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PRECISE

Financiado

Cerrado

Pulsed eddy current inspection system for pipeline health monitoring

ETHER NDE Limited aims to commercialise PRECISE, an eddy current technology based inspection product for pipelines. The PRECISE device enables fast inspection of bond integrity, calculation of remaining wall thickness, examination... ver más

31/08/2017

ETHERNDE

71K€

Presupuesto del proyecto: 71K€

Líder del proyecto

ETHER NDE LIMITED No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Fecha límite participación Sin fecha límite de participación.

Financiación concedida El organismo H2020 notifico la concesión del proyecto el día 2017-08-31

SMEInst-11-2016-2017: Boosting the potential of small bus...

I+D

Cerrada hace 8 años

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Información adicional privada

No hay información privada compartida para este proyecto. Habla con el coordinador.

1 Participantes

ETHERNDE

50.00K€ | Lider

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Duración del proyecto: 6 meses Fecha Inicio: 2017-02-06
Fecha Fin: 2017-08-31

Líder del proyecto

ETHER NDE LIMITED No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Presupuesto del proyecto 71K€

Fecha límite de participación Sin fecha límite de participación.

Descripción del proyecto ETHER NDE Limited aims to commercialise PRECISE, an eddy current technology based inspection product for pipelines. The PRECISE device enables fast inspection of bond integrity, calculation of remaining wall thickness, examination of different pipe geometries, and inspection of non-steel and bare steel pipes. PRECISE technology eliminates the need to purchase multiple devices for inspection of pipeline assets, as the technology is able to inspect through every composite material used to reinforce pipelines. PRECISE will help prevent spillages from happening through early non-destructive detection; potentially preventing serious disasters and will reduce the negative impact of 280 gas leaks per year resulting in over €100 million in damages. The objective of this project is to perform Phase 1 feasibility study will allow us to analyse the technical feasibility assessment and evaluate the commercial potential of PRECISE product that we want to commercialise and exploit in the NDT inspection market by taking advantage of already validated system at TRL6. During this feasibility study we will perform risk assessment, market studies, intellectual property assessment and business planning with the ultimate goal to commercialise and introduce PRECISE product on the market, through innovation in key enabling technology as Eddy current. Our targeted market of NDT inspection services sector generated €295.4 million in revenue in 2012 and is expected to generate €494.4 million in 2017 with a CAGR of 10.9%. Realistically, it is estimated that our turnover through PRECISE commercialisation will reach over €8.5M by 2023, generating profits of €6M in the same year creating 14 new jobs extra for us by 2023.Considering we are Eddy current based product specialist company, this product is aligned with our strategy of business growth and competitiveness. It is our strong belief that the SME instrument is the ideal financial instrument for us to accelerate commercialisation of PRECISE.

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