Company Filing History:
Years Active: 2000-2010
Title: Innovations by Donald R Raterman
Introduction
Donald R Raterman is a notable inventor based in Deerfield, IL (US). He has made significant contributions to the field of currency evaluation and discrimination. With a total of six patents to his name, Raterman has developed innovative methods and apparatuses that enhance the efficiency of currency handling.
Latest Patents
One of Raterman's latest patents is a method and apparatus for currency discrimination and counting. This U.S. currency evaluation device is designed to receive a stack of U.S. currency bills and rapidly evaluate all the bills in the stack. The device features an input receptacle for receiving the stack and at least one output receptacle for bills after evaluation. A transport mechanism moves the bills one at a time from the input to the output receptacle. Additionally, it includes a denomination discriminating unit that can identify bills of various U.S. denominations.
Another significant patent by Raterman is an improved method and apparatus for discriminating between currency bills of different denominations. This invention utilizes an optical sensing and correlation technique based on the reflectance characteristics of the bills. By illuminating and scanning a bill, the device captures reflectance signals that are processed digitally. The data is compared with stored master characteristic patterns for each currency denomination, allowing for accurate identification based on correlation numbers.
Career Highlights
Raterman is associated with Cummins-Allison Corporation, where he applies his expertise in currency evaluation technologies. His work has contributed to advancements in the efficiency and accuracy of currency handling systems.
Collaborations
Raterman has collaborated with notable coworkers such as Bradford T Graves and Lars R Stromme. Their combined efforts have furthered the development of innovative solutions in the field of currency evaluation.
Conclusion
Donald R Raterman is a distinguished inventor whose work in currency evaluation has led to significant advancements in the industry. His innovative patents reflect his commitment to improving currency handling technologies.