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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.

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

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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