Introducing innovative process in "Vaptech" Ltd.

The project proposal focuses on introduction of innovative intelligent monitoring, prevention and predictive maintenance of hydro and electromechanical equipment process in "Vaptech" Ltd. The innovative process is based on data from "Semiconductor Hall element with parallel axis of sensitivity", which is own worldwide innovation, developed together with scientific organization and protected by patent. The sensor will be integrated into basic units of the equipment the company installs by the client, and thanks to its significantly improved characteristics allows optimal monitoring of equipment by measuring their physical parameters. This will lead to innovative intelligent monitoring and predictive maintenance process with accurate prediction of technical breakdowns before they occur. The project foresees providing the necessary assets and knowledge transfer for introduction the invention and the innovative process into the enterprise. The project implementation will lead to capacity expansion of an existing production facility offering monitoring and maintenance of hydro and electromechanical equipment, which will be significantly improved based on invention, protected by patent. The project implementation will lead to following effects both for the company's customers and in terms of effectiveness in "Vaptech" Ltd.: 1) reducing maintenance costs and downtime of plants due to accidents; 2) planned preventive shutdowns of hydropower and other plants in the moments that will generate at least losses; 3) increasing the equipment effectiveness and safety; 4) extended facility exploitation; 5) limited risks for the environment; 6) increased sales and financial results.

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Overview

Status Closed (completion date)
Start date 18 Jan, 2017
End date 27 Sep, 2018
Contract date 18 Jan, 2017
View in UMIS

Beneficiary

Financial information

Total cost 1,752,500.00
Grant 950,650.00
Self finance 801,850.00
Total paid 908,471.25
EU participation percent 85.0%

Location