Recognition Equipment Inc. (REI) early optical character recognition stock cert

Description

Old Stock Yard Collectible Stock and Bond Certificates
Recognition Equipment Inc. (REI)
Original stock certificate
Texas
Specimen - American Bank Note Company
From Wikipedia:
Edward "Gordon" Perry Jr. (September 29, 1912 – March 14, 2013) was an American inventor and businessman who served as chief research engineer for Texas Instruments. He was also a co-founder of Recognition Equipment, Inc, (REI). He is best known for inventing the first commercially viable Retina Character Reader (today known as the optical scanner or OCR)
Texas Instruments (TI) 1944 - 1961
After the US entered World War II, Perry joined Geophysical Service Inc.(GSI) to help create a magnetic airborne submarine detector. The underwater radar he designed to detect German and Japanese submarines from airplanes was successful and helped contribute to find enemy's subs, even as close to the US as the Gulf of Mexico. When G.S.I. became Texas Instruments in 1951, Perry continued to work there as a Research Engineer and inventor accumulating 75 patents in his name. His work on the Silicon Crystal Puller helped enable T.I. to have Silicon Transistors at least 10 years ahead of the industry. In recognition for his work, he was given the second Silicon Crystal ever produced. While at TI, Perry also worked on the team at TI's Central Research Laboratories (CRL) where Jack Kilby, in 1958, invented the integrated circuit.
Recognition Equipment Inc.(REI) 1961 – 1967. Invention of Retina Character Reader
After leaving TI in 1961 and founding National Data Processing Engineering (NDP), Perry designed and built a scanner computer for Southwest Medical School to reduce the analysis time of 3D x-ray movies of the heart to minutes instead of days. NDP also got a contract with the Federal Reserve System to automate check sorting. Remington Rand later bought NDP to access the sorter. Perry then co-founded Recognition Equipment Inc. (REI) where he developed his version of an optical scanner. He worked on a commercially viable Optical Reader, which could identify and “read” typed and handwritten text and numbers. The early designs of this invention were developed in his home garage and REI provided the means to bring his vision “to life”, as he taught computers to read. One of his page readers is in the Smithsonian Institution. The first multi-font reader was introduced in 1964 and sold to United Airlines. Perry’s optical data reader from REI could read 2000 typewritten characters per second, replacing a company's entire keypunch department. REI’s stock went public in 1965 and was successful enough to enable Perry to retire in 1967.
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