On Wednesday 18th January 2017, Emily Cross, our newest Graduate Marketing Assistant, travelled to London to attend her first trade exhibition as an ITL employee. Read about her first show experience here.

As Marketing Assistant I will be heavily involved in exhibition organisation. Having only just joined ITL in November, I’ve hit the ground running with exhibition season well underway. Earlier this month I was able to travel to the EAG Expo in London to see our stand and get a better idea of how the marketing team’s plans ultimately come together.

The trip to ExCel London meant an early start travelled from Manchester Piccadilly to London Euston on the train. Being unfamiliar to London the underground was a worry but I was soon across London, arriving at the EAG Expo.

I was surprised by how large the ExCel exhibition centre is. Having never visited any major exhibitions I wasn’t sure what to expect. The venue seemed really busy with stands in every corner of the hall. The ITL stand was in the second row and looked great. It was nice to see the finished stand having been involved with the plans and drawings for weeks. ITL staff were talking to customers, demonstrating our products and explaining their various functions. I gained firsthand knowledge of how to approach different customers and also learnt more product knowledge at the same time.

The EAG expo has quite a friendly, relaxed atmosphere. I had time to look around the exhibition, spotted lots of our validators within machines and even got to test out some of the games. It was good to meet some of the Trade Press contacts who I have been emailing over the past few months, and be able to put a face to the name.

It seemed like no sooner had I arrived I was heading back across London for my train back North. The event gave me an insight into the industry and I look forward to attending exhibitions in the future as I get more involved in ITL’s annual event schedule.

ITL will be exhibiting at ICE Totally Gaming 2017, the UK’s largest and most comprehensive trade event in gaming. ITL will have their full cash handing product range on display at stand N1-430 at the event which takes place at the ExCel Center, London 7^th – 9^th February.  

2017 is set to be a special year for Innovative Technology Ltd (ITL)who will be celebrating their 25^th year in business. Kick starting 2017 with a bang, ICE is set to be very exciting for ITL who will use the show as a platform to outline their latest groundbreaking innovation, the NV200 Spectral - the most technically advanced note validator in its class. The company has enthused this launch in the international trade magazines, yet ICE 2017 will be the first time the industry can see the unit in action. The new unit features spectral sensing technology that drastically increases the number of scanned datapoints to over 4.8 million – a figure which is unmatched by industry competitors, capturing 100% of banknotes.

Marcus Tiedt, Sales Director commented, “We are excited to officially launch the NV200 Spectral at ICE 2017 in London. In recent years, the company has experienced huge growth and we have cemented our position as one of the leading manufacturers of cash handling equipment. The NV200 Spectral is a special product and will once again demonstrate that innovation and technology are at the center of everything we do. We are very excited to present such a revolutionary product and we expect visitors to be suitably amazed by its next level sensing technology, it is a real game changer. We will harness the power of this spectral sensing and implement this technology into more of our core products to benefit our global customers in other industry sectors in the future. We will have our full state of the art product range at ICE with innovative coin, note and ticketing products to suit all applications at stand N1-430.”

Andy Bullock Business Development Manager said, “ICE is one of the highlights in our annual exhibition calendar and brings all of the industry key players together in one location. We will have our complete range of note handling, coin handling and ticketing solutions on display and we will highlight once again the SMART Hopper, SMART Payout and SMART Ticket at our stand N1-430. ICE is always a great event for us and provides the perfect platform to catch up with both new and existing customers.”

The stand will be manned by staff from the UK, Spanish, German, Italian and Czech Republic offices and will welcome two new members of staff - Enrique Jütten VP of Sales & Business Development and José Garcia Escudero, Technical Sales Engineer who have recently joined the company.

Innovative Technology Ltd (ITL) were joined by industry professionals at the Retails Big Show 2017, the USA’s largest retail exhibition. ITL had their innovative range of retail cash handling products on display at the event and demonstrated their latest product, ‘SB - TEBS Collect’, a secure tamper evident cash bag system with live data and reporting software.

VP of Sales for Innovative Technology Americas Inc.Rebecca White, commented,“We have a fantastic portfolio of innovative, retail cash handling products now so we wanted to be at NRF this year. Our dedicated booth was the perfect way to kick start the year and introduce our exciting portfolio to the US retail market. On display for the first time anywhere we had SB-TEBS Collect, an extension of our secure tamper evident cash bag system with live data, reporting software and a lockable, removable cashbox holding up to 1000 new bills. Visitors were impressed with the unit’s capability to eliminate shrinkage, reduce CIT collection costs and provide live data and reporting through our software. Other highlights on the stand included our flagship bill acceptor the NV200, SMART Payout and SMART Coin System which we had operating within POS machines and Secure Safes. It was also great to see so many people in New York and the show was a huge success for us.”

ITL received a great deal of interest in their coin, note and ticketing retail solutions as customers look to maximize their cash efficiency. The company now head to London for ICE Totally Gaming, 7^th – 9^th February.

Leading cash handling equipment provider Innovative Technology Ltd. (ITL) kick started 2017 with a successful show week at EAG Expo, one of the UK’s largest amusement and leisure shows. The show took place between the 17th – 19th January at Excel London attracted visitors from across Europe.

The ITL stand displayed the company’s full product range of innovative note handling, coin handling and TITO solutions. Highlights from the exhibition included the popular NV9 USB+ note validator with enhanced sensing technology and it’s add on modules the NV11+ for note recycling and the NV12+ for TITO capabilities.

The show was used to outline ITL’s newest service, Live Ticket+ a unique, integrated TITO implementation service offering from subsidiary InnoPrint, supported by Innovative Technology and InnoServ. Live Ticket+ makes ticketing easy and is a complete solution for any Gaming and Amusement operators wanting to implement a TITO (Ticket in – Ticket out) system within their business. 

Andy Bullock, Business Development Manager said, “As a company we can now offer coin, note and ticketing cash handling peripherals and Live Ticket+ received a lot of interest at EAG. The attitude towards TITO is changing, up until a few years ago, ticketing was rarely seen outside of casinos however, it looks set to soon be the norm. Other popular products at the show included our NV9 USB+ note validator with enhanced sensing technology and it’s add on modules the NV11+ for note recycling and the NV12+ for TITO capabilities. Our modular approach allows customers to add extra functionality to their existing banknote validators with ease and visitors were impressed with our innovative product range. EAG is a great way to start the year and gave us a chance to catch up with industry customers and friends. I look forward to seeing everyone next month at ICE when we will be back at the ExCel on stand N1-430.”

Leading cash handling equipment provider Innovative Technology Ltd (ITL) is pleased to announce their newest trading partner Maggi Electronics UK. ITL have been working with Maggi for some time on an informal basis and this partnership formalises their relationship and strengthens ITL’s UK network as they continue to grow their customer base at home and internationally.

ITL Business Development Manager, Andy Bullock, commented on the partnership saying, ‘The announcement of Maggi Electronics as our newest trading partner strengthens the long-term relationship between the two companies which we have had over a vast number of years. Maggi have expanded their operations over the years and are more equipped to deal with customer queries and help support ITL products. 2017 brings exciting times with the launch of the New £1 coin and £10 polymer note this year, this relationship enables ITL and Maggi to effectively assist customers with product upgrades, and we encourage all customers to make plans ahead of the new currency’s introductions”.

Paul Yorke, Operations Director for Maggi commented saying, "As the UK's leading repair and service centres for electronic products, our business relationship with Innovative Technology has organically burgeoned throughout our longstanding association of 10+ years. We have built a solid working partnership over this time and with the amusement industry facing numerous forthcoming currency changes, we are extremely thrilled to become an official trading partner for Innovative Technology.”

Innovative Technology Ltd (ITL) is pleased to welcome Technical Sales Engineer, José Garcia Escudero to their Barcelona office. José will support OEM’s in the Gaming, Amusement and Vending sector across Spain and join the company’s expanding Barcelona team.

José brings 16 years of sales experience to the company in engineering having previously managed projects overseas in South East Asia and Africa and has experience exporting equipment to over 30 countries around the world. José’s appointment will bring a wealth of experience as the company continues to grow and gain market dominance.

Commenting on his position, José said, ‘I am excited to start working within the cash handling industry, especially at a company with a strong reputation like ITL, I know it will be a great company to work for. In my first week with the company I was lucky enough to travel to the UK to take part in the annual Sales Conference. The 3 day event gave me a great insight into the operations of the company and allowed me to meet my international sales colleagues and see the UK Head Office. I’m looking forward to what the future holds and I’m excited to meet all of the OEM’s.  I will be attending the ICE Totally Gaming Show next month in London and I’m looking forward to meeting everyone and representing ITL.”

Group Sales Director, Mustapha Hadj-Ahmed said “I am delighted to welcome José to our team. His appointment indicates our commitment to the Spanish market. As we continue to grow, José will bring new ideas and fresh opportunities to the team to further support our customer base.”

Leading cash handling equipment provider Innovative Technology is pleased to announce the promotion of Andy Bassam to VP of Customer Support.

Andy has headed up ITL’s Customer Support for the last five years and has worked in the cash handling industry for more than 15 years. This new role will see him take on more strategic responsibility for the development of the company’s global technical support as ITL continue to grow their product range and expand their market share worldwide.

Commenting on his promotion Andy said, “ITL Customer Support is a truly global operation with staff from different continents providing around the clock support for customers. We believe in constant development and are keen to improve the level of technical assistance we can provide to our expanding customer base.”

Andy continued, “We are putting systems in place to provide a faster turnaround for email support requests to further strengthen the daily assistance we provide. To ease new product implementation for customers we are renewing all of our technical manuals, creating an easy to follow, consistent style for our complete product range. We will provide on-site customer visits in more locations to aid customers with hardware and software integration, as well as providing support for product trials through regular monitoring and reporting.”

Operations Director TJ Crowley said “I would like to congratulate Andy on his promotion to VP of Customer Support. His contribution to the growth of our global technical support team over the last 5 years is clear for all to see. As we look to develop our customer support team yet further Andy will continue to be a pivotal part of our drive to provide the highest level of service.”

The new 12 sided £1 coin will enter circulation Tuesday 28th March 2017.

Key Dates

28th March 2017: New £1 coin launched

28th March - 15th October: Co-circulation period when both coins will be accepted

16th October: Demonetisation of the round £1 coin 

The current £1 coin was first issued in 1983 and having been in circulation for over 30 years is one of the oldest British coins still in circulation. Over time, it has become increasingly vulnerable to counterfeiting so from March 2017 our beloved pound coin will be replaced by a new 12-sided, bi metallic, thinner £1 coin which will become the most secure circulating coin in the world. The Royal Mint is producing more than 1.4 billion of the new coins in advance of its March 2017 introduction. There will be a six-month period of co-circulation until Autumn 2017 when the current £1 will be removed from circulation and cease to be legal tender.

Coin Specification

All businesses that accept cash need to plan in advance for the introduction of the new £1 coin, to ensure they are prepared before it’s official release. Our coin handling devices the SMART Hopper and SMART Coin System have undergone extensive testing and we foresee no complications for Operators after the new £1 coin enters circulation. All ITL coin handling equipment will need to be updated and ITL currency datasets are freely available now via Diese E-Mail-Adresse ist vor Spambots geschützt! Zur Anzeige muss JavaScript eingeschaltet sein! or from our website.

Visit www.thenewpoundcoin.com for more information

Did you know?

The pound coin (£1) was introduced in 1983 to replace the Bank of England £1 banknote which was discontinued in 1984.

The designs on the one pound coin change annually in a largely five-year cycle.

All modern coins feature a profile of the current monarch's head. The direction in which they face changes with each successive monarch, a pattern that began with the Stuarts.

From a very early date, British coins have been inscribed with the name of the ruler of the kingdom in which they were produced, and a longer or shorter title, always in Latin.

In the years since decimalisation, a number of changes have been made to the GBP coinage. The twenty pence (20p) coin was introduced in 1982 to fill the gap between the 10p and 50p coins.

A circulating bimetallic two pound (£2) coin was introduced in 1998. There had previously been unimetallic commemorative £2 coins which did not normally circulate.