In addition to several assessments devoted to technical issues and market studies performed to demonstrate the technical and commercial viability of NETIK, the following tasks have been developed according to the plan proposed in the Phase 1 contract:
Task 1 Technical plan: This task contains the detailed planning for future updates to the software involved in NETIK, as well as the details required to achieve smooth operation. As sub-tasks: an initial commercial design will be created showing the potential final look of NETIK, and a detail on technical risks was also done.
Task 2 Commercial plan: (1) Efinétika will contact new electronic part manufactures outside regularly used networks, with the aim of surveying potential alliances with a partner for future phases. (2) A random survey will be done to selected industries in different sectors and zones. The purpose is checking the interest levels for energy management services in order to establish market direction priorities. (3) Finally, a Freedom to Operate analysis and IPR strategy study completes the task.
Task 3 Financial plan: Financial plan that will include NETIK’s cost breakdown, effect on revenues, ROI, and several other financial key indicators will be refined. The financial impact study is concluded with a forecast on production, sales, revenues, profits, and growth for the following 6 years after market introduction.
Task 4, Business plan 3+1: The master business plan paves the way for further development of NETIK and is the main objective of this task. The work involves gathering the information and results acquired from the other tasks and compounding it into a single exhaustive report. This will conclude with the final and only deliverable of phase-1.
