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Bose Corporation
Bose Corporation (/boʊz/ ⓘ) is an American manufacturing company that predominantly sells audio equipment. The company was established by Amar Bose in 1964 and is based in Framingham, Massachusetts. It is best known for its home audio systems and speakers, noise-canceling headphones, professional audio products, and vehicle sound systems. Bose has a reputation for being particularly protective of its patents, trademarks, and brands. The majority owner of Bose Corporation is the Massachusetts Institute of Technology. Non-voting shares were donated to MIT by founder Amar Bose and receive cash dividends. The company's annual report for the 2021 financial year stated that Bose Corporation's yearly sales were $3.2 billion, and the company employed about 7,000 people.
The company was founded in Massachusetts in 1964 by Amar Bose with angel investor funding, including Amar's thesis advisor and professor, Y. W. Lee. Bose's interest in speaker systems had begun in 1956 when he purchased an audio system and was disappointed with its performance. The purpose of the company was to develop speaker systems which used multiple speakers aimed at the surrounding walls to reflect the sound and replicate the sound of a concert hall.
In 1966, the Bose 2201 was the first product sold by the company. It was an unusual design consisting of 22 speakers, with many of them facing away from the listener. The 2201 was designed to be located in the corner of a room, using reflections off the walls to increase the apparent size of the room. The 2201 failed in the marketplace and was discontinued after three or four years.
After this experience, Bose concluded that the audio system measurement techniques of the time (such as measuring distortion and frequency response) were ineffective ways to evaluate the goal of natural sound reproduction. Bose argued that the listener's perception was the best measure of audio quality. Also in 1968, the company introduced the Bose 901 stereo speaker system, which used eight mid-range drivers pointing toward the wall behind the speaker, and a ninth driver toward the listener. This design aimed to achieve a dominance of reflected over direct sound in home listening spaces. The design used in the 901 was unconventional compared with most systems, where mid-range and high-frequency speakers directly face the listener. The 901 was an immediate commercial success. As a result, Bose Corporation experienced rapid growth during the 1970s. The Bose 901 model name was a mainstay of the Bose line-up for many years, being produced from 1968 until 2016.
In 1991, a team of Bose researchers debunked a 1989 experiment that claimed to have created energy through cold fusion.
The first Bose retail store was opened in 1993 in Kittery, Maine.
In 2011, then-chairman and primary stockholder Amar Bose donated the majority of the firm's non-voting shares to his former employer and alma mater, the Massachusetts Institute of Technology. An annual cash dividend is paid out to "advance the research and education mission of MIT." However, the conditions of receiving the shares stated that MIT was not allowed to sell them, nor was MIT permitted to participate in the company's management and governance. Following Amar Bose's death in 2013, Bob Maresca became the Chief Executive Officer.
In June 2016, Bose and Flex manufacturing extended their strategic partnership, transferring Bose operations in Malaysia and Mexico to Flex.
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Bose Corporation
Bose Corporation (/boʊz/ ⓘ) is an American manufacturing company that predominantly sells audio equipment. The company was established by Amar Bose in 1964 and is based in Framingham, Massachusetts. It is best known for its home audio systems and speakers, noise-canceling headphones, professional audio products, and vehicle sound systems. Bose has a reputation for being particularly protective of its patents, trademarks, and brands. The majority owner of Bose Corporation is the Massachusetts Institute of Technology. Non-voting shares were donated to MIT by founder Amar Bose and receive cash dividends. The company's annual report for the 2021 financial year stated that Bose Corporation's yearly sales were $3.2 billion, and the company employed about 7,000 people.
The company was founded in Massachusetts in 1964 by Amar Bose with angel investor funding, including Amar's thesis advisor and professor, Y. W. Lee. Bose's interest in speaker systems had begun in 1956 when he purchased an audio system and was disappointed with its performance. The purpose of the company was to develop speaker systems which used multiple speakers aimed at the surrounding walls to reflect the sound and replicate the sound of a concert hall.
In 1966, the Bose 2201 was the first product sold by the company. It was an unusual design consisting of 22 speakers, with many of them facing away from the listener. The 2201 was designed to be located in the corner of a room, using reflections off the walls to increase the apparent size of the room. The 2201 failed in the marketplace and was discontinued after three or four years.
After this experience, Bose concluded that the audio system measurement techniques of the time (such as measuring distortion and frequency response) were ineffective ways to evaluate the goal of natural sound reproduction. Bose argued that the listener's perception was the best measure of audio quality. Also in 1968, the company introduced the Bose 901 stereo speaker system, which used eight mid-range drivers pointing toward the wall behind the speaker, and a ninth driver toward the listener. This design aimed to achieve a dominance of reflected over direct sound in home listening spaces. The design used in the 901 was unconventional compared with most systems, where mid-range and high-frequency speakers directly face the listener. The 901 was an immediate commercial success. As a result, Bose Corporation experienced rapid growth during the 1970s. The Bose 901 model name was a mainstay of the Bose line-up for many years, being produced from 1968 until 2016.
In 1991, a team of Bose researchers debunked a 1989 experiment that claimed to have created energy through cold fusion.
The first Bose retail store was opened in 1993 in Kittery, Maine.
In 2011, then-chairman and primary stockholder Amar Bose donated the majority of the firm's non-voting shares to his former employer and alma mater, the Massachusetts Institute of Technology. An annual cash dividend is paid out to "advance the research and education mission of MIT." However, the conditions of receiving the shares stated that MIT was not allowed to sell them, nor was MIT permitted to participate in the company's management and governance. Following Amar Bose's death in 2013, Bob Maresca became the Chief Executive Officer.
In June 2016, Bose and Flex manufacturing extended their strategic partnership, transferring Bose operations in Malaysia and Mexico to Flex.