Cash-handling technology provider Innovative Technology showcased its new SMART Coin System at the FER Interazar in Madrid, Spain, last week.

ITL FER

Launched in February, the SMART Coin System validates, discriminates and stores mixed coins, eliminating coin starvation and the need for multiple hoppers.

It offers a hopper capacity of 1,500 €1 coins and a payout speed of up to 12 coins per second. The system’s bulk coin feeder is designed to reduce operator refill time and therefore operator collection costs.

Alongside the new SMART system, the company presented its full range and noted significant interest in its note recycling and ticketing products.

“The SMART Coin System has again drawn a lot of attention from operators and manufacturers who can see the significant performance and cost benefits it offers to their business,” said Mustapha Hadj-Ahmed, group sales director. “Our market leading, compact note validator and recycler, the NV11+, remains as popular as ever as more and more operators look to reduce machine downtime and improve overall cash efficiency.

“It was great to exhibit at FER Interazar and catch up with industry colleagues and new and existing customers. There is a real sense of optimism around at the moment with the continued growth of the Spanish market and our stand was busy from start to finish.”