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| 24 March |
| Academy Lobby, AMPAS, Los Angeles, California, USA |
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| | Winners: | | | - Consolidated Film Industries; Barnebey-Cheney Co.
- For the development of a system for the recovery of film-cleaning solvent vapors in a motion-picture laboratory.
- William L. Graham (Technicolor); Manfred G. Michelson (Technicolor); Geoffrey F. Norman (Technicolor); Siegfried Seibert (Technicolor)
- For the development and engineering of a continuous, high-speed, Color Motion Picture Printing System.
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| | Winners: | | | - Carl Zeiss Co.
- For the design and development of super-speed lenses for motion-picture photography.
- Panavision, Inc.
- For the design and development of super-speed lenses for motion-picture photography.
- Photo Research Division of Kollmorgen Corp.
- For the engineering and manufacture of the spectra TriColor Meter.
- Fred Bartscher (Kollmorgen Corp.); Glenn Berggren (Schneider Corp.)
- For the design and development of a single-lens magnifier for motion-picture projection lenses.
- Hiroshi Suzukawa (Canon); Wilton R. Holm (AMPTP Motion Picture and Television Research Center)
- For the design and development of super-speed lenses for motion-picture photography.
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