GLORY LTD UNSP/ADR - GLYYY STOCK NEWS

Glory, a leader in cash technology solutions, has launched the CI-100X, a back-office cash recycling solution, as part of the CI-X range. This innovative product aims to enhance efficiency, security, and cost management in cash processing for retailers globally. The CI-100X automates cash processes, reducing staff handling of cash and minimizing errors. It integrates seamlessly with Glory's CI-SERVERX software for real-time cash management. Joseph Gnorski stated that this line addresses operational efficiency and staffing challenges faced by retailers, reinforcing Glory's commitment to advancing cash management solutions.

GLORY has introduced TellerConcierge, a new automated banking solution aimed at enhancing branch efficiency. This multi-transactional tool is designed to support financial institutions with limited resources, automating a range of transactions including those for small to mid-sized businesses, which traditional ATMs cannot handle. Its modular design allows branches to customize functionalities according to their needs, ensuring flexibility and scalability as branch strategies evolve. Chief Solutions Officer Toshimitsu Yoshinari emphasized that TellerConcierge lowers operating costs while improving customer engagement.

Glory announces the launch of the GLR-200, a new Teller Cash Recycler (TCR) designed to enhance banking services. This product follows the earlier release of the GLR-100 and aims to meet evolving customer needs in branch networks. The GLR series incorporates advanced features like IoT capabilities and cloud services, improving cash transaction processes. With over 100,000 units installed globally, Glory continues to lead in cash technology solutions, providing financial institutions with efficient and flexible service options.

Glory has launched the next generation of its CASHINFINITY™ cash recycling solutions, designed to streamline cash handling in retail. The new products, including the CI-10X point of sale cash recycler and CI-500X back-office solution, integrate seamlessly with POS software, enhancing efficiency and reducing cash shrinkage. The launch responds to global retail customer demands, improving cash security and operational processes. Additionally, these solutions now support previously unsupported currencies, expanding market reach into countries like Switzerland and Poland.

Glory has launched its GLR-100 Teller Cash Recycler (TCR), enhancing its offerings for retail financial institutions. This new self-auditing, cassette-based solution is designed for the evolving needs of bank branches, providing high-speed note counting and secure cash transportation. The GLR-100 integrates with Glory’s UBIQULAR cloud solutions for improved business intelligence and asset management. With over 100,000 TCRs installed globally, Glory holds a 56% share of the TCR market, showcasing its commitment to innovation and customer-focused solutions.

Glory, a leader in cash technology solutions, has announced its participation in the fundraising round for Clip Money Inc. (TSXV: CLIP), a fintech company based in Canada and the U.S. Clip Money simplifies cash deposits for businesses, providing a mobile app, secure deposit devices, and management software. This partnership aims to enhance deposit services, improve customer experience, and support financial institutions in their digital transformation. Financial terms of the investment were not disclosed.

Newcastle Building Society is launching a pilot initiative with GLORY and OneBanks Hub to restore access to cash in communities affected by bank branch closures. Over 4,000 branches have closed since 2015, impacting millions. The pilot will introduce multi-bank transaction terminals in Gosforth and Knaresborough, allowing customers from all major UK banks to deposit and withdraw cash. This partnership aims to support small businesses and individuals relying on cash, ensuring they can continue their banking activities locally.

Glory (TYO: 6457) announced a major order from The Henderson Group in Northern Ireland for over 140 CI-10 POS and 75 CI-100 back-office cash recycling solutions. This order significantly extends their existing partnership, aiming to improve cash management across more than 450 stores. Glory's technology aims to enhance customer experience by integrating cash and card payments, reducing cash handling stress for employees. Despite economic challenges, Henderson Group expresses confidence in Glory's solutions for continued growth.

Glory Global Solutions Inc. has announced its offer to acquire Revolution Retail Systems LLC, enhancing its position in cash technology solutions. The acquisition is subject to necessary clearances, promising to create the industry's largest portfolio of cash automation products. Chris T Reagan, President of Glory, emphasized that the merger will bring more value and innovation to customers. Mark Levenick, President & CEO of Revolution, noted the strategic alignment between the two companies, which will have a significant impact on operational efficiency and service improvement.