Triple joy for ITL

Date published: 28 June 2018

Innovative Technology Ltd (ITL), the leading cash handling equipment manufacturer, are celebrating three awards in the first half of 2018.

The Derker-based business has won the Queen’s Awards for Enterprise - the company’s 5th in its history, Made in the North West Award and Made in the UK Award.

All were received for growing export sales and successful international trade.  

Managing Director Peter Dunlop said: “This is a historic time for ITL, we are experiencing a sustained period of growth globally and are very proud of our success.

"The three awards this year have all been for export.

"Our global office network, large currency database and innovative product range are all responsible for our strong year-on-year growth and exports.” 

The Made in the UK Export award, following the regional heats, is given to the manufacturing company deemed to be the most outstanding exporter in terms of international presence, export growth, and exports as a proportion of sales within the qualifying period.

With strong year-on-year growth and exports accounting for 92 per cent of sales, Innovative Technology impressed the judges.  

Dunlop added: “We have invested resources into new key areas such as the USA and APAC and our philosophy of creating innovative cash handling solutions has allowed us to expand our product range into more complex note validators as well as coin and TITO solutions.

"We have grown our product range significantly in recent years and are seeing a real increase in exports across our portfolio, particularly our coin products.

"We have a large currency database (over 100 different currencies) and our free SMART Data programme makes it easy to adopt our products anywhere in the world as customers can update and customise datasets themselves remotely.

"We are only half-way through the year and have already received three important accolades.

"We look forward to the rest of 2018 being just as successful in terms of growing exports and international trade.”