High Technology Companies
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 Philco
Corporation, also known as the Philadelphia Storage Battery Company, was a prominent
American consumer electronics company that specialized in the production of radios
and televisions. It was founded in Philadelphia in 1892 as the Helios Electric Company
and later changed its name to the Philadelphia Storage Battery Company in 1906.
During the early years, Philco primarily manufactured storage batteries for various
applications, including electric vehicles and radio receivers. However, it wasn't
until the 1920s that the company began producing radios under the Philco brand name.
Philco quickly gained popularity for its innovative designs and reliable performance,
becoming one of the leading radio manufacturers in the United States.
In the 1940s, Philco expanded into television production, capitalizing on the
growing demand for this emerging technology. The company introduced a range of television
sets, including black-and-white models and later color televisions. Philco's televisions
were known for their quality construction and advanced features, and the brand became
a trusted name in the industry.
1945, Philco Corporation owned and operated WPTZ, a television station located
in Philadelphia. WPTZ, which was originally licensed as W3XE, was one of the pioneering
television stations in the United States. It began broadcasting experimental television
programs in the 1930s. Philco Corporation, being a major player in the consumer
electronics industry, recognized the potential of television and acquired the station
in 1941. The acquisition allowed Philco to have a direct stake in the emerging television
market.
Under Philco's ownership, WPTZ expanded its operations and became a fully licensed
commercial television station. The call letters were changed to WPTZ, standing for
"Philco Television Station, Philadelphia." The station continued to broadcast a
variety of programming, including news, sports, and entertainment content.
Over the years, Philco continued to innovate and introduce new technologies.
In the 1950s, they introduced the Predicta line of televisions, featuring distinctive
designs with swivel screens and futuristic styling. However, despite its success,
Philco faced increasing competition from other consumer electronics manufacturers,
and the company began to decline in the 1960s.
Philco went through various ownership changes and financial struggles in the
following decades. The original Philco Corporation went bankrupt in 1960, and the
brand changed hands several times. Today, the Philco name is no longer actively
used in the consumer electronics market.
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