Conversion from CATProduct to PLY is not supported yet :(
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CATProduct
The CATProduct file format is associated with CATIA V5 assembly format and is used to simulate industrial design processes.
Unlike CATPart files, CATProduct does not contain any geometric information, only model parts, and assembly structure information. Nevertheless, single CATPart files can be generated from CATProduct assembly.
The CATPart extension is compatible with Autodesk Inventor / Fusion 360, and Okino Computer PolyTrans software.
PLY
PLY is a computer file format known as the Polygon File Format or the Stanford Triangle Format. It was designed to store three-dimensional data from 3D scanners. The data storage format supports a relatively simple description of a single object as a list of nominally flat polygons.
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