Photo - OptimEase - CHEMTAB
32463

OptimEase - CHEMTAB

USA, New York
Market: Internet and IT, Petroleum refining, Production, Chemistry, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 10/17/2018
Min investment
$  150.000
0
Total required
$ 3.000.000
Rating
equalizer 175 из 1000
help
Calculated and estimated occupancy of the project (more about ratings)
My rating
1
2
3
4
5
6
7
8
9
10
Average rating:

Idea

Our software product, which has successful implementations, allows to efficiently operate the industrial plants using AI and ML technologies.

Current Status

Product implementation. We have successfull commercial product implementations in a several industrial plants.

Market

Customers, which has an industrial plants in different industries - Chemical production, oil refinery, petrochemical, oil&gas processing, fertilizers.

Problem or Opportunity

Increasing efficiency of Industrial plants:
- Increasing productivity
- Reducing losses of target products
- Reducing output of by-products
- Reducing cost per unit
- Icrease energy efficiency

Solution (product or service)

Product consist of 2 models:
- Thermodynamic model of the Customer's plant
- Statistical model of the Customer's plant, which is based on AI technologies, using historical and online data from the Customer's plant.
Combination of these 2 models allows to predict the changes in operation regime of the plant in a period of up to 1 hour in the future and allows to recommend the operator most effective way to operate the plant.

Competitors

AspenTech, Honeywell, Yokogawa

Advantages or differentiators

- Combination of two type of models
- Possibility of Integration the product's software to the Customer's existing control system or to the low-cost tablet
- Lower price of product
- High effect of product's implementation for Customers (up to $18 mln per year)

Finance

Direct sales of Chemtab to the Customers.

Our plans:
In first year - to earn $1 mln
In second year - to earn $1,5 mln
In third year - to earn $3,5 mln
In forth year - to earn $7,5 mln
In fifth year - to earn $12 mln

Money will be spent on

- Increasing of production the Chemtab
- Upgrading the version of Chemtab
Comments:

You need to login

5,00
1
2
3
4
5
1 voice
Log In/register
arrow_back
EN
more_horiz
close
visibility35
star0
Add to favorites
Delete from favorites
share
close
thumb_up0
Like
Unlike
Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Product Video