Leading cash handling equipment manufacturer Innovative Technology Ltd (ITL) is pleased to announce Bank of England (BoE) certification for their note validator range.

The NV9 Spectral & NV200 Spectral, NV9, NV10 and NV200 banknote validators all received a 100% result for their ability to accept authentic banknotes and reject counterfeits. The test was conducted using notes from all GB issuing banks, from England, Scotland and Northern Ireland.

Andy Bullock, Senior Business Development Manager commented, “Having just launched the NV9 Spectral at ICE 2018, this is the first time our newest unit has received Bank of England approval. The 100% result demonstrates the high-level of security and reliability of our products. We value the importance of collaborating with the BoE. Their support allows us to ensure our currency datasets are always up to date, something which has been even more important recently with the introduction of the new polymer banknotes. We will ensure that the new polymer £20, due to enter circulation in 2020 is incorporated into our GBP currency dataset well in advance of its introduction through our co-operation with the BoE.”

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

Leading cash handling equipment manufacturer Innovative Technology Ltd (ITL) headquartered in Oldham, Greater Manchester, are celebrating today after being named recipients of the Queen’s Awards for Enterprise: International Trade 2018. 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 International Trade which recognises our outstanding growth in overseas sales over the last three years. This is the Company’s 5^th Queen’s Awards in our 26-year history, having previously won in 1997, 1999, 2014 & 2017. We are extremely proud of this achievement, the award this year recognises our sustained global expansion and outstanding growth in overseas trade and exports.”

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 winners are published each year on the 21^st April, Her Majesty The Queen’s birthday and are valid for five years.  This year Queen’s Awards have been announced for outstanding business achievement in the fields of International Trade, Innovation, Sustainable Development and Promoting Opportunity through Social Mobility. As a Queen’s Award winner, Innovative Technology can expect an invitation to attend an exclusive reception at Buckingham Palace, hosted by Her Majesty The Queen later this year.

David Bellis MBE, Founder and Chairman of ITL commented, “This is a historic time for Innovative Technology, we are experiencing a significant, sustained period of growth globally, which has allowed us to increase our operations and expand our product range; cementing our position as a market leader in our field. We now have 10 worldwide offices and a host of international trading partners, enabling us to flourish, with substantial year-on-year growth. We are thrilled to receive this latest accolade to add to our rising list of Queen’s Awards and look forward to yet another successful year of International Trading.”

Innovative Technology (Asia Pacific) Pty Ltd are pleased to welcome Scott McLennan, Business Development Manager, who will be based at the organisation’s APAC office in Queensland, Australia. Scott joined the organisation in January 2018 and is responsible for developing new business with a specific focus on Australia and New Zealand.

Commenting on his role Scott said, “Innovative Technology’s long-term stability and the strategic company direction attracted me to apply for the role and I am delighted to be working for such a forward-thinking, innovative organisation. I am responsible for supporting our existing customer base, identifying business opportunities and developing Trading Partners across the region.  I am excited about exploring new opportunities and growing our customer base and market share in these important areas.”

Kerry Cowan, Sales Director - Asia Pacific, commented “APAC is a huge territory, so we wanted to bring onboard someone to concentrate solely on Australia and New Zealand. I look forward to working with Scott to raise our profile and grow our customer base in these countries which are key for us.  Scott has a background in customer facing roles and direct sales from previous positions, so I am confident he will be able to draw on this experience to successfully build our customer base and market share in Australia and New Zealand.”

2018年中国国际自助服务产品及自动售货系统展将于2018年4月26日至28日在上海新国际博览中心举行。届时，行业领先的现金处理设备供应商ITL将展示系列产品，诚邀各位莅临ITL展位：N4E03D

在中国市场，ITL推出的主要产品是CBA9纸币接收器，是一款专为中国市场设计的多功能纸币接收器。CBA9具有极高的可靠性和稳定性，其增强型传感检测技术实现对人民币的极高接收率。它支持MDB远程下载功能，可以通过USB，PC或手持编程器进行免费、快速和简单的固件更新，使其具备长期使用性能。此外，它的模块化设计意味着CBA9可以升级为增加纸币循环找零模块以满足客户更多的应用需求。CBA11在此基础上添加了纸币循环功能，能够实现存储和循环多达30张纸币容量，从而最大限度地提高现金使用效率，减少硬币匮乏，降低运营成本。

ITL亚洲区销售经理王海介绍说：“中国自动售货展是我们亚洲活动日程表中的亮点，并展现了我们对该地区的承诺。该展会有助于我们在中国自动售货机市场发展我们的品牌，我们期待与新老客户见面。除了为中国客户定制的CBA9，我们也将向中国自助服务终端和自动售货机市场推出全新产品NV9 Spectral。NV9 Spectral是一款高度安全且技术先进的纸币接收器，具有最先进的、高分辨率成像的光谱传感器，可扫描128万个数据点以验证钞票的有效性。“

王海最后提到：“ITL另一个纸币器型号是NV10，一款小巧，无钞箱的纸币接收器，适用于空间有限的自动售货应用。可支持100多个不同国家的货币，是一款真正的全球性产品，且支持行业标准协议，易于集成和维护。另外，BV20是另一款紧凑轻便的纸币接收器，适用于经济型自动售货应用。我们在中国已经拥有多元化的BV20客户群，这次也会向新老客户推广并演示，并现场验证产品的可靠性、快速交易和易于维护的特点，向客户证明我们产品的优势。“

欢迎各位莅临ITL展位参观指导：N4E03D。

Innovative Technology will showcase some of their state-of the-art products at the Retail Risk management conference which takes place on 26^th April at the Novotel London West. This will be closely followed by RBTE – Retail Business Technology Expo, which takes place a week later, 2-3^rd May 2018.

The leading provider of cash handling technology will have a select sample of their products on display that will be attractive to the big retailers such as SafeCash Collect, Twin SMART Coin System and NV200 Spectral.

Paul Curley, Senior Business Development Manager commented, “We look forward to having a presence at both shows and using them as an opportunity to network with some of the leading retailers in Europe.  We are particularly excited to be showing SafeCash Collect. This utilises our NV200 banknote acceptor to authenticate, count and store cash and is connected to our cloud-based data and reporting software ‘Live Collect’.  This product is ideal for the retail market as it eliminates shrinkage, reduces cash in transit (CIT) collection costs and maximises cash handling efficiency. This closed-loop cash management solution will bring real benefits to the industry especially in terms of reducing risk and fraud. The tamper evident cashbags each have a unique barcode for full audit traceability, identification and tracking purposes to help retailers eliminate shrinkage and accounting errors.”

Paul continued, “We will also have on display the latest addition to our SMART range, the Twin SMART Coin System which combines a state of the art bulk coin validator, 2 x mixed coin hoppers & recyclers in one. Boasting a large coin capacity and payout speeds of us to 24 coins per second the unit validates, discriminates and stores mixed coins, eliminating coin starvation & the need for multiple hoppers.”

Delegates to the conference and RBTE will also be able to test out ITL’s NV200 Spectral – the most technically advanced note validator in its class. The NV200 Spectral is a highly secure and technologically advanced banknote validator. State of the art spectral sensors 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.

Paul concluded, “Retailers at the shows will be impressed by our modular approach to product design which allows for the addition of an add-on note recycler. Our products incorporate integrated security and fraud protection features and we look forward to explaining the various  benefits of our key retail products at the 2 London shows. Come and see us at Retail Risk, stand 8 and stand A125at RBTE.”