Rising Unemployment and Precious Metal Prices Are Driving Catalytic Converter Theft
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PHOENIX--According to the FBI’s Uniform Crime Report, in 2007 there were nearly 600,000 vehicle accessory thefts in the U.S., and since scrap metal recyclers began paying up to $300 cash per automobile catalytic converter, that statistic has certainly grown.
Truck and SUV owners across the U.S. have become victims of catalytic converter theft since 2006, when the rise in global commodity prices made automobile catalytic converters, which filter exhaust fumes using precious metals such as platinum, the target of a new type of vehicle accessory crime.
Replacing a catalytic converter can cost several thousands of dollars and take up to several days; meanwhile, the vehicle is rendered inoperable and illegal to drive, causing victims a tremendous inconvenience.
The Catlock™, as featured in the Arizona Republic newspaper, is a new catalytic converter anti-theft device that is:
- Engineered using steel plates that wrap securely around the catalytic converter
- Locked to the vehicle’s frame using a thick, aircraft-quality steel cable
- Easy-to-install, screws on in about 10 minutes with no special tools
- Fully adjustable to fit 99% of catalytic converters, particularly universal replacement models
- Powder-coated for protection against rust and the elements
- Harmless to the vehicle’s operation and will not trap or produce heat
- A strong visual deterrent to thieves
- Supported by a money-back guarantee
The Catlock™ will give truck and SUV owners peace of mind knowing their catalytic converters are underneath their vehicles and not in the hands of thieves.
For more information including photos and pricing, visit www.cat-lock.com.
About Monat Technologies:
Monat Technologies is a Phoenix, Arizona based start-up, established in 2008 after its founder’s catalytic converter was stolen.
