July 24, 2015
Japan's First Coin Counter chosen as "Mechanical Engineering Heritage"
GLORY's Coin Counter, which was developed for the first time in Japan, was recently chosen as a 2015 Mechanical Engineering Heritage by the Japan Society of Mechanical Engineers. The machine was chosen in recognition of its historical value of having contributed to giving credibility to subsequently produced cash handling machines, which proved capable of achieving considerable time and labor savings in handling cash.
The awarding ceremony by the Japan Society of Mechanical Engineers is schedule to be held during the memorial event of the association as follows:
Time & Date: From 1:30 pm on August 7, 2015
Place : Toyota Commemorative Museum of Industry and Technology
(4-1-35, Noritake Shinmachi, Nishi-ku, Nagoya, Aichi, Japan)
< About Japan's First Coin Counter >
In the years around 1949, the currencies mostly circulating in the market were banknotes. Coins in small value, however, were gradually circulating in the market to replace the banknotes of small value, and the Japan Mint began using coin counter imported from overseas to count such coins. Since the imported coin counter was large in size and expensive, the Mint considered using the machine manufactured in Japan and asked Kokuei Machinery Manufacturing (now GLORY LTD.) to develop a low cost but high quality machine. Eventually, Japan's first coin counter was released and installed in the Japan Mint in February 1950. The development of this machine triggered GLORY to move towards becoming a manufacturer of cash handling machines. The method of using centrifugal force to retract each individual coin is a superior technology, which is still adopted to our current coin counter.
< mechanical engineering heritage >
The Japan Society of Mechanical Engineers have declared August 7th "Machine Day" for the purpose of preserving such machines that are considered historically valuable and significant for passing to the next generations as cultural legacies.
About GLORY LTD.
GLORY LTD., headquartered in Himeji, Japan, is a pioneer in the development and manufacture of money handling machines and systems. GLORY provides a variety of products such as money handling machines, cash management systems, vending machines, automatic service equipment, and cash management solutions that are built on its leading-edge recognition/identification and mechatronics technology. Committed to meet society's wide-ranging needs, GLORY serves the financial, retail, vending machine, amusement and gaming industries in over 100 countries around the world. GLORY employs approximately 9,000 people worldwide. For more information about GLORY, please visit GLORY's group website at http://corporate.glory-global.com/.
- GLORY LTD.
- Public Relations Dept.
Information in this document is current on the date of the announcement and subject to change without prior notice.