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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 €

EC-Contrib. €

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.

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

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 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.	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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