Innovative Technology, a leading global provider of cash handling technology, is celebrating today after being recognised as one of the top 200 private companies in Britain in terms of international sales growth.

Published yesterday The Sunday Times HSBC International Track 200 ranks Britain's mid-market private companies with the fastest-growing international sales, measured over their latest two years of available accounts. Making their debut in the list, Innovative Technology ranked 113, generating £23m of international sales in 2014 representing overseas sales growth of 30%.

A market leader in the cash handling field, Innovative Technology pride themselves on providing new innovative solutions for customers worldwide. By developing products that customers really need and want ITL’s business has grown significantly. Earlier this year Innovative Technology celebrated the opening of a new, state of the art, 3300m² head office and global development facility on the Innovative Business Park in Oldham.

Tom Pennington-Brookfield, Finance Director commented, “We’re extremely proud to have been recognised in the International Track 200 in our first year of entering. The listing is a fantastic recognition of our continuing growth and expanding global footprint. Over the last twelve months we have opened offices in Asia-Pacific, Italy and the USA, giving us nine offices across five continents, helping us become a truly global company.”

Aidan Towey, Managing Director said, “Being recognised in this year’s International Track 200 is a credit to all of our 270 staff worldwide who ensure that our cash handling product range stays at the forefront of technical innovation. Our strategy of investing heavily in new technology, our people and our state of the art R&D and head office facilities has paid dividends. To ensure we maintain our market leading position, and build on this success we will continue to move into new geographies and new markets. To do this we’re creating new highly skilled jobs for electronic, software and mechanical engineers, physicists and mathematicians. We need more highly skilled people to develop the products of the future.”

The International Track 200 is Innovative Technology’s second Fast Track award having been named the 13^th fastest growing private company in 2014.  

Full details of The Sunday Times HSBC International Track 200 can be found at: www.fasttrack.co.uk/fasttrack/leagues/int200programme.html

International Track

International Track 200 ranks Britain’s private companies with turnover of more than £25m by fastest growing overseas sales. It is produced by Fast Track, the Oxford firm that researches Britain’s top performing private companies.

Which ITL validators are ECB approved?

Innovative Technology Ltd. (ITL) are pleased to announce independent approval from the European Central Bank (ECB) for their note validator (NV) range. The ECB authenticate validators that successfully recognise the difference between genuine and counterfeit Euro banknotes. ITL’s NV9 USB+, NV10 USB+, NV200 and NV200 Spectral all received a 100% pass rate during testing last month at De Nederlandsche Bank in Amsterdam. 

Damian Roach, Test Currency Engineer, conducted the test in Amsterdam, “Once again, we are proud to have passed the ECB’s strict testing process. The results independently acknowledge the reliability of our note validator range for their ability to identify genuine Euro notes and reject counterfeits. Our products were tested with the latest version of SPF™ technology and all passed 100%. We are constantly developing our global currency dataset files, adding new issue notes and known frauds, to ensure we maintain our leading acceptance rates across our note validator range.”

The test results are published to help manufactures choose the counterfeit detection equipment most suitable for their needs. The full listing of the test results can be found on the ECB’s website.