Periodic Reporting for period 1 - Safe2LPG (Device for safety and security in liquid petroleum gas systems)
Período documentado: 2017-01-01 hasta 2017-03-31
• Completed a market investigation including potential customer interview to detail the various aspects of the customer needs and pricing.
• Completed a competitor analysis - none of competing solutions offer the same high level of safety as the Safe2LPG device.
• Signed up 6 agreements for testing and demonstrations.
• The high pressure safety shield technology was tested and demonstrated.
• A patent search has not uncovered any existing patents that limits IGT’s freedom-to-operate.
• Further development and enhancement of the business plan based on our findings during the feasibility study.
The concept and approach, as well as the impact was validated favourably through the feasibility study. We have concluded that the overall strategic vision should be maintained.
2020-3.3M/10; 2021-6.4M/15; 2022-12.5M/20; 2023-16.8M/10; 2024–21.5M/10