Prest-O-Lite

Carl Fisher and James Allison’s Prest-O-Lite Corporation marketed compressed gas canisters initially used to fuel the first viable automobile headlights. Fisher and Allison founded the company with Percy Avery in 1904 and eventually sold the company in 1917 for millions of dollars.


Prest-O-Lite was the breakthrough product that propelled the fortunes of Indianapolis Motor Speedway founders Carl Fisher and James Allison to elite levels. Both were established businessmen when they founded the corporation, originally named Concentrated Acetelyene Company.

Also see Prest-O-Lite explosions December 1907 and August 1907. This article is about the third explosion and the third strike for Prest-O-Lite as Indianapolis city officials forced the company to locate its operations outside the metropolitan area.
 

I obtained this article from the Town of Speedway Library, and it provides a tidy history of the Prest-O-Lite Company.
 

If you are interested in core technology behind Presto-O-Lite Company read this article explaining how acetylene gas is created and utilized for the application of headlights.

May 13, 2013 marks the 100th anniversary of the opening of the big Prest-O-Lite factory in Speedway - the town Carl Fisher envisioned as the "Horseless City." Fisher, a person the track could well use today, was a man of vision and one of his many plans was to create a living environment that integrated his business interests: the Indianapolis Motor Speedway, Prest-O-Lite and Speedway Realty Company.