Cemco’s proven and multi-patented Fluid Foil technology solves these problems, and can be applied to many different market sectors - faster and at lower cost. Once launched, we are confident that Cemco will be able to capture, an improved share of the processing equipment market (through a combination of strategic partnering, maintaining control over critical components and licensing arrangements) and bringing back this rapidly growing industry to Europe
Our overall objectives for this study were to validate interest in the benefits of Fluid Foil with potential customers, to engage with appropriate partners to bring Fluid Foil to market with, to develop our Commercialisation and IP protection strategies, and a plan for the remainder of our development programme, to assess the inherent risks to our project, and to further develop our business plan.
Running parallel with our feasibility study, Cemco have also conducted a programme of proof of concept engineering in order to further minimise project risk at later stages. A number of key discoveries were made during this work which have fed into our assessment of the market, commercialisation opportunities, IP strategy, development and business plans, as well as highlighting other potential project risks.
The funded feasibility study enabled Cemco to evaluate the market for Fluid Foil, engage in discussions with potential customers and identify acceptable price points. Cemco have been able to validate that our design and engineering approach will deliver product which meets acceptable pricing levels, while maintaining sustainable return on sales for our business. Letters of support received indicate a willingness to partner with Cemco to deliver Fluid Foil to market. Cemco own the relevant IP, and further protection and commercialisation opportunities have been identified. An ambitious but realistic plan for further development of Fluid Foil has now been developed, along with mitigation strategies which manage identified risks. Our business plan is developed, and presents Fluid Foil as an attractive opportunity. With the business case for Fluid Foil validated, Cemco intend to proceed with the development and commercialisation plan as described.
Compared to conventional equipment, Fluid Foil products are smaller (low footprint), more adaptable and re-usable/ recyclable, and have greater capability than convention equipment, particularly with regard to the ‘contactless’ processing of delicate film materials, enabling higher yields.
