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Production of the new £1 coin began yesterday as the Chancellor, George Osborne announced it will enter circulation in March 2017. The current £1 coin is being replaced for the first time in over 30 years because of its vulnerability to sophisticated counterfeiters. The new £1 to be issued from March 2017 will be a 12-sided, bi-metallic, bi-colour coin with milled edges. It will weigh 8.75g and will have a diameter of 23.43mm from point to point (23.03mm edge to edge). The edge thickness will be 2.8mm and the metallic composition is: nickel-brass outer; nickel-plated solid alloy inner. When the new £1 coin enter circulation during…

Innovative Technology Ltd (ITL) is pleased to announce the appointment of a new trading partner based in Mexico, Qualmex. Well established in the Retail and Transport Market in Mexico, Qualmex will distribute Innovative Technology’s state of the art currency validation, recycling and ticketing product range. Qualmex is perfectly placed to assist Innovative Technology’s expansion across the Americas and will provide local support to customers, whatever their cash handling requirements. Ramón Gutierrez Silva,Commercial Director, Qualmex “We have just returned from a week of intensive product training at Innovative Technology’s UK Head Office. Their product range is ideal for the market here and very…

Innovative Technology, a leading global provider of cash handling solution is pleased to announcement the appointment of Midge Seaman, Office Manager at our US operation Innovative Technology, Americas Inc. Midge will be based at our new office in Pewaukee, Wisconsin and will be responsible for customer service, sales support, inventory management and accounting; supporting our expanding customer base across the Americas.Speaking on her new role, Midge said “I’m delighted to be working for Innovative Technology and I’m looking forward to my future at the company. Every day is different and there is a broad spectrum of tasks to be performed.…

VendExpo, one of the most prestigious vending events in Russia, will be the location for Innovative Technology Ltd.’s (ITL) next exhibition. VendExpo has been attracting leading Russian and overseas providers of vending equipment, parts and goods since 2007. ITL will be showcasing their range of cash validation technology at the show, including banknote validators, ticket printers and coin recyclers. ITL’s stand at the show will be manned by Lina Kazantseva, Marcus Tiedt, John Wade and Igor Mukhtarov. Lina, Business Development Manager for Russia, said “Last year’s show was a great vehicle for us to show how our products can reduce ownership costs…

March has already proved to be a busy month for Innovative Technology Ltd. (ITL), with the cash handling solutions provider exhibiting at the prominent UK Retail show RBTE 2016 in London and the China Vending Show in Shanghai.ITL showcased a number of products for the Retail industry at RBTE 2016, which was held at the London Olympia exhibition space and welcomed a wide range of exhibitors and visitors from the Retail sector. The show was manned by a number of ITL team members from the UK and German offices including Sales Director, Tony Morrison and Senior Business Development Manager Paul Curley. Commenting…