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Polymer banknotes were first introduced in Australia in 1988, and proved so popular that more than 30 countries across the world have switched to polymer currency, including Canada, New Zealand, Chile, Vietnam, and as of last week – the United Kingdom. The beloved British ‘fiver’ is being replaced by a brand new polymer banknote, but what exactly is the difference between our current paper notes and these new plastic replacements?Polymer notes are much more durable than paper notes and, on average, will last at least two and a half times longer than their paper counterparts. The use of resistant material…

 All good things must come to an end, and for Industrial Placement students, Phil Forster, Ashwin Varughese and Joshua Whibberley – the end is nigh.The three of them have been diligently working in the Development team and have learnt how ITL products are made, from initial ideas to the manufacturing stage. This is our last opportunity to have a chat with the three of them, so let’s see how they’d sum up their experience at ITL. Phil Forster – Undergraduate Mechanical EngineerI’ll be sad to leave ITL as I’ve learnt a lot here and made some good friends along the way…

Cash handling security in the Retail and Convenience sectors is now a key factor and in accordance with this increased level of awareness, Innovative Technology Ltd. (ITL) has introduced the Tamper Evident Bag System (TEBS). TEBS, a state-of-the-art cash-in-transit system, is at the forefront of cash security technology and revolutionises the way in which cash is handled. TEBS validates banknotes in the exact same manner as ITL’s other popular validators. However, after the banknote has been validated and accepted it is directed into a secure tamper evident cashbag, a preventative measure to discourage anyone from interfering with the cash. Each…

InnoPrint, a subsidiary of Innovative Technology (ITL), is pleased to announce the launch of the InnoHub and InnoServer. The two products enable analogue and digital machines to become TITO-ready and have already been subject to extensive field trials to ensure reliability.The InnoHub is easy to integrate into new installs and older machine upgrades as the unit can be wall mounted anywhere so space is not a concern. The hub is GBG compliant and supports ccTalk and parallel protocols. The unit is networkable over TCP/IP network and features a number of connectivity options including 5 serial ports, 4 USB ports and…

As July 2016 comes around, ITL is celebrating Group Technical Director, Peter Dunlop’s twentieth year at the company.Peter first joined the company on a university placement year in 1995 and was assigned to work on a project to develop a new electronic chip for use in banknote validators. Peter impressed everyone to such an extent that he was invited back to join ITL full time after he had completed his final year of studies. Peter began in the Development team in Royton, which at the time comprised of exactly two people. As the Development department gradually grew over the years,…