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USTT news - Six New Patents Strengthen USA Technologies' Leadership in Wireless Networking and Interactive Payment Solutions
7/15/2004 12:01:00 PM

MALVERN, Pa., Jul 15, 2004 /PRNewswire-FirstCall via COMTEX/ -- USA Technologies, Inc., (USTT) announced today it had been issued six important e-Port(R) patents covering everything from wireless networking, interactive point of sale solutions, to automotive telematics.

The latest patents, among some of the most significant in the Company's growing arsenal, brings the total number issued to USA Technologies by the US Patent and Trade Mark Office to 51, with 3 additional patents in notice of allowance, and another 34 pending.

"This makes USA Technologies a leader in its industry for leading edge patents in some of the most exciting emerging opportunities in today's global marketplace," said H. Brock Kolls, Senior Vice President of Research and Development, USA Technologies. "Not only do they strengthen our competitiveness in the emerging networked world, but they give USA Technologies' customers the security of knowing their investments in our unique solutions are backed by valuable Intellectual Property."

Patent 6,629,080 was issued for the "Transaction Processing Method of Fulfilling an Electronic Commerce Transaction by an Electronic Commerce Terminal System". This patent covers the process or method for authorizing and processing a credit card and other non cash transactions over an e-Port or similar device.

Patent 6,643,623 is entitled "Method of Transacting an Electronic Mail, an Electronic Commerce, and an Electronic Business Transaction by an Electronic Commerce Terminal Using a Gas Pump". This patent protects transactions when an e-Port or similar device is installed in a gas pump and consumers want to check their e-mail, make an add on purchase while pumping gas, or simply want to check news and weather reports.

Patent 6,622,124 was issued for "Method of Transacting an Electronic Mail, an Electronic Commerce, and an Electronic Business Transaction by an Electronic Commerce Terminal Operated on a Transportation Vehicle". This patent covers the use of an e-Port or similar device when fitted in an automobile, bus or truck.

Patent 6,754,641 is entitled "Dynamic Identification Interchange Method for Exchanging One Form of Identification for Another". This patents relates to a system having access to the Internet for the purposes of transacting e-mail, e-commerce, and e-business and for communicating voice and data.

Patent 6,763,336 was issued for "Method of Transacting an e-Mail, an e-Commerce, and an e-Business Transaction by an Electronic Commerce Terminal Using a Wirelessly Networked Plurality of Portable Digital Devices". This patent relates to implementation of a wireless network system and method for allowing digital devices to connect to a wireless network for the purpose of data communicating, e-mail, e-commerce, and e-business by way of an e-Port or other electronic commerce terminal.

The sixth patent, number 6,684,197, was issued for "Method of Revaluing a Private Label Card Using an Electronic Commerce Terminal". This patent applies to consumers purchasing a digital gift card, the value of which is stored in the USALive(TM) or similar network. The value of the digital gift card can easily be adjusted. This patent compliments another that was issued to the Company in 1997 related to transferring value from a credit card or bank account to a smart card.

USA Technologies has an aggressive patent strategy in place intended to solidify a leadership position in markets such as Intelligent Vending(R), point of sale terminals, kiosks, Laundromats, and various other forms of wireless-activated cashless transactions conducted over the Internet.

"The winners in today's global marketplace are those companies that are first to market their revolutionary new technology, and who safeguard that technology through patent protection," said Mr. Kolls.

The Company reported that it is engaged in numerous Intellectual Property licensing negotiations with organizations that are interested in leveraging USA Technologies' patents, as well as some of its know-how, products and services, in a wide array of industries.

About USA Technologies:

USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner and an inaugural member of the Sprint Enabling Application Service Provider Program for e-commerce. The Company has marketing agreements with the Sprint, Motient, MEI, Kinko's and the ZiLOG Corporation. http://www.usatech.com

Statement under the Private Securities Litigation Reform Act:

With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to the ability of the Company to increase revenues in the future, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to commercialize its products (including the e-Port on a chip), which could cause actual results or revenues to differ materially from those contemplated by these statements.

USA Technologies Contact: Investor Relations Contact:
George R. Jensen, Jr., Chairman & CEO Ken Sgro
Stephen P. Herbert, President & COO CEOcast, Inc.
Phone: [phone] Phone: [phone]
e-mail: [e-mail]


SOURCE USA Technologies, Inc.

George R. Jensen, Jr., Chairman & CEO, or Stephen P. Herbert,
President & COO, [e-mail], both of USA Technologies,
1-800-633-0340; or Investor Relations - Ken Sgro of CEOcast, Inc.,
[phone], for USA Technologies


http://www.usatech.com