Company Filing History:
Years Active: 2003
Title: The Innovative Mind of Donald P Raterman
Introduction
Donald P Raterman is a notable inventor based in Deerfield, IL (US). He has made significant contributions to the field of currency discrimination technology. His innovative approach has led to the development of a unique method and apparatus that enhances the accuracy of identifying different currency denominations.
Latest Patents
Raterman holds a patent for a "Method and apparatus for currency discrimination." This invention utilizes an optical sensing and correlation technique to differentiate between currency bills of various denominations. The method involves scanning a bill and analyzing its reflectance characteristics, which are processed digitally under microprocessor control. By comparing the scanned bill's data with pre-stored master patterns, the system can accurately identify the denomination of the bill.
Career Highlights
Donald P Raterman is associated with Cummins-Allison Corporation, where he has applied his expertise in developing advanced currency processing solutions. His work has contributed to enhancing the efficiency and reliability of currency handling systems in various applications.
Collaborations
Raterman has collaborated with notable colleagues, including Bradford T Graves and Lars R Stromme. These partnerships have fostered innovation and have been instrumental in the development of cutting-edge technologies in the field.
Conclusion
Donald P Raterman's contributions to currency discrimination technology exemplify his innovative spirit and dedication to improving financial systems. His patent reflects a significant advancement in the way currency is processed and identified, showcasing the impact of his work in the industry.