Periodic Reporting for period 1 - GALAHD (General and Light Aviation Head-up Display)
Período documentado: 2016-08-01 hasta 2016-11-30
The Flight Safety Foundation in 2010 found that 38% of all accidents were likely or highly likely to have been prevented if the pilot had a head-up display (HUD). A HUD is a device placed above the cockpit in front of the windshield that projects on semi-transparent screen crucial information of all phases of the flight based in on-board sensors and radio-navigation system.
Several commercial products are available and widespread in general aviation for all these devices except for HUDs. With Phase 1 and further development we aim to bring to the market GalaHD, that will be the first certified Head-up display (HUD) with an affordable price for general aviation. Our device will prevent the lack of spatial and situational awareness of the pilot and therefore will increase safety for general aviation flights.
The main conclusion is the change of the key players involved in the consortium, from the former two companies, Asteravia and Aerlyper, into three companies: including now Globavia.
As a second one, is the budget of over €3,5 million and a duration of 24 months. The financial analysis results of our FS, considering estimated revenues of €41.02 Mio after 5 years of commercialization and the previous investment, indicates a ROI of 4.64 and a payback of 24 months. We aim to achieve these estimated sales thanks to the creation of 14 positions, including Engineers and our Sales and Administrative force.