Periodic Reporting for period 1 - InjectoReducer (Integrated reducer-filter-injector unit for natural gas engines)
Reporting period: 2016-10-01 to 2017-03-31
On the technical side, we have been working on reducing the size of the original 3 and 4 cylinders LPG prototype, for an even easier installation in the engine bay. We have progressed in developing a prototype CNG variant for 1 and 2 cylinder engines for OEM application and we have identified the need for a third variant; CNG for 3 and 4 cylinder engines. We have also analysed our supply chain with respect to our plans for starting industrial production of InjectoReducer.
We have prepared an Execution Plan for the project, covering tasks such as planning, budget, risk analysis and organization. At a commercial level we have identified, and studied in detail, our target markets in order to prepare our marketing strategy. And we have performed a Freedom-to-Operate analysis, which is required to check and validate the innovation of our product. And lastly, we have prepared financial projections in order to evaluate the return on investment of the project.
For society as a whole, particularly cities and heavily urbanised areas, InjectoReducer, based in mature gas fuel technology, will have an immediate-to-medium-terms impact, unlike emerging hybrid and electric alternatives, on reducing the carbon footprint of the existing vehicle fleet and polluting exhaust emissions.