Josephson was awarded several important prizes for his discovery, including the 1969 Research Corporation Award for outstanding contributions to science, and the Hughes Medal and Holweck Prize in 1972. In 1973 he won the Nobel Prize in Physics, sharing the $122,000 award with two other scientists who had also worked on quantum tunnelling. Josephson was awarded half the prize "for his theoretical predictions of the properties of a supercurrent through a tunnel barrier, in particular those phenomena which are generally known as the Josephson effects". The other half of the award was shared equally by Japanese physicist Leo Esaki of the Thomas Watson Research Center in Yorktown, New York, and Norwegian-American physicist Ivar Giaever of General Electric in Schenectady, New York.