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MatManager SIGNED

MatManager - New standard in road construction efficiency

Total Cost €

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EC-Contrib. €

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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.

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

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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