CORE develops proprietary machine state forecasting technology tuned for the manufacturing sector. In the project, we validated the technical, commercial and financial viability related with EnCORE commercialization.
In the technical part, we developed several dashboards to strengthen EnCORE’s ease of use from machine operators. We established our roadmap to advance EnCORE to TRL-9, analyzed key technical risks and established their mitigation actions. In the commercial part, we analyzed the trends and drivers that will fuel EnCORE adoption by the manufacturing sector, and we analyzed our target segments. We tuned our commercialization plan for wide market uptake, aiming to launch EnCORE to the most technologically advanced markets. Also, we performed a thorough Freedom to Operate analysis, which confirmed that our technology does not infringe any existing IPR.
EnCORE offers a drastic reduction (-51%) of downtime due to unplanned maintenance activities. This translates to important cost-savings, which will allow our customers to recoup their investment in our product in less than 1 year. This will fuel the adoption of our technology by the manufacturing sector. During commercialization, we forecast generating cumulative sales of about €23 million and growing our team by 30 new employees, to meet market demand. At the same time, EnCORE will allow the EU manufacturing industry to generate cost savings of at least €78 million. Furthermore, EnCORE will significantly improve workplace health and safety in the manufacturing sector. EnCORE will provide accurate information of machine’s state early in advance, hence reducing the risk of failure and the risk of harm to personnel. Also, EnCORE’s remote monitoring features will reduce the number of personnel on the shop-floor and decrease the number of people at risk.
