One of Caterpillar's Fathers Inducted Into Inventor Hall of Fame
February 14, 2006 — One of Caterpillar Inc.'s founding fathers is being recognized for his ingenuity and entrepreneurial spirit with induction into the National Inventors Hall of Fame. At a recent news conference held in
Holt's invention was inspired by the plight of
"Holt invented the tracks, but he also set the standard for innovation and quality that all of Team Caterpillar aspires to in 2006 and beyond," said Robert T. Williams, Caterpillar vice president with responsibility for the company's flagship Track-Type Tractors Division.
In honor of the continuing inventive spirit at Caterpillar, the company is beginning an internal inventor award program, recognizing engineers who acquire 15 or more patents in the course of their Caterpillar careers. Caterpillar has more than 3,800 inventors who have contributed to more than 6,800 granted
The Holt Manufacturing Company merged with competitor C. L. Best Tractor Co. in 1925, forming the Caterpillar Tractor Co., predecessor to modern-day Caterpillar Inc. Both founding families set in place the tradition of innovation that continues today. Benjamin Holt achieved 47 patents in his name; his nephew Pliny Holt had 38 patents. Fellow Caterpillar Inc. founders Daniel Best had 42 patents and his son C. L. Best, the first chairman of Caterpillar, had 27 patents. Some of C. L. Best's patents reflect inventions he refined during his tenure as chairman as he continued to innovate while leading the successful company.
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