Latest News

Innovative Technology Ltd. (ITL) will be returning to VendItalia in May 2016 to display their range of cash handling products. The exhibition will be held at Fieramilanocity exhibition space in Milan, Italy. ITL’s stand at the show will be manned by Business Development Manager for Italy, Stefano Mandelli and Customer Support Engineer, Davide Giusti. ITL has steadily expanded its business activities in Italy since the opening of the firm’s new Milan office in 2014 and this year’s appearance at VendItalia will build upon last year’s successful showing. The ITL stand C43-D44 will feature a number of products with applications in the vending industry, including the NV11+ and…

Since its introduction at EAG 2016, Innovative Technology’s (ITL) NV12+ revolutionary validator and printer has been impressing customers in various sectors throughout Europe. The NV12+ is ideal for sports betting terminals and video lottery terminals (VLT) due to its compact size and lightweight design, allowing it to be implemented in machines of any shape or size. Furthermore, it combines cash acceptance, ticket printing and ticket validation to provide a truly exceptional product for sports betting customers. ITL’s Group Sales Director, Mustapha Hadj-Ahmed, said “The perceived additional space requirement is one of the major obstacles preventing operators from installing ticketing systems in their…

Over the next two years we will see the introduction of polymer banknotes and a new twelve sided £1 coin in the UK with new material, designs and security features. CirculationDue to enter circulation September 2016, the new £5 note will feature Winston Churchill and will be the first plastic banknote to be issued by the Bank of England. The following year, March 2017 will see the Royal Mint issue a new £1 coin, something which has been widely spoken about because of its unusual 12 sided design, which might remind those of a certain age of the old threepenny bit…

Innovative Technology Ltd. (ITL) is pleased to announce the arrival of Saša Kragulj as Business Development Manager. Saša will be  based in Prague and will oversee ITL’s growth in the Czech Republic, Slovakia, Poland and Hungary.Saša has a wealth of experience within the cash handling industry, having held Sales and Project Management roles for a number of organisations. Saša made the move to ITL at the beginning of 2016.Saša commented on his new position “I am very excited to be working for ITL, I have worked in the industry for a number of years now, so I understand just what…

Innovative Technology Ltd.’s (ITL) banknote validators have received independent validation from the European Central Bank (ECB). The ECB grants approval to validators that can successfully recognise the difference between genuine and counterfeit banknotes. ITL’ NV9 USB+, NV10 USB and NV200 all received 100% during testing in Amsterdam at De Nederlandsche Bank.  Ben Wright, Lead Currency Support Engineer, said “Once again, we are very proud to have passed the ECB’s strict testing process with flying colours. 100% of the genuine notes were identified and accepted by our validators. As with last year, our validation products included SPF™3 technology, our next generation banknote…