Innovative Technology celebrates 30 years

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Celebrating 30 years in business this year is Innovative Technology, the cash handling equipment manufacturer.


The comany was founded in 1992 by David Bellis in Oldham, UK, with the object of manufacturing cost-effective banknote validators, launching its NV1 in 1994. Its iconic Smiley bezel was born.

Bellis said this week: “Over the past 30 years, we have 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.

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“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 long-standing history, along with other accreditations from organisations such as The London Stock Exchange and Investors in People.

Its solutions that automate transactions and verify individuals are utilised in many industries including gaming, amusement, vending, retail and kiosk.

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.”

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