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HIGH HYDRAULIC

High-efficient digitalized portable hydraulic equipment

Total Cost €

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EC-Contrib. €

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Partnership

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 HIGH HYDRAULIC project word cloud

Explore the words cloud of the HIGH HYDRAULIC project. It provides you a very rough idea of what is the project "HIGH HYDRAULIC" about.

industries    consist    revenues    defense    replacement    consequently    give    aerospace       sales    environmental    variety    gains    tools    platform    05m    things    portable    material    monitoring    threats    net    tool    22    93    damages    solution    4m    handling    nonetheless    device    gain    company    14    safety    considering    energy    65m    certifies    internet    36m    data    performed    market    digitalized    trigger    cycles    time    providers    transfers    models    industrial    downtime       customers    multitude    deg    monitors    2022    agriculture    mining    productivity    validity    quality    grow    connectivity    11    risks    invested    efficient    operation    drives    losses    record    gas    construction    pipeline    performance    profits    versatility    revenue    hydraulic    sensors    estimate    power    pressure    euros    single    completion    commercialized    accurate    app    roi    first    billion       oil    investment    human    iot   

Project "HIGH HYDRAULIC" data sheet

The following table provides information about the project.

Coordinator
ALKAR S COOP LTDA 

Organization address
address: POLIGONO INDUSTRIAL SOROXARTA PAB 18 A
city: IRUN
postcode: 20303
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 Spain [ES]
 Project website http://www.alkarcoop.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 2019
 Duration (year-month-day) from 2019-05-01   to  2019-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ALKAR S COOP LTDA ES (IRUN) coordinator 50˙000.00

Map

 Project objective

Hydraulic power drives a variety of devices in a multitude of industries, and due to its versatility and power, the market is expected to grow up to $11.93 billion by 2022. Construction, agriculture, material handling, oil and gas, aerospace, defense, and mining are some of the industries where hydraulic power use is so widespread. Nonetheless, in spite of its usage, yet the monitoring of the hydraulic tool is not accurate neither obtained at real-time. Consequently, these industries still face equipment downtime & replacement which trigger billion euros production losses, environmental damages, and human safety threats. In response, we have developed the first Internet-of-things (IoT) hydraulic system in the high-pressure hydraulic tools market that monitors the hydraulic tool performance, analyses and certifies the validity and quality of the operation performed by the device at the time of its completion. Our high-efficient digitalized portable hydraulic system consist on embedded sensors that record the performance of the tool (i.e. time, pressure, energy use, n° of cycles), and a connectivity system that transfers the data to our App and our platform for data analysis. Our IoT system is commercialized within our tools, a pipeline of more than 40 models, and is also available for other tools providers (including some old tools where our solution can be integrated) Our IoT system will enable a reduction of the productivity losses of our customers & human safety and environmental risks. We can estimate revenue gains of €2.4M/year (11.7% of gain) for a single industrial company. Furthermore, after 4-year sales, it will give net revenues of ~€50.65M, net profits of ~€22.36M and considering the investment of €1.05M, a ROI of ~5.14 euro per € invested.

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

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