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S2S

Signals to Solutions: a change of paradigm in predictive maintenance market

Total Cost €

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EC-Contrib. €

0

Partnership

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 S2S project word cloud

Explore the words cloud of the S2S project. It provides you a very rough idea of what is the project "S2S" about.

share    disasters    breaking    eliminate    fine    pinpoint    annual    gaining    extend    breaks    varies    embed    technological    23    economic    linked    time    22    times    profits    downtime    direct    companies    integrate    2025    signals    predictive    assumptions    manufacturers    dominated    minimize    industrial    popularity    7m    industries    reduce    lifecycle    turnover    losses    schedules    accumulated    machines    maintenance    strategic    reflect    reproducing    hard    jobs    pm    rotating    aviation    84bn    competitor    64bn    risk    operation    fast    market    feasibility    anymore    2022    fit    vendors    stationary    few    created    99    offshore    s2s    machinery    intensity    industry    international    entry    standard    solutions    techniques    competition    models    8m    erase    representing    solution    analysing    tool    data    tuning    environmental    huge    speed    flexible    introduce    assets    productivity    barriers    unplanned    drilling    human    027    130    stationarity    decrease   

Project "S2S" data sheet

The following table provides information about the project.

Coordinator
SIGNAL ANALYSIS LAB AS 

Organization address
address: UDBYES GATE 11C
city: TRONDHEIM
postcode: 7030
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 https://signalanalysislab.com
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-06-01   to  2018-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SIGNAL ANALYSIS LAB AS NO (TRONDHEIM) coordinator 50˙000.00

Map

 Project objective

Rotating machinery downtime and breaking cause huge economic losses to industry. Due to this, Predictive Maintenance (PM) is gaining popularity among those manufacturers willing to extend their assets’ lifecycle, decrease maintenance costs and minimize unplanned production breaks. However, State-of-the-Art PM techniques are still based on old assumptions (i.e. signals stationarity) which do not fit anymore with the emerging flexible and variable production models. Signals to Solutions (S2S) is the only available PM tool capable of analysing at a fast speed non-stationary data, which better reflect real production cases, where the intensity of use of machines varies according to different time schedules, productivity needs and working conditions. S2S will be able to extend industrial equipment lifecycle by up to 4 times comparing with standard maintenance approaches, reduce by up to 130% the overall costs for equipment operation & maintenance, eliminate unplanned machinery downtime and erase the risk of environmental and human-related disasters linked to machinery failure. There is no competitor capable of reproducing our solution. PM is a fast-growing international market and is expected to reach € 8.84bn by 2022. Current PM market is dominated by few international companies and a direct competition with them would be hard. Therefore, in order to quickly access the market and avoid its entry barriers, we will establish strategic partnerships with: a) equipment manufacturers, to embed S2S directly in their equipment; b) current PM vendors, to integrate S2S in their PM solutions. Through our Feasibility Study we will pinpoint our strategic partners and identify the best technological fine-tuning for S2S. We aim to introduce S2S to key industries for the EU such as Aviation and Offshore drilling, representing a potential €64bn market. Our goal is to reach €23.8m annual turnover by 2025 (0,027% market share), with €22.7m accumulated profits and 99 new jobs created.

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The information about "S2S" are provided by the European Opendata Portal: CORDIS opendata.

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