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In 1927 he began selling incandescent tungsten lighting to the film industry, which allowed a more natural lighting than the previous arc lights. The new lights were also silent, an advantage for the new .
Mole-Richardson invented the Fresnel lantern unit in 1935, adapting the fresnel lens lighthouse lens for use in motion pictures. It won the first of four technical Academy Awards the company has earned.
During World War II, Mole-Richardson concentrated their efforts on developing for battleships, tanks and artillery units to aid the Allied Forces' battle in Europe and the Pacific. In 1945, Peter Mole was invited to light the first United Nations conference held in San Francisco.
Peter Mole died on August 2, 1960, very suddenly. His son-in-law, Warren Parker, took over the company. Mole-Richardson Company LLC is now run by Michael Parker, one of Warren Parker's four sons and grandson of Peter Mole.
Mole-Richardson is considered by many to be the staple of motion picture and television lighting in the movie industry today, setting the standard for tungsten Fresnel fixtures. However, they do also manufacture HMI (Hydrargyrum Medium-arc Iodide) day-light lighting units. They have also introduced LED lights which consume less power and generate less heat. Their lighting instruments are generally recognized by their maroon coloring and "MR" logo.
In August 2015, the company moved to Pacoima neighborhood of Los Angeles, California.
In July 2021 the company moved to Sylmar, CA. 15148 Bledsoe St. Unit A, Sylmar, CA 91342.
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