Year: 1967 IBM scientists produce the first monolithic integrated germanium circuits, and discover and prove a series of formulas that give a minimum number of steps required for the addition, multiplication and comparison of numbers. IBM plays a key role in the successful Saturn V test flight, and builds a trillion-bit photo-digital storage system for the Atomic Energy Commission. A Management Committee of senior executives is formed to assist the Corporate Office in management of overall affairs of the corporation. IBM announces the IBM System/360 Model 25; Paper Tape "Electric" Composer; and binary synchronous communications, an IBM technique that regulates and speeds flow of data characters into transmission lines.