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ACOSPECTOR

The first Acoustic Chemometer for intelligent fluids analysis

Total Cost €

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EC-Contrib. €

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Partnership

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Project "ACOSPECTOR" data sheet

The following table provides information about the project.

Coordinator
ACOSENSE AB 

Organization address
address: STAMPGATAN 20A
city: GOTEBORG
postcode: 411 01
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 Sweden [SE]
 Project website http://www.acosense.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 2018-11-01   to  2019-02-28

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ACOSENSE AB SE (GOTEBORG) coordinator 50˙000.00

Map

 Project objective

The pressing need of EU process industry to remain competitive requires reducing production cost whilst increasing product quality and regulatory compliance. This is driving control of procedures and automation. For process industry, reliable and immediately available information of fluid properties is of utmost importance. Additionally, the need for reducing operation downtime and increasing safety is demanding non-invasive solutions. At present, no solutions exist that are able to address all these needs. We, Acosense, have developed the first acoustic chemometer, to analyse fluid properties in pipes or tanks that were previously considered difficult or impossible. It is based on the fact that sound is altered on its way through the fluid by complex acoustic damping. Its USP are non-invasive, real-time and continuous analysis and access to previously missing information, enabling savings in the range of €k or €M. The technology is patented and its development supported by several investors, public sector and research partners. ACOspector customers are process industries, including pulp and paper mills, chemical industry, food factories or waste water plants. We have already deployed 25 pilot installations in the pulp and paper industry in Sweden and Norway mostly. We have received interest from further clients in the chemical industry within Europe and overseas. Our main goal is to develop a solution that addresses all relevant properties for all processing industries. Standardization is key, since modelization is currently a very lengthy process that is limiting our scalability. Our vision is to make the inherent information in processes available. ACOspector business model includes a direct sale plus O&M service, and leasing. We expect profits in the margin of 40%. We estimate that by year 3 after Phase 2, a total sale of 1060 units resulting in €35M of accumulated revenues, generates more than 20 new full-time positions and accumulate profits of €14M.

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

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