Financial Daily from THE HINDU group of publications
Friday, Apr 11, 2003
Financial Daily from THE HINDU group of publications Friday, Apr 11, 2003 |
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Money & Banking
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New Products & Services Note-banding machine from Advanced Elec Our Bureau
HYDERABAD, April 10 ADVANCED Electronic Systems, a Hyderabad-based manufacturer of electronic control and automation equipment, has announced its entry into the area of currency equipment for banking sector by introducing what it claims are new-generation banding machines with embedded control system. In a release, the company said that the new banding equipment, branded Bandhan-623, puts a single and cross band on a packet of 100 currency notes. The important features of the machine are its low cost of consumables and operator-friendliness. With a banding speed of 20-30 cross bands per minute, the machine weighs about eight kg. According to the company's Chief Executive Officer, Mr B. Madhusudhan, the machine utilises the latest embedded micro-controller technology and over 30 years of experience in designing of critical control systems and technology that were used in Defence and nuclear applications.
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