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PRECISE SIGNED

Pulsed eddy current inspection system for pipeline health monitoring

Total Cost €

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EC-Contrib. €

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Partnership

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 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.

million    2023    business    steel    feasibility    commercialise    eddy    precise    pipelines    instrument    commercialisation    inspection    perform    market    ndt   

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]
 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 UK (ST ALBANS HERTFORDSHIRE) coordinator 50˙000.00

Mappa

 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.

 Work performed, outcomes and results:  advancements report(s) 

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

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