The main objective of this FS was to ensure that MotionPult meets the technical, commercial & financial requirements for its successful implementation and commercialization.
Main results: 1) We have adapted structural automotive pieces to be pultruded. We optimized & tailored lay-out of 10 profiles for the automotive & railway industry (bumpers, reinforcement bars, etc). We calculate profiles composition for 3 different grades (A,B,C), and studied profiles’ mechanical performance criteria evaluating its mass saving in stiffness- or strength-critical applications. To conclude that MotionPult composites offers better stiffness & strength performance and greater mass savings than alternative materials (other composites, Mg, Al and steel).
2) Optimised injection system operation parameters: pressure*volume*temperature for 10 different profiles. Simulation (by Siemens AG 2014 software) of all technical parameters to detect & solve potential problems during the coating process.
3) Technical & commercial risks analysis
4) Key partners: a) POLYMAT (linked third party) to perform all mechanical tests to certify our composites. b) OEM’s for final composite profiles’ validation: Talgo & Irizar, c) SGL, carbon fibre supplier, d) ACICAE, Basque country automotive cluster, commercial ally to create EU sales networks. e) AIC-automotive, R&D centre for specific automotive testing. f) AESICOM, spanish fibre reinforced polymers cluster, to increase MotionPult collaborations in Europe. We have received supporting letters from OEMs and stakeholders.
5) Market analysis & commercialization strategy: we will focus on land transport, mainly in railcar and automotive sector.
6) Patentability study: we confirm a freedom to operate analysis and Intellectual Protection Strategy to protect injection system technology, dies as utility models and trademark, to extend MotionPult around Europe.
7) Financial viability: Fiber Profil detailed cost breakdown of profiles materials requirement, labour cost, installation cost, transportation, average 40% margin after general expenses, that determined profiles selling prices ( “A” 7,5 €/kg, “B” 8,7 €/kg and “C” 10€/kg).
8) Business plan from a detailed 5 years sales forecast: Revenue of 48,5 M€ from total sales of 5,9M tonnes with average profit margin of 40%. Profitability of MotionPult is proven for Fiber Profil with IRR= 72%.
