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MatManager SIGNED

MatManager - New standard in road construction efficiency

Total Cost €

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EC-Contrib. €

0

Partnership

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 MatManager project word cloud

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

patent    slashing    tender    turnover    market    firstly    distributor    deficient    full    enabled    8    solutions    17m    internet    secondly    total    4m    2025    least    validate    road    repaved    revenues    hardware    contractors    meeting    measuring    ebitda    mat    people    destroyed    industries    budget    110    2021    5m    confirmation    consistent    additional    construction    technologies    172    pilot    2017    matmanager    serious    software    overcomes    pending    issue    machinery    efficiency    person    share    pioneering    94bn    quality    standards    spending    plan    analytics    globally    documented    precise    optimize    completely    platform    250bn    job    things    model    prone    operations    shown    tf    jobs    leader    overspend    re    30    km    combining    commercialization    opportunity    goals    23bn    objectively    specifications    paving    world    solution    basic    employment    business    trl    200k    1978    disrupt    21    q1    24    electronic    scalable    founded    134    building    actually    team    documentation    found   

Project "MatManager" data sheet

The following table provides information about the project.

Coordinator		 TF-TECHNOLOGIES A/S 

Organization address
address: KRATBJERG 214
city: FREDENSBORG
postcode: 3480
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 Denmark [DK]
 Total cost 1˙411˙875 €
 EC max contribution 988˙312 € (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-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-05-01   to  2020-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TF-TECHNOLOGIES A/S DK (FREDENSBORG) coordinator 988˙312.00

Map

 Project objective

TF-Technologies A/S, founded in 1978, is a world leader in the development and production of electronic control solutions for road construction machinery. Our 21-person team gathers 110 years of experience in the road construction and IT industries. In 2017, we generated revenues of €5.17M. Globally, it is estimated that road authorities overspend €250Bn (30% of total cost) for road construction and re-paving every year. The issue is that road building operations are prone to serious problems. Firstly, there is no way of objectively measuring road quality parameters. Secondly, if a road is found to be deficient, it must be destroyed and repaved. The MatManager system, combining hardware and software, is pioneering a completely new market for road construction efficiency. It overcomes the known issues and has already been shown to help ensure consistent road mat quality and optimize costs. It will disrupt the road construction market by providing an effective, precise and standards-driven solution. The aim of this project is to bring our Internet-of-Things enabled MatManager to market. A basic solution has been used by 50 contractors on over 134 road jobs. This provided confirmation of objective road quality measurements and documented the potential to ensure that contractors are actually meeting job tender specifications. We have advanced the solution with a patent-pending analytics and documentation platform. Now, we want to validate the advanced solution in a large-scale pilot to reach TRL 9 and full commercialization in Q1 2021, slashing spending on road projects by at least €200K/km. In order to reach these goals, we plan a budget of €1.4M for this Phase 2 project. The business opportunity is significant. Our market is €1.94Bn and will reach €3.23Bn by 2025. Through our scalable distributor-based business model, we expect a market share of 1.8%, a turnover of €50.5M, EBITDA of €24.5M and additional employment of 172 people by 2025.

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

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