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Azkoyen Group
Azkoyen, S.A.
  Press releases







 
 
18 May 2002
Azkoyen's electronic coin selector, among the most notable technological advances

The electronic coin selector of the Azkoyen Group, patented in 1984, is one of the technological advances registered in Spain in the 20th Century that appears in the book titled "Current Images of Spanish Science and Technology". It was published by the FECYT (Spanish Foundation for Science and Technology) during the Spanish Presidency of the European Union in 2002.

It gives an up-to-date vision of science and technology, advances made in Spain, covering the fields of physics, chemistry, biology, medicine, the economy or agriculture, without neglecting more industrial fields such as the automotive and aeronautical sectors or ceramics.
The book (of 255 pages, with examples of innovative work by 50 companies, universities, hospitals and technology centres) is "an eloquent list of cases that show how, in the right context and with the right legislative and support frameworks, Spanish companies are capable of using their research potential to achieve success in the field of innovation" according to the Minister of Science and Technology, Anna Birulés, in the introduction.

The electronic coin selector (L60) developed by Azkoyen was selected as an example of how technology can work against fraud, under the heading: "putting ideas to work".

In the 1980s the challenge was a very great one and it marked a technological revolution in the sector, enabling the incorporation of "much more accurate and reliable coin selectors that mean that a drink or a chocolate bar, a phone call, buying a bus ticket or making a photocopy is available to everyone, anywhere and at any time". Millions of machines worldwide have coin selection devices. In Spain alone there are 650,000 vending machines, of which 380,000 sell products and 270,000 provide services.
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