De La Rue Cash Systems announced orders for its ATM cash dispensing engines totalling over GBP 8 million in the USA, France and Brazil.
Around 8,000 of its single denomination dispensers, worth GBP 5.4 million will be shipped to the USA during the first half of 1999. This makes De La Rue the leading OEM supplier of dispensing mechanisms to the country’s fast growing retail mini-ATM market.
In Brazil, a new GBP 2.1 million contract with Itautec, Brazil’s leading ATM manufacturer, has consolidated the company’s existing business with new orders for more than 1,000 cash dispensing units destined for Banco Itau, one of Brazil’s largest banks.
And, De La Rue Cash Systems’ focus on building long-term relationships with OEM customers has led to a new GBP 1 million order with the leading ATM manufacturer in France, supplying the largest commercial banks in the country.
De La Rue Cash Systems’ marketing director David Young, comments: “De La Rue installed the UK’s first Automatic Cash Dispenser more than 30 years ago in London. Today, one in five of all ATMs contain a De La Rue cash dispensing engine”.
“As the world’s leading supplier of cash automation solutions, our products range from cash management and forecasting software which ensure ATMs always contain the correct amount of cash, and very high speed banknote processing machines which sort cash into the right condition, to a range of counting, dispensing and recycling systems for notes and coins”.
“Our single denomination dispenser is an example of an innovation which has changed the whole face of this market, making cash dispensers as common in convenience stores, pubs and gas stations as in the traditional bank branch location. The mechanism has become the de-facto standard for secure, reliable low-cost retail ATM applications”
In 1999 De La Rue’s OEM business will focus on developing its multi-media dispensing mechanisms for mature self-service markets which need products that dispense more than just cash. The demanding Japanese market will be a major target.Details