Stimulating the potential of young people
The scholarship programme that we started in the year 2021 has successfully continued in 2022. This year, we cooperated with five universities and five colleges. Our programme is a unique opportunity for high-school graduates to receive prestigious education in the technology field, unlock their talents and lay the foundation for a successful career path.
Out of more than 500 candidates, we selected 100 first-year students who demonstrated their passion for engineering or IT and determination to learn and acquire new skills in their chosen field of study. Each of the 100 selected students was granted a 3000 euros scholarship with no obligation to Teltonika. We hope that this scholarship will be an incentive for young people to learn new skills and pursue careers in technology.
Our mentors at the Teltonika IoT and B2B academies have also put all their hearts and efforts this year into educating and inspiring young talents. More than 250 students have successfully finished their internships at Teltonika academies. So, we can rest assured knowing that our alumni have gained all the necessary knowledge in the fields of engineering, technology, sales and marketing as well as invaluable experience for their further career development.
Strengthening ties in Kenya and Morocco
What a pleasure it was to gather together with our clients at the special Teltonika Summit events in Kenya and Morocco.
The summit in Casablanca, Morocco, was Teltonika’s first summit organised in Africa. Our clients had an opportunity to see Teltonika’s newest products, meet with the sales representatives of Teltonika Telematics, Teltonika Networks and Teltonika Energy, and participate in live workshops.
The second Teltonika Summit of 2022 took place in Nairobi, Kenya. Clients from Kenya and neighbouring countries came to the event to see Teltonika’s latest solutions and learn about their application scenarios in different business sectors.
Building new connections
Following our mission to be closer to clients in different regions of the world, we not only open new offices but also participate in international exhibitions and conferences. In 2022, we participated at the Channel Partners Expo in Las Vegas, where Teltonika Networks debuted its redesigned product portfolio to the North American market. It was also a debut for Teltonika Energy which introduced the TeltoCharge EV charger.
Later in May, we presented our telematics products, EV chargers, asset trackers and micro-mobility solutions at the Connected Vehicle 2022 conference in Bengaluru, the biggest exhibition in the Asia-Pacific. And in June, we went to one of the largest fairs in South America – the 23rd EXPOSEC International Security Fair in Brazil. During the event, we showcased products from all Teltonika business niches and hosted an exclusive demo on secure connectivity for remote areas.
We had a blast meeting with you and hope for even more opportunities in 2023!
Looking forward to Teltonika’s 25th anniversary
As you have come so far in this article, we want to take this opportunity and thank you for being with us this year. We wish you a wonderful year ahead full of new creative ideas and inspiration. And don’t forget to stay in touch with us and be the first to know what the year of Teltonika’s 25th anniversary will bring.
Happy New Year!