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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…

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…

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…

The new 12 sided £1 coin will enter circulation Tuesday 28th March 2017. Key Dates28th March 2017: New £1 coin launched28th March - 15th October: Co-circulation period when both coins will be accepted16th 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…

Innovative Technology Ltd (ITL) are proud to announce its latest innovation, the NV200 Spectral; a revolution in bank note validators. The NV200 Spectral has received independent validation from the European Central Bank (ECB), Bank of England (BoE) and the Central Bank of Russia (CBR).  The banks grant approval to validators that can successfully recognise the difference between genuine and counterfeit banknotes. The unit passed all three tests with flying colours and could find all required security features, correctly identify them, and reject all manipulated notes.Dr. Matt Strong, Technology Director states, “We are obviously delighted with the outcome, and in particular…