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PRECISE

Pulsed eddy current inspection system for pipeline health monitoring

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

PRECISE project word cloud

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

services nde validated 14 prevent 280 trl6 preventing serious specialist cagr damages revenue material 295 assets inspection composite bare business commercial 5m ing pipe market 9 generating reduce precise commercialise extra purchase risk calculation turnover feasibility examination ideal remaining geometries limited considering disasters belief aligned ultimate happening jobs pipelines thickness potentially 2023 destructive 6m company steel property perform commercialisation leaks 494 reinforce advantage wall planning eddy competitiveness intellectual integrity pipeline accelerate gas instrument bond pipes device spillages ether detection eliminates profits financial multiple 2017 realistically sme inspect negative innovation strategy ndt fast generate 2012 introduce million

Project "PRECISE" data sheet

The following table provides information about the project.

Coordinator	ETHER NDE LIMITED Organization address address: ENDEAVOUR HOUSE 18 BRICK KNOLL PARK ASHLEY ROAD city: ST ALBANS HERTFORDSHIRE postcode: AL1 5UG 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	United Kingdom [UK]
Project website	http://www.ethernde.com
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3.5. (SOCIETAL CHALLENGES - Climate action, Environment, Resource Efficiency and Raw Materials) 2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-1-2016-2017
Funding Scheme	SME-1
Starting year	2017
Duration (year-month-day)	from 2017-03-01 to 2017-08-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	ETHER NDE LIMITED ETHER NDE LIMITED Organization address address: ENDEAVOUR HOUSE 18 BRICK KNOLL PARK ASHLEY ROAD city: ST ALBANS HERTFORDSHIRE postcode: AL1 5UG 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.	UK (ST ALBANS HERTFORDSHIRE)	coordinator	50˙000.00

Map

Project objective

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