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Saul Ashkenazi, Founder of SDI, Dead At 91

8/09/2011 03:01:05 PM Eastern

Rahway, N.J. - Saul E. Ashkenazi, founder of SDI
Technologies and its affiliates, KIDdesigns and HTI Industries, died last month
at the age of 91.

Saul E. Ashkenazi

Ashkenazi co-founded SDI Technologies in 1956 under its
original name, Realtone Electronics, which later became Soundesign in 1968. He served
the company as chairman and CEO from 1956-1985, and as chairman of the
Executive Committee from 1986-2010.

Under Ashkenazi's leadership the company introduced several new
product categories, including one of the world's first pocket transistor
radios, audio rack system, and the combination telephone/clock radio, SDI said
in a statement.

Ashkenazi, with his brother Ely, also took the company
public twice to support its growth initiatives, and its stock was one of the
most active of its era, with four public offerings, three stock splits, and
quarterly dividends.

In 1994, Ashkenazi, along with his brother Ely, was an
honoree at the Consumer Electronics Association's 50th Anniversary for his
historic achievements in the CE industry. 
Today, SDI has a leading market share position in the iPod/iPhone/iPad
audio electronics market under the iHome brand. 

Ashkenazi was also involved in numerous charities. He was a
key donor to launch Yeshiva University's scholarship fund, was a co-founder of
the Jewish Communal Fund, and introduced Israeli Bonds into the local New York
and New Jersey Jewish communities. 

He also purchased and donated 56 acres of land in New
Jersey, where the Hillel Yeshiva preschool, elementary, and high schools now
stand, and in subsequent years he raised tens of millions of dollars for new
buildings and scholarship funds.

Ashkenazi was the architect for the Ohel Yaacob Synagogue of
Deal, N.J., and the Shaare Zion Synagogue building expansion of Brooklyn,
N.Y. 

He is survived by his wife Sally, whom he was married to for
close to 60 years; his son Ezra, the current president and CEO of SDI; daughters
Carol, Joyce and Lisa; brother Ely, presently the chairman of the executive
committee of SDI; sisters Sara, Julie and Ruth; and his grandchildren and
great-grandchildren.

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