May 14, 2015 Newsdesk Industry Talk, Latest News, Philippines, Top of the deck  
Innovative Technology Ltd, a global cash handling equipment provider, has announced a new partnership with Philippines-based Jade Entertainment and Gaming Technologies Inc. The companies aim to extend their activities “across the Asia Pacific region, particularly in the rapidly growing Philippines market,” they said in a statement.
U.K-based Innovative Technology is a provider of cash handling technology to the gaming, amusement, vending, retail and kiosk industries. Jade, based in Manila, is a distributor of gaming machines in the Asia Pacific region, working with some of the world’s leading manufacturers.
Innovative Technology said the partnership with Jade would support growth in the Asia Pacific region and “provide customers with quality, local support”.
The new partnership follows the recent opening of Innovative Technology’s Australia office, which the cash handling specialist says is part of its effort to engage with more gaming operators and manufacturers in the Asia Pacific region.
“Over the past few years we have been growing our presence in the region and the rapidly growing market in the Philippines is exciting for us,” said Marcus Tiedt (pictured right), sales director at Innovative Technology.
“Working with Jade will ensure that we can provide our customers across the Philippines with the high quality service they expect,” he added.
Joe Pisano (pictured left), chief executive of Jade, said the range of products from Innovative Technology “are ideal” for the market in the Philippines.
“We’re impressed by Innovative Technology’s products and are delighted to be working with them to help operators reduce their operational costs and improve their customers’ experience,” Mr Pisano said.
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DS Kim, Mufan Shi and Selina Li
Analysts at JP Morgan Securities