Super Armário, an innovative product developed by the startup Cata Company, destroys 40% of the stored banknotes and can be monitored remotely.
Cata Company, a technology company from Florianópolis (SC), will launch a groundbreaking piece of equipment for cash protection at the largest security fair in Latin America, EXPOSEC (May 23-25). The Super Cabinet, as it's called, is the company's major bet to definitively curb intrusions into the custody facilities of cash transport companies, banks, treasury rooms, and armored trucks. Initially marketed to the Brazilian market, the company also intends to export the product to other countries, mainly the United States, where it already has a sales office.
The equipment was developed to guarantee the complete security of the money and the protection of employees of transport companies and banks, who have been suffering from constant attacks. The violence of the robberies terrorizes Brazil, especially the interior of São Paulo. From November 2015 to September 2016, for example, at least five major robberies of cash transport companies were recorded in the cities of Campinas, Santos, Ribeirão Preto, and Santo André. In total, approximately R$160 million was stolen in these cities, in Bahia and Pará, and at least five people died.
The project, compliant with global security standards, consists of a Power and Control Module (MEC) and Banknote Destroyer Modules (MDC). One of the equipment's main innovations allows banknotes to have 40% of their faces destroyed when the device is activated, preventing their use and guaranteeing the custodian reimbursement of their value. “We are already negotiating with major cash-in-transit companies and will continue investing in more innovation in the financial and security sectors,” says Victor Levy, founder and CEO of the company, which already has 14 patent, trademark, design, and industrial property applications and registrations, both nationally and internationally.
Export
In addition to the CataTech product line, which develops the Super Locker, the company has two other lines focused on the retail and financial markets. The first product marketed was CataMoeda, which has already exchanged more than 150 million coins for banknotes, donations, shopping vouchers, and mobile phone top-ups, and is integrated into more than 130 retail chains in over 350 locations across 22 Brazilian states, the United States, Australia, and Asia. There is also the line of high-tech smart safes, called CataCash, sold in Brazil, the United States, Mexico, Argentina, Peru, and Paraguay. The more compact "One" model caters to small and medium-sized retailers, while the "Mille," launched in the first half of this year, is a high-performance safe with greater storage capacity.
Investment
In March, Cata Company received a new investment of R$5 million from the Sul Inovação Fund, managed by Bzplan. The investment will be used for the development of new products, expansion of the team (especially in R&D, sales and technical support) and international expansion of the company. Since October 2016, the company has had a business unit in Florida, United States, where it markets CataCash and CataCoin products. Levy expects to have a turnover of R$41 million next year, with R$151 million of the profits in 2017 expected to come from exports.
About Cata Company
Based in Florianópolis (SC) and with a new business unit in Pompano Beach (Florida, USA), Cata Company is a technology company that develops innovative solutions for the retail and financial markets. Among its products are CataMoeda, the Control Panel (a transaction management and monitoring tool), and the CataCash One and CataCash Mille smart safes, as well as a line of back-office equipment for dealerships and transportation companies, and a new advertising platform for trade marketing. In 2017, the company received another investment of R$5 million from the investment fund manager Bzplan and launched two more products: the CataCash Mille, a new smart safe, and the Super Armário, a technology focused on protecting cash.
Source: Intelog
Date: 17/05/2017
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