2nd September 2015 

TfL awards cash equipment contract to SCAN COIN Limited

SCAN COIN Limited are pleased to announce that they have signed a contract with Transport for London (TfL) for the supply and service of coin and bank note recycling systems for use across the London Underground network.

The contract covers the supply of 273 systems to be deployed over the next 6 months across the Underground Station network and will assist staff in the processing, management and reconciliation of cash from the ticketing systems.

The contract has been awarded after extensive pilots of equipment and a rigorous commercial tender process. With a value of approximately £8.2 million, additional to the hardware to be supplied, the contract includes the real time monitoring of all devices and reporting of cash information. The contract also covers a 4 years, 24/7 on site service support arrangement.

SCAN COIN’s Sales Director, Steve Fitton, stated “We are delighted to be awarded this contract and to continue to be a partner with TfL and the Underground, a relationship that has been in place for over 25 years”. The equipment to be provided under the contract will consist of a mix of the latest versions of the SCAN COIN RCS400 and RCS800 coin recycling systems combined with the SDM500 and SDM504 bank note deposit and recycling modules.

Background: About SCAN COIN: Founded in 1966, SCAN COIN is one of today’s leading suppliers of cash processing equipment, system solutions and services. Its worldwide customer base is served through a network of SCAN COIN companies and distribution partners covering more than 100 countries. SCAN COIN develops, manufactures and markets equipment and integrated solutions for handling bank notes and coins, and has become a world leader in the automated cash processing market. The company employs approximately 420 people in 14 countries globally. SCAN COIN is a part of the SUZOHAPP group of companies. More information is available at www.scancoin.com

About SUZOHAPP: SUZOHAPP provides highly engineered component solutions for interactive self-service hardware to the global amusement, gaming, industrial, transportation and vending markets by serving both equipment operators and original equipment manufacturers. SUZOHAPP’s solutions include control devices and systems, currency handling equipment, display solutions, environmental products, machine operation components and payment systems. With approximately 1,100 global employees in 19 countries serving more than 25,000 customers worldwide, SUZOHAPP has manufacturing, engineering, distribution and service facilities in 19 countries globally. More information is available at www.suzohapp.com SUZOHAPP is owned by affiliates of ACON Investments, L.L.C., a Washington, D.C.- based private equity investment firm that has managed over $3.5 billion of capital. For more information, visit www.aconinvestments.com.

Contacts for further information: Nicola Speak, Marketing, SCAN COIN Limited, nspeak@scancoin.co.uk Steve Fitton, Sales Director, SCAN COIN Limited, sfitton@scancoin.co.uk