"Technicolor - conceived at Boston Tech and born in a rail way car in 1917, attained its majority, properly enough, 28 years later when Dr. Herbert Thomas Kalmus, president and founder, received the 1938 Progress Award from the Society of Motion Picture Engineers at its annual convention."
"The story of Technicolor begins in 1915 when Dr. Kalmus and his associates became interested in a color process. Dr. Kalmus' task was to find a suitable name, and, a Boston Tech man himself, he combined "Technique," the engineering school's class annual, and Color and so was born Technicolor."
"By 1923, Technicolor was ready for the industry with a three-color process. Walt Disney pioneered it, and his "Three Little Pigs" and other three-color cartoons of those days sold the public, helped sell the motion picture industry, and so sold Disney that all his product is now in Technicolor."
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From Amazon: The Dawn of Technicolor: 1915-1935