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October 22, 2019
We travel back to Menlo Park, New Jersey where inventor Thomas Edison used carbonized cotton thread to make a major lighting breakthrough
"I haven't failed -- I've just found 10,000 ways that won't work." – Thomas Edison.
The year is 1878, the place is Menlo Park New Jersey. Hot off the success of his phonograph, Thomas Edison has his sights set on the light bulb. He figures he and his team of 40 researchers can come up with a functioning incandescent bulb in three or four months.
But it wasn't until more than a year later, on the morning of October 22 (after working all through the day of October 21, 1879) that Thomas Alva Edison and his team finally “perfected” the incandescent light bulb. The bulb cost USD 40,000 (about USD 850,000 in today's money) and burned for slightly more than half a day.
The lengthy timeframe was partially because Edison was also busy developing an electric meter, redesigning his telephone receiver (to avoid infringing on the patent held by Alexander Graham Bell) and finessing his electrical generators.
And yet, with all this going on, in the face of numerous setbacks, Edison got there. And with that first incandescent light bulb he also forged the path for a whole industry.
140 years later Edison’s legacy is still visible in the relentless innovation taking place in the lighting sector. Signify is proud to be a part of that tradition, continuing to innovate and improve lighting products, even redefining what’s possible with lights.
The secret to success – as true in Edison’s time as it is today – is perseverance. As Edison himself said, "Genius is 1% inspiration and 99% perspiration.”
Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2023, we had sales of EUR 6.7 billion, approximately 32,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for seven consecutive years and have achieved the EcoVadis Platinum rating for four consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.
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