Alfred Lee Loomis in the context of "Research and development"

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⭐ Core Definition: Alfred Lee Loomis

Alfred Lee Loomis (November 4, 1887 – August 11, 1975) was an American attorney, investment banker, philanthropist, scientist, physicist, inventor of the LORAN Long Range Navigation System and a lifelong patron of scientific research. He established the Loomis Laboratory in Tuxedo Park, New York, and his role in the development of radar and the atomic bomb contributed to the Allied victory in World War II. He invented the Aberdeen Chronograph for measuring muzzle velocities, contributed significantly (perhaps critically, according to Luis Alvarez) to the development of a ground-controlled approach technology for aircraft, and participated in preliminary meetings of the Manhattan Project.

Loomis also made contributions to biological instrumentation. Working with E. Newton Harvey he co-invented the microscope centrifuge, and pioneered techniques for electroencephalography. In 1937, he discovered the sleep K-complex brainwave. During the Great Depression, Loomis anonymously paid the Physical Review journal's fees for authors who could not afford them.

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👉 Alfred Lee Loomis in the context of Research and development

Research and development (R&D or R+D), known in some countries as experiment and design, is the set of innovative activities undertaken by corporations, wealthy industrialists (such as Alfred Lee Loomis ), or governments in developing new services or products. R&D constitutes the first stage of development of a potential new service or the production process.

Although R&D activities may differ across businesses, the primary goal of an R&D department is to develop new products and services. R&D differs from the vast majority of corporate activities in that it is not intended to yield immediate profit, and generally carries greater risk and an uncertain return on investment. R&D is crucial for acquiring larger shares of the market through new products. R&D&I represents R&D with innovation.

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