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Items filtered by date: March 2017
Wednesday, 22 March 2017 10:33

A Vending Venture for ITL

Leading cash handling equipment provider, Innovative Technology Ltd. (ITL) will be exhibiting at EU’Vend in Cologne on the 27th-29th April. The company will have their innovative range of cash handling products on display for visitors at Stand No: Hall 9.1 A048/B049.

Highlights on the stand will include a number of popular vending products including the NV9 USB+, NV10 USB+, NV11+ and NV12+. Note recycling has remained a hot topic for the vending industry and the company’s modular approach to product design means customers already using the widely used NV9 USB+ note validators can easily add note recycling or ticket printing capabilities. ITL’s versatile yet compact products are ideal for the vending industry’s space constraints; making transactions more convenient for the end customer.

Business Development Manager, Christian Czeskleba commented, ‘We are extremely excited to be participating at EU’Vend this year, the show is bigger than last year and I am expecting a lot of interest in our products. Having consulted with our customers we have designed a mounting bracket specifically for the vending industry to allow a note recycling validator to be implemented into machines. The bracket mounts directly to the machine door and uses the standard vending cut-out for easy instillation. Our NV11+ now supports MDB too so we can offer the perfect solution. I am really looking forward to talking to visitors about this at the event. Our products can be implemented easily and used to give out vending receipts or banknotes for convenient customer change, I know visitors are going to be impressed. I especially enjoy EU’Vend, being from Germany, it gives me an ideal opportunity to connect with my customers and put faces to names!’

The company’s newest product, the NV200 Spectral will also be on display at the show. Although not specifically aimed at the vending industry visitors are set to marvel at the unit’s sensing technology 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: Hall 9.1 A048/B049. 

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Leading cash handling technology company, Innovative Technology Ltd. (ITL) will be exhibiting at The National Convenience show in Birmingham from 24th – 26th April. The show will provide an ideal platform for the company to showcase their state of the art cash handling equipment from stand U81.

Although new to the National Convenience Show, 2017 sees ITL celebrating their 25th year in business and the company expects a lot of interest in their cash handling equipment. ITL’s Senior Business Development Manager,Paul Curley commented, ‘The show will be a fantastic opportunity to show off our products to the UK market and to outline our groundbreaking innovation, ‘SB - TEBS Collect’, a secure tamper evident cash bag system with live data and reporting software. This is the first time we will be showing this product to the market and we expect a lot of interest. The unit utilises our market leading NV200 note acceptor head with a tamper evident cashbag, where uniquely barcoded cashbags provide full audit traceability. Live Collect provides data and reporting functions detailing cash, collections and CIT as well as allowing quick and easy remote updates and simple integration. SB-TEBS Collect is a real game changer and I can’t wait to see how it is received at the show.’

ITL’s latest groundbreaking note validator the NV200 Spectral will also be at the show for visitors to see. The most technically advanced note validator in its class, the unit features spectral sensing technology that drastically increases the number of scanned datapoints to over 4.8 million – a figure which is unmatched by industry competitors. Alongside the NV200 Spectral, visitors can take the opportunity to see the companies SMART Coin System; a state of the art bulk coin feeder, validator, mixed coin hopper and recycler in one. The product is ideal for retail applications and eliminates coin starvation and the need for multiple hoppers.

Staff from ITL’s UK and German office will attend the National Convenience show and look forward to meeting everyone at stand U81.


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Wednesday, 15 March 2017 11:59


Lydia Makin, Resourcing Coordinator visited MCR Digital, one of the biggest career events in Manchester to represent ITL…

In February, I organised for ITL to attend the MCR Digital event – one of the biggest career events that runs in Manchester aimed at ‘tech savvy’ students. In 2016, the event had around 1,500 students attend so it was inevitable to expect the same or more this year!Living local, I travelled via the Metrolink and met my colleagues Tom, Resourcing & Talent Manager, and Jim Franklin, Embedded Software Engineer, at the venue in time for the set up. The event was held in Manchester City Centre at the Town Hall. I was pleasantly surprised when I entered as the décor was amazing and the hall was huge!

Once we had registered and checked in, we located our booth – which was ideal, right by the entrance. All hands were on deck to get the stand up and running before the event started at 11.30am as we knew it would be extremely busy! The next task was to set up the products which we had taken. Luckily, I had Jim and Tom to help me connect them up correctly but we still called James, our technical support engineer to confirm everything was done correctly.

As predicted, from the moment the doors opened to the moment the doors closed, our stand was extremely busy. We were overwhelmed with the amount of interest we received with students wanting to know more about the company and what we can offer them. We were so busy we didn’t even have a chance to eat our lunch!

I spent the whole day interacting with students who were mainly studying Computer Science and Software Engineering as well as a few Data Science students, which proved to be a great opportunity to discuss our 2017 – 1 YR Placement, Summer Internships and Graduate positions. Towards the end of the day when the event was quieting down, I was able to have a look around to see what other companies had to offer and I was impressed with Dream-R who had a virtual reality basketball game set up! 

Although the day was very tiring, I really enjoyed attending the event to promote our company vacancies and of course, meeting the students and hearing about their skills and experience.For our next recruitment fair, we will be attending Liverpool Spring Careers Fair on Wednesday 22nd March 2017 at The Crypt Hall, Liverpool Metropolitan Cathedral.

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Tuesday, 14 March 2017 13:25

ITL are ready for the new €50, are you?

The new €50 will enter circulation on Tuesday 4th April 2017.  We are pleased to inform you that Euro and Euro mixed Innovative Technology currency dataset files, containing the new €50 banknote, are now in our datasets…

Innovative Technology Ltd. (ITL) have now updated all applicable ITL EUR datasets ahead of the launch of the new €50 on 4th April 2017. The note is part of the banks continued efforts to preserve the euro as a stable currency. All operators are required to update their cash handling equipment to be able to accept the new issue banknote when it enters circulation; now is the time to update your units.

All cash handling equipment here at ITL has been updated ahead of the new notes introduction. The new €50 note has been included in all our note datasets and is available to download from our website for free. Innovative Technology validators are quick and easy to update via PC or handheld DA3 programmer

Regular updates regarding the release of the new €50 note will be available on our website over the coming months.

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Tuesday, 14 March 2017 08:39

Peter Dunlop, Group Managing Director

Innovative Technology Ltd (ITL), a global provider of cash handling equipment is pleased to announce the appointment of Peter Dunlop as Group Managing Director.

Peter has been with the company since 1996 and has been responsible for product development and the product roadmap since 2005. In this time our products have won many awards which reflects Peter’s successful leadership and strategic vision. In this new role he will take full responsibility for the direction and management of the Group.

Peter takes over from Aidan Towey, who after 22 years has decided to pursue other interests but has alsomade himself available to affect a smooth transition.

David Bellis, Chairman of Innovative Technology said: 

“I am delighted that Peter has accepted this appointment and I know he will continue to lead the company to even greater success in the future.“

“We cannot thank Aidan enough for the dedication, passion, enthusiasm and motivation he has given Innovative Technology. He will be greatly missed by the staff and Board alike. Aidan has the talent and ability to succeed in whatever his next venture brings.”

Peter Dunlop said:

“I am very proud to be given the opportunity to manage ITL through the next phase of significant growthand I would like to thank Aidan for all his mentoring over the past 22 years. I wish Aidan every success in whatever he decides to do next.”

Aidan Towey said:

“After 22 years with Innovative Technology, I recently let the Board know that I felt it was time for me to move on. The decision to leave the business after such a long and successful period did not come easily as I am extremely proud of all that Innovative Technology staff and board have accomplished during the past 22 years and hold in the highest regard the relationships I’ve built during my time here.”


Published in News
Monday, 13 March 2017 17:44

Spectral comes out top at Euroshop!

Innovative Technology Ltd (ITL) joined industry professionals last week at the largest retail exhibition in Europe, EuroShop. The company had their innovative range of retail cash handling products on display at the event which took place in Düsseldorf, Germany. The company proudly showcased the NV200 Spectral, the most technically advanced note validator in its class, to the retail market for the first time.

VP of Sales & Business Development, Thorsten Labusch commented, ‘We were overwhelmed with the amount of interest we received around the launch of the NV200 Spectral to the German market. Visitors were impressed with the spectrals sensing which scans 4.8 million datapoints, capturing 100% of the note image. We also displayed a working POS terminal on the stand to demonstrate the functionality of some of our other key retail products such as TEBS (a tamper evident cashbag system), SMART Coin System (a bulk coin validator, mixed coin hopper and recycler in one).’

As well as the interest in the NV200 Spectral, there was a lot of attention in the SMART Coin System which is a state of the art bulk coin validator, mixed coin hopper and recycler in one from the company’sSMART range. The product is ideal for large scale high volume retail applications and eliminates the need for multiple hoppers.

ITL will be exhibiting at FER Interazar on 28th – 30th March and will have their full state of the art product range on stand A18 and will be showcasing the NV200 Spectral to the Spanish market for the first time. 

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Innovative Technology’s banknote validators have received certification from the Bank of England (BoE) due to their ability to identify genuine and counterfeit BoE banknotes.

The NV9 USB+ (boasting enhanced sensing technology), the NV10 USB+ (compact stackerless validator), the NV200 (a high volume, high security validator) and the NV200 Spectral (the most technically advanced note validator in its class) all received a 100% grade for accepting authentic banknotes and rejecting counterfeits.

James Beswick, Customer Support Engineer commented saying, ‘The outstanding result demonstrates the high-level security features of our products as well as our unmatched reliability. We have always emphasised the importance of collaborating with the BoE, as their support allows us to ensure our currency datasets are correct and up to date.”  

With the introduction of the new £10 polymer due September 2017, the cash handling industry is set to undergo a considerable change in the near future. Here at ITL, we are now looking forward to the new note entering circulation and have worked with the BoE to get prepared for the change.

ITL have a great relationship with the BoE and we are already preparing and developing our datasets for the introduction of the new £10 polymer notes. ITL’s note validator range has received BoE approval which independently proves that the company is succeeding in producing quality products at an affordable price.

The full results for the testing of automatic banknote handling machines can be found on the BoE website here.

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Leading cash handling equipment provider Innovative Technology Ltd. (ITL) continued their exhibition season with a hugely successful show at Vend Expo, Russia’s largest vending show. The show took place last week in Moscow and attracted visitors from all around the world.

The show provided the ideal opportunity for the company to present their market leading cash handling equipment to the Russian vending market. Highlights on the stand included their latest groundbreaking innovation the NV200 Spectral – “The most technically advanced note validator in its class”. The Spectrals sensing system scans up to 4.8 million data points, capturing 100% of the note image. Vend Expo was used as the official Russian launch for NV200 Spectral. The unit gained independent approvals and validation from the Central Bank of Russia (CBR) last year for its ability to correctly identify all required security features and reject all manipulated notes.

Lina Trofimow, Business Development Manager commented, “We participated at Vend Expo last year, and had such a positive experience that it was an easy decision to return to the show this year. As well as launching our NV200 Spectral and having an overwhelming amount of interest at the show, we still got visitors asking us about our note validator range and in particular, the NV12+. Note recycling has also remained a hot topic for the vending industry and our modular products mean customers already using our NV9 USB+ note validators can add recycling or ticket solutions to form our NV11+ and NV12+. Our versatile and compact products are ideal for the vending industry, making transactions more convenient for the end customer by providing change in notes rather than heavy coins. The Russian market continues to grow at a remarkable rate and it has become an attractive region for us to develop our business.’




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