US Patent Issued to 7-ELEVEN on March 18 for "System and method for determining product theft information using magnetic sensors" (Texas Inventors)

ALEXANDRIA, Va., March 19 -- United States Patent no. 12,254,456, issued on March 18, was assigned to 7-ELEVEN INC. (Irving, Texas).

"System and method for determining product theft information using magnetic sensors" was invented by Matthew O'Daniel Redmond (Denton, Texas) and Shahmeer Ali Mirza (Celina, Texas).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system includes a rack storing items, an interaction device that processes the items, and a master controller that is configured to receive a communication signal from the rack indicating that items have been removed from the rack and determine based on monitoring communication signals from the interaction device whether the removed items were processed...