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EnCORE SIGNED

Machine state forecasting technology coupled with product quality control to unleash productivity for the manufacturing sector (EnCORE)

Total Cost €

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EC-Contrib. €

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Partnership

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 EnCORE project word cloud

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

market    networks    beverage    overheads    class    direct    industries    preparation    cold    fruit    demand    model    bottle    proprietary    solutions    roi    longer    investment    unplanned    forming    meet    trl    13    penetration    machinery    normal    hybrid    billion    adoption    complexity    commercialisation    razor    employ    machine    15    neural    platforms    pressing    impedes    downtime    predictions    prediction    profitability    food    solution    fuel    tremendous    43    unlocks    moulding    deep    uses    fit    workforce    sectors    blades    cumulative    plastic    monolithic    predictive    caps    breakthrough    industrial    compression    produces    manufacturers    83    hurts    rising    software    industry    customers    grow    million    defective    enclosures    sales    labelled    profits    forecast    iot    business    employees    goods    return    manufacturing    cope    oems    maintenance    fuelled    changing    game    rule    period    removing    validated    correspond    customer    learning    data    encore   

Project "EnCORE" data sheet

The following table provides information about the project.

Coordinator
CORE INNOVATION AND TECHNOLOGY OE 

Organization address
address: DELAGRAMMATIKA 5
city: CHALKIS
postcode: 34100
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 Greece [EL]
 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 2020
 Duration (year-month-day) from 2020-01-01   to  2020-04-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    CORE INNOVATION AND TECHNOLOGY OE EL (CHALKIS) coordinator 50˙000.00

Map

 Project objective

In the manufacturing sectors, the traditional planned maintenance approach is no longer viable, as it cannot cope with the ever-rising complexity of production systems. This pressing problem hurts industry’s profitability, and unplanned downtime costs industrial manufacturers €43 billion per year. This pressing problem has fuelled the growth of the predictive maintenance market. Currently, predictive maintenance solutions employ typical machine learning approaches based on monolithic rule-based predictions and require from the customer labelled data that correspond to defective machine states. This impedes the penetration of predictive maintenance in the industry. EnCORE is the fruit of 5 years of R&D to develop proprietary deep neural networks fit for predictive maintenance applications. Our solution uses best-in-class deep learning technology removing the overheads related with data preparation and enable the prediction of machine’s future condition using data that correspond to normal machine states. This is a game changing approach in the predictive maintenance industry. EnCORE is at TRL-6, with our software being validated at two different applications, (1) a compression moulding machine that produces plastic bottle enclosures/caps and (2) a cold forming machine that produces razor blades. Our target market will be the Food & Beverage and Consumer Goods industries targeting both OEMs of machinery and End-Users use such machinery. To take our product to the market, we will employ an hybrid business model using both direct sales and sales through industrial IoT platforms. EnCORE’s unique offering unlocks tremendous value for our customers; this will fuel the adoption of our solution by the industry. In the commercialisation period, we forecast cumulative profits of about €15 million with a strong Return on Investment (ROI) of €13 million. This will allow us to grow our workforce by 83 new employees, to meet the expected market demand for our breakthrough product.

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

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