Project description
Enhancing fluids metering and dispensing equipment for industry
Measuring instruments for fluid metering and dispensing devices are subject to issues with high fluid consumption and the inability to trace the flow of liquid. This may cause problems related to fluid measurement, machine maintenance, leaking fluid, and poor working environments. The EU-funded PRIMESYST project aims to refine the core components of an existing line of fluid metering and dispensing equipment. It will integrate sensors and a software-enabled data collection system to control and manage the flow of lubricant in industrial activities. End users will benefit from significant savings in time and cost along with access to unique data and superior performance levels. Increased visibility in fluid handling during machine maintenance will also result in less polluted workplaces.
Objective
Flexbimec is a global hydraulics manufacturing company with 28 dedicated employees, 9.5M€ turnover, 2,500 strong customer base and 40 years’ experience providing Measuring Instruments (MI) for fluid metering and dispensing devices. We built a brand new line of fluids metering and dispensing equipment conforming to a mandatory MI directive aimed at the Automotive segment focusing on fluid management systems. Typical problems included increased fluid consumption and the inability to detect and trace the flow of fluid, leading to problems with fluid measurement, machine maintenance, leaking fluid and poor working environments. We increased sales by 60% and consolidated our foothold internationally.
Our next product generation will boost EU sales, while appealing to a very large audience globally: PRIMESYST extends our original concept through refinement of the core components and integration of sensors and software–enabled data collection system to control and manage the flow of lubricant into any industrial activity. Data can be logged, analysed and displayed using specialised software which has been built upon an existing simulated application.
New target sectors are Industrial Equipment, Mining and any other sector where fluid management systems or machines exist. End-users benefit with 50% cost savings, 75% timing reductions, access to unique data and supreme performance levels. Tidier and less polluted workplaces will result from increased visibility to maintain fluid handling machines. We foresee a 30% decrease in fraudulent activity when measuring fluids and all key directives conformed to. We will secure a 35% share of the EU Fluid Management Systems market and 70% for the Italian market by 2025, plus global sales increase by 23%. In 4 years, we expect our Return on Investment to be 1.48 per Euro invested in the Project. We expect to increase headcount by 30 and reach a €11.4 million in profit.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- engineering and technology mechanical engineering tribology lubrication
- natural sciences computer and information sciences software
- social sciences sociology industrial relations automation
- engineering and technology environmental engineering air pollution engineering
- engineering and technology electrical engineering, electronic engineering, information engineering electronic engineering sensors
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
MAIN PROGRAMME
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H2020-EU.3. - PRIORITY 'Societal challenges
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
42020 ALBINEA
Italy
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.