International edition
September 20, 2021

New models designed for amusement and vending markets launched

ITL finishes year of restructure

(UK).- 2007 has seen Innovative Technology Ltd (ITL) embark on an ambitious reorganisation of its manufacturing sites, making significant changes to the Group Board and invest in additional resource to grow the capability of the Research and Development department.


n May 2007, Aidan Towey was promoted to Managing Director responsible for the global Innovative Technology Group with R D Bellis, ITL founder, continuing as Chairman. During his 12 years with ITL, Towey has made an outstanding contribution to the success of the business and his ambitious plans for the coming years with an aim to take ITL to world leader status.

“Over the next 3 years I would like to see ITL become the number one manufacturer of bank note validators in the world, to do this we are increasing our range of products three-fold. We have doubled our development and research teams and created a new support team for both customers and manufacturing ” said Aidan Towey, Managing Director.

Mustapha Hadj-Ahmed has been with ITL for 11 years, initially responsible for the company's Spanish office, with current full responsibility for both sales and manufacturing in South America. He has made a significant contribution to the complexities of transferring production to our facility in Brazil and remains focussed in this complex and challenging environment.

It has been a challenging year for the Board as the company shift production to a third-party manufacturing site in China, retaining just product test capability and final assembly work at our factory and Head Office in Oldham, UK.

After joining ITL late 1996 as a newly qualified Electronics Graduate, Peter Dunlop fast tracked his career to become Development Director in 2005. His 60-strong multi-talented team span the globe and Peter's extensive responsibilities include research, design and technical support for the Group.

On the other hand, Marcus Tiedt was the company's first employee in Germany 9 years ago and he very quickly established an important office for the Group based in Pinneberg, a short drive from Hamburg. He was instrumental in growing its German and Eastern European customer base and 2007 saw him promoted to Sales Director responsible for Sales and Marketing across the European and Australasian markets.

Alun Evans joined ITL in September 2007 as Financial Director; a qualified chartered accountant Evand joined the company from outside of the industry with considerable experience in finding opportunities to grow SME businesses.

Autumn 2007 sees the launch of models BV20 and BV100 designed for amusement and vending markets and the AWP market for the BV100. The BV100 now has a lockable stacker and both models possess a range of new features including SPF technology and anti-strimming devices.

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