Step 1 : Introduction to the question "who holds patents awarded in the 1950s for automatic video scanning and inspection methods, which led to bar code technology? "
IBM offered to buy the patent, but its offer was not high enough. Philco purchased their patent in 1962 and then sold it to RCA sometime later
Step 2 : Answer to the question "who holds patents awarded in the 1950s for automatic video scanning and inspection methods, which led to bar code technology? "
On 20 October 1949 Woodland and Silver filed a patent application for "Classifying Apparatus and Method", in which they described both the linear and bullseye printing patterns, as well as the mechanical and electronic systems needed to read the code. The patent was issued on 7 October 1952 as US Patent 2,612,994. In 1951, Woodland moved to IBM and continually tried to interest IBM in developing the system.
Step 3 : Other interesting facts related to the question "who holds patents awarded in the 1950s for automatic video scanning and inspection methods, which led to bar code technology? "
The company eventually commissioned a report on the idea, which concluded that it was both feasible and interesting, but that processing the resulting information would require equipment that was some time off in the future.
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