Seven & i has been granted a patent for a system that detects fuel dispensing operations and instructs the terminal to stop dispensing fuel if the volume per unit time parameter falls below a configurable threshold. The system aims to prevent fuel wastage during dispensing operations. GlobalData’s report on Seven & i gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Seven & i, was a key innovation area identified from patents. Seven & i's grant share as of May 2024 was 45%. Grant share is based on the ratio of number of grants to total number of patents.
Fuel dispensing system with automatic stop based on volume dispensed
A newly granted patent (Publication Number: US12006203B2) describes a system designed to monitor fuel dispensing operations at terminals. The system includes a memory for storing configurable parameters related to fuel volume and wait periods, along with a processor that detects fuel dispensing operations and compares the dispensed volume with set thresholds. If the measured volume falls below the threshold, the system sends an electronic signal to stop fuel dispensing, indicating a potential anomaly. The processor can also retrieve video feeds, user information, and communicate alert messages in response to discrepancies, enhancing monitoring capabilities.
Furthermore, the system can detect consecutive fuel dispensing operations within a specific timeframe, comparing the volumes dispensed and issuing alerts for anomalies. By analyzing average volume parameters from previous operations, the system can identify discrepancies and potential irregularities in fuel dispensing. The method involves determining identifier values, measuring volume per unit time, and communicating with the fuel dispensing terminal to halt operations if necessary. The system's ability to store user information, video feeds, and generate alerts ensures comprehensive monitoring of fuel dispensing activities, enhancing operational efficiency and security measures in fuel terminals.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
