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GEO

Green Efficient Outboards

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

GEO project word cloud

Explore the words cloud of the GEO project. It provides you a very rough idea of what is the project "GEO" about.

efficient risk pursue successful cimco cheaper transport 45 craft billion commercializing job 10 estimation 2014 outboards parallel life series gasoline launch innovative marine primary torque world leadership revolutionary vast mobility units geo evaluation annually expertise supply reliability opportunity named perfect active sold savings ab 400 120 belt 150 accelerating combination longer patented times chosen operation moderate propulsor strategy 3rd superior governmental parties break acute diesel cooperation complete consuming market business 2017 plan environment barriers green oxe suited sme execute expectancy fuel emission recreational match commercial motor ip outboard durability feasibility hp roi transportation overcome distributor usps replace automotive 2020 owners benefits demand 15 curbing advantages expanding downs

Project "GEO" data sheet

The following table provides information about the project.

Coordinator	CIMCO MARINE AB Organization address address: METALLGATAN 19 A city: ANGELHOLM postcode: 26272 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Sweden [SE]
Project website	http://oxe-diesel.com/
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3.4. (SOCIETAL CHALLENGES - Smart, Green And Integrated Transport) 2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-1-2015
Funding Scheme	SME-1
Starting year	2015
Duration (year-month-day)	from 2015-09-01 to 2016-02-29

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	CIMCO MARINE AB CIMCO MARINE AB Organization address address: METALLGATAN 19 A city: ANGELHOLM postcode: 26272 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	SE (ANGELHOLM)	coordinator	50˙000.00

Map

Project objective

Cimco Marine AB aims to pursue a major business opportunity by commercializing an innovative diesel outboard series, named “OXE” with superior USPs and high ROI. The product is based on an efficient automotive motor in combination with a revolutionary patented “Belt Propulsor Unit”, curbing the diesel motor´s torque (not possible before).

The main advantages of OXE are: 30-45% fuel savings (cheaper operation, less emission and increased range); reliability (less break-downs) and durability (20 times longer life-expectancy). With no similar products on the market the primary goal for OXE is to replace current fuel consuming, high emission gasoline outboards (150-400 HP) in the governmental, commercial and recreational craft marine market world-wide.120 000 outboard units are sold annually (€ 1,5 billion). Cimco´s goal is to supply 10% of the commercial market by 2020. A moderate estimation due to the expected demand and benefits.

The project is a perfect match to IT-2014/15 as it addresses challenges such as improving transportation, mobility and environment in parallel with accelerating growth, leadership and creating new job in Europe. The overall objective of the GEO (Green Efficient Outboard) project is to overcome pre-commercial barriers in order to launch OXE in 2017.

The objectives in this feasibility study will include e.g. improved business plan, IP strategy, distributor and production partner evaluation, technology risk reduction and a project plan to complete and demonstrate OXE (in phase 2). Cimco will execute the project in cooperation with their active owners (having vast expertise in expanding SME´s and Marine transport) and chosen 3rd parties well suited to support this project in a successful way.

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The information about "GEO" are provided by the European Opendata Portal: CORDIS opendata.