Periodic Reporting for period 1 - FC21S (Cost-effective aluminium die casting for automotive industry)
Reporting period: 2015-12-01 to 2016-03-31
Our aim is to commercialize an innovative spraying system for die casting of Al and uniquely engineered parts. This will have a significant impact for customers worldwide who will benefit from buying our aluminium die-casted parts with enhanced mechanical performance at a competitive price, and from significant energy savings and environmental pollution reduction thanks to the outstanding performance of our process.
Technical viability plan: we analysed all technical aspects to be developed/demonstrated for the full deployment of #FC21S. We defined operational parameters, certifications and labelings to achieve, and prepared a detailed work plan for Phase 2, assessing all potential risks
Commercial plan and FOA: we developed a detailed market analysis, verifying that our target markets show potential for growth: the global market for automobile parts aluminium die casting is expected to reach $6.64 billion by 2020. This and the legislative context (regarding regulation of CO2 emissions) are expected to favor the deployment of #FC21S. We prepared a detailed commercialization and dissemination strategy, and performed an in-depth FOA, which guaranteed that #FC21S is freely exploitable.
Financial plan: We reviewed all forecasts, establishing precisely calculated production costs and pricings. #FC21S will enable us to achieve revenues of €4.62 million in 2023.