Periodic Reporting for period 1 - S3D (Feasibility study to determine the use of ITS technology to replace nuclear density meters in mining, dredging and other areas of hydraulic transport.)
Reporting period: 2015-07-01 to 2015-12-31
The objectives of the project were to evaluate the market for a replacement to gamma densitometers for dense phase hydraulic conveying
The work performed consisted of a market review of the global market structure for the technology; a design study to establish parameters for product configuration; a review of relevant legislation and certification standards; and a strategy for the most effective basis for managing the company's intellectual property in this field.
This project demonstrated that whilst the mining and mineral processing market is currently depressed, there is a strong interest by operators and key staff to move away from radiation-based instrumentation.
In addition, there are opportunities to improve efficiency, reduce waste and improve the overall environmental impact of mines through the use of the company's innovation.
The overall market is larger than was initially envisaged and there are clear points of entry giving the company a strategic platform to launch and develop its technology, creating jobs in the NW of England and through its supply chain in 3 other European companies.
In addition, there are opportunities to improve efficiency, reduce waste and improve the overall environmental impact of mines through the use of the company's innovation.
The overall market is larger than was initially envisaged and there are clear points of entry giving the company a strategic platform to launch and develop its technology, creating jobs in the NW of England and through its supply chain in 3 other European companies.