Innovative Technology Ltd (ITL) will be joining industry professionals next month at EuroCIS -  the Leading Trade Fair for Retail Technology. ITL will have their innovative range of retail cash handling products on display at the event which takes place in Dusseldorf, Germany from 27^th February to 1^st March 2018. Visitors can find ITL at stand number 9A19 where they will proudly showcase the Twin SMART Coin System (a bulk coin feeder, twin hoppers and recycler combined) to the retail market for the first time.

Thorsten Labusch, VP of Sales & Business Development commented, “We are delighted to be back at EuroCIS again this year, the show attracts such a large number of visitors from around the world, it provides the perfect opportunity to showcase our innovative cash handling products for retail and self-serve applications. We are particularly excited to be showing our latest innovation, the Twin SMART Coin System, at the show.  This product is designed specifically to meet the needs of the high-volume retail market as it combines a bulk coin feeder & validator with two mixed coin hoppers & recyclers in one single unit, eliminating the need for multiple coin payout devices. It validates, discriminates and stores mixed denomination coins with a market leading coin capacity and payout speed ideal for high volume applications.This is an excellent addition to our SMART Range and with an excellent ROI the Twin SMART Coin System is a valuable investment for the retail market. It’s high level security, using the latest multi frequency sensing technology, will be especially attractive to this industry.”

The NV200 Spectral, ITL’s flagship product, will also be centerstage on the stand. NV200 Spectral - the most technically advanced note validator in its class uses state of the art sensing technology to offer complete note image capture (highest spectral coverage) to authenticate the validity of notes. The unit boasts 99%+ first time acceptance of new and street grade notes with a note to note processing time of 2 seconds.  It also delivers outstanding fraud protection by using optical and mechanical anti-strimming technology.  

Thorsten continued, “We will also have SafeCash Collect (SCC) on display for visitors to demo. 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 NV200 note validator head with a tamper evident cashbag (TEBS), where uniquely barcoded cashbags provide full audit traceability, eliminating shrinkage and accounting errors.  The SCC cloud-based software package provides live data and reporting detailing cash activity, collections and CIT as well as allowing quick and easy remote updates making it ideal for the retail market. I look forward to seeing everyone at the show to present our real cash handling innovations.”

Join the ITL team at stand number 9A19 to learn more about their retail cash handling product range.

Leading cash handling equipment provider Innovative Technology Ltd. (ITL) kick started their 2018 exhibition calendar with a week at EAG International, one of the UK’s largest amusement shows. The show took place between the 16th - 18th January at ExCeL London and attracted visitors from across Europe.

The ITL stand displayed the company’s innovative product range of note handling, coin handling and ticketing solutions. Highlights on the stand included ITL’s NV200 Spectral, SMART Coin System and various ticketing products. 

Andy Bullock, Senior Business Development Manager commented, “As well as receiving lots of interest in our well-established NV9 USB+ banknote validator, our flagship product - the NV200 Spectral, was also a hit on the stand. The NV200 Spectral is a highly secure, technologically advanced banknote validator with state of the art spectral sensors that offer complete note image capture (highest spectral coverage) to authenticate the validity of notes. The unit boasts 99%+ first time acceptance of new and street grade notes with a note to note processing time of just 2 seconds. The security features of the NV200 Spectral were highlighted as a particular advantage with the unit using both optical and mechanical anti-strimming technology to deliver outstanding fraud protection.”

Andy continued, “Visitors to the stand at EAG were also keen to demo our SMART Coin System. We’ve seen a real increase in the number of manufacturers and operators using this state of the art bulk coin validator, mixed coin hopper and recycler in one. It validates, discriminates and stores mixed coins, eliminating the need for multiple hoppers. With a market leading coin hopper capacity and fully audited, efficient refills, the SMART Coin System is designed to eliminate coin starvation and significantly reduce operator collection costs.  With fast payout speeds of 12 coins per second, the unit significantly improves operator cashflow.”

TITO (Ticket-In Ticket-Out) also proved to be popular with exhibitors and visitors at the show. ITL has a range of ticketing solutions, both modular and standalone, to suit most applications.  The NV12+ is a revolutionary compact validator and ticket printer that dramatically reduces operational costs by eliminating coin hopper starvation and reducing cash handling tasks. Its modular design combines an NV9 USB+ banknote validator with a high-performance printer unit and integral barcode reader, delivering a market leading ticketing system. ITL’s newest ticketing product, the RP-80, also attracted visitor interest at the show. The RP-80 is a standalone, compact 80mm roll printer ideal for the gaming and sports betting market. It utilises a fast, high-quality Seiko print mechanism and the free user-friendly ticket template software offers unrestricted font options to create customised tickets.

Andy concluded, “Our modular approach allows customers to easily add extra functionality to their existing banknote validators and visitors were again impressed at EAG with the flexibility of our product range. I used EAG to remind customers of the benefit of our remote download facility. Available across our product range, it allows currency and firmware updates to be pushed out remotely across the customer’s entire machine estate for convenience and efficiency. EAG is a great way to start to the year as it gives us a chance to catch up with industry customers and colleagues and to plan the year ahead. The next big show for us is ICE Totally Gaming on 6-8^th February at Excel in London and we look forward to welcoming visitors to our stand #N1-430.”

David Bellis MBE, a leading figure in the cash handling industry will celebrate his 80^th birthday this week.

David’s personal career has been exciting and varied, as a key stakeholder in the coin industry, David’s ever-expanding knowledge of coins earned him the accolade of chairman of the Association’s Committee on coinage, reporting to BACTA and consulting closely with the Royal Mint. 1998 saw David honoured as a Member of the Order of the British Empire (MBE), for his significant achievements and outstanding services to businesses in the community.  In 2003, Oldham College announced a prestigious tribute and opened a new building named after David (The Bellis Building). As Oldham born, Oldham educated and always resident within the Borough, David has ‘carried the flag for Oldham’ in all of his activities – never more so than his contribution and involvement in Oldham’s wider business community. 

An inventor and engineer, David produced his first cash handling solution back in 1964 and now more than fifty years on he is still going strong as Chairman of Innovative Technology, the leading cash-handling technology provider. From his humble beginnings designing his first coin payout machine in his leaky garage in Royton, to forming Coin Controls and then founding Innovative Technology after initially retiring, David has had a successful and lengthy career in the cash handling industry.  Innovative Technology has grown from strength to strength, celebrating 25 years in business in 2017 as a result of significant investment in research & development which has seen the organisation grow into a worldwide company with 10 office locations and a global network of over 25 Trading Partners. Its success has been noted in numerous awards including the Queen’s Award for Enterprise and the Sunday Times BDO Profit Track 100. David is highly regarded in the industry and is a great ambassador for his home town of Oldham and amongst the technology world.

All the staff at Innovative Technology and some of David’s close friends celebrated his 80^th birthday in the office last week and he is also looking forward to marking this milestone birthday with some of his oldest industry colleagues at ICE in London. 

To read more about David and his lifetime achievements click here to read his blog.