
1989
The company is founded with the name “George Panagiotidis – Dimitris Tselepis & Co” by two graduates of Biomedical Technology Department of the Technological Educational Institute of Athens. The distinctive title of the newly established company was “PRO.T.E.M.” and derived from the initial letters of the words “Advanced Technological Applications of Microelectronics” in Greek. The company’s headquarters was located at a small ground floor shop at 99 Makris Street, Aegaleo.
The initial purpose was to construct and commercialize an innovative device, the idea of which was captured by the two partners during the third year of their studies. During the next 2 years they managed to develop it and manufacture a prototype, by using the funds provided by the Technological Educational Institute of Athens in the context of their dissertation. The device was a car computer that detected 16 critical operating conditions and informed the driver verbally and in writing while also being a complete car alarm system.





