1868 - American watchmaker Florentin Ariosto Jones and watchmaker-entrepreneur Johann Heinrich Moser found International Watch Co. The company begins to produce pocket watches with the "Jones Caliber" movement. IWC is best known for producing high-quality pilot/aviation watches and using titanium in watchmaking. In addition, IWC is notable for being the only major Swiss watch manufacturer located in eastern Switzerland, as the majority of the well-known Swiss watch manufacturers are located in western Switzerland; in fact, the lingua franca of IWC is German. In 1850 the town of Schaffhausen was in danger of being left behind in the Industrial Age. At this stage, watch manufacturer and industrialist Heinrich Moser built Schaffhausen's first hydroelectric plant and laid the cornerstone for future industrialization. He probably met F.A. Jones in Le Locle and showed great interest in his plans. Together, they laid the foundations for the only watch manufacturers in north-eastern Switzerland: The International Watch Company in Schaffhausen. Prior to adopting the name International Watch Company, the brand was known as the International Watch Chronology. It is still recognized by this name today by watch connoisseurs and horologists.--------------------------------------------------------------------