Report

Teaser, summary, work performed and final results

Periodic Reporting for period 1 - KERS-P (Development of a universal kit to be installed on existing and new High Tonnage Hot ForgingPresses, for a potential strong reduction of energy consumption of the European installed fleet.)

Teaser

Farina Presse will develop a UNIVERSAL KIT, suitable to be installed on the most different types of existing High Tonnage Hot Forging Presses, capable to reduce up to 30% their electric energy consumption and increase up to 33% their productivity.

Summary

Farina Presse will develop a UNIVERSAL KIT, suitable to be installed on the most different types of existing High Tonnage Hot Forging Presses, capable to reduce up to 30% their electric energy consumption and increase up to 33% their productivity.

Work performed

\"In the period 01/02/2015-30/07/2015 Farina Presse has performed different typologies of tests on 3 distinct presses: heat curve generated by a free stroke; energy used when forging one piece; energy released into heat at each cycle. These tests have fully demonstrated the technical parametrs foreseen.

Concerning the IP Management, Farina Presse has registered the patent \"\"Kinetic energy recovery system of moving masses applicable to mechanical presses\"\" on 20/02/20.2015. Receipt of IP evaluation, re-examination and European extention of the patent will be obtained between march and june 2016.

A detailed market analysis has identified in Europe some countries with a high concentration of presses to which the new UNIVERSAL KIT can be applied. Therefore the commercial strategy will be mainly targeted to Germany and to other countries as France, Italy, Czech Republic and Austria.

Thanks to a specific research scheme it has been identified the best future partner to manage all electric and electronic aspects of the project, taking into account also feedbacks and support received as well as high skills offered.

They have been identified all potential risks which can affect the advacement of the project, their consequences and the probability they could happen. It has been defined a list of risk-mitigation measures.

The business planning has allowed us to define with precision all the economic elements involved in our project and the related investement needs.
The projections developed in the business plan are positive, therefore they encourage us to continue the project.
\"

Final results

The activites carried out have demonstrated the Technical Feasibility of the project, the absence of patents that could break our freedom to operate and the positive responsiveness of the market to our innovation. Moreover no high risks able to harm the development of our project have been identified, and the business forecasts are at present and in the medium/long term very positive.