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Dacom, Inc. was founded in 1966 by two ex- Lockheed engineers, Daniel Hochman, President, and Don Weber, Vice President, building on their pioneering work on digital image compression invented for satellite communications. Their work resulted in the first commercial digital fax machine and later the first sub-minute facsimile transmission over a single standard phone line. In 1973 Dacom was recipient of the IR-100 Award (the name was later changed to the R&D 100 Awards) for the most significant new product in Information Technology. The patents and technology developed by Dacom have become the foundation of the modern desktop fax machine.