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 4th 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 25th 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.
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.
Innovative Technology Ltd (ITL) will be exhibiting at FER Interazar in Madrid, Spain next month where they will have their full product range on display at stand A18.
2017 is already proving to be a successful year for ITL who are celebrating their 25th year in business. The company started the year with a number of international trade shows and will use FER Interazar to outline their latest groundbreaking innovation to the Spanish market; the NV200 Spectral. 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, capturing 100% of banknotes.
The company’s newest Technical Sales Engineers, Jose Garcia Escudero and Antonio Rodriguez will be at the show, representing the company in their own country for the first time. The exhibition will provide a platform for the pair to introduce themselves to the wider Spanish market and talk to visitors about the company’s latest cash handling products.
José commented, “Spain is a strong market for us and there’s a real sense of continued optimism across the industry. We’re excited to officially launch the NV200 Spectral in Madrid and are expecting a lot of interest, particularly in the unit’s new spectral sensing technology. We will have our full product range at the show including innovative coin & note handling products and ticketing solutions. Our modular product design allows customers to add note recycling or ticketing to their existing note validator and a number of major operators have already taken advantage of these functions. We’ve had unrivalled success in Spain with our compact note recycler the NV11+ and I’m looking forward to taking to the sports betting industry about our NV12+ the compact validator & ticket printer as more operators look to utilise ticketing to maximise cash efficiency.”
ITL will have their full state of the art product range at FER Interazar on stand A18 and will be showcasing the NV200 Spectral to the Spanish market for the first time.
Innovative Technology Ltd (ITL) will be joining industry professionals next month at the largest retail exhibition in Europe, Euroshop. ITL will have their innovative range of retail cash handling products on display at the event which takes place in Dusseldorf, Germany from 5-9th March 2017. Visitors can find ITL at Stand No: 6D75 where they will proudly showcase the NV200 Spectral, the most technically advanced note validator in its class, to the retail marketing for the first time.
The NV200 Spectral is the latest ground-breaking note handling innovation from ITL and Euroshop visitors will be able to see the unit in action. Spectral sensing technology scans over 4.8 million datapoints, a figure which is unmatched by industry competitors, capturing 100% of banknotes.
VP of Sales & Business Development, Thorsten Labusch commented, ‘We expect a lot of interest in the NV200 Spectral, having been officially launched to the public at ICE, it receives its retail debut at the show and we know it will attract a lot of attention from visitors with the units enhanced sensing capabilities and 2 second note to note processing time. We will have a working POS terminal on the stand to demonstrate the functionality of some of our other key retail products; TEBS (a tamper evident cashbag system) and SMART Coin System, a bulk coin validator, mixed coin hopper and recycler in one. Euroshop is always a great show for us and we’re really looking forward to it this year as we bring our latest retail cash handling innovations to the industry.”
Visitors to the ITL stand will be able to see their whole coin and note handling solutions alongside their SMART product range, including the SMART Payout, a superior mixed denomination note recycler and SMART Ticket a unique note validator & ticket printer.
Innovative Technology Ltd. (ITL) has continued their great start to the year having returned from a successful ICE Totally Gaming 2017. The company used ICE, the largest exhibition in the industry’s calendar to launch their latest groundbreaking innovation the NV200 Spectral.
The most technically advanced note validator in its class, the NV200 Spectral features sensing technology that scans 4.8 million datapoints, capturing 100% of the note. Speaking after the show, Dr. Matt Strong, Technology Director commented on the interest in the NV200 Spectral. “We’ve been overwhelmed with visitors wanting to see the NV200 Spectral’s sensing capabilities. The unit captures 100% of the banknote and boasts 2 second note to note processing time and 99%+ first time acceptance of new and street grade notes. 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 once again that innovation and technology are at the center of everything we do.”
ITL’s full product range was on display with the company’s note & coin handling products and TITO solutions on the stand. Enrique Jütten, VP of Sales & Business Development said, “ICE is always a great show and this year was no exception with the launch of the NV200 Spectral. We’ve had a lot of interest in our ticketing products too, especially the compact validator & ticket printer the NV12+. TITO is a hot topic in the industry and our simulated gaming and redemption demo units attracted a lot of attention, helping customers understand how our ticketing systems can be easily implemented into their machines. Whether visitors were interested in implementing a complete TITO system or simply installing individual components, we were able to demonstrate solutions to suit any specification.”
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Ljubljana, Slovenia – Comtrade Gaming, the leading technology supplier to the gaming industry, announces the integration of its iCore – The Enterprise Gaming Platform as Dafabet’s complete back-end solution. After a multi-phase approach and no downtime deployments, the platform introduces new features that continue Dafabet’s distinguished player experience. iCore – The Enterprise Gaming Platform manages multi-channel customer relationships, analyses online activity and improves operational strategies to unlock business value. Through a high degree of customisation, iCore targets players to sharpen industry practices and optimises the digital gaming experience.
“Migrating the entire back-end platform as a live operator involves massive risks if not done correctly. Comtrade Gaming seamlessly managed the process for us and the transition created an instant, positive effect on our business,” explains Dimi Karatzas, Online Betting & Gaming Director at AsianLogic. “The new platform will help us grow and meet business demands as the market becomes more competitive.”
The modernised infrastructure replaces Dafabet’s legacy system to enhance their competitive advantage through superior player management features. From a single back office tool, iCore’s platform capabilities include scalability for the highest player volumes and casino and betting product diversification. Comtrade Gaming's system is capable of thousands of bets per second, automates real-time bonusing features and collects player data to intelligently respond to individual consumer profiles.
“We made a promise to Dafabet to replace their back-end and immediately improve their business without any short term negative impacts during integration, and once again we delivered on our promises,” explains Steven Valentine, Director of Interactive. “Our vast experience and flexible approach with individual client needs makes us the first choice for operators looking to improve their platform technology.”
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Comtrade Gaming is a leading independent software supplier to the gaming industry, delivering open gaming platforms and professional services to both the online and land-based gaming sectors. Comtrade Gaming’s strengths are in the development of enterprise software solutions that are based on industry standards. The company’s product portfolio includes online gaming platforms, server-based gaming systems, live casinos, and solutions which enable regulators to monitor and control gaming activities.
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• Digital Gaming Innovation, Global Gaming Awards 2016
• Innovation in Sports Betting – Best Sports Betting Product, SBC Awards 2016
• Innovation, iGB Affiliate Awards 2017
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Nikkos J. Frangos, President & Founder of ArenaCube stated: “It is deeply satisfying that ArenaCube is getting this recognition from the industry. It reveals that our game has brought innovation that enhances the gaming experience and creates possibilities for both player and platform operator in ways never seen before.”
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