Set up a division under Telford to design, manufacture and market tape & reel machines under the “Telford” brand. The “Telford” brand is later changed to “STI” brand.

Flextech Holdings Limited (“Flextech”) acquired two business units, of Texas Instruments Inc. through Semiconductor Technologies & Instruments Pte Ltd (“STI PL”) and Semiconductor Technologies & Instruments Inc. (“STII”) in Dallas respectively. The acquisition represented an opportunity for Telford to integrate its core competencies into the manufacture of vision inspection and laser marking equipment used in the semiconductor industry. Both units following the acquisition retained many of the research personnel. A new ‘STI’ brand was born with the integration of the business units.