Major Order from India for CPS

Cash Processing Solutions (CPS) has announced a multimillion-pound contract to supply Single Note Inspection Systems to the Security Printing and Minting Corporation of India Ltd (SPMCIL).

The contract was won through a competitive tender process, with the CPS being selected to design, manufacture, test, supply, install and commission four CPS 9000™ Single Note Inspection Systems during 2022.

The CPS 9000 Single Note Inspection System was developed to meet the demanding needs of banknote printing works, enabling banknotes produced to meet the defined quality standard.

It processes banknotes at speeds of 2,400 per minute. Banknotes that meet the defined quality standard are strapped into packets and optionally bundled, labelled and wrapped. Banknotes that have failed to meet the inspection criteria are securely destroyed by the fully integrated on-line shredder or stacked for review and off-line destruction.

Key to the operation of the system is state-of-the-art camera and sensor systems to inspect every banknote. The Banknote Quality Inspection System (BQIS™) examines quality in every element of the banknote and at every level of feature recognition to detect any banknote that doesn’t meet the defined specification, whilst the Banknote Management Information System (BMIS™) allows operators to pinpoint the batch, bundle and even packet that a banknote can be found in.

‘Securing this business is a significant endorsement of CPS’s capabilities in the area of Single Note Inspection and the 9000™ machine itself, it is also a major step in our strategy to grow CPS’s presence in this market’, commented Barrie Foley, CEO of CPS. ‘As end of line inspection becomes the standard in the banknote production process, CPS is well positioned to support both commercial and state printworks with highly productive and accurate systems as well as the long-term support required.’