Automated gasoline dispenser using radio frequency identification technology.FORT WAYNE Fort Wayne, city (1990 pop. 173,072), seat of Allen co., NE Ind., where the St. Joseph and St. Marys rivers join to form the Maumee River; inc. 1840. It is the second largest city in the state, a major railroad and shipping point, a wholesale and distribution hub, , Ind.--(BUSINESS WIRE)--April 4, 1997--Tokheim Corporation (TOK-NYSE) announced today its completed product development of an automated gasoline dispenser for the retail petroleum marketplace that uses MicroStamp remote intelligent communications (RIC RIC Rhode Island College RIC Rehabilitation Institute of Chicago RIC Regulated Investment Company RIC Royal Irish Constabulary RIC Reuters Instrument Code RIC Roman Imperial Coinage RIC Resources Inventory Committee RIC Rapid Intervention Crew ) technology from Micron Communications, Inc. based in Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. . Tokheim, the world's largest manufacturer of petroleum dispensing equipment and related systems, will integrate Micron Communications' MicroStamp RIC technology and products into systems that are marketed to petroleum retailers worldwide. The new technology allows customers to communicate with gas dispensers from a distance with radio waves Radio waves Electromagnetic energy of the frequency range corresponding to that used in radio communications, usually 10,000 cycles per second to 300 billion cycles per second. using a car-mounted tag or key fob (1) A remote control car door opener such as the common "clicker" used with most modern automobiles. (2) A USB flash drive used for storage or as an identification key. See USB drive and authentication token. that contains an intelligent chip and antenna. The use of such technology will facilitate the speed and convenience of gasoline purchases by the motoring public. John A. Negovetich, president of Tokheim North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , said, "Tokheim introduced its Dispenser Payment Terminal in 1986, and this product is a natural extension of payment at the pump, with the added attraction of enhanced marketing tools for both the retailer and the customer. We are excited to be working with a cutting edge technological leader such as Micron Communications in this endeavor." "The petroleum industry is an important priority for us, and we are pleased that Tokheim has chosen MicroStamp technology to develop its new automated gasoline dispenser," said John R. Tuttle, chairman and president of Micron Communications. Micron Communications is developing remote intelligent communications (RIC) technology marketed under the "MicroStamp" brand name. RIC technology offers wireless data communications capability for asset tracking, enhanced security systems, automatic vehicle identification, remote smart card technology, and other applications. Micron Communications, Inc. is a subsidiary of Micron Technology, Inc., whose common stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , Inc. (NYSE NYSE See: New York Stock Exchange ) under the symbol MU. For more information about Micron Communications, please visit its web site at www.microncommunications.com . Tokheim Corporation and its subsidiaries are principally engaged in the design, manufacture, and servicing of electronic and mechanical petroleum dispensing marketing systems, including service station equipment, point-of-sale control systems, and card- and cash-activated transaction systems for customers around the world. MicroStamp is a trademark of Micron Communications, Inc. CONTACT: Tokheim Corporation, Fort Wayne James H. Gavin, 219/470-4663 |
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