W. W. Gibbs, president of the Electric Storage Battery Company, stated on the night of Sunday December 16, 1894 that the company had consummated the day before in New York the purchase of all patents and patent rights concerning the manufacture and use of electric storage batteries of the General Electric Company, the Edison company, the Thomson-Houston, the Brush, the Accumulator company, the Consolidated Electric Storage Company and the General Electric Launch Company.
W. W. Gibbs, president of the Electric Storage Battery Company, acquired all patents and patent rights related to electric storage battery production from various companies including General Electric, Edison, Thomson-Houston, Brush, Accumulator Company, Consolidated Electric Storage Company, and General Electric Launch Company on December 16, 1894.