Complex sentence: Preston Farley invented the Farley Jet Cooker, subsequently licensed to the Staley Company which is still producing this under the name of the Staley Jet Cooker and it is still used widely today in the manufacture of confections and paper.
Split into simpler sentences: Preston Farley invented the Farley Jet Cooker, subsequently licensed to the Staley Company which is still producing this under the name of the Staley Jet Cooker. The Jet Cooker is still used widely today in the manufacture of confections and paper.