Innovative Technology Ltd. (ITL), the award-winning provider of cash handling equipment and AI-powered biometric solutions, is celebrating 30 years in business this year.
Founded in 1992 by David Bellis MBE, the Oldham-based firm was created with the aim to design and manufacture cost effective banknote validation equipment. In 1994 the company launched its first product, the NV1, and their iconic Smiley bezel was born. Following on from their successful development of affordable banknote validators, they expanded their product range and grew on an international scale.
Commenting on the company’s milestone, founder and chairman David Bellis MBE said: “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 received five Queen’s Awards during its history, along with other accreditations from organisations such as The London Stock Exchange and Investors in People. Its solutions which automate transactions and verify individuals are utilised in many industries including gaming, amusement, vending, 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 said: “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.”