All of the expected deliverables, as well as the work packages intended for SMEINST phase one had been accomplished effectively, as extremely useful insights had been obtained.
Considering the importance of the key factors, product cost, energy efficiency and reliability we strongly believe there is room for successful implementation of such product based on the proposed technology.
The commercial business plan has been adapted to take full advantage of our production methodologies, particularly adequate for high volume manufacturing. We have clearly identified the main technical and operational challenges, and understand the necessary actions to mitigate, manage or control the risks identified.
This approach is expected to maximize flexibilities, while helping accomplish the eTAG project goals in the proceeding stages, as we plan to follow the pre-production prototype with integration of the Stirling technology into a commercially successful product.
Additionally, in the near future we will refine our business plan, to increase the chances of realizing the maximum available potential, increase the product value and reach the market more prepared.
A comprehensive technical feasibility had been executed, through detailed numerical modeling, using two leading simulation packages, DeltaEC and Sage, while concurrently considering practical points, material limitations and mechanical restrictions. Because of the enhanced performance of FPSE, we will continue to pursue this option directly, and consider removing the displacer only in the stages ahead. In addition, complete product specifications have been designated, bearing in mind complete view, including technical aspects, customer value, production capabilities, schedule, costs, validation gates and manufacturing repeatability.
The intended path is expected to considerably increase the product value, and allow extensive deployment of the eTAG in global markets in the short term. Periodic market updates by major installers, distributes, and energy utilities, will ensure we keep progressing in the right direction. In parallel, high volume manufacturing methods will be implemented by a robust proven process.
Few independent inspections of intellectual property rights had been performed, to assure we have freedom to operate, while extensive study on required certifications, directives and regulations had been thoroughly considered.
It had been undoubtedly stated that indeed we have the necessary rights to conduct R&D without risk of infringements, and smoothly comply with all required legislations.
The market study accomplished focused on categorizing the competitive landscape, while addressing numerous factors, such as value propositions, policies, key drivers, and entry barriers. It had been concluded that the eTAG product has tremendous value, and remarkable prospective to quickly become the best in class, in a fast growing market. Moreover, the detailed financial assessment, including all production aspects, concludes with a very appealing ROI, below two years under many conditions.
However, few areas that require deeper knowledge have been identified, as projected systematic investigation needs to focus on the energy industry particularities, while considering the diverse structure in different countries.
Moreover, fresh perspective gained from the 3rd international workshop on thermoacoustics (October 26th 2015, The University of Twente, Enschede, The Netherlands) needs to be managed further, considering the practical viability of the eTAG for typical mCHP customers. Furthermore, few critical business variables needs to be further developed into a more tangible model, during a methodological process, which is currently taking place with the productive support of our EASME coach, through the business model canvas methodology. Formal SWOT analysis, value proposition alternatives and market implementation strategies are expected to better allocate the required resources for an optimal organizational structure design.
