Innovative Technology Ltd. (ITL) the multi-award winning manufacturer of cash handing equipment are celebrating am impressive milestone, 25 years in business. Founded in 1992 by David Bellis MBE, ITL was created to bring affordable banknote validators to the AWP market and has flourished from its Oldham roots to become one of the world leading suppliers of cash handling equipment.

David Bellis MBE, ITL Chairman and Founder commented, “I started the company in 1992 working out of my conservatory. I couldn’t have imagined then that we would have over 340 staff worldwide in 10 different office locations. The company has gone from strength to strength. We’ve invested heavily in R&D at every step to ensure continued growth and our position at the forefront of the industry with innovative products and cutting edge technology.”

Innovative Technology has received 4 Queen’s Awards during their history, most recent the Queen’s Awards for Enterprise: Innovation 2017 having previously won in 1997, 1999 & 2014. ITL was named the 13th fastest private growing company in Britain in 2014 and were identified as one of the 1000 companies to inspire Britain in 2016 by the London Stock Exchange.

The cash handling equipment manufacturer prides itself on providing exceptional value, intelligent validation products that customers both need and want, a philosophy which began with the original NV1 and remains today. Significant investment in research & development has seen Innovative Technology grow to a worldwide company with 10 office locations and a global network of Trading Partners.

Group Managing Director, Peter Dunlop has been with the company for over 20 years, having joined fresh from university “When I joined, ITL it was a small office in Royton. I’ve seen a lot of changes and huge growth, especially in the Development team where I began. Innovation is at the heart of the company’s operations, something which has been ITL’s Ethos since day one. We pride ourselves on creating innovative products and now offer note, coin and ticketing validation equipment with ambitious plans for the future.”

To mark the 25th year in business ITL organised a weekend of outdoor activities for all staff. MD, Peter said, “The company has always had a real family feel, something that we have managed to retain despite our growth. It’s great to be able to bring everyone from our international offices together to celebrate with some fun activities outside of work.”

Innovative Technology Americas, Inc.’s SMART range boasts intelligent, bill acceptors, recyclers, coin hoppers and ticket printers.

The SMART Way combines the SMART Payout (an unrivalled mixed denomination bill recycler) and SMART Coin System (bulk coin feeder, hopper & recycler) to provide the ideal cash handling system for self-service and kiosk applications. Designed to eliminate coin starvation and improve pay-out speed the units can store all denominations from a given currency, eliminating coin/bill starvation and dramatically reducing the float level required to keep machines operational. The SMART Way removesthe need for multiple hoppers, reducing the overall space required for cash handling peripherals. As with all Innovative Technology units the products are quick and easy to integrate and the revolutionary SMART Technology helps to recoup large float level cost savings.

The units lowest cost of ownership, reliability and fast payout speed for customers in a kiosk environment make Innovative’s SMART products ideal for the market. When combined, the SMART Coin System and SMART Payout create more efficient management for self-service retail applications and provide more convenient change for customers in any mixture of coins and bills.

Distinctive Features:

•         Eliminates coin starvation

•         Maximizes cash efficiency

•         Unrivalled mixed denomination recycling

•         Compact, cost effective solution

VP of Sales for Innovative Technology Americas, Inc.Rebecca White, commented, “This is an exciting time for us. We have a fantastic portfolio of innovative, cost effective cash handling products which are becoming increasingly popular in the US kiosk market. Alongside our SMART product we have our flagship NV200 a secure, bill acceptor with add on modules to allow bill recycling, ticket printing and tamper evident cash bag functionalities to further maximize cash efficiency. Our products offer real value added benefits for both customer and manufacturers that can be tailored to individual’s applications. It’s innovative, modular units like this, that have established Innovative Technology as one of the leading providers of cash handling equipment across Europe and I’m looking forward to bringing this technology to customers across the Americas as we strive to become the number one supplier of cash handling equipment in the US kiosk market. We have tripled the size of our US team this year with extras sales and service staff to ensure we can provide the best level of support for our customers across the region.”

About Innovative Technology Americas, Inc.

Innovative Technology Americas, Inc is the US arm of innovation-led global cash handling equipment provide Innovative Technology Ltd (ITL). Now in their 25^th year ITL manufacture state of the art cash handling products for the gaming, amusement, vending, retail and kiosk markets and is a market leading provider, supporting over 100 currencies worldwide.

Innovative Technology Ltd. (ITL) is pleased to announce the appointment of Customer Support Engineer, Juan Rodriguez who joins their growing Barcelona office. Juan will work closely with ITL customers across Spain and the surrounding area providing technical expertise from day to day troubleshooting enquires through to product installation.

Juan brings over 3 years’ experience as a project engineer / quality technician in the industrial sector and joins ITL’s growing worldwide customer support team.

Juan commented on his new position, “Since starting at ITL, I have had an exciting couple of months learning about the cash handling industry and the background of the company. I am pleased to have joined a company that is the market leading provider of note validators in Spain and am very much looking forward to supporting our customers with their cash handling requirements. The Spanish office is growing significantly and I am excited to join the Barcelona team. Later this month I’ll meet colleagues from all of our international offices at ITL 25^th anniversary celebrations in the UK!”

VP of Customer Support, Andy Bassam said, “I am delighted to welcome Juan to our team. His appointment shows our dedication to the Spanish market and I know he will ensure that customers receive the highest level of technical support.” 

Innovative Technology Ltd. (ITL) concluded a busy Winter/Spring exhibition season recently with Eu’Vend, in Cologne, Germany where they had their latest vending cash handling products on display.

Business Development Manager, Christian Czeskleba commented, “The show was an immense success for us and we were pleased with the amount of interest we received in our vending cash handling products. We had our core product range on display and even setup our own simulated vending terminal to allow visitors to see our compact note validator & coupon printer the NV12+ and bulk coin feeder, validator & recycler the SMART Coin System in action; printing receipts and providing convenience change in mixed coins. We have created a mounting bracket specifically for our vending customers to all allow them to take advantage of our modular products the NV12+ and NV11+ to incorporate note recycling or receipt printing into their vending machines. We received a lot of interest at the show as visitors could see how the bracket mounts directly to the machine door and uses the standard vending cut-out for easy installation. Our NV9 USB+ note validator is the basis for these modular products and as a standalone validator it has always been popular with the vending industry for its enhanced sensing technology and a high acceptance rate for multi-currency. The NV9’s popularity remains and was also a key product of interest for us.”

Alongside their vending product range ITL received a lot of interest in their SMART Data service. A unique, free service, SMART Data allows customers anywhere in the world to create currency datasets themselves, tailored to their local area. SMART Data provides customers with the tools to customise currency dataset files to further improve note acceptance enhancing the performance of their banknote validators in any locations, even if ITL do not currently have a currency dataset available. More information is available online at http://www.innovative-technology.com/smart-data.

Leading cash handling equipment provider Innovative Technology Ltd. (ITL) is pleased to announce their newest Trading Partner, Sensis based in Moscow, Russia.

Sensis was founded in Moscow in 2006 and is one of the leading suppliers for ATM’s, vending machines, payment terminals and other self-service and kiosk components as well as providing integration and technical maintenance services. The Trading Partner agreement will strengthen ITL’s position in Russia and the CIS region providing further local support to customers in the area.

Lina Trofimow, Business Development Manager for ITL commented, “The announcement of Sensis as our next Trading Partner signifies the relationship between our two companies. Sensis are experts in the world of self-service accessories and will help to support our retail and banking customers in Russia and the Ukraine. This partnership is an ideal opportunity for both companies to expand their operations and further improve our support networks.”

Alexander Belov, Sensis commented on the partnership saying, ‘We have worked with Innovative Technology since 2010 and have a good relationship, we are excited to become an official trading partner.  We understand customers’ requirements and know that ITL’s cash handling equipment range offers affordable, reliable validation equipment. We look forward to working together for years to come! ”

Lina Trofimow pictured with Maxim Poludov (Sales Manager, Sensis) at the Vend Expo 2017 trade exhibition.