Instrument Systems Corporation - Specimen Stock Certificate
Inv# SE2705 Specimen Stock
Minor Paper Tears at right as shown in scan. Specimen Stock printed by Federated Banknote Company. In 1959, Long Island businessman Helmuth W. Waldorf – a tool and die maker's apprentice who had immigrated to the United States from Germany to study at Columbia University – founded a small defense electronics company in College Point, Queens that was initially named Waldorf Controls Corporation but changed its name later that year to Instrument Systems Corporation (ISC). In 1961, ISC issued shares to the public and bolstered its fledgling avionics business by acquiring Telephonics Corporation. Established in December 1933, Telephonics was among a handful of aviation electronics pioneers that formed the nucleus of the aviation and defense industry on Long Island during the mid-20th century. ISC struggled financially in its early years. To reposition the company for future growth, ISC's major stakeholders, including Waldorf and director Lester Avnet, the president of Avnet Electronics Corporation and son of its founder Charles Avnet, turned to a highly regarded former executive at Loral Corporation, Edward Garrett. Read more at https://en.wikipedia.org/wiki/Griffon_Corporation#History
Stock and Bond Specimens are made and usually retained by a printer as a record of the contract with a client, generally with manuscript contract notes such as the quantity printed. Specimens are sometimes produced for use by the printing company's sales team as examples of the firm’s products. These are usually marked "Specimen" and have no serial numbers.
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