During our 4 month feasibility study, and based on the original Work Plan proposed in the Phase 1 proposal, several activities have been carried out.
Firstly, technically, further calculations, designs and component selection for the application were carried out to optimize the mechanical subsystems and overall structure, along with the electronic components and associated control software. Following these developments, a preliminary risk analysis has been conducted to ensure that no issues have been left aside and thus that future development and industrialization will be with a low and controlled risk. Our team has prepared a complete Execution Plan for the developments of SOLVE (from TRL6 to TRL9), covering tasks, planning, budget, risk analysis and organization.
Commercially, we have focused on the machine tool and bevelling machine market which has allowed us to further prepare our marketing and align our pricing strategy. 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 the SOLVE technology and the absence of existing thread for its commercialization.
Financially, several scenarios have been detailed, leading to consolidated financial projections (revenues, commercial margin, return on investment) for the 2018-2022 period with highly positive turnover increase.