openPR Logo
Press release

20 Years of Innovation

01-26-2012 07:43 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Innovative Technology

20 Years of Innovation

20 Years of Innovation

2012 – A year of celebration for Innovative Technology!

2012 will see the start of a year of celebration for Oldham based bank note validator manufacturer Innovative Technology Ltd (ITL) as they celebrate 20 years of Innovation!

Founded in 1992 by David Bellis MBE, Innovative Technology Ltd (ITL) was the first company to manufacture low cost multi-currency validators, when it introduced the NV1 Smiley® to the market - making banknote validators affordable to the AWP market.

20 years on, the company’s philosophy of proving exceptional value validation products still remains as the Company Ethos today. Investment in research, development and cutting edge innovation has allowed Innovative Technology to continue to provide exceptional value banknote validators - from the NV1, NV4 and more recently the popular NV9 USB to the new NV11 – Validator + Note Float. Launched late 2010 the NV11 creates a compact note payout solution to help alleviate the problem of coin starvation and keep machines operational. Innovative Technology prides itself on providing exceptional value, intelligent validation products with an industry-leading acceptance rate for multi-currency of typically 99.8%.

Significant investment in research & development has seen Innovative Technology build on their established bank note validator range over the past few years, and move into coin and note payout solutions for existing markets but also new markets such as Kiosk and Self Serve.

Innovative Technology will begin their 20-year celebrations at both London shows in January - ICE: Stand 4260 and EAG: Stand 154, where the complete bank note validator and payout solution ranges will be on display. The London shows this year will see the International launch of SMART Data! A new software based programme that allows Innovative Technology customers to alter, create or customise their own currency dataset files. Using SMART Data customers can add a new issue note to their existing dataset file or improve the performance of an existing dataset - for example collect notes with different wear patterns from the local area and incorporate into the dataset.

Marketing Executive, Dayna Patterson said “The London shows are a great way to start the year and the perfect platform on which to launch SMART Data. The process is simple. Data is created by customers inserting their own bank notes into their existing ITL bank note validator (connected to a Windows PC). The SMART Data application then sends this data to the Innovative Technology servers for processing, and a new dataset is returned, incorporating the collected data. This new dataset can then be added to ITL bank note validators in the field as usual. SMART Data allows new issue notes and notes with differing wear patterns to be quickly incorporated into currency dataset files.”

Marketing Executive, Dayna Paterson went on to say “January is always a busy, exciting month with the London shows and IMA, but 2012 more than ever has got off to a great start. This year sees us celebrate 20 Years of Innovation, launch our new programme SMART Data, enter into new markets with our bank note validators and payout solutions and begin a new recruitment campaign, with a dedicated recruitmnet website /careers to expand our team. ”

Innovative Technology have been manufacturing bank note validators since 1992 and are now a major player in the industry. Based in the UK Innovative Technology have worldwide offices and customers delivering automated cash handling solutions where ever there is a need.

Innovative Technology Ltd
Derker Street
Oldham
OL1 4EQ
England
Press Contact: Dayna Patterson

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 20 Years of Innovation here

News-ID: 208341 • Views:

More Releases for Data

HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data. Specialized components backed up by AI and
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “ The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to
Data Quality and Data Governance Solution Market - Demand For Cost-Effective Dat …
In the enterprise data management ecosystem, data quality is a broad term which refers to the quality, integrity, and consistency of data and/or process etc. Data quality also implies the degree of data accuracy and consistency. On the other hand, data governance focusses on the management of data assets by assigning authority, control, and responsibility of data and encompasses three key areas: people, process, and technology. Data quality and data governance