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In 1912 the company was renamed The Minneapolis Heat Regulator Company. In 1913, W.R. Sweatt named his 22-year-old son, Harold, vice-president of his heat regulator company. In 1920, W.R. announced that his second son, Charles "C.B." Sweatt would be the advertising manager and treasurer of the Minneapolis Heat Regulator Co .
The stockholders agreed to accept the assets of the Electric Thermostat Company and to assume the liabilities of Sweatt as a trustee. In 1912 the company was renamed The Minneapolis Heat Regulator Company. In 1927 the Minneapolis Heat Regulator Company and Honeywell Heating Specialties Company merged to form the Minneapolis-Honeywell Regulator ...
By 1906, the company was making thermostats and automatic controls for heating systems. [2] By 1927, annual company sales were more than $1.5 million, and 450 people worked in the Wabash factory. [2] Honeywell's main competitor was W.R. Sweatt and his Minneapolis Heat Regulator Company. The two companies had patents which blocked each other ...
In 1927, this led to the merging of both companies into the publicly-held Minneapolis-Honeywell Regulator Company. Honeywell was named the company's first president, alongside W.R. Sweatt as its first chairman. [16] In 1929, combined assets were valued at over $3.5 million, with less than $1 million in liabilities just months before Black Monday.
[1] [7] Under his leadership, the company underwent a transformation, diversifying its operations and changing its name to Honeywell. [8] During Wishart's tenure, Honeywell's revenue increased from $200 million to over $400 million, and profits grew from $10 million to $26 million. [8] Wishart retired from his position at Honeywell in 1965. [8]
Honeywell electronic thermostat in a store. Heating and cooling losses from a building (or any other container) become greater as the difference in temperature increases. A programmable thermostat allows reduction of these losses by allowing the temperature difference to be reduced at times when the reduced amount of heating or cooling would not be objectionable.
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The Mercoid cases—Mercoid Corp. v. Mid-Continent Investment Co., 320 U.S. 661 (1944), and Mercoid Corp. v. Minneapolis-Honeywell Regulator Co., 320 U.S. 680 (1944)—are 1944 patent tie-in misuse and antitrust decisions of the United States Supreme Court. These companion cases are said to have reached the "high-water mark of the patent misuse ...
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