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The first Acoustic Chemometer for intelligent fluids analysis

Project description

Sounds like we have a winner: an innovative acoustic chemometer for industry

Process monitoring and control enhances quality and reduces the time and costs of industrial production. Analysis of the properties of fluids with suspended particles in pipes and tanks is relevant to major industries with very different products including paper and pulp, pharmaceutical, food processing and wastewater treatment. Available technology faces important challenges to non-invasive, continuous and real-time process control. The Swedish SME ACOSENSE has developed a novel online acoustic spectroscopy device, ACOspector, to analyse complex fluids previously difficult or impossible to monitor. The EU-funded ACOSPECTOR project is supporting the team’s business innovation, enabling them to fine-tune the patented technology and evaluate its feasibility and commercial potential.

Objective

The pressing need of EU process industry to remain competitive requires reducing production cost whilst increasing product quality and regulatory compliance. This is driving control of procedures and automation. For process industry, reliable and immediately available information of fluid properties is of utmost importance. Additionally, the need for reducing operation downtime and increasing safety is demanding non-invasive solutions. At present, no solutions exist that are able to address all these needs.
We, Acosense, have developed the first acoustic chemometer, to analyse fluid properties in pipes or tanks that were previously considered difficult or impossible. It is based on the fact that sound is altered on its way through the fluid by complex acoustic damping. Its USP are non-invasive, real-time and continuous analysis and access to previously missing information, enabling savings in the range of €k or €M. The technology is patented and its development supported by several investors, public sector and research partners.
ACOspector customers are process industries, including pulp and paper mills, chemical industry, food factories or waste water plants. We have already deployed +25 pilot installations in the pulp and paper industry in Sweden and Norway mostly. We have received interest from further clients in the chemical industry within Europe and overseas.
Our main goal is to develop a solution that addresses all relevant properties for all processing industries. Standardization is key, since modelization is currently a very lengthy process that is limiting our scalability. Our vision is to make the inherent information in processes available.
ACOspector business model includes a direct sale plus O&M service, and leasing. We expect profits in the margin of 40%. We estimate that by year 3 after Phase 2, a total sale of 1060 units resulting in €35M of accumulated revenues, generates more than 20 new full-time positions and accumulate profits of €14M.

Fields of science (EuroSciVoc)

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Coordinator

ACOSENSE AB
Net EU contribution
€ 50 000,00
Address
STAMPGATAN 20A
411 01 GOTEBORG
Sweden

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Södra Sverige Västsverige Västra Götalands län
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost
€ 71 429,00