ColorBOX SIGNED

Project "ColorBOX" data sheet

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 Partnership

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Map

 Project objective

As Pico Technology & Solutions we are a Value-Added Distributor based in Reggio Emilia distributing technology, software and IT solutions since 1987. Amongst our clients are Apple Premium Resellers, Corporate Resellers, Value Added Resellers and Systems Integrators. We have developed a solution (ColorBOX) under the Publishing, Prepress and printing business unit. We are focussing on the prepress colour management segment of the printing industry set to grow from €71.7B in 2017 to €131.4B in 2025. ColorBOX is an all-in-one solution that automatically optimizes the printing properties of PDF and image files in the printing workflow. It also enhances the images according to International Color Consortium (ICC) standards and colour profiles for typical prepress workflow. Target user include digital printers, commercial printers, WIDE Format Digital Printers, newspapers as well as editorial companies. Our solution offers the following benefits: * Reduction in raw material needs [35% ink savings, 0% printing error] * 90% Reduction in disposal costs * Reduction in operational costs [50% faster printing time, 10% reduction personnel cost, 30min starting time] * Easier compliance to industry standards and regulations [ICC optimized image colour profile] Having invested €0.5M to produce a technically viable prototype, we are progressing our development to a commercial version. We will undertake a Phase 1 project to finalise functionality and specifications for the dashboard, the specific end-user demographics as well as search for development and commercial partners for technical and commercial success. In addition to developing a detailed Intellectual Property strategy and dissemination plan, we will also outline the activities and timelines we will adhere in the Phase 2 project towards a 2019 market launch. We anticipate that ColorBOX will yield a turnover of €17.2M and cumulative profit of €7.5M by the 5th year on the market.