AxleRing SIGNED

Project "AxleRing" data sheet

The following table provides information about the project.

 Partnership

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Map

 Project objective

Railway plays a central role in European logistics and it is continuously growing. With the increasing importance of rail transport as the greenest mode, there is an urgent need on safety, efficiency, performance and availability to ensure its sustainability. Companies acting in railway sector are under cost pressure which triggers the need for optimization and higher productivity, mainly through digital solutions and innovations. Owners of railway wagons such are railways, wagon manufacturers and keepers and logistic companies, seek the possibility of smart solutions for continuous remote monitoring of their expensive wagon flotillas and loads. They could save billions on maintenance and transportation costs if they know which wagon has to be maintained in which time and achieve better visibility over their supply chain. Broad economic, social and environmental impacts of a commercializing the patented self-charging remote monitoring AxleRing device are centred mainly on prevention of derailments, protection of expensive assets and loads together with optimization of maintenance and logistics, resulting in considerable savings, higher productivity and saved human lives. The aim of this project that belongs to the TRL 6 is to develop marketing and deployment process and organization to support internationalization of AxleRing. The feasibility study is focused on assessment of “go-to-market” options, extension of the legal protection and business plan update. AxleRing project aims at generating annual turnover of 45 million EUR by the end of 2021. The project is a strategic initiative for growth and transformation of the company from an innovation-driven entity, to a market-oriented SME with scale-up partnership based business model. The aim of the Phase 1 project is so to check the feasibility of scaling-up the AxleRing concept for commercialization and bring this breakthrough innovation to European and North American markets, e.g. by the SMEI Phase 2 funding.