Periodic Reporting for period 1 - AFISYS (The new generation of Automated active Fire Protection Systems)
Reporting period: 2018-08-01 to 2018-11-30
We currently have 50 customers for our series F smoke damper system. Through pilot projects with them we identified the need for a smart mapping system to complement our offering and as such developed and tested a prototype of AFISYS. Feedback from the pilots has informed our upgrade priorities so that AFISYS is ready for wide international expansion.
As such, we have undertaken a Feasibility Study to define a technical development plan and to upgrade our commercial strategy and financial projections in preparation for the next phase of expansion of our platform.
We studied the commercial potential of our product and found that the best area for expansion will be Austria, Germany, Scandinavia and Spain. The Freedom-to-Operate analysis concluded that our product does not infringe on current patents or trademarks.
We have defined our business plan, with costs for development and dissemination, and predicted revenues. We predict that AFISYS will bring revenues of €36 mil for an ROI of 7.31 by 2026.
Based on this Feasibility Study, we conclude that our product is well placed to become a market leader in Austria and abroad in the fire protection market.
This will bring wider socio-economic impacts, making buildings more resilient to fires by reducing the downtime of the system during maintenance. This will reduce the fatalities and material losses as a result of fires in buildings, where people spend most of the time in the world of today.