Periodic Reporting for period 1 - VDRConnect (VDRConnect: VDR-based vessel telematics solution)
Reporting period: 2016-06-01 to 2016-11-30
Danelec forecasts to achieve cumulated revenues of over €35M with net profits of €21M within five years after market rollout. The present feasibility study represents a key step towards the implementation of our overall innovation project, the primary goal of which is to reach the market with the VDRConnect solution through full-scale demonstration of the technology’s benefits. Through the large number of contacts with large shipping companies, the demand for the intelligent telematics system was clearly verified. Our study has shown that the above ambition is realistic if a focused route-to-market strategy is followed.