TransactionsIP LLC is pleased to present the exclusive patents for sale “ IOT AUTOMATED DISPENSER ” which includes U.S. Patents US 9245403B2, US 9959530B2 and Patent application US 20180211235A1 assigned to Scanx LLC. The IP relates to an IOT controlled automatic dispenser capable of dispensing in response to detection of presence or motion of an object or instructions.
The technology disclosed provides the following advantages:
- It offers automatic, quick and easy access to the vending goods without any retail establishment required.
- It provides goods in a timely manner and prevents the customer from having to wait in a check-out line.
- It can be easily operated using mobile device technologies like Near Field Communication (NFC), etc.
- The flow control module communicates with the dispensing portion to increase, decrease, or maintain the rate of flow of the product.
The Vending machine market is estimated to grow from USD 1.94 billion in 2017 to USD 5.40 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.8% during the forecast period. Deployment of vending machines provide goods to consumer in a timely manner, compared to waiting in a check-out line. Effective management and improved security of data, seem to be major driving factors for automated vending machines.