#	Pagina
attuale pagina	/open-h2020/projects/223561/results.html

Report

Teaser, summary, work performed and final results

Periodic Reporting for period 1 - VRTK (Vision enhanced RTK: Deep integration of Real Time Kinematics (RTK) GNSS Positioning and Computer Vision)

Teaser

Summary

VRTK is an answer to the lacks in the navigation and positioning systems currently available in the market:
Inertial with GNSS solutions have update rates is 10 times lower than VRTKâ€™s, reliability is far inferior, they will not work properly when GNSS signal is lost (unlike VRTK), cannot incorporate neither data integrity validation nor motion planning, and the price of acceptable quality devices are over 3 times more expensive.
As for visual navigation solutions, there are hardly any products available on the market, and even if the potential competitors reached the market far earlier than expected, they would not be able to compete with VRTK: their accuracy is only relative and can vary from cm to m in magnitude, the solution rate is 4 times less than VRTKâ€™s, they have low reliability, and the price can be up to 2 times higher than VRTK.
Therefore, the focus of Fixposition is on the final development of VRTK: Vision-enhanced Real Time Kinematics, which addresses the need of the markets for an affordable navigation system with high reliability, high precision, and low latency.

Work performed

The Feasibility Report has planned the steps for VRTK to be commercialized making use of the EIC Accelerator:
Technological viability has been confirmed, with a clear roadmap to reach Technology Readiness Level 9 presented, and technological risks identified and adequately planned for.
Commercial feasibility was also ratified, with the multiple market segments available for VRTK identified, evaluated and dates of entry to ensure commercial success planned, accounting for regulations and market barriers, as well as the mapping of our supply-chain and dissemination opportunities.
The Financial feasibility work has mapped the break-even date for 2024, and Return on Investment as high as 30.5 by 2026 through revenue from the selected markets.
A round of private investment has already been opened, with the private funds required to reach TRL 8 with the EIC Accelerator already ensured, and projected funds which would ensure VRTKâ€™s development up to TRL 9 in due time after the EIC Accelerator were finished.

Final results

Our product, VRTK, will first be a big improvement of current positioning solutions, and in the near future, it will be a further enabler for the growing trend of automatization and autonomy in drones, robots and cars, with our advantages in high precision and high reliability making any potential future accidents far less likely, as we will rule out positioning issues.