A-8 were designed for smaller venues. Bill Hanley used Altec high frequency drivers and horns along with JBL bass drivers in his custom-built loudspeaker system for the Woodstock Festival in 1969. Some professional Altec Lansing products remained in use well into the 1990s. Altec Service Co. and Altec Lansing Professional audio products James Ling purchased the Altec Lansing Corporation from the ailing George Carrington Sr., in 1958. By the time James Ling spun Altec Lansing off in 1974, his company, LTV-Ling-Altec, had heavy debts. In 1984, Gulton Industries, Inc., purchased the Altec Sound Products Division from the Altec Lansing Corporation, which was operating under Chapter 11 of the U.S. Bankruptcy Code. Included with the purchase were the tooling, parts and product inventories, distributor network, designs, patents, and assets of the Sound Products Division of Altec Lansing. The motion picture theater sound installation and repair business, Altec Service Co., was sold to J. Bruce Waddell, then head of Altec Service, and comptroller Robert V. Gandolfi. They established it as A.S.C. Technical Services in Richardson, Texas. The Altec Lansing Corporation was formed by Gulton Industries as part of the purchase and headquartered in Oklahoma City, the site of the University Sound factory built by Jimmy Ling when he moved there from White Plains, New York. Prior to the purchase, Altec Lansing had been headquartered in Yorba Linda, California, but it was moved as part of an effort to reduce operating costs. Altec Lansing Corporation produced professional audio products until 1995, when Telex Communications, who had purchased Altec Lansing's parent company, EVI Audio, Inc., in 1997, consolidated all of their electronics manufacturing facilities into one location in Minnesota. Post-1996 In 1996, Altec Lansing Technologies Multimedia established an R&D center in Kfar Saba, Israel. The center, known as ALST Technical Excellence Center, cooperate with STMicroelectronics (ALST = Altec Lansing + STMicro) and focused on advanced multimedia technologies such as USB audio, surround sound and wireless audio as well as on handheld video. The center was closed in 2001 and the development activities moved to the Milford headquarters. In May 2000, Altec Lansing's Professional division was closed by Telex and the Altec Lansing was later sold to Sparkomatic and renamed Altec Lansing Technologies. The Altec Lansing Professional line was relaunched in April 2002 by Altec Lansing Technologies using a few former executives and sound engineers of the old Oklahoma City-based Altec Lansing Corporation, bringing Altec's