Scotland’s First Minister, Nicola Sturgeon, has praised KAL’s contribution to the growing Scottish influence on global innovation.
The comments came in the article “Scotland’s innovation can reap rewards” following her attendance at a Scottish business showcase in Beijing at the end of July. At the event, KAL signed a partnership agreement with JustTide, the Chinese OEM supplier, to manufacture KAL’s Retail Teller Machine (RTM) for the worldwide market.
Highlighting KAL’s contribution, the First Minister said: “In each of the cities I visited – Beijing, Shanghai and Hong Kong – I saw Scottish companies matching their innovative products and offerings with the huge opportunities offered to us by an economy the size of China. Just a small corner of that market could transform the fortunes of Scottish businesses.
“The 50 companies involved in this trip showed Scotland at our creative best. With KAL, we had the world’s leading ATM software company launching its Retail Teller Machine to the Chinese market and signing a partnership agreement with JustTide, the Chinese OEM supplier, to manufacture RTMs for the worldwide market. Scotland is building the world’s bank.”
The event saw eight Scottish firms sign deals with Chinese partners, generating more than £40 million to the Scottish economy and creating at least 70 jobs.