June 2004

Set up in 2002, Cromasa IE offers innovative systems for the electronic identification of animals for slaughter and pets.

In the current financial year the company has registered between six and eight patents based on its R&D.
It provides an integrated response to the management needs of any type of livestock farm.

Sodena (28.78%) and Start Up Capital Navarra (20.56%) have both strengthened the project by Cromasa Identificación Electrónica, S.A., located on the Berrianz industrial estate in Berriozar (near Pamplona), which is now in the launch phase. Set up in March 2002, its partners are mainly engineers who are specialists in the fields of telecommunications and software engineering

The company, with innovative systems and a clear R&D component, works on the design, assembly and distribution of elements for the individualised electronic identification of animals for slaughter and pets, to improve food traceability and contribute to the efficient management of livestock farms. It also works on the creation of software and the design of installations and management systems for the identified animals.

At present, Cromasa IE, an organisation focused on the development of its own technology, is one of the Spanish companies that best responds to needs related to electronic identification in the livestock sector. This activity has seen a considerable increase due to EU requirements on the identification of animals.

In its investment plan for the current year (650,000 euros), which will be financed through the extension of capital subscribed by Sodena and Start Up, we would highlight two laboratories (one for quality control and the other for R&D), which, together with a laser marking system, represent almost 65% of the total cost. Thanks to a strong technological and research culture between six and eight patents will be registered this year.

The company also produces computer and electronic systems to attend to the management needs of entities in the food sector, mainly: farms, abattoirs, cutting plants, drying rooms for ham open livestock farms, designations of origin, etc.

This facet of its activity enables Cromasa IE to provide a comprehensive response to the management needs of any type of livestock rearing facility. The company develops automated systems for farm management, e.g. automatic feeding troughs that dose the feed when the animal approaches, on the basis ofparameters established for each animal.

This new company was born as a result of the evolution of the companies Insprovet, S.L. and Crotales Marcados, S.A.(Cromasa), Navarre-based companies that distributed veterinary instruments and livestock material since 1992, together with their own plastic tags for the visual identification of animals. In Spain they have 1,200 customers and three thousand references, being able to deliver orders in 24 hours. Some of their sales will be in the international market, exporting to countries such as Egypt, Saudi Arabia, Germany, Portugal, Brazil, Ecuador and Venezuela.