Trans-Lux is a company that specializes in designing, selling, leasing and maintaining multi-color, real-time data and LED large-screen electronic information displays, but is primarily known as a major supplier of national stock ticker display devices for stock exchanges.
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Until being delisted in 2011 Trans-Lux stock was the oldest company to be listed on the American Stock Exchange.
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In 1964 Trans-Lux built its first shopping center theater, an 850-seat facility in Reisterstown Road Plaza Mall in Baltimore.
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In 1973 Trans-Lux lost money on its theaters for the first time in years.
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Trans-Lux soon began developing specialized rear-projection equipment for television studios, greatly expanded its engineering capacity and started supplying the studios with "Teleprocess" screens and projectors.
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When closed circuit television appeared in the late 1940s, Trans-Lux adapted that technology for viewing stock market information and formed an electronics division to develop and sell CCTV systems in 1959.
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The expanded business required Trans-Lux to move from its Brooklyn headquarters to a larger, five-story building in Long Island City.
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Trans-Lux retained the series until 1969, when it sold off its animated television holdings in order to concentrate on manufacturing illuminated stock market tickers.
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In 1940, Trans-Lux purchased a patent for a remote-control signaling system that enabled small rounded pellets to form letters and numbers and travel around outdoor message signs.
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Two years later, they announced the Trans-Lux Jet, named for the jets of air that controlled character formation in the sign.
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Shortly after introducing the Jet, Trans-Lux applied the same innovations to closed-circuit television.
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In 1969, Trans-Lux had succeeded in reducing the size of the Jet to one-fifth of the original.
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Trans-Lux soon began to develop and then manufacturing the device, now called the Personal Ticker, which could be programmed to monitor up to 40 stocks on a single exchange.
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Trans-Lux formed an industrial sales department in 1970 under the leadership of Louis Credidio, who went after the commodity market and in 1971 sold an adaptation of the Personal Ticker, the T-900, to the Chicago Board of Trade.
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Soon Trans-Lux completed sales to many other commodity exchanges, capturing a small but significant new market.
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Credidio studied the telex terminal field and by 1974 Trans-Lux began marketing a telex terminal, the Trans-Lux Teleprinter, to several industries.
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Early in 1995, Trans-Lux acquired Integrated Systems Engineering, Inc, a full-service electronic sign manufacturing company, to broaden its outdoor signage capabilities, such as those found on billboards, or outside truck stops, banks, and sports arenas.
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Trans-Lux entered the health care industry with products designed for hospitals, pharmacies, and outpatient clinics by offering critical information displays.
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Trans-Lux now has major US sales and service centers in Norwalk; New York; Atlanta; Chicago; and Torrance, California, in addition to their satellite offices throughout the US and Canada.
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Trans-Lux announced that it received a letter dated November 10,2010, from NYSE Amex informing it that the Listings Qualifications Panel of the Exchange's Committee on Securities has affirmed the determination to delist Trans-Lux's common stock as of November 17,2010.
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