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SOFTWARE (NON-INTERNET/MOBILE) | Scientific, Engineering Software
safetechnology.com

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Stage

Acquired | Acquired

About Safe Technology

Safe Technology develops and sells fe-safe, a provider in fatigue analysis software for finite element models. fe-safe is used by the world's leading companies in the automotive, truck, off-highway, marine, military, off-shore, power generation, wind energy, medical engineering and many other industries. fe-safe analyses metals and composites, thermo-mechanical and creep-fatigue, and welded joints, and was the first commercially available fatigue analysis software to focus on modern multiaxial strain based fatigue methods.

Safe Technology Headquarter Location

Willis House Peel Street

Sheffield, England, S10 2PQ,

United Kingdom

+44 (0)114 268 6444

Latest Safe Technology News

CVS Health Installs Time Delay Safe Technology In All Illinois Locations

Dec 1, 2021

12/1/2021 7:30 AM ET CVS Health said it has installed time delay safe technology in all 392 Illinois CVS Pharmacy locations, including those in Target stores, to help reduce organized retail crime. The installation of new safes for controlled substances are anticipated to help prevent pharmacy robberies. There is also potential for associated diversion of controlled substance medications, including opioid medications such as oxycodone and hydrocodone. The new technology electronically delays the time it takes for pharmacy employees to open the safe. The rollout of time delay safes is in support of Illinois Attorney General Kwame Raoul's new Organized Retail Crime or ORC Task Force, which was established earlier this year. Raoul said, "Opioid addiction has destroyed lives throughout Illinois, and tools that prevent addictive medications from being stolen from pharmacies support our work to combat the opioid epidemic and organized retail crime." In the state, retailers, online marketplaces, law enforcement agencies and state attorneys general are cooperating in the task force to target organized retail crime enterprises. According to the company, such partnership has helped to investigate and close a dozen ORC cases in Illinois this year alone, recovering millions of dollars in stolen product and identifying the sources of more than $45 million in losses to retailers statewide. CVS Health, which first implemented time delay safe technology in 2015 in Pharmacy locations across Indianapolis, recorded a 70 percent decline in pharmacy robberies in those stores. Since then, the company has introduced time delay safes across 20 states, including Illinois, and the District of Columbia, resulting in a 50 percent decline in robberies at CVS pharmacies in those local communities. All CVS Pharmacy locations in Illinois display visible signage warning that time delay safes are in use to prevent on-demand access to controlled substance narcotics. In Illinois, the company has installed 134 drug disposal units in select CVS Pharmacy locations and donated 38 units to local police departments through its Safe Medication Disposal Program. For comments and feedback contact: editorial@rttnews.com

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Safe Technology Patents

Safe Technology has filed 6 patents.

The 3 most popular patent topics include:

  • Mains power connectors
  • Electrical engineering
  • Glass compositions
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/27/2018

4/14/2020

Safety equipment, Power tool manufacturers, Mains power connectors, Electrical engineering, Occupational safety and health

Grant

Application Date

4/27/2018

Grant Date

4/14/2020

Title

Related Topics

Safety equipment, Power tool manufacturers, Mains power connectors, Electrical engineering, Occupational safety and health

Status

Grant

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