Godrej Safety Options (GSS) has launched “Money Sterion”, a product based mostly on Plasma Ion Expertise (PIT), to assist banks sterilise foreign money notes at the same time as they get counted on the notice counting machines at branches and foreign money chests.
GSS, a division of Godrej & Boyce Manufacturing Firm, has entered into an unique tie-up with Korea’s SMI to introduce this product in India, based on Pushkar Gokhale, Head of B2B & Vice President.
“Banks being on the forefront of money transactions, the tellers are extremely uncovered to the COVID-19 virus. So, we got here up with an answer which is predicated on the Plasma Ion Expertise (patented by Sharp, Japan). This is likely one of the handiest methods of neutralising the pathogen,” stated Gokhale.
He noticed that bankers wished the answer to work on an actual time foundation, not impacting the time taken for transactions.
“So, we now have been capable of launch for the primary time a product based mostly on this specific know-how, which sanitises/ sterilises the foreign money notes at the same time as it’s being counted. It (Sterion) is definitely an enclosure. So, if you wish to sterilise the money, you possibly can put the money counting machine inside this enclosure,” stated Gokhale.
A number of functions
Moreover banks, ‘Money Sterion’ can be utilized by a number of companies — jewelry outlets, courier companies and cash-in-transit (CIT) firms.
“Jewelry is one thing which individuals wish to check out. So, there’s a chance of the virus spreading. This product will guarantee sterilisation of jewelry in just a few seconds in order that the following buyer can put on it,” Gokhale stated.
The product will also be utilized by third celebration service suppliers (CIT firms) who fill money within the ATMs.
Gokhale emphasised that if money is sterilised at supply (the purpose at which CIT firms fill the cassettes with money for replenishing the ATMs), the money popping out of the ATM shall be comparatively free from the virus.
The beginning worth of the product is ₹95,000 and goes as much as ₹2 lakh, relying on the dimensions, options and equipment, he added.
GSS expects to clock about ₹30 crore of income from this money sterilisation product within the subsequent one to one-and-a-half years.