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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.

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

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

Leaflet | Map data © OpenStreetMap contributors, CC-BY-SA, Imagery © Mapbox

 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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