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Since our establishment in 1992, we have grown steadily to become a market leading provider of cash handling equipment. Over the past six years our growth has been exponential, with increases in all areas of the business; ITL staff numbers in the UK have grown by 71% and as a group, globally by a staggering 125%.   In the last four months alone, we have taken on 14 new UK starters in all areas of the business, including 5 recent graduates, 2 apprentices and one industrial placement student.   More recently we have expanded our office locations into Australia and…

Innovative Technology Ltd is pleased to announce the appointment of Stefano Mandelli, Business Development Manager heading up their new Italian office based in Milan.   The new office comes after many successful years working in partnership with Comestero and aims to support their existing relationship whilst accelerating growth within the Italian market.   Stefano has a wealth of experience having worked within the industry for over 15 years. Commenting on his decision to join ITL Stefano said, “At the age of 40 I decided that I needed a new challenge, and what seemed like the perfect opportunity arose at ITL;…

The new €10 banknote enters circulation today, Tuesday 23rd September 2014.   The new €10 is easily recognisable with a design similar to the existing €10 note. The design incorporates advances in banknote technology, making the note even more resistant to counterfeiting and it will also be more durable.   The new €10 euro is included in all applicable ITL Euro and Euro Mixed datasets and is available to download free from the Technical Support area of our website. To ease the update process for customers across Europe we have released a new DA3 SMART Update Tool, allowing customers to quickly update their…

Innovative Technology is proud to announce the release of the latest advancement to their ground-breaking SPF™ currency validation technology, SPF™3.   What is SPF™ Technology?   Innovative Technology has been using SPF™ technology to validate banknotes since its introduction in 2004. Sensor responses from the validator are digitised to produce a stream of numerical data, SPF™ uses advanced mathematical algorithms to analyse this stream of numbers when deciding whether to accept genuine or reject counterfeit notes. In order to maintain the industry-leading speed and accuracy of their validation products, it is vital the mathematical techniques used by ITL remain at…

Stefano Mandelli is Business Development Manager in Italy heading up our new office in Milan, to support our existing company base in Europe.   Ciao. I’m Stefano, 40 years of age; I live near Milan with my wife and two children.   After studying for a diploma at the Technical Institute in Milan, I joined one of ITL’s trading partners in Italy, where I remained for 15 years during which time I completed a number of courses in sales and leadership. My time there allowed me to grow professionally and within a few years I became a Sales Manager in…