Periodic Reporting for period 1 - PUZZLE_DIE (An innovative method for constructing casting-dies for the production of the aluminium components in the automotive sector)
Reporting period: 2016-03-01 to 2016-08-31
The goal of our project is to develop a new method for constructing dies that doubles the limit of 150,000 pieces, today considered insurmountable, while reducing the cost of the offshoot product, making it cost-effective even for the category of cheaper cars.
Two producers of die-casting aluminium components for automotive gave their availability to use “puzzle dies” in real production to test their performances; at the same time three important car manufacturers sent us letters of interest about our innovation.
The patent search has confirmed that there is not any existing patent that could interfere with our invention, which is consequently patentable.
All potential risks which can harm the project have been identified, with the probability they could happen. Risk-mitigations have also been clearly identified.
The Business Plan, although based on cautious assumptions, foresees a boost in company’s growth: the turnover is expected to increase by 47% more than with the simple growth from the development of traditional dies, and the profitability will rise by 7% from 2018 to 2023.
All these results encourage us to continue the project.