Altec Lansing was founded as part of a consent decree with ATT/Western Electric in 1937 by a group including George Carrington Sr., Leon Whitney “Mike” Conrow, Bert Sanford Jr., and Alvis A. Ward, with funding from three Wall Street investors. They reincorporated as “Altec Service Company”, the “Altec” standing for “all technical”.
The Altec Services Company purchased the bankrupt Lansing Manufacturing Company and melded the two names, forming the Altec Lansing Corporation on May 1, 1941.
Altec Lansing’s early products included components for motion picture sound systems.An other early product was a family of Duplex loudspeakers including the 604-series coaxial speakers (which employed a high-efficiency compression driver mounted to the rear of the low-frequency magnet, and exited through the woofer’s pole into a small multicellular horn).
Altec Lansing introduced the “Voice of the Theater” speaker system in 1941. This iconic product set a standard for sound quality in movie theaters and became popular in the audio industry.
Altec Lancing History Page: www.audioheritage.org/html/history/altec/altec-1963.htm