Objective ETHER NDE Limited aims to commercialise PRECISE, an eddy current technology based inspection product for pipelines. The PRECISE device enables fast inspection of bond integrity, calculation of remaining wall thickness, examination of different pipe geometries, and inspection of non-steel and bare steel pipes. PRECISE technology eliminates the need to purchase multiple devices for inspection of pipeline assets, as the technology is able to inspect through every composite material used to reinforce pipelines. PRECISE will help prevent spillages from happening through early non-destructive detection; potentially preventing serious disasters and will reduce the negative impact of 280 gas leaks per year resulting in over €100 million in damages.The objective of this project is to perform Phase 1 feasibility study will allow us to analyse the technical feasibility assessment and evaluate the commercial potential of PRECISE product that we want to commercialise and exploit in the NDT inspection market by taking advantage of already validated system at TRL6. During this feasibility study we will perform risk assessment, market studies, intellectual property assessment and business planning with the ultimate goal to commercialise and introduce PRECISE product on the market, through innovation in key enabling technology as Eddy current.Our targeted market of NDT inspection services sector generated €295.4 million in revenue in 2012 and is expected to generate €494.4 million in 2017 with a CAGR of 10.9%.Realistically, it is estimated that our turnover through PRECISE commercialisation will reach over €8.5M by 2023, generating profits of €6M in the same year creating 14 new jobs extra for us by 2023.Considering we are Eddy current based product specialist company, this product is aligned with our strategy of business growth and competitiveness.It is our strong belief that the SME instrument is the ideal financial instrument for us to accelerate commercialisation of PRECISE. Fields of science engineering and technologymaterials engineeringcompositesengineering and technologyenvironmental engineeringenergy and fuelsfossil energynatural gasengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsensorsnatural sciencesmathematicspure mathematicsgeometry Programme(s) H2020-EU.3.5. - SOCIETAL CHALLENGES - Climate action, Environment, Resource Efficiency and Raw Materials Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-11-2016-2017 - Boosting the potential of small businesses in the areas of climate action, environment, resource efficiency and raw materials Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator ETHER NDE LIMITED Net EU contribution € 50 000,00 Address Endeavour house 18 brick knoll park ashley road AL1 5UG St albans hertfordshire United Kingdom See on map Region East of England Bedfordshire and Hertfordshire Hertfordshire Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 21 429,00
