Tidel Strikes Deal with Loomis

Tidel Engineering, a leader in cash Management systems and robbery prevention products, announced an exclusive agreement for Loomis Armored to deploy Tidel’s leading edge Sentinel electronic cash management systems for its SafePoint product line in the U.S. market.

While Loomis will continue to provide service for SafePoint legacy customers with installed equipment from different manufacturers, Loomis will retain exclusive rights as the sole CIT company to deploy Tidel’s Sentinel electronic cash management safe in the U.S. market. Tidel will also continue to provide service for Sentinel legacy customers with CIT services provided by other companies.

Retailers who have deployed Sentinel systems and SafePoint report immediate ROI, citing stronger security, reduced cash handling costs and improved operating efficiencies In 2008, Loomis added expedited deposit credit services to the SafePoint product line through its partnership with over a dozen participating bank partners.

This capability is enabled through the use of the proprietary Loomis CPR (Cash Position Report) web-based cash reporting tool. With this feature, SafePoint customers can gain access to their funds much more rapidly than with traditional secure cash transport services. Retailers are able to earn credit for their cash before it exits the physical location.

“The combination of Loomis and Tidel represent the largest geographic coverage and the most advanced hardware and software solutions available,” said Mark K. Levenick, CEO of Tidel Engineering, L.P. “This partnership will add significant value to SafePoint customers.”

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