Periodic Reporting for period 2 - IntelServBus (Intelligent Hydraulic Systems Enabling Service Business in Heavy Transport)
Periodo di rendicontazione: 2016-09-01 al 2017-08-31
The project transforms manufacturing driven SME supplying components to heavy transport and mobile machinery industry to an innovation driven SME gaining significant new turnover from value added services.
Hydraulic power systems are essential technology in several fields such as transport and machinery due to their unsurpassed power density. There is a trend towards subcontracting the components among the vehicle and machinery manufacturers with strategic and long-term subcontracting relationships. Still, there is a 25% per year increase in the imports of hydraulic cylinders alone to EU.
Hydroline Ltd. is a family owned SME that has been successful in its business providing hydraulic components for mobile machinery but it's looking forward to take the next step in business development. The success of the company so far has been based on design and manufacturing prowess, close customer relations and continuous company development. Intensifying these strengths will stave off the price pressure at low-end market segment caused by non-EU competition. However, maintaining the growth path of the company will require generating and developing new opportunities. That requires development of proprietary technologies and IPR, products based on those, and even closer relationship with the customers.
The objectives of the proposal comprise of product development based on Hydroline’s filed patents and pre-patent innovations. In particular, the product development activities are development of
1. intelligent, networked hydraulic cylinder to be used in system components.
2. integrated preventive maintenance system enabling value added services sales.
3. novel suspension kit based on the intelligent cylinder.
and refinement of
4. innovation for energy harvesting.
5. innovation for local pressure increase in an actuator.
Hydraulic power systems are essential technology in several fields such as transport and machinery due to their unsurpassed power density. There is a trend towards subcontracting the components among the vehicle and machinery manufacturers with strategic and long-term subcontracting relationships. Still, there is a 25% per year increase in the imports of hydraulic cylinders alone to EU.
Hydroline Ltd. is a family owned SME that has been successful in its business providing hydraulic components for mobile machinery but it's looking forward to take the next step in business development. The success of the company so far has been based on design and manufacturing prowess, close customer relations and continuous company development. Intensifying these strengths will stave off the price pressure at low-end market segment caused by non-EU competition. However, maintaining the growth path of the company will require generating and developing new opportunities. That requires development of proprietary technologies and IPR, products based on those, and even closer relationship with the customers.
The objectives of the proposal comprise of product development based on Hydroline’s filed patents and pre-patent innovations. In particular, the product development activities are development of
1. intelligent, networked hydraulic cylinder to be used in system components.
2. integrated preventive maintenance system enabling value added services sales.
3. novel suspension kit based on the intelligent cylinder.
and refinement of
4. innovation for energy harvesting.
5. innovation for local pressure increase in an actuator.
Project completed all work packages as planned. The intelligent, networked hydraulic cylinder, pressure accumulator, suspension system, and the preventive maintenance system were completed and launched as Hydroline Oy products. The product introduction was done at Hannover Messe 2017 with further promotion at Hydroline Oy 55 anniversary event and Maxpo 2017 exhibition. Field tests and piloting are on-going with significant potential customers. The collaborations indicate good business prospects for the products.
No competitive products are available or foreseen giving Hydroline Oy a significant technology advantage in the market place and thought leadership in the industry. The technology will provide basis for business model innovation and disruption creating significant socio-economic impact.