Periodic Reporting for period 1 - Stranich F3000 (STRANICH F3000: AN ENERGY EFFICENT INDUSTRIAL TURBOFAN FOR HIGH PRESSURE APPLICATIONS REQUIREMENTS)
Berichtszeitraum: 2018-02-01 bis 2018-05-31
Stranich F3000 is an innovative fan designed to be the most energy efficient industrial fan in the market (+16%). Using Stranich F3000, our clients would achieve a quick payback of 2 years. Considering that the service lifetime of industrial fans can be as much as 25 years, replacing underperforming industrial fans for our unique fan is now both environmentally advised and a good investment.
Our market analysis detected potential business opportunities in three industries: food and beverage, petrochemical and chemical. As part of phase 1, we have met potential clients in all three industries to understand their needs and the market competitive environment. We performed the analysis of competitors and found the best way to position Stranich F3000 in the market.
Once our work plan was defined, we established the budget and did a risk analysis, including mitigation strategy. For the commercialization, we have been looking for potential clients to have our first pilot installation. We reviewed our IP strategy, confirming our Freedom to Operate. Finally, we created a more detailed financial model to assess the profitability of our business in the next five years.