Recycle Your Old Cell Phone for Cash at New “ecoATM”
22 Sep, 2012
When new cell phones or tablets enter the marketplace, yesterday’s hot technology can quickly become obsolete—for some consumers. For others, the device still has value as an affordable alternative, or even as spare parts.
With support from the National Science Foundation (NSF), ecoATM of San Diego, Calif., has developed a unique, automated system that lets consumers trade in those devices for reimbursement or recycling.
Using sophisticated artificial intelligence (AI) developed through two NSF Small Business Innovation Research (SBIR) grants, ecoATM kiosks can differentiate varied consumer electronics products and determine a market value. If the value is acceptable, users have the option of receiving cash or store credit for their trade—or donating all or part of the compensation to one of several charities.