HOLLYWOOD, CA -- Medbox Inc. has acquired Prescription Vending Machines Inc. and will operate the company as a wholly owned subsidiary.
Both companies market automated prescription medicine dispensing machines that use biometric fingerprint recognition technology. The machines are used in doctors' offices, hospitals, urgent care centers and alternative medicine clinics.
MedBox, headquartered in Hollywood, CA, recently partnered with AVT Inc. to develop a new line of secure vending machines for high-end merchandise that feature its biometric technology. | SEE STORY
AVT worked with MedBox to integrate its identity-verification system into automated prescription medicine dispensing machines. Before a person can use the machine, he or she must preregister in a private database and provide a fingerprint sample. The MedBox system can accommodate a wide variety of medicines and dosages.
AVT is now using the licensed technology to create secure automated retailing solutions for companies that want to sell high-ticket items in a self-service automated environment and need extra verification to prevent credit card fraud. Current projects include development of secure systems for major retailers of jewelry and watches.
"Soon, customers will be able to purchase a $65,000 diamond necklace or Rolex watch at a beautiful automated system, watch as the robotic arm gently places the package in the receiving tray, and have their new gift in hand in under two minutes," said AVT founder Shannon Illingworth. "And with our biometrics fingerprint recognition system, it is all done in a secure and trusted environment."