NOMINEES

ecoATM
Community category

About

An automated self-serve kiosk system that evaluates and buys back new, used and broken electronics

Detailed Description:
The ecoATM is an automated, consumer self-serve kiosk that quickly evaluates and buys back used consumer electronics directly from consumers for cash. The process takes just a few minutes to complete.

Known drawbacks of design:
-

Website:
http://www.ecoatm.com/how-it-works.html

Designed in:
2011

Status of realization:
In production

Challenge(s):
Environment, Money

Region of use:
Europe, North America

Form/Impact/Context

Form
The eco ATM simplifies and rewards the recycling of electrical devices. It works as follows: STEP 1: Place your mobile device in the ecoATM test station. STEP 2: The ecoATM will examine your device and then search for the highest price we can find in the worldwide market. STEP 3: If you agree to sell it, you will receive cash on the spot. You can get your device back at anytime during the process up until you explicitly confirm the final sale and price. Your device will not be harmed in the process nor will any personal data on the device be accessed.

Impact
ecoATM is able to find a second life for approximately 75% of the devices we collect. The next best thing we can do is to responsibly reclaim materials from devices that are truly end-of-life. For the 25% of devices that ecoATM collects which we cannot find a second life, we partner with the best eWaste reclamation facilities in the world to ensure those materials, particularly the precious metals, are reclaimed and reused in place of mining new materials and precious metals from the Earth.

Context
Almost all consumer electronics (mobile phones, computers, monitors, printers, etc.) contain toxic materials such as lead, mercury, arsenic and a broad variety of other materials that pose a threat to the environment and our health. The first and best thing we can do is to extend the life of existing devices as long as possible so that there is no need to build new devices to take their place.

Other relevant information
Based in San Diego, Calif., ecoATM (www.ecoatm.com) is the first and only company to create an automated self-serve kiosk system that uses patented, advanced machine vision, electronic diagnostics, and artificial intelligence to evaluate and buy-back used electronics directly from consumers for cash or store credit.

Business

Is the design protected by patent or ip registration?
not known

How has the development of the design been financed hereunto?
External investments

Is there a plan for future investments?
Not known

Is there in-house competencies to secure market roll out of the design, with regards to investment, distribution, sales, etc.?
Not known

Credits

Designed by:
ecoATM Corporate

Title/Role:
Team

Professional status of designer:
-

Nationality:
United States of America

City/Country of residence:
USA