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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.

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

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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