CPS Returns, Launches Green Strategy

Just over a year ago, CPS announced that it was exiting the market for high-speed banknote sorting systems and pivoting to software and services (see CN January 2023). It then went very quiet but was back in force at the Banknote Conference in Fort Worth earlier this month, unveiling its new strategy for sustainability, flexibility and digitisation for the banknote fitness sorting and authentication sector.

CPS Managing Director Shawn Ashdown (left) and Head of Engineering David Hawkins (right) with the latest V-series compact high speed sorter.

According to the company, following a review of the negative carbon effects of manufacturing large high-speed machines, it made a conscious decision not to produce such machines for the sector – leaving that field to the main supplier, G+D – and instead offer customers a more sustainable solution. High investment, low margins and increasing commoditisation were also factors in its decision.

However, it recognises that large banknote inspection machines will still be needed due to the additional and extensive technical requirementl continue to produce Single Notes of banknote production. So it will Inspection (SNI) machines – albeit in the Indian state of Maharashtra via a joint venture with Stardust and its ‘Make in India Partner’ Pigments & Allieds, having closed its manufacturing operations in Texas and the UK.