Automatic Cashier Machine IP Portfolio Available for Auction by ICAP Patent Brokerage

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SOURCE ICAP Patent Brokerage

MENLO PARK, Calif., March 1, 2013 /PRNewswire/ -- ICAP Patent Brokerage announces for auction an automatic cashier machine from inventor John Strisower, which receives tokens, chips, or coins and dispenses cash of equal value. This lot will be included in the 18^th ICAP Ocean Tomo IP Auction on March 20, 2013 at the Rosewood Sand Hill Hotel in Menlo Park, California.

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"We are excited to be offering this automatic cashier machine IP package to our global base of buyers. This innovative apparatus is highly relevant to the casino and gaming industry as well as automated coin counting companies," says Dean Becker, CEO of ICAP Patent Brokerage.

Key Characteristics & Benefits
The portfolio for sale includes an apparatus for receiving tokens, chips, or coins and dispensing cash of equal value. The machine performs three key steps in the exchange – recognition, calculation, and dispensing. First, a recognition device distinguishes the denomination of the token inserted and source of the token, for example, when the token is not a government-issued legal tender. Next, a controller device calculates the monetary value of the token. Finally, the machine dispenses cash equal in value to the monetary value of the token, chip, or coin submitted to complete the exchange.

Cashier services are integral to the gaming and casino industry, and this enhanced automatic machine would provide operators and patrons with an efficient alternative to traditional methods for chip and token exchanges. The enhanced machine available for sale provides fast, accurate, and convenient coin dispensing, which help users make the most of their money. Therefore, this is an important IP portfolio for the growing automated coin counting industry, with an increasing presence in supermarkets, mass merchants, and financial institutions.

See this technical description of the automated cashier machine IP sales offering.

To learn more about the assets available for sale in this portfolio:
Contact Tim Schnurr of ICAP Patent Brokerage at (212) 815-6693 or via email at Tim.Schnurr@us.icap.com.

Visit our website to make a patent submission for the auction.

About ICAP Patent Brokerage
ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.

About ICAP
ICAP is the world's leading interdealer broker and provider of post trade risk and information services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, go to www.icap.com.

Automatic Cashier Machine IP Portfolio Available for Auction by ICAP Patent Brokerage - ABC5 News Des Moines, IA

Automatic Cashier Machine IP Portfolio Available for Auction by ICAP Patent Brokerage