Founded in 1992 by David Bellis MBE, the Oldham based bank note validator manufacturer Innovative Technology Ltd (ITL)was the first company to manufacture low cost multicurrency validators, when it introduced the NV1 Smiley® to the market –making banknote validators affordable to the AWP market. 20 years on and the company’s philosophy of proving exceptional value validation products remains as the company ethos today. Investment in research, development and cutting edge innovation has allowed Innovative Technology to produce exceptional value banknote validators for the last two decades. From the first NV1 to the popular NV4 and most recently the NV11 –Validator + Note Float, innovation remains at the heart of the product range as the company live up to their name. Innovative Technology prides itself on providing exceptional value, intelligent validation products with an industry-leading acceptance rate for multi-currency of typically 99.8%. Innovative Technology –Intelligence in Validation. ITL has grown substantially over the 20 years with worldwide sales & support offices, and global customers from various industries (Gaming, Amusement, Vending & Kiosk to name just a few).
Recent investment has seen ITL build on their established bank note validator range and develop three new innovative payout solutions note and coin payout - the SMART Hopper, SMART Payout and NV11 -Validator + Note Float. The SMART Hopper is a true multi coin hopper. Operating at up to 12 coins per second it validates, discriminates and stores mixed value coins, eliminating the need for a coin sorter and multiple hoppers. The SMART Payout is a modular add on for the high volume NV200 bank note validator and can store and dispense up to 80 mixed denomination notes for change or prize payout.
The newest innovation, the NV11 is a compact recycler capable of storing up to 30 notes of a single denomination, helping to alleviate the pressure on traditional coin hoppers. ITL began their 20-year celebrations in January at the London shows with a record number of enquiries at both ICE and EAG. Marketing Executive, Dayna Patterson said “The London shows this year were a great way to start our 20 year celebrations. Our complete product range was on display at what was for us one of the busiest ICE exhibitions of recent years. Looking ahead to the rest of the year, we will be bringing some new innovative products to the market and continue to expand our existing core products into new applications as we continue to live us to our name and look forward to the next 20 Years of Innovation!”