Company Website: https://www.feacomp.com
Company Email: info@feacomp.com
Employees: 7
Funding State: Bootstrapped
Industries
- Maritime
Technology
- 3D Printing
- Cloud Computing
- Nanotech
- Other
- Software
Business Model
- B2B
Revenue Model
- Licencing
- Price per Item
- Price per Use
- Subscription
Funding Sources
- Self
About
FEAC Engineering is a leading solutions provider in physics-based Simulation Driven Engineering. The company applies simulation & engineering expertise to solve challenging & complex problems and provides state of the art solutions throughout the product development cycle, from concept design & performance simulation to prototype testing.
Solution & Product
With science making big leaps every day by translating analytical methods into convenient computer software, computer aided engineering (CAE) has become the ultimate tool of the R&D process. Virtual engineering helps to ensure that the features you build into your product will operate as designed in real conditions. Because of its incredible power to replicate how products perform in the real world, engineering simulation has revolutionised the product development process. By minimising costly physical testing, accelerating time to market, and enabling game-changing design innovations in a low-risk virtual environment, simulation has helped businesses in every industry achieve significant competitive advantages. The various numerical techniques FEAC uses enable quick, efficient and cost-effective product development throughout the development process. It has become the ultimate tool for companies to fulfil customer promises and deliver optimized high-quality products.
Innovation & Scalability
By taking advantage of FEAC's provided services, simulation tools and solutions, one can benefit by: 1. Address Industry's challenges: i) Fulfill requirements ii) Front-load design decisions iii) Validate performance earlier iv) Design complex products/structures/systems faster 2. Meet the challenges: i) Predict performances ii) Balance conflicting attributes iii) Benchmark multiple options iv) Reduce prototyping and testing cost v) Reduce risk vi) Optimized design R&D plays a critical part in FEAC’s development as an investment in technology and future capabilities, which will be transformed into new or improved products and services. This will provide the ability to remain competitive and create value for the customers not only for immediate use but for long term sustainability. Being strongly driven by R&D and innovation mentality, the company participates in International (H2020, Interreg, ESA) and National (Research -Create -Innovate, Region of Western Greece -RIS3) research projects, in international exhibitions, trade shows and conferences in a wide range of industry sectors. Thus, FEAC is able to fully undertake the R&D activities of potential new or existing customers. FEAC’s R&D actions aim at building and establishing a collaborative dynamic ecosystem with customers, business partners, service providers, suppliers, and communities.
Traction & achievements
1. 2014 - FEAC delivers its 1st project for CERN regarding the most powerful super conductive accelerator Magnet. Since then, FEAC is among the few Greek companies that have built a continuous and trustful collaboration with CERN. 2. 2014 - 1st Global Award in the "2014- HALL OF FAME SIMULATION COMPETITION" by ANSYS 3. 2014-207: Participation in some of the most well known Greek Inubators & Accelerators such as Orange Grove, EGG, EkkinisiLab, MITEF Greece, Blue Growth. 4. Official Member of National Associations and Clusters: HEMEXPO, Si-Cluster, EBIDITE, HETIA, SEKPY, HELDIC, STRATEGIS, ELETAEN 5. 2016 - FEAC collaborates with the Mechanical & Aeronautical Department of Patra's University for the develoment of PITHIA software, consisting of three modules: i) PITHIA-CP, ii) PITHIA-EM, iii) PITHIA-FSI 6. 2017- FEAC participates ESA's (European Space Agency) JUICE (JUpiter ICy moons Explorer) Space Mission 7. 2018 - FEAC as the first and only Greek Start-Up Company participating in CERN's BIC 8. 2018 - Due to FEAC's great and proven expertise in Simulations, Siemens DISW (Digital Industry Softwares) nominates FEAC as an official Smart Solution Partner for Greece-Cyprus-Malta. 9. 2019 - FEAC exceeds further its partnership with Siemens DISW by joining the Siemens Solution Partner Program as an official Software & Technology Partner. 10. 2021 - PITHIA-CP a powerful solution for cathodic protection integrated and available as add-on to the Siemens Simcenter software.
Team & Why Us
The increasing demand in CAD drafting and FE modelling, due to the numerous advantages they offer over traditional designs, force many companies to re-evaluate the way they design their products. Many companies, especially small to medium sized ones, face difficulties adopting this new methodology often due to shortages in manpower, budget, knowledge, experience and deadlines set by their clients. They still require drawings, models, simulation, optimized results and presentations at top professional levels but since they can’t run an in-house CAD and FEA department, they have to outsource. They need the assistance of FEAC services.FEAC provides the perfect solution for such situations, with no need to expand your offices or recruit more staff. You can now easily outsource your projects to be accomplished with the highest of standards. Collaborating with us reduces your expenses, increases your profit and helps you gain more marketshare over your competitors. Not only businesses can benefit from FEAC services. Universities and R&D centers have used our services numerous times due to the time and cost effectiveness FEAC can provide.FEAC has a wide range of services which can be beneficial to almost any industry that needs any kind of product development or analysis. Be sure to contact us about your next project and find out how we can help.
Funding Needs
FEAC is currently looking for funding opportunities for the faster development of PITHIA's portfolio and more specifically for the development of PITHIA-EM (electromagnetics) module and PITHIA-FSI (fluid-solid interaction) module.
Physics-based Engineering Simulation & Digital Twins