US Patent Issued on June 17 for "Method for payment-based execution of a function of a field device to be performed, corresponding field device and service unit" (German Inventors)

ALEXANDRIA, Va., June 19 -- United States Patent no. 12,333,505, issued on June 17.

"Method for payment-based execution of a function of a field device to be performed, corresponding field device and service unit" was invented by Werner Goertz (Dorsten, Germany) and Daniel Arndt (Schwalmtal, Germany).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for execution of a function of a field device includes: selecting a function to be performed from a selection list of functions available to a process control system, and communicating the selected function to a service unit; paying a payment amount specified for the function and confirming the payment to the service unit; determining a derived time value of...