Glory has been granted a patent for a coin handling apparatus featuring a conveyor with a transport path that includes an opening for coin dropping. The apparatus utilizes a gate mechanism, controlled by a drive motor, to selectively open or close the opening, allowing for efficient coin sorting. GlobalData’s report on Glory gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Glory, Virtual banking assistant was a key innovation area identified from patents. Glory's grant share as of June 2024 was 47%. Grant share is based on the ratio of number of grants to total number of patents.
Coin handling apparatus with gate-controlled dropping mechanism
The patent US12033453B2 describes a coin handling apparatus designed to efficiently transport and drop coins through a controlled mechanism. The apparatus features a conveyor with a transport path that includes a transport surface and a pin that pushes coins along this path. A key component is a gate positioned at an opening in the transport surface, which can move between a closed and an open position. When closed, the gate prevents coins from dropping through the opening, while in the open position, it allows coins to be released. The gate consists of two members: a first member located upstream and a second member downstream, each capable of rotating about their respective axes. This design ensures that when the gate opens, the first member rotates in one direction while the second member rotates in the opposite direction, allowing for the seamless passage of coins.
Additional claims detail the structural features and functionalities of the apparatus. The first and second members are designed to be flush with the transport surface when closed, and they include specific cut-outs to facilitate the movement of the transport pin. The apparatus can also accommodate multiple chutes, each with its own gate, allowing for independent operation. The design includes a link structure to synchronize the movement of the gate members, ensuring coordinated opening and closing. Furthermore, the patent outlines various configurations for the members, including T-shaped and U-shaped designs, enhancing the apparatus's versatility in handling coins. Overall, the invention aims to improve the efficiency and reliability of coin handling in various applications.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
