Custom Vending Machines

Posts tagged ‘vending technology’

AVT provides new technology to the growing $10.2 billion cannabis market

AVT has received increased interest in their automated medicine dispensing systems, which can be used by hospitals, doctor offices, pharmacies, alternative heath clinics and marijuana dispensaries. AVT’s newly designed systems provide for the automated dispensing and secure storage of medicines and regulated products.

“We are getting inquiries about our automated medicine dispensing systems from across the nation,” James Winsor, CEO of AVT said. “Our newest systems have been engineered to have a UL safe rating that meets or exceeds state requirements, a multi-point interior locking system, a double-walled design for additional protection, plus intrusion alert with motion sensor activation,” he added. “However, we are the manufacturer. Our systems are built for and sold by our client partners, and we direct all sales inquires to them, as appropriate.”

According to Pharmacy Times, the pharmacy automation systems market is expected to grow to $7.8 billion by 2018, having been valued at 4.7 billion globally in 2011. This market gain of over 65% does not include figures for the rapidly growing legal marijuana industry, which according to CNBC, could grow to $10.2 billion.

An article in Pharmacy Purchasing and Products stated that the growth in the Automated Dispensing Systems market is not surprising, considering they provide “Improved medication security, robust tracking capabilities and inventory control, and fewer dispensing errors compared with manual systems.”

The American Academy of Orthopaedic Surgeons recently recommended using automated medicine dispensing systems. “It is apparent that the use of this technology will decrease medication errors,” they reported. “Technological solutions will continue to emerge with efforts to improve safety and quality in all aspects healthcare delivery.”

Winsor is optimistic about the growing demand for automated dispensing systems. “Our expertise in this market is second to none, and as we continue to innovate and refine our systems, we will further secure our role as a key player in the rapidly growing healthcare and legal marijuana industries.”

For more information on AVT or their custom vending machines, call (877) 424-3663, or visit: www.autoretail.com.

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AVT Granted Patent on Important Technology

AVT was recently granted a patent from the U.S. Patent Office. The patent was discussed in a front page story in Vending Times, the leading trade publication for the vending, kiosk, and automated retailing industries.

The article stated that AVT’s new patent covers any system that is managing multiple machines wirelessly. The patent will allow the company to license their technology to other manufacturers and users, many of whom are already using similar systems that may be infringing upon AVT’s technology.

The patent contains 19 separate claims that include items such as the use of touchscreen interfaces for item selections, information, and payments in conjunction with wireless management.

The patent is seen as a game changer in the industry due to the enormous size of the user base, and it catapults AVT to the top of the field as many vending manufacturers and operators will now have to work out licensing arrangements to continue using this technology .

 

To view the Vending Times article, visit: http://www.vendingtimes.com/ME2/dirmod.asp?sid=EB79A487112B48A296B38C81345C8C7F&nm=Vending+Features&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=BBF1C2C7FB5B4474BA65013DBC1E704F

 

For more information on AVT, please call 877.424.3663 or visit the website at www.autoretail.com.

 

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