Latest News

Astrid Mitchell

29 Aug. 2024

3 min read

A Perfect Storm for Mints

The news that the Mint of Finland is closing down will no doubt be cited by many as another grim reminder that cash is on the way out. Certainly, that was the reason given by the company when it announced that it is winding down and will cease operations next year.

Companies Free Free

Astrid Mitchell

1 Aug. 2024

2 min read

Interim Results – Encouraging Signs

This month we report on the interim results for two leaders in the currency sector – Orell Füssli Security Printing and Prosegur Cash.

Companies

Astrid Mitchell

1 Aug. 2024

3 min read

Authentix Buys Meta Materials’ Authentication Business

Texas-based security solutions provider Authentix has announced the completion of an asset purchase agreement for Nanotech Security Corporation (NCS), the security subsidiary of Meta Materials, which offers solutions for banknote authentication and brand protection. The purchase price for the assets is understood to be in the region of $10 million.

Companies

Astrid Mitchell

1 Aug. 2024

2 min read

New York Fed Plans New Cash Centre

The Federal Reserve Bank of New York has announced that it plans to transition its cash operations in East Rutherford, New Jersey to a new next-generation cash services centre within the Second District.

Companies

Astrid Mitchell

1 Aug. 2024

2 min read

Spectra Systems Reports Another Successful Year

Spectra Systems’ annual report, released at the end of June, showed revenues for 2023 increased by 3.4% to $20.28 million and operating profit, EDITDA (before stock compensation expenses) by 3.9% to $8.39 million.

Companies

Astrid Mitchell

1 Aug. 2024

2 min read

De La Rue Results in Line with Expectations

De La Rue has released a comprehensive set of full year results for FY2023/24. These results were in line with market expectations and its previous trading update.

Companies

Astrid Mitchell

3 July 2024

2 min read

RCM Among Canada’s Best Corporate Citizens – Again

The Royal Canadian Mint (RCM) has once again been ranked among Corporate Knights’ Best 50 Corporate Citizens in Canada. The ranking is based on 24 quantitative key performance indicators relating to resource management, employee management, financial management, clean revenue, clean investment and supplier performance.

Companies

Astrid Mitchell

3 July 2024

2 min read

‘BNSx’ Strives to Achieve Excellence at Koenig & Bauer

Koenig & Bauer, in its report on its first quarter results, gave further details of its Spotlight programme, launched earlier this year to prioritise initiatives and business models that boost earnings and financial strength, deprioritise initiatives that do not directly impact earnings and optimise the group and segment organisation as well as the indirect cost structure to make processes even leaner and more customer-friendly.

Companies

Astrid Mitchell

3 July 2024

3 min read

Enterprise Cash Management Limited Unveils ECM™ – Centralised Control

In June’s issue of Currency News™, we covered the rebirth of CPS and its new strategy. As part of this strategy, CPS has worked with its sister-company Enterprise Cash Management to develop ECM™ – Centralised Control.

Companies

Astrid Mitchell

3 July 2024

7 min read

Equinox: On the Cusp of Change

Koenig & Bauer Banknote Solutions (KBBNS) has run its ‘Equinox’ customer event in parallel with the DRUPA print conference and through into June. It has used the event to showcase what it does, to launch a number of new developments, particularly its AKTINA™ product, and to make the case for thinking about banknotes, and banknote printing differently.

Companies

Astrid Mitchell

3 June 2024

2 min read

Glory Bounces Back

Glory – the Japanese developer of cash handling, management and automation systems for the financial, retail, vending, transportation and gaming sectors – has reported an impressive increase in sales for 2023-24 and a return to profit, driven largely by a resurgence in the domestic market.

Companies

Astrid Mitchell

29 May 2024

2 min read

Future of Meta Materials in Doubt

The materials and nanotechnology specialist Meta Materials – which acquired the security features company Nanotech Security Corp in 2021 – has announced a workforce reduction of 80%. It is understood that most of the workforce of over 100 has already been let go.

Companies

Astrid Mitchell

29 May 2024

1 min read

Secure Innovation Launches Remote Planet

Secure Innovation Group, the global technology company specialising in cash protection and security solutions (formerly known as Spinnaker), has launched its latest brand – Remote Planet.

Companies

Astrid Mitchell

29 May 2024

5 min read

Stop Press – De La Rue for Sale?

As Currency News™ went to press, De La Rue provided a strategic update which states that a sale of one or both divisions could be on the cards. The Board is in discussions with a number of parties who have made proposals in relation to, or expressed interest in, either of the divisions – Authentication and Currency.

Companies

Astrid Mitchell

30 April 2024

2 min read

CBPM’s New Integrated Process and Packaging Line - Less Manual, More Intelligent

China Banknote Printing & Minting (CBPM) has developed and is now using a new integrated processing and packaging production line for post-press operations.

Companies

Astrid Mitchell

30 April 2024

2 min read

Record Year for G+D

Giesecke+Devrient (G+D) has announced that it achieved the strongest growth in its history in 2023, setting new records for sales, growth and earnings in line with its strategy as a leading global secure technology company to help to shape the digital transformation of society.

Companies

Astrid Mitchell

30 April 2024

3 min read

A New Force in Vietnam for Polymer Production

In recent years Vietnam has been a go-to country for many of the world players in the technology, automotive, and fashion industries. It is now stepping into a new field – polymer banknote substrates and security features.

Banknotes Companies Technology

Astrid Mitchell

2 April 2024

3 min read

BEP Pushes Ahead with Modernisation, Expansion and New Series

The Bureau of Engraving and Printing (BEP) has published its annual report for 2023 – the first under Acting Director Charlene E Williams, who was appointed to the position after the retirement of Len Olijar last July.

Companies

Astrid Mitchell

2 April 2024

2 min read

Crane to Acquire OpSec

Crane NXT, whose subsidiaries include Crane Currency, Crane Authentication and Crane Payment Innovations, has announced it has signed a definitive agreement with Investcorp Technology Partners to acquire the optical technologies and brand protection specialist OpSec Security for $270 million in cash, subject to customary adjustments.

Companies

Astrid Mitchell

2 April 2024

5 min read

A Positive Picture for Cash Companies in 2023 – Part 2

Last month, we covered the annual results of four of the major companies in the cash sector –Crane NXT, Loomis, NCR Atleos and Diebold Nixdorf. After the predicable challenges of the COVID years and their aftermath, 2023 was a good year for all.

Companies