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CR-Compressor

Centric Recipocating Compressor

Total Cost €

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EC-Contrib. €

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Partnership

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Project "CR-Compressor" data sheet

The following table provides information about the project.

Coordinator
OTECHOS AS 

Organization address
address: HOVEDGATA 13
city: TVEDESTRAND
postcode: 4900
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 Norway [NO]
 Project website http://otechos.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy)
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 2016
 Duration (year-month-day) from 2016-04-01   to  2016-09-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    OTECHOS AS NO (TVEDESTRAND) coordinator 50˙000.00

Map

 Project objective

Acknowledging that energy prices define competitiveness of many industries and compressors represent energy-hungry core manufacturing technology, Otechos aims to offer market leading energy-efficient compressor technology for industrial applications, being the natural choice for industries seeking environmental friendly solutions with low total cost of ownership. With a new, premium type industrial compressor (CRC) for air and gases, based on our patent pending Centric Reciprocating Technology (CR-T), we will disrupt the existing, fast growing market for industrial compressors by offering end-customers 30% less energy consumption than existing technology, yielding improved competitiveness through reduced total cost of ownership while offering substantial environmental benefits. It not only meets key purchasing criteria, it defines a new standard. By offering the CRC as core component in turnkey compressor solutions delivered by strategic partners, Otechos, with its entrepreneurial and competent management team, will draw strengths from existing market channels and international partnerships. Initial penetration will focus on CRC application in nitrogen production generators for marine and oil & gas. New partnerships, to be initiated in phase 1, will open up the global potential in the broader €25,6 billion (2020) compressor market offering a CAGR of 7,1%. The P/L forecast shows a highly profitable business from year 3, following an investment of €2,3 mill and initial penetration of UK, Germany and Norway. As a bonus, the core technology CR-T has unique characteristics that makes it applicable in other areas as OTTO-type engines, pump technologies and gas / steam expander machines. Hence multiple business opportunities surface beyond compressor applications. Phase 1 will detail the rich potential of the patent pending technology and enhance the business plan.

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The information about "CR-COMPRESSOR" are provided by the European Opendata Portal: CORDIS opendata.

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