This can be summarised as follows,
1 Initial engagement with 12 Customer Partners that represent a good cross section of local national and international distribution and sales companies for electric valve actuators.
2 These are,
Severn Glocon UK & Global Subsea Oil & Gas + Water treatment & Distribution
Wolseley Group Plumb & Pipe Centres UK + Ferguson in USA
Georg Fischer Swiss & Global Largest plastic valve manufacturer in World
Aliaxis FIP Italy & Global 2nd Largest plastic valve manufacturer in World
SAFI Valves France & Global Plastic Valves for Agriculture & Specialist applications
Dirchsen Denmark & Scandinavia. Specialist valve package distributor
Ebora Holland & North-Western Europe. Specialist package distributor
Zoedale UK Specialist valve & actuator package distributor
Zipson UK Specialist valve & actuator package distributor
Eurovalve UK & Europe Specialist valve & actuator package distributor
3 Prepare detailed specifications for Small & Large Actuators following collaborative meetings with the above 12 companies. In addition, a specification for a Subsea version of the large actuator following meetings with Severn Glocon in particular. So, 3 new products in total have been developed. Namely Small, Large and Large Subsea
4 Design & 3D Print prototypes for the Small Actuator
5 Design & 3d Print prototypes for the Large Actuator
6 Originally, to design and fabricate from metal and acrylic prototypes for the Subsea version of the Large Actuator. Hyperbolic test this to 80 metres working depth. This has now been tested by LB Bentley, a subsidiary of Severn Glocon, to 800 Metres.
7 Second round of meetings with the 12 Partners to further explore pricing, quantity commitments, market positioning, agree campaigns, and in some cases look at own branding by SmartAct® for their sale & distribution.
8 To date the orders placed for Q4 2017 delivery amount to approximately €1.35 Million from these 12 Partner companies. Severn Glocon have introduced a client who has forward ordered for supply of Subsea units worth approximately €2 Million per year for at least the next 10 years.
9 Potential for 3 new Patents and 1 new trademark has been identified so far through the project.
10 Originally the objective was to interview for, select and employ 6 new staff. These were full time positions and include one new Director of Sales. We have also engaged two new part time staff who will work towards becoming full time over the next 12 months. In Q2 of 2017 a further four Apprentices were engaged. Two in R&D and two in Sales & Marketing. A fifth Apprentice was appointed in July 2017. Total people on the company payroll is now 15 with 4 regular sub-contractors.
11 Preview the 3 new products at various meetings, conferences, trade shows and exhibitions through the year. This has been reported in detail elsewhere including forward bookings for Phase 3.
12 Engage with a number of other major customer clients through this activity. These include,
Praher Plastics of Austria who also trade extensively in Asia
HORA of Germany who also trade in mainland China & India
Cambrian Valves in the UK who are major suppliers of fire safety systems in Europe
Apreco in the UK who are major suppliers of HVAC and fire safety systems in Europe
Project Fire in the UK who are world leading suppliers of fire safety systems
Emerson Electric, US based global manufacturer/supplier of electric machines
Assured Automation, Based in New Jersey, US, suppliers of low energy valve & actuator packages
Valves On Line, the largest valve and actuator package supplier in UK