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Sylvania Electric Products
Sylvania Electric Products Inc. was an East Coast American manufacturer of electrical and electronic equipment, including at various times incandescent light bulbs, vacuum tubes, fluorescent lamps, radio transmitters and receivers, customer-specified devices, cathode ray tubes and television sets, semiconductors and integrated circuits, and mainframe computers such as MOBIDIC. They were one of the companies involved in the development of the COBOL programming language.
The company was an innovator and through its research department obtained hundreds of patents. Among the innovations was the first commercially relevant line of TTL logic integrated circuits.
The company history can be traced back to 1901, when Frank A. Poor, a merchant in agriculture products from Salem, Massachusetts, partnered up to start a small business refilling burned-out light bulbs.
The Hygrade Sylvania Corporation was formed with the 1931 merger of the Nilco Lamp Works, Inc., Sylvania Products Co. and #Hygrade Lamp Company. Hygrade and Nilco manufactured incandescent lamps under license from General Electric, Hygrade (since 1928) and Sylvania (since 1924) made vacuum tubes under license from RCA. Combined revenue in 1930 was $9,000,000. Compared to $137 million annual revenue in 1930 of RCA across all its subsidiaries, and $376 million for General Electric.
Between June 17, 1933 and Oct 14, 1933 employment increased from 2,511 to 4,750, weekly payroll from $57,000 to $88,000 in the company's 4 plants (Salem, Emporium, St. Marys, Clifton with a combined floor space of 9.7 acres / 423,000sqft). The company had a total production capacity for 120,000 lamps and 100,000 tubes per day.
In 1936 a second plant, with 91,600sqft of floor space, was built for $330,000 in Salem on Loring Avenue exclusively for vacuum tube production and absorbed that part of the business from the main Salem plant. Also in 1936 the Economic Lamp Co. of Malden, Massachusetts was acquired for 12,000 newly issued common shares. This included a license agreement with General Electric. The Malden plant was disposed of some time before 1941.
In 1939, Hygrade Sylvania started preliminary research on fluorescent technology, and later that year, demonstrated the first linear, or tubular, fluorescent lamp. It was featured at the 1939 New York World's Fair. Sylvania acquired multiple fluorescent lamp related licenses from other companies, including for the production of chemicals and In April 1940 began mass production of fluorescent lamp fixtures, formerly handled in Salem, on 70,000sqft leased floor space in Ipswich and within a year extended the lease by an additional 48,000sqft.
In 1940 the company offered a new preferred stock in a capital reorganization, apparently the first major influx of outside/cash capital since before 1928 and the first of many to follow. On September 16, 1941 the common stock was split 2-for-1 and 100,000 new shares were issued at $19.375 for working capital. On August 12, 1942 the company changed its name to Sylvania Electric Products Inc on the occasion of the listing of its common stock on the New York Stock Exchange.
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Sylvania Electric Products
Sylvania Electric Products Inc. was an East Coast American manufacturer of electrical and electronic equipment, including at various times incandescent light bulbs, vacuum tubes, fluorescent lamps, radio transmitters and receivers, customer-specified devices, cathode ray tubes and television sets, semiconductors and integrated circuits, and mainframe computers such as MOBIDIC. They were one of the companies involved in the development of the COBOL programming language.
The company was an innovator and through its research department obtained hundreds of patents. Among the innovations was the first commercially relevant line of TTL logic integrated circuits.
The company history can be traced back to 1901, when Frank A. Poor, a merchant in agriculture products from Salem, Massachusetts, partnered up to start a small business refilling burned-out light bulbs.
The Hygrade Sylvania Corporation was formed with the 1931 merger of the Nilco Lamp Works, Inc., Sylvania Products Co. and #Hygrade Lamp Company. Hygrade and Nilco manufactured incandescent lamps under license from General Electric, Hygrade (since 1928) and Sylvania (since 1924) made vacuum tubes under license from RCA. Combined revenue in 1930 was $9,000,000. Compared to $137 million annual revenue in 1930 of RCA across all its subsidiaries, and $376 million for General Electric.
Between June 17, 1933 and Oct 14, 1933 employment increased from 2,511 to 4,750, weekly payroll from $57,000 to $88,000 in the company's 4 plants (Salem, Emporium, St. Marys, Clifton with a combined floor space of 9.7 acres / 423,000sqft). The company had a total production capacity for 120,000 lamps and 100,000 tubes per day.
In 1936 a second plant, with 91,600sqft of floor space, was built for $330,000 in Salem on Loring Avenue exclusively for vacuum tube production and absorbed that part of the business from the main Salem plant. Also in 1936 the Economic Lamp Co. of Malden, Massachusetts was acquired for 12,000 newly issued common shares. This included a license agreement with General Electric. The Malden plant was disposed of some time before 1941.
In 1939, Hygrade Sylvania started preliminary research on fluorescent technology, and later that year, demonstrated the first linear, or tubular, fluorescent lamp. It was featured at the 1939 New York World's Fair. Sylvania acquired multiple fluorescent lamp related licenses from other companies, including for the production of chemicals and In April 1940 began mass production of fluorescent lamp fixtures, formerly handled in Salem, on 70,000sqft leased floor space in Ipswich and within a year extended the lease by an additional 48,000sqft.
In 1940 the company offered a new preferred stock in a capital reorganization, apparently the first major influx of outside/cash capital since before 1928 and the first of many to follow. On September 16, 1941 the common stock was split 2-for-1 and 100,000 new shares were issued at $19.375 for working capital. On August 12, 1942 the company changed its name to Sylvania Electric Products Inc on the occasion of the listing of its common stock on the New York Stock Exchange.