Periodic Reporting for period 1 - SCAN and WORK (Full Stack Digital Plant Scan and Work)
Reporting period: 2019-09-01 to 2020-02-29
Our solution is the first cloud platform where users can make 3D digital twins of manufacturing facilities coupled with 3D design and browser virtual product simulation. The added value to customers is cloud access to 3D scans with multiple key virtual optimization packages, no full ownership costs, no need for own hardware with pay as you need pricing.
Customers: all manufacturing/construction value chain players involved in product design: OEMs (Original Equipment Manufacturers), their Tier 1 and 2 suppliers, down to all small companies and individual designers/workers.
Strategy: offer services online, accessible worldwide with transparent pricing. The prototype is TRL 7 validated by large OEMs like Mercedes and Volkswagen.
Our team has manufacturing and automotive industries insiders; founders have more than 15 years of experience in automotive and aerospace engineering.
Manufacturing digital global market was 6.26 B$ in 2017 and is estimated to reach 13.45 B$ by 2022. We expect accumulated sales of 45.5 M€ until 2023.
The main results so far are definition of the go-to-market plan, including the priority segments, industries and countries; definition of our IPR strategy for the next years; identification of legal/security requirements; surveys / interviews conducted with key industrial players; business model reviewed, including definition of the revenue sources (pricing strategy) and estimations of costs and operational cash-flows (5-years); technology strategy and product roadmap updated.