FKI Receives Two New Patents for NKL Products
Released: 12-9-02
The US Patent and Trademark Office has published two patents applications for NKL principals
relating to NKL Cash Handling. The patent-pending status covers the creation of a master-slave
controller design in the NKL cash management systems and its money tubes. These two patents were
officially published on Oct. 10, 2002.
NKL cash management includes standalone single unit products as well as an expandable network
formation for multiple units. The line includes coin dispensing safes, bill validating safes, and
access control safes. Up to 32 devices in a single location can be controlled by one safe. NKL
Cash Handling equipment is used by leading retail, restaurant, and convenience store chains
nationwide.
Specifically the patent applications cover the following. On a network, at least one of the units
communicates with the following components on the other device:
— Data input device
— Electronic display readout
— Connector interface
— Electronic Lock Mechanism
The controller system allows for tracking and reporting of all valid data which may include daily
reports, actual cash present, individual user reports, user identification, bill validation,
deposit tracking and cash dispensing. From a remote location, a manager can then track all
transactions on a network. Cash management machines also allow senior retail management to control
cash, both in when, to whom, and how it is dispensed and accepted. Current models include a
biometric approach to positive ID validation, a new industry trend.
Patent-pending status was issued for the unique, money tubes used in NKL Autobank dispensing
safes. The tube design will hold rolled cash and every coin available throughout the world,
including Australian half dollars and Euros.
The primary differentiating factor in NKL cash management products is the company’s AuditLok XLV
technology. This allows for smart tracking of all entries and exits on the systems. AuditLok XLV
offers a complete, audited cash control and accounting system. The system is modular in design and
includes a cash dispenser, cash validator, and/or multi-validator, as well as inner door/outer
door safe style for manual drops.
FKI CEO Van Carlisle said his company intends to aggressively pursue the cash management
marketplace. “We believe that we are the first to market with a true cash management system. We
intend to aggressively market our turnkey solution as the best answer to loss prevention in the
retail and banking sectors,” Carlisle said. Under patent-pending status and until patent issuance,
FKI Security Group principals can also obtain reasonable royalties from any competitor who makes,
uses or sells the invention in the published application.
NKL Cash Handling is a member of the FKI Security Group, based in New Albany, IN with sales over
$15 million in the United States. For product information, contact, Mike Smith Vice President of
Research & Development at 800-457-2424, Ext. 1262, or visit www.nkcashhandling.com.
For more information contact news@fkisecuritygroup.com.
© 2003 FKI Security Group
Updated 2-14-03
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