Explore the words cloud of the Aladyn System Ph1 project. It provides you a very rough idea of what is the project "Aladyn System Ph1" about.
The following table provides information about the project.
ALADYN SYSTEM SL
|Coordinator Country||Spain [ES]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
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)
|Duration (year-month-day)||from 2018-12-01 to 2019-05-31|
Take a look of project's partnership.
|1||ALADYN SYSTEM SL||ES (VALLADOLID)||coordinator||50˙000.00|
To date, cable installations have dominated our way of understanding the electricity supply, but there are specific places where an electrical wiring is costly and difficult to install. Batteries and alternatives based on electromagnetic induction are presented as a portable solution that avoid the use of cables, yet they are not able to meet the demanding power requirements for most of devices. Aladyn System aims at launching to the market a novel wireless power technology based on magnetic resonance. This compact power source is easy to install and modular providing a great versatility versus other power alternatives. With that aim, we have developed a wireless power prototype, which complies with standards and we are in contact with lighting sector companies to guarantee our solution production. However, we still need to carry out full operational test to achieve the necessary certifications to be able to commercialize Aladyn, along with the design of a miniaturized Aladyn version. In order to guarantee our presence into the market we also need to forge commercial agreements with other strategic companies and potential clients as well as several dissemination and exploitation activities as attending specialized lighting and technology fairs and conferences. The market for Aladyn system is the wireless power market which was valued at € 2.5 bn in 2016 and its forecast is to grow at at a CAGR of 23.15% between 2017 and 2022. Following our business plan, we are going to produce near 17,000 units during the first year, achieving 60,000 units by the last year. In order to accomplish our goal, we have planned an investment of € 1 Million for the Aladyn project attainment. Based on the profitability of the project and assuming an average price of 100 € for each basic kit, we expect a cumulative revenue of €11.1 M by the third year, meaning a cumulative cash flow of € 9.2 M which considering a 3-years forecast will give us a ROI of 347%.
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The information about "ALADYN SYSTEM PH1" are provided by the European Opendata Portal: CORDIS opendata.
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