CPI Announces Launch of COTI Coffee Vending Machine to North America

MALVERN, PENNSYLVANIA – October, 2020 ­– Crane Payment Innovations (CPI), a Crane Co. Company, announces the release of the COTI freestanding coffee vending machine to the North American market. COTI stands as the first product released since the merging of CPI and Crane Merchandising Systems in June 2020, and represents the continued mission to provide the convenience services industry with innovative, reliable solutions.

COTI launched to the European market in 2015, enjoying success amongst operators and receiving recognition as the “Machine of the Year” at the 2017 European Vending Association (EVA) conference.

Building on the legacy of Crane coffee machines, COTI delivers North American operators with smarter engineering for increased reliability and an enhanced user interface and drink menu that command a higher price point and increased ROI.

COTI provides increased efficiency and customer satisfaction:

“CPI and Crane Merchandising Systems have been delivering best in class vending products for over 50 years,” says Chuck Reed, VP of Vending for CPI. “We are confident that COTI will deliver the excellent value operators expect from CPI products, while enabling higher ROI through a more sophisticated interface and enhanced user experience.”

Field trial participant Jeff Suitor of Brokerhouse Distributors reported a positive experience during the pilot, highlighting the quality of the vended product saying, “Having COTI is like bringing a barista to your locations. People don’t expect such a high level of quality when it comes to a vended hot beverage, but COTI has consistently proven it delivers high quality drinks every time, and sets the tone for attracting a new generation of self-serve coffee consumers.”

For more information on COTI, please visit www.cranepi.com/COTI

Crane Payment Innovations (CPI) is part of Crane Co., a diversified manufacturer of highly engineered industrial products (NYSE:CR). CPI provides a full range of cash and electronic payment solutions for self-service retail, convenience services, gaming and transportation markets worldwide. CPI works in partnership with valued customers to provide complete payment solutions – from coin to note processing to cashless systems and asset management software. CPI is headquartered in Malvern, PA with additional offices, manufacturing facilities, distribution and service centers worldwide. The company holds one of the world’s largest installed bases of unattended payment systems.