Daktronics was founded in 1968 by Al Kurtenbach and Duane Sander, professors of electrical engineering at South Dakota State University in Brookings, South Dakota.[3] The name is a portmanteau of "Dakota" and "electronics".[4] The company initially wanted to get into the medical instrument field, but the company's founders found the field to be too large for them to serve in, so they changed their focus to providing electronic voting systems for state legislatures;[5] their first client was for the State of Utah's legislature.[6]
Shortly after, South Dakota State University's wrestling coach, Warren Williamson reached out to the company and asked them to devise a better scoreboard for wrestling.[7] The result was Daktronics' first entry into the scoreboard field, developing the Matside wrestling scoreboard, the first product in the company's line.[8] The company's scoreboards were later used at the 1976 Olympic Games.[9] In 1980, Daktronics developed scoreboards which were used at the 1980 Winter Olympics in Lake Placid, New York.[10] Daktronics displays have since been used at the 1992, 1996 and 2000 Summer Olympics.[11]
In 1984, a new manufacturing facility was built.[citation needed] In 1987, the company developed a mobile scoring system for the PGA tour. In 1994, Daktronics, Inc. became a publicly traded company, offering shares under the symbol DAKT on the NASDAQ National Market system. The company also established an office in Germany in 2003, and in Hong Kong and the United Kingdom in 2004.[12] In 2000, Daktronics acquired Keyframe services,[13] and established an office in Canada. The following year, they installed their first LED video display in Times Square for TDK Financial Services Firm.[14]
The company upgraded the "Zipper" sign in Times Square in 1997,[15] and the first Prostar large screen video displays were installed that year. Indianapolis Motor Speedway installed 18 Prostar displays in 1999. In 2004, the largest video board in North America was installed at Jacobs Field (now known as Progressive Field) in Cleveland, Ohio, by Daktronics.[16] In 2005, Daktronics installed a multi-million dollar system in Kuwait stock exchange.[17] They also acquired Sportsound system designer and manufacturer.[18] Daktronics acquired the Vortek family of products from New York–based rigging company Hoffend and Sons.[19] In 2008, Daktronics installed a high-definition LED video display for the Kansas City Royals,[20] and in 2014, Daktronics installed an HD display for the Jacksonville Jaguars at EverBank Field (now TIAA Bank Field), which at the time was the largest such display in the world.[21]
Daktronics established an office in Brazil in 2012, and in 2013, the company acquired OPEN Out Of Home in Belgium.[22] Sales of Daktronics products surpassed $600 million in 2015.[23]
Operation
A Daktronics Scoreboard, installed in a high school gymnasium
The company is involved in sports displays and marketing.[25] Daktronics has supplied scoreboards and video displays for the Olympic Games; however, due to official sponsorships with other timing providers such as IBM, Omega SA and Swiss Timing, displays are Daktronics-manufactured but utilize timing and front-facing branding for other companies.[3] Daktronics has been an influence in National Basketball Association rule changes in the 2000s. The company manufactured the first backboard light strips to comply with buzzer beaterinstant replay rulings, and in 2004, developed a see-through shot clock to improve spectator visibility.[26]
^ abcBelson, Ken (2014-07-19). "Daktronics Plays Outsize Role as Giant Scoreboards Proliferate". The New York Times. ISSN 0362-4331. Retrieved 2018-02-12.
^Belson, Ken (July 19, 2014). "Daktronics Plays Outsize Role as Giant Scoreboards Proliferate". The New York Times. Retrieved January 21, 2020. Daktronics—an amalgam of the words Dakota and electronics—was listed on the Nasdaq stock market in 1994.
^Ochsner, Justin (March 20, 2018). "Daktronics Journey to Become Publicly Traded". Daktronics.com. Daktronics. Retrieved January 25, 2023. "This meant it would be best to focus our energy on serving smaller markets. We looked into small medical instruments such as the electronic thermometer, but quickly learned the market might be too large for us to serve."
^"Daktronics Celebrates 50 Years". daktronics.com. Daktronics. January 1, 2018. Kurtenbach had a subscription to the Wall Street Journal and would browse through the week's papers on Friday nights. One Friday night, he happened to see an advertisement from the State of Utah, looking for a company to make and install an electronic voting system in its House of Representatives. "I got ahold of them, went out and met with them and submitted a bid," said Kurtenbach. "When I met with them, I learned that they had actually gone out for bids two years prior, but had rejected all bids. "So I said, 'was that a public bid opening?' and they said it was, and I said, 'I'd sure like to have a copy of those bids.'" Kurtenbach laughed as he added, "That helped a lot with our bidding." Daktronics successfully secured the project, and would continue to find success in that market.
^"Daktronics Celebrates 50 Years". daktronics.com. Daktronics. January 1, 2018. Around that same time, the wrestling coach from SDSU reached out to Kurtenbach after returning from a national tournament. "Warren Williamson was a family friend, he became a family friend through by brother Frank. Frank wrestled for him," said Kurtenbach. Williamson asked to meet for coffee because he wanted to talk about the scoreboards at the national tournament. The two met, and Williamson described how the scoreboards used were inappropriate; they didn't show the correct information and they blocked the view of the fans.
^"Aelred Kurtenbach- Daktronics by Justin Brunick on Prezi". Prezi.com. Retrieved 2013-08-18.
^"History of Daktronics, Inc. – FundingUniverse". Fundinguniverse.com. Retrieved 2013-08-18.
^"Daktronics, Inc. | Company profile from Hoover's | +1-605-692-0200". Hoovers.com. 2010-10-21. Retrieved 2013-08-18.
^"History of Daktronics, Inc. – FundingUniverse". Fundinguniverse.com. Retrieved 2013-08-18.
^"Daktronics, Inc. | Company profile from Hoover's | +1-605-692-0200". Hoovers.com. 2010-10-21. Retrieved 2013-08-18.
^"Daktronics to acquire Keyframe Inc. - Tampa Bay Business Journal". Bizjournals.com. 2000-01-31. Retrieved 2013-08-18.
^"Times Square LED Video to Help Celebrate". Daktronics.com. Retrieved 2013-08-18.
^"History of Daktronics, Inc. – FundingUniverse". Fundinguniverse.com. Retrieved 2013-08-18.
^"Daktronics To Install New Jacobs Field Led Video Display - SportsBusiness Daily | SportsBusiness Journal | SportsBusiness Daily Global". M.sportsbusinessdaily.com. Retrieved 2013-08-18.
^PennWell Corporation (2005-03-23). "Daktronics to expand display system for Kuwait Stock Exchange". LEDs Magazine. Retrieved 2013-08-18.
^"Daktronics, Inc. | Company profile from Hoover's | +1-605-692-0200". Hoovers.com. 2010-10-21. Retrieved 2013-08-18.
^"Rebranding of Vortek Division". Daktronics.com. Retrieved 2013-08-18.
^PennWell Corporation (2007-10-04). "Daktronics installs world's largest HD display for Kansas City Royals". LEDs Magazine. Retrieved 2013-08-18.
^Andrew Tarantola (2014-07-26). "The World's Largest HD LED Display Takes Over Jacksonville". Gizmodo. Retrieved 2014-07-26.
^"Daktronics Agrees to Purchase Belgium Display Manufacturer". Reuters. 2013-01-11. Archived from the original on 2013-06-20. Retrieved 2013-08-18.
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May 21, 2023
daktronics, this, article, contain, excessive, inappropriate, references, self, published, sources, please, help, improve, removing, references, unreliable, sources, where, they, used, inappropriately, february, 2023, learn, when, remove, this, template, messa. This article may contain excessive or inappropriate references to self published sources Please help improve it by removing references to unreliable sources where they are used inappropriately February 2023 Learn how and when to remove this template message Daktronics is an American company based in Brookings South Dakota that designs manufactures sells and services video displays scoreboards digital billboards dynamic message signs sound systems and related products It was founded in 1968 by two South Dakota State University professors DaktronicsTypePublicTraded asNasdaq DAKTIndustryElectronicsFounded1968 1 FounderAelred J KurtenbachDuane SanderHeadquartersBrookings South Dakota United StatesKey peopleAelred J Kurtenbach co Founder Reece Kurtenbach president and CEO ProductsTiming and Display systemsRevenueUS 610 53 million 2018 2 Net incomeUS 5 56 million 2018 2 Number of employees2 500 Websitedaktronics wbr com Contents 1 History 2 Operation 3 See also 4 References 5 External linksHistory EditDaktronics was founded in 1968 by Al Kurtenbach and Duane Sander professors of electrical engineering at South Dakota State University in Brookings South Dakota 3 The name is a portmanteau of Dakota and electronics 4 The company initially wanted to get into the medical instrument field but the company s founders found the field to be too large for them to serve in so they changed their focus to providing electronic voting systems for state legislatures 5 their first client was for the State of Utah s legislature 6 Shortly after South Dakota State University s wrestling coach Warren Williamson reached out to the company and asked them to devise a better scoreboard for wrestling 7 The result was Daktronics first entry into the scoreboard field developing the Matside wrestling scoreboard the first product in the company s line 8 The company s scoreboards were later used at the 1976 Olympic Games 9 In 1980 Daktronics developed scoreboards which were used at the 1980 Winter Olympics in Lake Placid New York 10 Daktronics displays have since been used at the 1992 1996 and 2000 Summer Olympics 11 In 1984 a new manufacturing facility was built citation needed In 1987 the company developed a mobile scoring system for the PGA tour In 1994 Daktronics Inc became a publicly traded company offering shares under the symbol DAKT on the NASDAQ National Market system The company also established an office in Germany in 2003 and in Hong Kong and the United Kingdom in 2004 12 In 2000 Daktronics acquired Keyframe services 13 and established an office in Canada The following year they installed their first LED video display in Times Square for TDK Financial Services Firm 14 The company upgraded the Zipper sign in Times Square in 1997 15 and the first Prostar large screen video displays were installed that year Indianapolis Motor Speedway installed 18 Prostar displays in 1999 In 2004 the largest video board in North America was installed at Jacobs Field now known as Progressive Field in Cleveland Ohio by Daktronics 16 In 2005 Daktronics installed a multi million dollar system in Kuwait stock exchange 17 They also acquired Sportsound system designer and manufacturer 18 Daktronics acquired the Vortek family of products from New York based rigging company Hoffend and Sons 19 In 2008 Daktronics installed a high definition LED video display for the Kansas City Royals 20 and in 2014 Daktronics installed an HD display for the Jacksonville Jaguars at EverBank Field now TIAA Bank Field which at the time was the largest such display in the world 21 Daktronics established an office in Brazil in 2012 and in 2013 the company acquired OPEN Out Of Home in Belgium 22 Sales of Daktronics products surpassed 600 million in 2015 23 Operation Edit A Daktronics Scoreboard installed in a high school gymnasium Daktronics is headquartered in Brookings South Dakota with other facilities in Sioux Falls Redwood Falls Minnesota Shanghai and Belgium 3 1 Daktronics Creative Services designs digital content in HD video 3D animation and motion graphics specializing in media networks and large scale LED displays 24 The company is involved in sports displays and marketing 25 Daktronics has supplied scoreboards and video displays for the Olympic Games however due to official sponsorships with other timing providers such as IBM Omega SA and Swiss Timing displays are Daktronics manufactured but utilize timing and front facing branding for other companies 3 Daktronics has been an influence in National Basketball Association rule changes in the 2000s The company manufactured the first backboard light strips to comply with buzzer beater instant replay rulings and in 2004 developed a see through shot clock to improve spectator visibility 26 See also EditAquatic timing system List of largest video screens ScoreboardReferences Edit a b Company Daktronics Retrieved 2013 08 18 a b Daktronics Inc DAKT Valuation Measures amp Financial Statistics Yahoo Finance Retrieved 2018 07 23 a b c Belson Ken 2014 07 19 Daktronics Plays Outsize Role as Giant Scoreboards Proliferate The New York Times ISSN 0362 4331 Retrieved 2018 02 12 Belson Ken July 19 2014 Daktronics Plays Outsize Role as Giant Scoreboards Proliferate The New York Times Retrieved January 21 2020 Daktronics an amalgam of the words Dakota and electronics was listed on the Nasdaq stock market in 1994 Ochsner Justin March 20 2018 Daktronics Journey to Become Publicly Traded Daktronics com Daktronics Retrieved January 25 2023 This meant it would be best to focus our energy on serving smaller markets We looked into small medical instruments such as the electronic thermometer but quickly learned the market might be too large for us to serve Daktronics Celebrates 50 Years daktronics com Daktronics January 1 2018 Kurtenbach had a subscription to the Wall Street Journal and would browse through the week s papers on Friday nights One Friday night he happened to see an advertisement from the State of Utah looking for a company to make and install an electronic voting system in its House of Representatives I got ahold of them went out and met with them and submitted a bid said Kurtenbach When I met with them I learned that they had actually gone out for bids two years prior but had rejected all bids So I said was that a public bid opening and they said it was and I said I d sure like to have a copy of those bids Kurtenbach laughed as he added That helped a lot with our bidding Daktronics successfully secured the project and would continue to find success in that market Daktronics Celebrates 50 Years daktronics com Daktronics January 1 2018 Around that same time the wrestling coach from SDSU reached out to Kurtenbach after returning from a national tournament Warren Williamson was a family friend he became a family friend through by brother Frank Frank wrestled for him said Kurtenbach Williamson asked to meet for coffee because he wanted to talk about the scoreboards at the national tournament The two met and Williamson described how the scoreboards used were inappropriate they didn t show the correct information and they blocked the view of the fans Aelred Kurtenbach Daktronics by Justin Brunick on Prezi Prezi com Retrieved 2013 08 18 History of Daktronics Inc FundingUniverse Fundinguniverse com Retrieved 2013 08 18 Daktronics Inc Company profile from Hoover s 1 605 692 0200 Hoovers com 2010 10 21 Retrieved 2013 08 18 History of Daktronics Inc FundingUniverse Fundinguniverse com Retrieved 2013 08 18 Daktronics Inc Company profile from Hoover s 1 605 692 0200 Hoovers com 2010 10 21 Retrieved 2013 08 18 Daktronics to acquire Keyframe Inc Tampa Bay Business Journal Bizjournals com 2000 01 31 Retrieved 2013 08 18 Times Square LED Video to Help Celebrate Daktronics com Retrieved 2013 08 18 History of Daktronics Inc FundingUniverse Fundinguniverse com Retrieved 2013 08 18 Daktronics To Install New Jacobs Field Led Video Display SportsBusiness Daily SportsBusiness Journal SportsBusiness Daily Global M sportsbusinessdaily com Retrieved 2013 08 18 PennWell Corporation 2005 03 23 Daktronics to expand display system for Kuwait Stock Exchange LEDs Magazine Retrieved 2013 08 18 Daktronics Inc Company profile from Hoover s 1 605 692 0200 Hoovers com 2010 10 21 Retrieved 2013 08 18 Rebranding of Vortek Division Daktronics com Retrieved 2013 08 18 PennWell Corporation 2007 10 04 Daktronics installs world s largest HD display for Kansas City Royals LEDs Magazine Retrieved 2013 08 18 Andrew Tarantola 2014 07 26 The World s Largest HD LED Display Takes Over Jacksonville Gizmodo Retrieved 2014 07 26 Daktronics Agrees to Purchase Belgium Display Manufacturer Reuters 2013 01 11 Archived from the original on 2013 06 20 Retrieved 2013 08 18 Document Creative Services Daktronics Retrieved 2013 08 18 Daktronics Sports Marketing Daktronics com Retrieved 2013 08 18 High Tech Shot Clocks Improve Court Vision NBA com 2005 11 18 Retrieved 2013 08 18 External links Edit Wikimedia Commons has media related to Daktronics Official website Retrieved from https en wikipedia org w index php title Daktronics amp oldid 1140943054, wikipedia, wiki, book, books, library,
