Summary
European and global steel industry are facing several challenges, including meeting the high international quality standards.
ISEND is a SME founded in 2006 and a acknowledged worldwide expert in industrial Non Destructive Test (NDT) systems that is participated by the Venture Capital ”Sodical” to support its international growth. ISEND has identified a need from its customers (spread trough Europe, Asia, North&South America) in a specific niche market of the Hot rolling mill industries for metal wire rod to which the current commercial solution have strong weakness.
In this market, the producers are required to fulfil quality standards for surface cracks lower than 1% of diameter. Claims from customers against the lack of these standards can reach 4% of total plant year production. Surface cracks inspection technologies, are difficult to implement due to plants harsh environment (1200 ºC and rolling speeds up to 120 m/s), massive production rates (>10 Mton/year). Those systems must also deal with different alloy grades, applications, and final product sizes (diameters covers from 5 to 90 mm, wire coil lengths range is from 14,000 m to 750 m).
Our proposed system EddyEyes® is a surface quality control system for Non Destructive Testing of metal products in production plants and is able able to detect, locate, display and storage surface cracks as smaller as 50 µm deep at 120 m/s rolling speed and 1200 ºC temperature in continuous operation.
EddyEyes® selling price would be 0,4M€ (50% lower than our main competitors) what will allow the enduser payback period be less than 1 year.
We have estimated that the worldwide market size for this product will be of 2.000 industries, from which we forecast that at least 20% will be interested in an improved quality control system.
We foresee to be able in 5 years to position ourselves as leader in this niche market, reaching around 20% of the worldwide market and a turnover of 24 Million euro and creating 80 employees
ISEND is a SME founded in 2006 and a acknowledged worldwide expert in industrial Non Destructive Test (NDT) systems that is participated by the Venture Capital ”Sodical” to support its international growth. ISEND has identified a need from its customers (spread trough Europe, Asia, North&South America) in a specific niche market of the Hot rolling mill industries for metal wire rod to which the current commercial solution have strong weakness.
In this market, the producers are required to fulfil quality standards for surface cracks lower than 1% of diameter. Claims from customers against the lack of these standards can reach 4% of total plant year production. Surface cracks inspection technologies, are difficult to implement due to plants harsh environment (1200 ºC and rolling speeds up to 120 m/s), massive production rates (>10 Mton/year). Those systems must also deal with different alloy grades, applications, and final product sizes (diameters covers from 5 to 90 mm, wire coil lengths range is from 14,000 m to 750 m).
Our proposed system EddyEyes® is a surface quality control system for Non Destructive Testing of metal products in production plants and is able able to detect, locate, display and storage surface cracks as smaller as 50 µm deep at 120 m/s rolling speed and 1200 ºC temperature in continuous operation.
EddyEyes® selling price would be 0,4M€ (50% lower than our main competitors) what will allow the enduser payback period be less than 1 year.
We have estimated that the worldwide market size for this product will be of 2.000 industries, from which we forecast that at least 20% will be interested in an improved quality control system.
We foresee to be able in 5 years to position ourselves as leader in this niche market, reaching around 20% of the worldwide market and a turnover of 24 Million euro and creating 80 employees
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/728974 |
| Start date: | 01-06-2016 |
| End date: | 30-11-2016 |
| Total budget - Public funding: | 71 429,00 Euro - 50 000,00 Euro |
Cordis data
Original description
European and global steel industry are facing several challenges, including meeting the high international quality standards.ISEND is a SME founded in 2006 and a acknowledged worldwide expert in industrial Non Destructive Test (NDT) systems that is participated by the Venture Capital ”Sodical” to support its international growth. ISEND has identified a need from its customers (spread trough Europe, Asia, North&South America) in a specific niche market of the Hot rolling mill industries for metal wire rod to which the current commercial solution have strong weakness.
In this market, the producers are required to fulfil quality standards for surface cracks lower than 1% of diameter. Claims from customers against the lack of these standards can reach 4% of total plant year production. Surface cracks inspection technologies, are difficult to implement due to plants harsh environment (1200 ºC and rolling speeds up to 120 m/s), massive production rates (>10 Mton/year). Those systems must also deal with different alloy grades, applications, and final product sizes (diameters covers from 5 to 90 mm, wire coil lengths range is from 14,000 m to 750 m).
Our proposed system EddyEyes® is a surface quality control system for Non Destructive Testing of metal products in production plants and is able able to detect, locate, display and storage surface cracks as smaller as 50 µm deep at 120 m/s rolling speed and 1200 ºC temperature in continuous operation.
EddyEyes® selling price would be 0,4M€ (50% lower than our main competitors) what will allow the enduser payback period be less than 1 year.
We have estimated that the worldwide market size for this product will be of 2.000 industries, from which we forecast that at least 20% will be interested in an improved quality control system.
We foresee to be able in 5 years to position ourselves as leader in this niche market, reaching around 20% of the worldwide market and a turnover of 24 Million euro and creating 80 employees
Status
CLOSEDCall topic
SMEInst-02-2016-2017Update Date
27-10-2022
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H2020-EU.2.1.2. INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies – Nanotechnologies
H2020-EU.2.1.3. INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Advanced materials
H2020-EU.2.1.5. INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Advanced manufacturing and processing
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