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The following describes progress made beyond the state-of-the-art as well as expected impact of the iDriver product
- Tvilight has successfully partnered with one of the leading global manufacturer of LED Drivers. Within this partnership, both the partners will focus on their technology strength, while jointly develop and implement the go-to-market strategy.
- Together with this partner, Tvilight has successful developed a working functional product.
- This integrated product (iDriver) is up to 40% economic when compared to existing solutions available in the market.
- IDriver offers faster return on investment (3-5 years), in comparison to the conventional 5-8 years offered by competing products
- This solution can save up to 80% energy and reduces the operation and maintenance costs by up to 50% on streetlights
- iDriver can measure energy consumption and, in future, provide live feedback to the energy grid
- iDriver enables full remote monitoring and controlling of the street lights – enabling on-demand services. It can automatically communicate failures to the control room. This in turn makes the maintenance economical and more efficient than it is right now, that is, by enabling preventive maintenance in comparison to ad-hoc maintenance.
- Due to the above merits, this solution will support accelerating the adoption of energy efficient streetlights within the public lighting and industrial lighting sector.
- Tvilight and our partner’s business plan demonstrate excellent export potential of this product across Europe as well as in US/ Canada, India and China.
- Furthermore, Tvilight expects to generate over 10 new job openings in coming 2 years. Likewise, our partner expects to generate a similar number of FTE's in Europe.
