96.5 F
San Fernando
Friday, Mar 29, 2024

Provision Acquires Kiosk Patent

A subsidiary of Provision Holding Inc. has received a patent to protect its application of 3D holographic technology for self-service retail kiosks. The Chatsworth company makes kiosks installed in malls and stores that use holographs to make products appear to float in the air. The kiosks dispense coupons to promote sales of the products. The company originally filed for a patent for its “Interactive Kiosk with 3D Mechanism” in 2016. The system is now called “Holovision.” “We are extremely excited about the approval of this new patent as it further protects the company’s key business platform within the retail market,” said Chief Executive Curt Thornton in a statement. Shares of Provision (PVHO) closed up 1 cent, or 15 percent, to 8 cents on the over-the-counter market.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

Featured Articles

Related Articles