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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.

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

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.