Coinstar, Inc. announces second patent on coin counting machine; invention allows consumers to convert coins into cash.BELLEVUE, Wash.--(BUSINESS WIRE)--June 12, 1997--Coinstar(R), Inc. announced that the United States Patent and Trademark Office The United States Patent and Trademark Office (PTO or USPTO) is an agency in the United States Department of Commerce that provides patent protection to inventors and businesses for their inventions, and trademark registration for product and intellectual property has issued patent number 5,620,079 to Coinstar, Inc. This new patent is in addition to Coinstar's original patent number 5,564,546 issued October 15, 1996. "The technology necessary to quickly, accurately and reliably identify, count and process coins is complex," said Dan Gerrity, Vice President and Chief Technical Officer of Coinstar, Inc. "We are gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that the patent office has recognized our inventions. The two patents form the basis of a portfolio that we look forward to building with continued innovation, research and development. Our patents are one of our principal competitive strengths." The Coinstar(R) network consists of more than 2,200 automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. , self-service, coin counting and processing machines that provide customers with a convenient means to convert loose coins into cash. The Coinstar network is currently available in supermarkets in 23 states and the company has recently begun bank installations. The Coinstar machine accepts a consumer's stash stash Drug slang noun A place where illicit drugs are hidden of unsorted coins, quickly counting and sorting them. In return, the customer receives a voucher A receipt or release which provides evidence of payment or other discharge of a debt, often for purposes of reimbursement, or attests to the accuracy of the accounts. that can be exchanged at the supermarket checkstand for cash or in-store purchases. Coinstar, Inc. was established in 1990 and is headquartered in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. . CONTACT: Coinstar, Inc. David Herrick, 425/644-6789 |
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