The Strowger Automatic Telephone Exchange Company became the Automatic Electric Company, which Strowger was involved in founding, although Strowger himself seems not to have been involved in further developments. The Strowger patents were exclusively licensed to the Automatic Electric Company. Strowger sold his patents in 1896 for US$1,800 and sold his share in Automatic Electric in 1898 for US$10,000. His patents subsequently sold for US$2.5 million in 1916. Company engineers continued development of the Strowger designs and submitted several patents in the names of its employees.