Periodic Reporting for period 4 - SAFEVENT (SAFEVENT: NEW GENERATION OF FIRE-RESISTANT HVAC DUCTS & FITTINGS)
Período documentado: 2021-12-01 hasta 2022-04-30
Climate Recovery is developing a unique system of ducts and fittings made of sustainable materials. Our system is a generally applicable, green HVAC technology, which is sustainable to the environment and friendlier to the installer as well as the end-user.
The main objective of this project is to finalize and commercialize a highly innovative, pre-insulated HVAC duct system based on the mineral wool, that to date, has been developed to TRL-8. Through this project, our product portfolio will be enriched with a range of sustainable HVAC ducts and fittings, complying with the strictest industrial fire-safety norms and offering a plethora of advantages for the land and marine construction sectors. Within the time frame of the project, these products will be approved for European sales through CE-certification and launched on the market.
The main objective of this project is to finalize and commercialize a highly innovative, pre-insulated HVAC duct system based on the mineral wool, that to date, has been developed to TRL-8. Through this project, our product portfolio will be enriched with a range of sustainable HVAC ducts and fittings, complying with the strictest industrial fire-safety norms and offering a plethora of advantages for the land and marine construction sectors. Within the time frame of the project, these products will be approved for European sales through CE-certification and launched on the market.
During the fourth reporting period, we worked on lowering standard product costs, developed a business case model for the complete system, investment calculations, and the design of an automated production line that would reduce standard product costs once it was launched. During this reporting period, Climate Recovery focused most of the team's efforts on fire resistance testing and validation of the redesign of the production equipment. As a result, the completion of the project and the maintenance of the competitiveness and unique advantages of the product are not at risk and all milestones have been achieved. The final result of the project, our new product "Protector", had its world premiere at Scandinavia's largest construction fair at the end of April 2022.
Upon successful completion of this project, Climate Recovery can make European buildings more sustainable, environmentally friendly and user friendly regarding the HVAC solutions. It is something that the EU attempts to achieve through the EU Circular Economy Strategy and the nearly zero-energy building concept. In this respect, CR has introduced a program to utilize waste material in the current production standards to produce secondary applications in the form of glass wool panels for sound damping. This will be expanded to encompass the new types of mineral wool utilized in SAFEVENT production. Further, infrastructure and processes for handling scrap material from building sites utilizing CR glass wool products are being established for proper recycling and circularity applications.
Given the significant advantages offered by our underlying technology platform, successful market penetration is expected rapidly. Perceived commercial benefits will be used to stimulate the further expansion of our company and the pursuit of innovation activities.
The initial feedback from technical ventilation consultants and ventilation contractors has been very positive. For consultants, the benefits of a 2-in-1 product with a lower carbon footprint provide benefits such as shorter timelines for project completion and a building that can easier achieve the regulatory approvals required today and tomorrow. For ventilation contractors and installers, the decreased amount of weight by reducing sheet metal allows for a safer and healthier work environment.
Further benefits include those who own buildings, as well as those who live and work in them, achieving a more sustainable building while also possessing fire resistance properties for safety. An airtight system will make for the energy efficiency of the systems, positively impacting even the energy bill of tenants. Thermal comfort is gaining increasingly more importance, due to changes in our worldwide climate, and doing so at a low cost will be appreciated.
Given the significant advantages offered by our underlying technology platform, successful market penetration is expected rapidly. Perceived commercial benefits will be used to stimulate the further expansion of our company and the pursuit of innovation activities.
The initial feedback from technical ventilation consultants and ventilation contractors has been very positive. For consultants, the benefits of a 2-in-1 product with a lower carbon footprint provide benefits such as shorter timelines for project completion and a building that can easier achieve the regulatory approvals required today and tomorrow. For ventilation contractors and installers, the decreased amount of weight by reducing sheet metal allows for a safer and healthier work environment.
Further benefits include those who own buildings, as well as those who live and work in them, achieving a more sustainable building while also possessing fire resistance properties for safety. An airtight system will make for the energy efficiency of the systems, positively impacting even the energy bill of tenants. Thermal comfort is gaining increasingly more importance, due to changes in our worldwide climate, and doing so at a low cost will be appreciated.