Intelligent Safe Technologies

Year partnered with Savant: 2017
Sector: Advanced Manufacturing
Industry: Security
Product: Smart safe systems
Market Size: (Local) ZAR 150 million (Global) USD 6.9 billion
Differentiation: Integrated controller, Inventory management
Investment Stage: Seed
Stage: Technology development and early market entry.
Founding Team: Gavin Delcie

About Intelligent Safe Technologies

Intelligent Safe Technologies is a specialised engineering firm focusing on designing, developing and manufacturing technologically advanced security management systems for retail operations, hospitals and government organisations. The team’s strength lies in the diverse, elevated level of expertise of its principals.

Intelligent Safe Technologies has designed and built a pre-production prototype, the nine-compartment IS-901 Intelligent Safe™, which has been trialled. Lessons learned have been incorporated into the final IS-1001, IS-1501 and IS-2001 Intelligent Safes™, which have ten, fifteen and twenty compartments respectively. The safes are designed to integrate with existing security measures and provide added security measures as well as digitised stock control.

Value Proposition

Many retailers with high-value, off-the-shelf merchandise face the threat of on-premises robberies. Majority of stock is stored at the back of the store in a safe or vault out of view of customers. Criminals often break into the front of the store and remove the merchandise that is customer-facing, or make their way to the back of the facility and forcibly remove stock. In either event retailers experience traumatised staff (loss of productivity), dented bottom lines (loss of sales, customers and suboptimal operations) and higher insurance premiums (increased risk profiles after claiming). Unlike incumbent solutions, the Intelligent Safes, coupled with a specifi c insurance product, suffi ciently deter burglars from removing as much high-value merchandise as they can, resulting in a minimal loss of stock as well as a reduction in suboptimal operations and lower insurance premiums. The units also address limited storage space and typically high rental costs per square metre, as retailers do not always have multiple storage rooms or the capacity to install multiple security units at the back of their store.

Team

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