Innovative Technology Ltd. (ITL) a leading provider of cash handling equipment are reeling from a successful showing at the National Convenience Show in Birmingham. A new event in the ITL exhibition calendar, the company used the show to outline their latest innovation, SafeCash Collect to the UK convenience market.

ITL’s Senior Business Development Manager for Retail & Kiosk, Paul Curley commented, “The show was a great opportunity to display our cash handling range and highlight our latest groundbreaking innovation, SafeCash Collect. The unit combines a secure tamper evident cash bag system with live data and reporting software and is ideal for the convenience store market. SafeCash Collect utilises our flagship NV200 note validator head with a tamper evident cashbag, where uniquely barcoded cashbags provide full audit traceability, eliminating shrinkage and accounting errors. Live Collect provides data and reporting functions detailing cash activity, collections and CIT as well as allowing quick and easy remote updates. SafeCash Collect is ideal for the convenience market so we had to be at the show this year, I’m really happy with the feedback we’ve received.”

The company displayed their NV200 Spectral - the most technically advanced note validator in its class and visitors were impressed with the units spectral sensing technology that scans 4.8 million datapoints, capturing 100% of the note image.

ITL’s next UK exhibition is the Autumn Coin Op at Chelsea FC 11^th - 12^th October 2017 where they will have their full state of the art product range on display at Stand 2.

Leading cash handling equipment manufacturer Innovative Technology Ltd (ITL) are celebrating today after being named recipients of a Queen’s Awards for Enterprise: Innovation 2017. The Queen’s Award is the UK’s highest accolade for business success and ITL join an elite group of companies, recognised this year as deserving winners.

Managing Director, Peter Dunlop commented, “We are honoured to receive this award for Innovation. This is the company’s 4^th Queen’s Awards in our 25-year history having previously won in 1997, 1999 & 2014. The Queen’s Awards are one of the most prestigious business accolades in the UK and are only awarded to companies demonstrating the highest level of excellence. The award this year demonstrates that innovation is at the heart of everything we do, something which has been the Company’s Ethos since day one.”

This year Queen’s Awards have been announced for outstanding business achievement in the fields of International Trade, Innovation and Sustainable Development. As a Queen’s Awards winner, Innovative Technology can expect an invitation to attend a special reception at Buckingham Palace with HM The Queen later this year.

Peter went on to say, “This is a historic time for Innovative Technology as we celebrate 25 years in the cash handling industry. As a company, we are experiencing a significant, sustained period of growth, which has allowed us to increase our staff and office locations and expand our product range; cementing our position as a market leader in our field. The Innovation Award was granted for our flagship NV200 banknote validator, sighting it’s modular, versatile design as a real innovation for the cash handling industry. We’re proud to receive the Queen’s Awards and will be celebrating next month when ITL staff from around the world gather in the UK for a day of fun activities and celebrations to mark our 25^th anniversary.”

To find out more about Innovative Technology and their product range visit www.innovative-technology.com.

About the Queen’s Awards

The Queen's Awards for Enterprise are the most prestigious accolades for businesses and individuals in the United Kingdom. The winners are announced each year on 21st April, Her Majesty The Queen’s birthday. The corporate awards recognise outstanding achievements by UK companies inthree categories: International Trade, Innovation and Sustainable Development. Each Award is valid for five years and winners are invited to a reception with HM The Queen at Buckingham Palace.

IN THIS BULLETIN: NV9 USB+ Firmware Version 3.71 released, NV10 USB+ Firmware Version 3.42 Released, SMART Coin System Firmware Version 1.14 Released, SMART Hopper Revision 30 Released, Currency Dataset Downloads, NV9/NV11/NV12 Mounting Bracket, New €50 release - 04/04/2017, Removal of old £5 from circulation - 05/05/2017 and New £1 coin - 28/03/2017. 

全球领先的纸币处理设备厂商—— Innovative Technology Ltd.（简称ITL）将于2017年4月26日-28日在中国自助展上亮相。届时现场观众可以看到我们在展位W1F01A展出的一系列拥有创新技术的纸币处理产品设备。

展位上CBA9将会是我们重点呈现的产品，这是全球第一款专为中国市场量身订做的纸币识别器，它标示了ITL对中国市场的重视和投入。CBA9具有卓越的稳定性，并且采用了增强型的传感器，这大大提高了其对人民币的识别能力。CBA9 能够进行快速交易，节省时间，同时提升了纸币处理的性能。这款产品采用了模块化设计，因此它能通过添加票券打印机或循环找零系统实现轻松升级，适应客户的任何需求。

ITL亚洲区业务拓展经理——王海先生评价：“在中国市场，中国自助展对我们来说是一场很重大的展会，它对我们在亚洲自助售货机市场上拓展ITL品牌来言意义重大. 展会届时会有种类繁多的产品展出，我们将会带来在中国自助售货机市场上大受欢迎的纸币识别器产品系列，展现我们为中国市场给予的高品质现金处理产品的投入和奉献。我真的很期待向观众介绍CBA9，它是在我们完全聆听了客户对纸币识别器的需求后开发出来的产品。这是专为中国市场设计的产品，它能完全支持自助售货机行业的MDB接口模式.”

同时，我们还会在展会上展示SMART 系列的硬币和纸币找零循环系统，其中包括SMART Payout——这是一款技术先进，适用于高价值应用的多面额纸币找零循环系统.

NV200 Spectral, 我们最新款的产品也会出现在展会上。尽管这款产品并不直接定位于自助售货机行业，但观众将会对它的传感技术留下深刻印象。它一次性可以扫描超过480万的数据点（行业没有其他竞争对手可以达到），100%捕捉并识别出纸币.

欢迎走进我们的展位:W1F01A（中国上海），向ITL 团队成员了解更多关于我们的产品信息!

The new €50, the fourth banknote in the Europa series, starts circulating today, the European Central Bank (ECB) announced.

Marking a further step towards making euro banknotes even more resistant to counterfeiting, its security features include a portrait window near the top of the hologram which becomes transparent when looked at against the light. The window reveals a portrait of Europa, a figure from Greek mythology, which is visible on both sides of the note. The same portrait is also visible in the watermark, alongside the emerald number, which displays an effect of the light moving up and down when the note is tilted. The note also includes raised print for the visually impaired. 

“Even in this digital age, cash remains essential in our economy,” Mario Draghi, President of the ECB said. “A soon-to-be-published survey on cash use, carried out on behalf of the ECB, shows that over three-quarters of all payments at points-of-sale in the euro area are made in cash. In terms of transaction values, that’s slightly more than half.”

The €50 is the most widely used euro banknote denomination. With over 9 billion of them in circulation, they account for 46% of all euro banknotes. The €50 banknotes of the first series will remain legal tender and continue to circulate alongside the new notes and will be gradually withdrawn from circulation.

New €100 and €200 banknotes will be issued at the beginning of 2019.

source: European Central Bank

Innovative Technology Ltd (ITL) joined industry professionals at FER Interazar, Madrid, where they exhibited their full product range at the show including their innovative coin & note handling products and ticketing solutions to the Spanish gaming market.

José Garcia Escudero, Technical Sales Engineer, commented on the show saying, ‘We were overwhelmed with the amount of interest we had surrounding our products at the show. Many customers were interested in the NV200 Spectral and impressed with the units sensing technology which scans 4.8 million datapoints, capturing 100% of the note image. We have been demonstrating the units spectral sensing throughout the show and visitors have been amazed at the unit’s capabilities. It’s a real game changer and shows that innovation and technology are at the center of everything we do.’

As well as the NV200 Spectral, ITL’s TITO solutions also proved to be a hit amongst visitors especially the NV12+, which utilizes a revolutionary compact validator and ticket printer delivering a market leading ticketing system. Staff on the stand were able to talk visitors through the units capabilities and its benefits to the sports betting industry.  This helped customers to understand how ticketing systems can be easily implemented into their machines. ITL have had success in the Spanish market with operators looking to utilize ticketing into their operations.   

ITL will be exhibiting at the National Convenience Show in Birmingham, from 24-26^th April on stand: U81 as well as exhibiting at EU’Vend in Dusseldorf, Germany from 27^th-29^th April on Stand No: Hall 9.1  A048/B049. 

Leading cash handling equipment provider, Innovative Technology Ltd. (ITL) will be exhibiting at The China Vending and Self Service Show on the 26^th – 28^th April. The company will have their innovative range of cash handling products on display for visitors at Stand No: W1F01A.

Highlights on the stand will include the CBA9 which is a versatile bill acceptor that has been specifically designed for use in the China, demonstrating the company’s commitment to the local market. The CBA9 offers exceptional field reliability and its enhanced sensing technology yields a high acceptance rate for RMB. The CBA9 boasts a quick transaction time and improved note-to-note processing capabilities. Due to the product’s modular design, the CBA9 can be upgraded to add a ticket printer or a note recycler to suit any customer’s need.

Business Development Manager for Asia, Sean Wang said “The China Vending Show is a highlight for us here in China, the show is significant in developing our brand in the Asian Vending market. With such an extensive product range we will present a number of popular bill validators to the Chinese Vending market demonstrating our dedication to providing high quality cash handling products. I’m really looking forward to talking to visitors about the CBA9. We have listened to exactly what our customers wanted from a bill acceptor and the CBA9 was designed exclusively for China and fully supports MDB for the vending industry.”

The company will also be showcasing their range of SMART coin and note handling products, including the SMART Payout; an unrivalled mixed denomination note recycler for high value applications.

The company’s newest product, the NV200 Spectral will also be on display at the show. Whist the unit is not aimed at the vending industry directly, visitors are set to be impressed with the unit’s sensing technology which scans over 4.8 million datapoints (a figure which is unmatched by industry competitors) capturing 100% of banknotes.

Join the ITL team at Stand No:W1F01A in Shanghai, China.