Buying gas at the pump no longer requires a card or cash; tiny computer chip in keychain communications with gas pumps from a distance.GREENSBORO, N.C.--(BUSINESS WIRE)--April 4, 1997-- Gilbarco Inc. announced today plans to develop an automated authorization system for fuel dispensers using the MicroStamp(TM) technology fro Micron Communications, Inc., (NYSE NYSE See: New York Stock Exchange :MU) 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. . The new technology speeds the fueling process by eliminating the need to fumble for a card or cash, swipe a card, or use a keypad. Instead, a tiny computer chip and antenna mounted in a postage stamp-sized keychain communicates with the gas pump from a distance using 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. . The customer is identified and the pump is authorized automatically. The new system will be created by combining Gilbarco's expertise in fuel dispenser automation with Micron Communications' innovative 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. Once developed, Gilbarco will distribute the system as a factory installed option or upgrade retrofit kit for their dispensers under the TRIND(TM) (Transmitter/Receiver in Dispenser) trademark. Shell Oil Products Company is working in conjunction with Gilbarco and Micron Communications and plans on introducing the new technology, which Shell will call Shell EASY PAY, into two test markets this summer. "We believe that MicroStamp is the ideal technology for creating new and innovative pump and dispenser applications" said Craig Hartsell, Jr., Manager of Product Development for Gilbarco. "Gilbarco intends to make this technology available to the entire retail petroleum industry and expects it to become the standard for fuel dispenser applications." Gilbarco, headquartered in Greensboro, North Carolina “Greensboro” redirects here. For other uses, see Greensboro (disambiguation). Greensboro, North Carolina (IPA: [ɡɹiːnsbʌɹəʊ]) is a city in the U.S. state of North Carolina. is a manufacturer of fuel dispensers and service station automation equipment with affiliated manufacturing facilities worldwide. Gilbarco's The Advantage(R) dispenser series with CRIND CRIND Card Reader in Dispenser (Fuel Pump System) (TM) (Card Reader in Dispenser and G-SITE(TM) POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale systems have set industry standards for service station automation and customer convenience. 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) under the symbol MU. For more information about Micron Communications, please visit its web site at www.microncommunications.com . CONTACT: Gilbarco Inc. Craig Hartsell, 910/547-5000 x5721 www.gilbarco.com |
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