Daktronics

From Justapedia, unleashing the power of collective wisdom
Jump to navigation Jump to search
Daktronics
TypePublic
Nasdaq: DAKT
IndustryElectronics
Founded1968[1]
FounderAelred J. Kurtenbach
Duane Sander
HeadquartersBrookings, South Dakota, United States
Key people
Aelred J. Kurtenbach, Co-Founder and Chairman
Reece Kurtenbach, President, CEO
ProductsTiming and Display systems
RevenueIncrease US$610.53 million (2018)[2]
Increase US$5.56 million (2018)[2]
Number of employees
2,500+
Websitedaktronics.com

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. Founded in 1968 by two South Dakota State University professors, Daktronics grew from a provider of electronic voting systems for state legislatures to suppliers of electronic displays. The name is a portmanteau of "Dakota" and "electronics".[3]

History

Daktronics was founded in 1968 by Aelred Kurtenbach and Duane Sander, professors of electrical engineering at South Dakota State University in Brookings, South Dakota.[4]

  • 1971: Daktronics developed the patented Matside wrestling scoreboard, the first product in the company's line[5]
  • 1976: Daktronics scoreboards were first used at Olympics[6]
  • 1980: Scoreboards used at 1980 Winter Olympics in Lake Placid, New York[7]
  • 1984: New manufacturing facility built[6]
  • 1986: Sales surpass $10 million
  • 1987: Unique mobile scoring system for PGA tour developed
  • 1992: Daktronics displays used at the 1992 Summer Olympics
  • 1994: Daktronics, Inc. became a publicly traded company, offering shares under the symbol DAKT on the NASDAQ National Market system.[1]
  • 1996: 80 Daktronics scoreboards and displays used at the 1996 Summer Olympics[6]
  • 1997: Daktronics upgrades the “Zipper” sign in Times Square[6]
  • 1997: The first Prostar large screen video displays were installed
  • 1999: Indianapolis Motor Speedway installed the first of 18 large Prostar displays
  • 2000: Daktronics displays in the spotlight at the 2000 Summer Olympics[8]
  • 2000: Daktronics acquires Keyframe services[9]
  • 2000: Daktronics establishes an office in Canada
  • 2001: Daktronics installs its first LED video display in Times Square for TDK Financial Services Firm[10]
  • 2003: Daktronics establishes an office in Germany
  • 2004: Sales surpass $200 million
  • 2004: Largest video board in North America installed at Jacobs Field (now known as Progressive Field) in Cleveland, Ohio by Daktronics[11]
  • 2004: Daktronics establishes offices in Hong Kong and the United Kingdom[7]
  • 2005: Daktronics installs multimillion-dollar system in Kuwait stock exchange[12]
  • 2005: Daktronics acquires Sportsound system designer and manufacturer[7]
  • 2006: Daktronics sales surpass $300 million
  • 2006: Daktronics acquires Vortek family of products from New York-based rigging company Hoffend and Sons[13]
  • 2008: Daktronics installs world’s largest high definition LED video display for the Kansas City Royals[14]
  • 2012: Daktronics establishes an office in Brazil
  • 2013: Daktronics acquires OPEN Out of Home in Belgium.[15]
  • 2014: Daktronics installs world's largest HD display for the Jacksonville Jaguars[16] at EverBank Field (now TIAA Bank Field).
  • 2015: Sales surpass $600 million[17]

Products

A Daktronics Scoreboard, installed in a high school gymnasium. Used for basketball, volleyball and more (May 2018)
Park Street Station, Boston, Red Line Outbound side platform with Daktronics electronic announcement sign (November 2012)
  • LED Video Displays[18]
  • LED Message Displays[19]
  • Scoreboards & Timing Systems[20]
  • Digital Billboards[21]
  • LED Street Furniture
  • Digit & Price Displays[22]
  • ITS Dynamic Message Signs (DMS)[23]
  • Audio Systems[24]
  • Automated Rigging & Hoists[25]
  • Tote/Odd Boards[26]
  • Space Availability Displays[27]
  • Software & Controllers[28]

Facilities

Daktronics is headquartered in Brookings, South Dakota, with other facilities in Sioux Falls, South Dakota; Redwood Falls, Minnesota; Shanghai, China; and Belgium.[4][1]

Services

In 2000, Daktronics acquired Keyframe Inc., a video production and consulting company.[9] Today, Daktronics Creative Services designs digital content in HD video, 3D animation and motion graphics, specializing in media networks and large-scale LED displays.[29]

The company is also involved in sports marketing.[30]

Notable

Daktronics has been supplying scoreboards and video displays for the Olympic Games for several years. 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 the former companies.[4]

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.[31]

See also

References

  1. ^ a b c "Company". Daktronics. Retrieved 2013-08-18.
  2. ^ a b "Daktronics, Inc. (DAKT) Valuation Measures & Financial Statistics". Yahoo! Finance. Retrieved 2018-07-23.
  3. ^ 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.
  4. ^ 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.
  5. ^ "Aelred Kurtenbach- Daktronics by Justin Brunick on Prezi". Prezi.com. Retrieved 2013-08-18.
  6. ^ a b c d "History of Daktronics, Inc. – FundingUniverse". Fundinguniverse.com. Retrieved 2013-08-18.
  7. ^ a b c "Daktronics, Inc. | Company profile from Hoover's | +1-605-692-0200". Hoovers.com. 2010-10-21. Retrieved 2013-08-18.
  8. ^ "Daktronics, Inc.: Information from". Answers.com. Retrieved 2013-08-18.
  9. ^ a b "Daktronics to acquire Keyframe Inc. - Tampa Bay Business Journal". Bizjournals.com. 2000-01-31. Retrieved 2013-08-18.
  10. ^ "Times Square LED Video to Help Celebrate". Daktronics.com. Retrieved 2013-08-18.
  11. ^ "Daktronics To Install New Jacobs Field Led Video Display - SportsBusiness Daily | SportsBusiness Journal | SportsBusiness Daily Global". M.sportsbusinessdaily.com. Retrieved 2013-08-18.
  12. ^ PennWell Corporation (2005-03-23). "Daktronics to expand display system for Kuwait Stock Exchange". LEDs Magazine. Retrieved 2013-08-18.
  13. ^ "Rebranding of Vortek Division". Daktronics.com. Retrieved 2013-08-18.
  14. ^ PennWell Corporation (2007-10-04). "Daktronics installs world's largest HD display for Kansas City Royals". LEDs Magazine. Retrieved 2013-08-18.
  15. ^ "Daktronics Agrees to Purchase Belgium Display Manufacturer". Reuters. 2013-01-11. Archived from the original on 2013-06-20. Retrieved 2013-08-18.
  16. ^ Andrew Tarantola (2014-07-26). "The World's Largest HD LED Display Takes Over Jacksonville". Gizmodo. Retrieved 2014-07-26.
  17. ^ "Document".
  18. ^ "Scoreboards and Timing Systems :: Daktronics Products". Daktronics.com. Retrieved 2013-08-18.
  19. ^ "LED Signs and Message Displays". Daktronics. Retrieved 2013-08-18.
  20. ^ "LED Video Displays". Daktronics. Retrieved 2013-08-18.
  21. ^ "Digital Billboards :: Daktronics Products". Daktronics.com. Retrieved 2013-08-18.
  22. ^ "Digit & Price Display Products". Daktronics. Retrieved 2013-08-18.
  23. ^ "ITS Dynamic Message Signs". Daktronics. Retrieved 2013-08-18.
  24. ^ "Audio Systems :: Daktronics Products". Daktronics.com. Retrieved 2013-08-18.
  25. ^ "Automated Rigging and Hoists". Daktronics. Archived from the original on 2014-02-01. Retrieved 2013-08-18.
  26. ^ "Tote/Odds Boards". Daktronics. Retrieved 2013-08-18.
  27. ^ "Space Availability Displays :: Daktronics Products". Daktronics.com. Retrieved 2013-08-18.
  28. ^ "Software & Controllers". Daktronics. Retrieved 2013-08-18.
  29. ^ "Creative Services". Daktronics. Retrieved 2013-08-18.
  30. ^ "Daktronics Sports Marketing". Daktronics.com. Retrieved 2013-08-18.
  31. ^ "High-Tech Shot Clocks Improve Court Vision". NBA.com. 2005-11-18. Retrieved 2013-08-18.

External links

Wikimedia Commons has media related to Daktronics.
Retrieved from "https://justapedia.org/index.php?title=Daktronics&oldid=1109179131"