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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.

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

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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