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Wireless asset monitoring and security system

  • US 7,339,477 B2
  • Filed: 11/24/2004
  • Issued: 03/04/2008
  • Est. Priority Date: 11/24/2003
  • Status: Expired due to Fees
First Claim
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1. An asset monitoring and security system, comprising:

  • an asset assigned a unique identifier and operable to transmit an identification signal embodying the identifier over a wireless communications link, wherein the asset includes a lock-out mechanism that impedes use of the asset when the lock-out mechanism is activated;

    a data store for maintaining privileges associated with the asset for authorized users of the asset; and

    a control unit adapted to receive the identification signal from the asset and monitor a position of the asset within a defined area based on the identification signal, wherein the control unit communicates with the data store and is further operable to activate the lock-out mechanism when privileges associated with the asset for authorized users of the asset are exceeded.

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