Periodic Reporting for period 1 - AGS (A resource-efficient granulation process for advanced formulation of any compound in food and pharma production)
Reporting period: 2015-12-01 to 2016-03-31
The Feasibility Study showed that the AGS technology with its competitive advantages, puts Polibiotech in a strong position as the current granulation machines have a long new product R&D time (an average 4 months), very high production costs (due to high electricity usage, material waste and water usage) and NO possibility to renew the expiring patents. It is crucial that Polibiotech advances its current technology and commercial readiness levels to experience significant growth and development in the following years. A successful demonstration with a wide range nutraceuticals will help overcome the concerns about the continuous granulation systems.
The Feasibility Study also showed that the AGS machine will have a rapid market penetration and will reach a BEP in the first year. But to achieve Polibiotech desired goal and become a leader of the continues granulation system for nutraceutical, food and pharmaceutical, the technology must be optimised for reductions in costs of materials, efficiency and flowability.