Objective Acknowledging that energy prices define competitiveness of many industries and compressors represent energy-hungry core manufacturing technology, Otechos aims to offer market leading energy-efficient compressor technology for industrial applications, being the natural choice for industries seeking environmental friendly solutions with low total cost of ownership.With a new, premium type industrial compressor (CRC) for air and gases, based on our patent pending Centric Reciprocating Technology (CR-T), we will disrupt the existing, fast growing market for industrial compressors by offering end-customers 30% less energy consumption than existing technology, yielding improved competitiveness through reduced total cost of ownership while offering substantial environmental benefits. It not only meets key purchasing criteria, it defines a new standard. By offering the CRC as core component in turnkey compressor solutions delivered by strategic partners, Otechos, with its entrepreneurial and competent management team, will draw strengths from existing market channels and international partnerships. Initial penetration will focus on CRC application in nitrogen production generators for marine and oil & gas. New partnerships, to be initiated in phase 1, will open up the global potential in the broader €25,6 billion (2020) compressor market offering a CAGR of 7,1%. The P/L forecast shows a highly profitable business from year 3, following an investment of €2,3 mill and initial penetration of UK, Germany and Norway.As a bonus, the core technology CR-T has unique characteristics that makes it applicable in other areas as OTTO-type engines, pump technologies and gas / steam expander machines. Hence multiple business opportunities surface beyond compressor applications. Phase 1 will detail the rich potential of the patent pending technology and enhance the business plan. Fields of science engineering and technologymechanical engineeringmanufacturing engineeringengineering and technologymechanical engineeringtribologylubricationengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringcontrol systemsnatural sciencesphysical sciencesclassical mechanicsfluid mechanicsfluid dynamicsengineering and technologyenvironmental engineeringenergy and fuelsfossil energynatural gas Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SIE-01-2015-1 - Stimulating the innovation potential of SMEs for a low carbon energy system Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2015 Funding Scheme SME-1 - SME instrument phase 1 Coordinator OTECHOS AS Net EU contribution € 50 000,00 Address FJAERKLEIVENE 52 4900 Tvedestrand Norway See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Norge Agder og Sør-Østlandet Agder Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00
