Loomis and Gunnebo to launch new SafePoint® Titan Z smart safe

By Nikita Chaurasia  | Date: 2020-01-02

Loomis and Gunnebo to launch new SafePoint® Titan Z smart safe

Loomis, a Sweden based cash handling firm, has reportedly announced plans to unveil its new SafePoint® Titan Z smart safe between January 12-14, 2020, at NRF 2020 Retail’s Big Show and Expo. being held in New York.

The SafePoint Titan Z is designed to suit small scale businesses and can bring in secure, efficient and reliable cash processing benefits.

Loomis by joining hands with Gunnebo, a global leader in smart cash management solutions, will expand their already market-leading SafePoint ecosystem to further strengthen their leadership position in the sector of cash automation.

Moises Gonzalez, VP of SafePoint, Loomis, reportedly stated that the company had seen a need in the U.S. market for a cost-effective, compact cash handling solution specifically designed for businesses with low cash volumes.

Gonzalez further stated that this partnership will meet that need by offering customers with a top-quality smart safe unit which is assisted by an innovative software platform.

John Stroia, VP, Gunnebo North America, reportedly stated that the development of the Titan Z involved a close collaboration effort with Loomis. The product has been customized and designed for the company’s unique suite of solutions, closely working to combine the software with the core system of Loomis to improve not just their hardware but also the user experience altogether and subsequently offer a solution unlike anything one could find in the marketplace.

About Loomis:

Loomis has one of the largest integrated cash distribution network, with around 400 branches in about 20 countries and employs approximately 24,000 people. The company recorded a revenue of SEK 17.2 billion in 2017. The company provides effective and safe comprehensive solutions for handling, storage, distribution and recycling of cash as well as other valuables. Their customers include retailers, banks and other operators.

About Gunnebo:

The Gunnebo Group is a renowned leader in security services, products and software with mainly focusing on cash management, entrance control and safe storage. The company has locations in over 25 countries with more than 4,500 expert employees, it also specializes in efficient and robust security solutions.
 

Source credit: https://finance.yahoo.com/news/loomis-launches-most-compact-smart-160000092.html?guccounter=1

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Russia denies plans of blocking YouTube & cutting off from the internet

Russia denies plans of blocking YouTube & cutting off from the internet

By Nikita Chaurasia

The Digital Development Minister of Russia has reportedly stated that the country is not planning to block Google’s video streaming platform YouTube as such a move would affect its users and will therefore be avoided.  It is worth notin...

Indian food delivery giant Swiggy to buy Dineout from Times Internet

Indian food delivery giant Swiggy to buy Dineout from Times Internet

By Nikita Chaurasia

Swiggy, an Indian food delivery giant, has recently announced an agreement with Times Internet to buy Dineout, a dining and restaurant technology platform. Swiggy will use the acquisition to enter the dining out (non-delivery) market, where it will c...

Grocery delivery platform Instacart files for U.S. stock market debut

Grocery delivery platform Instacart files for U.S. stock market debut

By Nikita Chaurasia

Instacart, a grocery delivery service, has announced that it has submitted a provisional registration statement with the Securities and Exchange Commission (SEC), clearing the way for the company to list its shares on the U.S. stock exchange. The ...

Tyson Foods improves annual sales outlook as meat prices surge in U.S.

Tyson Foods improves annual sales outlook as meat prices surge in U.S.

By Nikita Chaurasia

American food major Tyson Foods Inc. has reportedly improved its full-year sales outlook after witnessing better-than-expected earnings and revenue in the last quarter. The company raised its full-year sales to around USD 54 billion, above the averag...

EU likely to enforce new rules to regulate tech giants in spring 2023

EU likely to enforce new rules to regulate tech giants in spring 2023

By Nikita Chaurasia

The Executive Vice President of the European Commission Margrethe Vestager reportedly claimed that the union is likely to start enforcing the Digital Markets Act (DMA) in the spring of 2023. The antitrust legislation, which aims to limit the power of...