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SMARTSTAIR SIGNED

Robotic Production of EPS Formwork for cost-effective Concrete Stairs

Total Cost €

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EC-Contrib. €

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Partnership

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 SMARTSTAIR project word cloud

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

containerized    countries    international    model    olafur    introducing    takes    polystyrene    designs    customers    assembled    famous    superior    internet    waste    88    building    formworks    addressable    days    blocks    64x    100m    time    severe    5    specifications    minutes    pain    iconic    5m    cluding    staircase    formwork    total    48bn    profile    company    manufacturing    few    penetrate    eps    2025    world    pioneer    expanded    added    molds    pending    innovation    manufacturers    form    industry    odico    manual    commercial    platform    massive    staircases    founded    fjordenhus    manufacturer    slash    casting    8    annually    patent    became    botics    designed    13bn    software    robotic    wire    dubai    alone    points    cutting    first    person    vejle    construction    hotwire    app    artist    full    groundbreaking    opportunity    headcount    market    turnover    23    87    generates    opus    cagr    smartstair    proprietary    tool    intensive    not    things    serviceable    industrial    denmark    2026    tons    expensive    replaces    people    licensing    faster    share    eliasson    hardware    2014    2012    business    ebitda    iot    ipad    250    producing    timber    ro    robot   

Project "SMARTSTAIR" data sheet

The following table provides information about the project.

Coordinator		 ODICO A/S 

Organization address
address: OSLOGADE 1
city: ODENSE
postcode: 5000
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˙354˙245 €
 EC max contribution 947˙971 € (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-EIC-SMEInst-2018-2020-3
 Funding Scheme SME-2b
 Starting year 2020
 Duration (year-month-day) from 2020-03-01   to  2021-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ODICO A/S DK (ODENSE) coordinator 947˙971.00

Map

 Project objective

Founded in 2012, Odico A/S is an international pioneer in the emerging field of ro¬botics for the construction industry. In 2014, Odico became the first company in the world to produce form¬work (i.e. molds for concrete casting) with robotic hotwire cutting and Expanded Polystyrene (EPS) blocks for a commercial project – the iconic Fjordenhus in Vejle (Denmark) designed by the world-famous artist Olafur Eliasson. We have completed over 250 robot manufacturing projects in 6 countries, in¬cluding several high-profile construction projects, such as the Opus Dubai building. Today, producing formworks (i.e. molds) for a typical concrete staircase takes up to 4 person-days. Our SmartStair innovation will do this in under 30 minutes; 64x faster than existing technology. SmartStair is a containerized, full-feature robot production system developed by Odico and currently patent-pending. It replaces non- value-added manual work and enables concrete manufacturers to slash formwork manufacturing costs by up to 88%. The system comprises a) an industrial robot with b) a proprietary wire-cutting tool, c) groundbreaking robot control software developed by Odico, and, d) all assembled in a containerized Internet-of-Things (IoT) platform. With the easy-to-use SmartStair App for iPad, the concrete pre-manufacturer designs the formwork according to project specifications, in just a few minutes. SmartStair addresses our customers’ severe pain points: building formworks for staircases is expensive, time-intensive and generates 100M tons of timber waste annually in Europe alone. The market opportunity is massive. Our Total Addressable Market is €2.13Bn and will reach €2.48Bn by 2026 at a CAGR of 5%. We aim to rapidly penetrate this market by introducing a far superior technology. Through our hardware software licensing business model, we expect a market share of 1.8% (of Serviceable Available Market), a turnover of €23.5M, EBITDA of €6.5M and headcount of 87 people by 2025.

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

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