Reginald Fessenden
Reginald Aubrey Fessenden (October 6, 1866 – July 22, 1932) was a Canadian-born inventor, who did a majority of his work in the United States and also claimed U.S. citizenship through his American-born father. During his life he received hundreds of patents in various fields, most notably ones related to radio and sonar.
Reginald Fessenden
The technical achievements made by Fessenden were not matched by financial success. Walker and Given continued to hope to sell NESCO to a larger company such as the American Telephone & Telegraph Company (AT&T). After the December 21, 1906 demonstrations, AT&T was said to be planning to acquire NESCO, but financial setbacks caused the telephone company to reconsider, and NESCO was unable to find another buyer. There were growing strains between Fessenden and the company owners, and Fessenden's formation of the Fessenden Wireless Company of Canada in Montreal in 1906 may have led to suspicion that he was trying to freeze Walker and Given out of a potentially lucrative competing transatlantic service. The final break occurred in January 1911, when Fessenden was formally dismissed from NESCO. This resulted in his bringing suit against NESCO, for breach of contract. Fessenden won the initial court trial and was awarded damages; however, NESCO prevailed on appeal. To conserve assets, NESCO went into receivership in 1912, and Samuel Kintner was appointed general manager of the company. The legal stalemate would continue for over 15 years. In 1917, NESCO finally emerged from receivership, and was soon renamed the International Radio Telegraph Company. The company limped along for a few years, until it was sold to the Westinghouse Electric & Manufacturing Company in 1920, and the next year its assets, including numerous important Fessenden patents, were sold to the Radio Corporation of America (RCA), which also inherited the longstanding Fessenden legal proceedings. Finally, on March 31, 1928, Fessenden settled his outstanding lawsuits with RCA, receiving a significant cash settlement.