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| 30 March |
| Billy Crystal |
| Dorothy Chandler Pavilion, L.A. County Music Center, Los Angeles, California, USA |
| | Awarded to: | | | - Satyajit Ray
- For his rare mastery of the art of motion pictures and for his profound humanitarian outlook, which has had an indelible influence on filmmakers and audiences throughout the world. - Satyajit Ray was not present at the awards ceremony. His acceptance speech was pre-recorded in Calcutta.
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| | Awarded to: | | | - Pete Comandini (YCM Laboratories); Richard Dayton (II) (YCM Laboratories); Donald Hagans (YCM Laboratories); Richard T. Ryan (YCM Laboratories)
- For the creation and development of a motion picture film restoration process using liquid gate and registration correction on a contact printer.
- Richard J. Stumpf; Joseph Westheimer
- For outstanding service and dedication in upholding the high standards of the Academy of Motion Picture Arts & Sciences.
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| | Awarded to: | | | - George Lucas
- The crew of the orbiting space shuttle Atlantis (STS-45) participated in the presentation of the Thalberg Award to George Lucas. An Oscar statuette was aboard the shuttle to commemorate the event.
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| 7 March |
| L.A. Ballroom, Century Plaza Hotel, Los Angeles, California, USA |
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| | Winners: | | | - Harry J. Baker
- For the design and development of the first full fluid-action tripod head with adjustable degrees of viscous drag.
- Guido Cartoni
- For his pioneer work in developing the technology to achieve selectable and repeatable viscous drag modules in fluid tripod heads.
- Randy Cartwright; David Coons (II); Lem Davis; Thomas Hahn; Jim Houston; Mark Kimball (I); Dylan Kohler; Peter Nye; Michael Shantzis; David F. Wolf; Walt Disney Feature Animation Department
- For the design and development of the "CAPS" production system for film animation.
- Mario Celso
- For his pioneering work in the design, development and manufacture of equipment for carbon arc and xenon power supplies and igniters in motion picture projection.
- Faz Fazakas; Brian Henson; Dave Housman; Peter (XL) Miller; John Stephenson (II)
- For the development of the Henson Performance Control System.
- Ray Feeney; Richard Keeney; Richard J. Lundell
- For the software development and adaptation of the Solitaire Film Recorder that provides a flexible, cost-effective film recording system.
- Iain Neil; Albert K. Saiki; Panavision, Inc.
- For the optical design (Neil), the mechanical design (Saiki) and the concept and development (Panavision) of the Primo Zoom Lens for 35m cinematography.
- Georg Thoma; Heinz Feierlein; Engineering department of Sachtler AG
- For the design (Thoma) and the development (Feierlein/Sachtler) for a range of fluid tripod heads.
- George Worrall
- For the design, development and manufacture of the Worrall geared camera head for motion picture production.
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| | Winners: | | | - Century Precision Optics
- For the opto-mechanical design and development of the Canon Century Precision Optics Zoom Lens.
- Dick Cavdek; Steve Hamerski; Otto Nemenz Int'l. Inc.
- For the opto-mechanical design and development of the Canon/Nemenz Camera Zoom Lens.
- Jim Doyle (I)
- For the design and development of the Dry Fogger, which uses liquid nitrogen to produce a safe, dense, low-hanging dry fog.
- Ken Robings; Clairmont Camera
- For the opto-mechanical design and development of the Canon/Nemenz Camera Zoom Lens.
- Robert W. Stoker Jr.
- For the design and development of a cobweb gun for applying non-toxic cobweb effects on motion picture sets with both safety and ease of operation.
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