Periodic Reporting for period 1 - TEM (TEKLAB Evaporator Management system for energy efficient refrigeration)
Reporting period: 2017-08-01 to 2017-12-31
With TEM, we pursue energy efficiency, and use of natural refrigerants such as CO2: solutions that contribute to reducing global warming in an energy intensive sector.
Additionally, we save energy operational costs, key for end-users in a reluctant environment. Our overall objective is to optimise our current TEM design in terms of energy savings, reliability, size and cost.
We carried out 2 pilot tests and upgraded our original TEM design. We detailed the needs for TEM production: machinery, tools and human resources. We created protocols for demonstration tests under different international standards (ISO 23953-2:2015) mainly considering temperature measurement and energy consumption.
We see double market segmentation: new installations versus existing ones, and a second linked to geographies (northern/southern countries).
We plan to contribute in fairs and exhibitions devoted to refrigeration such as Chillventa in Nuremberg, EuroShop in Dusseldorf, and AHR in USA.
We plan to start selling our TEM system by mid-2020 at an estimated retail price of €200/unit, realising a margin of 40% as an average on the different segments (new/existing installations; different countries). As part of our growth plan, our target is to grow steadily from 5,000 units the first year to over 50,000 units sold by 2024, achieving an additional cumulative annual turnover of €22.5 M and gross profits of € 9 M.