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FireKing Awarded Patent for Centralized Electronic Safe and Accounting System

Released: 1-22-07

FireKing, one of the premier security products companies in the nation, recently announced that on June 20, 2006, the company was awarded a patent (U.S. Patent # 7,063,252) for its “Centralized Electronic Safe and Accounting Control System.” The patent relates to the system and method for cost-effective and secure cash handling for merchants. The system allows retailers to place electronic safes at cash registers throughout the store with the safes networked together as one system, vastly simplifying the accounting process and adding efficiency to the cash handling process.

The now patented Centralized Electronic Safe and Accounting Control System provides users unprecedented efficiency, convenience, automation, and control for merchants to collect, process and verify cash, and can be used in a stand-alone operation, or as a central control-and-reporting unit for a digitally linked network of interconnected safes and currency counting and validating machines. In addition, the setup enables the automation of the cash reconciliation process with the POS system and allows for remote administration and updating of the system from a centralized, remote location.

The basic Centralized Electronic Safe and Accounting Control System consists of an electronic lock and money control system that is capable of operating in a single unit stand-alone function, as well as expandability to a network of multiple units having one of the units operate as a centralized network controller. The network includes at least one safe provided with a control system arranged to communicate with a data input device, electronic display, connector interface and electronic lock mechanism located on the safe. This is important for merchants who collect process and recycle large amounts of cash on a regular basis - this innovation enables them to cost effectively integrate additional system units as well as provide more efficient and secure system management and accounting operations.

According to Scott Meeker, FireKing Security Group Senior V.P., “The award of this patent for the Centralized Electronic Safe and Accounting Control System will both confirm FireKing’s innovative approach to cash handling, and bolster our position as an industry leader.”

About FireKing Security Group
FireKing Security Group manufactures a broad array of security products with best-in-class service and support for businesses around the world. The products and services we offer focus solely on protecting customers’ assets, people, and vital information. FireKing Security Group’s brands include FireKing fireproof files and safes; Adesco, EXL, McGunn, Meilink, and Gary home, office, and commercial safes; NKL and PerfectCash cash-handling and cash-validating products; and Image Vault digital video security solutions. The New Albany, Indiana-based company is privately held. Additional information about FireKing is available at www.fireking.com.