Bridgewater, NJ (PRWEB)
July 08, 2015
The case is administered by Chapter 11 bankruptcy trustee Gil A. Miller of Salt Lake City, UT
Case number: 09-22584 (Chapter 11)
US Bankruptcy Court District of Utah
Title: Waterford Funding, LLC
The patent is being sold as is, with no representations or warranties.
The patent’s technology exemplifies a remarkably versatile design and use of a container, which utilizes existing vending machines configured for selective dispensing of canned drinks. The invention enables packaging solid or semi-solid food or non-food items that may be sealed within two separate and detachable compartments. Shaped as a single cylinder, it provides an external flip top opening and an internal opening to the second compartment. Flexibility is allowed for dimensions, size, and shape to accommodate packaging requirements of products sold. The original USPTO filing date for the vendable container was December 22, 1993. The patent was issued December 28, 1999 and expires December 28, 2016.
The vendable container’s versatility includes the following features:
The compartments may be fully detached, partially separated, or resealed.
Food carrying containers may be made of metals, such as aluminum, tin, steel, or metal alloys. Metals and alloys must be lined internally with a protective coating that will not taint the food or cause any adverse physical reaction to the consumer.
Other structure materials may include plastic, sturdy polymeric materials, or heavy cardboard.
Non-Food containers may use, for the interior, additional configurations and softer materials (such as nylon) to provide protective reinforcement unique to its contents.
Materials used for the structure, whether carrying food or non-food items, must be suitable for its contents and able to safely withstand dispensing impacts from canned beverage vending machines.
To meet content requirements, the container may be constructed to be frozen, refrigerated, heated, or maintained at room temperature.
With its adaptable design, the container can meet the needs of an endless stream of pre-packaged food types, such as nuts, candy, baked goods, chips, dried fruit, jerky, as well as, fresh sandwiches, fruit, vegetables, yogurt, or even ice cream.
The scope of non-food items is broad. Examples include sporting goods products such as golf or tennis balls, fishing line, lures, or bait; clothing items such as hosiery, caps, or gloves; personal hygiene products such as shaving items, shampoo or feminine products; or pet food.
Consumers conveniently benefit by having access from the same vending machine, not only a beverage, but also a food or handy non-food option they might really need. The public enjoys vending machine convenience.
In the United States, technology has transformed vending into a $ 30 billion-a-year industry specializing in convenience and fresh products. According to industry facts, approximately, 100 million Americans will use one of 7 million vending machines each day. Consumers buy products from them in malls, hotels/motels, airports, commercial offices, other retailers, and even remote areas. Manufacturing settings use the most vending machines at 30.2 percent, while schools and colleges support 16.3 percent. Combined, these settings represent nearly half of all vending machines.
The vendable container can meet ever-changing consumer needs, as well as, industry standards. Without departing from the spirit and scope of the patent, many additions, deletions, and modifications can be made to its design.
The auction for the Vendable Container Patent (Registration #6006945) will run from noon August 12 to noon August 14. Bidders may register for the auction and view specific details about the patent at http://www.ipauctions.com.
IpAuctions™ is the leading online auction firm specializing in the worldwide sale of intellectual property assets. The 14 year old firm has a proprietary international database of over 10,000 IP attorneys, corporate buyers, and venture capitalists. For more information about this sale or other intellectual property sales, please contact IpAuctions by calling (908)-595-2106 or by visiting http://www.ipauctions.com.