Innovative Technology Ltd. (ITL), the award-winning supplier of money dealing with apparatus and AI-powered biometric answers, is celebrating 30 years in industry this 12 months. 

Founded in 1992 by way of David Bellis MBE, the Oldham-based company was once created with the purpose to design and manufacture value efficient banknote validation apparatus. In 1994 the corporate introduced its first product, the NV1, and their iconic Smiley bezel was once born. Following on from their a hit building of inexpensive banknote validators, they expanded their product vary and grew on a world scale. 

Commenting at the corporate’s milestone, founder and chairman David Bellis MBE mentioned: “Over the past 30 years, ITL has flourished, and we have established ourselves as a leading provider of cash handling equipment enabling customers to automate cash payments throughout the world; manufacturing multi-coin hoppers, banknote validators and recyclers that handle millions of transactions every day. This desire to continually innovate has led to the development of our biometric solutions division which allows customers to easily add age estimation and access control functionality to existing equipment or premises. We now have over 350 staff and numerous office locations worldwide plus a global network of Trading Partners – not a bad result from humble beginnings working out of my conservatory!” 

Innovative Technology has won 5 Queen’s Awards throughout its historical past, in conjunction with different accreditations from organisations reminiscent of The London Stock Exchange and Investors in People. Its answers which automate transactions and examine persons are utilised in lots of industries together with gaming, amusement, merchandising, retail and kiosk. 

ITL’s Group managing director, Peter Dunlop commented: “We have invested heavily in research and development to ensure we can serve customers from a multitude of vertical sectors to deliver products they need and want. This investment in innovation along with the help of our loyal customer base, and committed employees are the foundation of our success and keep us at the forefront of our industry.” 

Concluding Peter mentioned: “Our future is prosperous and with our expanding presence in the retail sector and our new classification of biometric products, we are excited about the future ahead.”