Phase 1 Proposal was granted (Score 14.49/15 points) and included a specific introduction to the forecasted Work Package that comprises several activities that we have carried out in our 4-month feasibility study.
Technically, additional designs and tests with motorbike brakes were carried out in November, January and February following our agile development plan, to further assess 1/brake performance, 2/limits and tolerance and 3/optimum friction coefficient. All these tests provided positive results, confirming the technology and its adaptation from motorbike to car brake discs.
Following these developments, a preliminary risk analysis has been conducted to ensure that no issues have been left aside and thus that future developments will be with a low and controlled risk. Our team has prepared a preliminary Execution Plan for the development and exploitation and the BrakeDiam range; we also assessed the need for third party subcontractors to support us in the execution of the Phase 2 project.
Commercially, we have focused on the potential markets and market niches (cars, racing cars, motorbikes, trucks); this has allowed us to further prepare our marketing and pricing strategy. Furthermore, a complete Freedom-to-Operate was performed to search for existing Intellectual Property rights that could infringe with our technology. This analysis has confirmed the novelty of BrakeDiam and the absence of existing thread for its commercialization.
Financially, scenarios have been analysed and detailed, leading to consolidated financial projections for the 2018-2022 period with highly positive turnover increase and Return on Investment > 1.5.
