ITL signs trading partner agreement in Southeast Asia
A new trading partner agreement will help Innovative Technology continue its expansion in Southeast Asia.
Singapore.- Innovative Technology (Asia Pacific) Pty Ltd has secured a new trading Partner in Singapore, Southeast Asia.
Lionex Electronics (S) Pte Ltd, headquartered in Singapore, is one of the largest electronic component distributors in Southeast Asia, and a leading supplier for many leading brands. It also has a subsidiary company (AGM) who has offices in Jakarta, Indonesia.
Commenting on the partnership, Tony Morrison, Sales Director said: “We are pleased to welcome Lionex on board, our first Trading partner in Singapore. The group has dedicated resources and office locations in Singapore and Indonesia, so this will help open-up new regions and expand the distribution of our products across a vast area of Southeast Asia. Our focus initially with be the Indonesian market where AGM – their local brand – will promote and support our products from their Jakarta office.
“This partnership will provide high potential for long term growth in Vending, Retail, Banking and Kiosk sectors. To begin with they will focus on some of our core products such as BV20, CBA9, NV10, NV200 and SMART Payout – these products fit easily into this diverse entry level market. As our partnership grows it will be exciting to see products like the NV200 Spectral and our new Spectral Bunch Note Feeder (BNF) hit this market in the very near future.”
Speaking on behalf of Lionex Electronics, Madeline Lai said: “Founded in 1976, we are well-established and have resources across Asia, offering total solutions to our valued customers – including logistical systems, application support and technical services. We feel honoured to be associated with the Innovative Technology brand and we believe that the ITL range will bolster our core offering and further define our footprint into the smart sector. This is the first organisation who we have partnered with to provide cash validation products, so we are excited about including their state-of-the-art product range within our offerings. This partnership will help grow our potential in all the markets we serve, and we look forward to seeing this mutually beneficial agreement flourish.”
