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The Pantelemidis family owned a company producing farm machinery (specializing in threshing machines) and buses, using the Titan brand name. It was established in Thessaloniki, Greece, in 1937. This company became best known, however, for the engineering inventions of Ioannis Pantelemidis; especially a novel chassis type he designed in 1955, on which he produced two vehicles, a 4-tonne truck and a city bus. The chassis featured a complex hydraulic mechanism and axle design which enabled the driver to adjust ground clearance (e.g. low, for easier loading, or elevated, for all-terrain drive).