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MatManager SIGNED

MatManager - New standard in road construction efficiency

Total Cost €

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EC-Contrib. €

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Partnership

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 MatManager project word cloud

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

prone    technologies    actually    least    hardware    standards    172    optimize    model    solutions    17m    leader    23bn    internet    30    basic    budget    overcomes    disrupt    completely    mat    construction    documented    paving    issue    business    world    founded    precise    pioneering    total    commercialization    re    secondly    8    job    globally    4m    revenues    scalable    contractors    objectively    km    jobs    specifications    94bn    2017    deficient    documentation    matmanager    full    solution    measuring    24    market    road    industries    1978    distributor    operations    110    134    people    200k    250bn    machinery    5m    pending    destroyed    things    found    plan    share    shown    analytics    enabled    opportunity    q1    team    spending    turnover    efficiency    21    patent    building    platform    ebitda    consistent    trl    electronic    overspend    combining    validate    confirmation    tf    employment    quality    software    2021    goals    slashing    tender    2025    person    serious    additional    pilot    firstly    repaved    meeting   

Project "MatManager" data sheet

The following table provides information about the project.

Coordinator		 TF-TECHNOLOGIES A/S 

Organization address
address: KRATBJERG 214
city: FREDENSBORG
postcode: 3480
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˙411˙875 €
 EC max contribution 988˙312 € (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-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-05-01   to  2020-06-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    TF-TECHNOLOGIES A/S DK (FREDENSBORG) coordinator 988˙312.00

Map

 Project objective

TF-Technologies A/S, founded in 1978, is a world leader in the development and production of electronic control solutions for road construction machinery. Our 21-person team gathers 110 years of experience in the road construction and IT industries. In 2017, we generated revenues of €5.17M. Globally, it is estimated that road authorities overspend €250Bn (30% of total cost) for road construction and re-paving every year. The issue is that road building operations are prone to serious problems. Firstly, there is no way of objectively measuring road quality parameters. Secondly, if a road is found to be deficient, it must be destroyed and repaved. The MatManager system, combining hardware and software, is pioneering a completely new market for road construction efficiency. It overcomes the known issues and has already been shown to help ensure consistent road mat quality and optimize costs. It will disrupt the road construction market by providing an effective, precise and standards-driven solution. The aim of this project is to bring our Internet-of-Things enabled MatManager to market. A basic solution has been used by 50 contractors on over 134 road jobs. This provided confirmation of objective road quality measurements and documented the potential to ensure that contractors are actually meeting job tender specifications. We have advanced the solution with a patent-pending analytics and documentation platform. Now, we want to validate the advanced solution in a large-scale pilot to reach TRL 9 and full commercialization in Q1 2021, slashing spending on road projects by at least €200K/km. In order to reach these goals, we plan a budget of €1.4M for this Phase 2 project. The business opportunity is significant. Our market is €1.94Bn and will reach €3.23Bn by 2025. Through our scalable distributor-based business model, we expect a market share of 1.8%, a turnover of €50.5M, EBITDA of €24.5M and additional employment of 172 people by 2025.

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

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