New firm in E.V. finds there’s money in money - East Valley Tribune: Business

New firm in E.V. finds there’s money in money

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Posted: Saturday, July 10, 2004 7:29 am | Updated: 4:37 pm, Thu Oct 6, 2011.

By the end of the year, officials at Pyramid Technologies, a designer and manufacturer of currency validators, hope to have all operations moved to east Mesa from a Cleveland suburb.

Company leaders have just occupied a 12,000 square foot building off McKellips Road near Falcon Field Municipal Airport.

"Our facility in Ohio was just 4,000 square feet, so you can see that we’re growing substantially. And we’ve got plenty of room for expansion," said Ken Wiesner, sales manager, adding that it was owner David Mays’ affinity for Arizona that prompted the move.

The global company designs, manufactures and sells currency validators, which are devices that accept paper money for goods or services. The company’s products can be found in amusement games such as guided cranes that dispense a stuffed animal and change machines, Wiesner said.

"If you go to an amusement machine or a soda machine and it takes your dollar, that’s us," Wiesner said.

The company moved into the building in May and, so far, has a small staff of workers assembling the product, which is made up of gears, sensors and a chip board.

"We actually just started manufacturing about two weeks ago. This product and all its parts are 100 percent U.S.-made," Wiesner said.

The firm has clients worldwide and has products designed to accept a variety of currency sizes which are measured in millimeters. Company products can handle U.S. currency that is 66 millimeters wide, Canadian currency that measures 69 millimeters and the Euro which increases in size along with its value, Wiesner said.

"We’re in Hungary, Brazil, Russia. We can do anything up to 72 millimeters in currency width," Wiesner said.

The company also touts its remote programming features, that allow its validators to be reset or reprogrammed using a PDA (personal digital assistant) or a laptop computer. That saves time and money because a technician does not have to remove the device from the larger machine to update its software, Wiesner explained.

Founded four years ago, company leaders expect to add about about 20 workers in the new location, Wiesner said.

"We’re going to grow between 700 to 800 percent this year from last year," Wiesner said.

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