Company Website: https://www.thesarmproject.com
Company Email: stephanos@thesarmproject.com
Employees: 1
Funding State: Bootstrapped
Industries
- Manufacturing
Technology
- Cleantech
- Drones
- Hardware
- Other
Business Model
- B2B
- B2G
Revenue Model
- Licencing
- Price per Item
Funding Sources
- Grant
- Other
- Self
About
- As humanity progresses, its needs in energy and mobility requirements are growing exponentially. These requirements bring a heavy toll to the environment and all economies across the planet. - All manufacturers and researchers are focusing on increasing the environmental benefits of internal combustion engines (still the dominant tech in mobility, transportation and other operations), compressors, expanders and pumps, in order to decrease their energy requirements and (in the case of int. combustion engines) their emissions to the environment. - Every year, new regulations are introduced requesting less emissions & electricity consumption limits. - In 2022, the war in Ukraine has resulted to a severe need of even less electricity consumption machinery and products. At the same time, all alternative technologies being introduced (e.g. electric engines, alt. energy sources) need time to be adopted by the end-users and consumers or adequately cover the needs mentioned above.
Solution & Product
We are introducing new, patented, types of internal combustion engines and compressors, that heavily lower power consumption requirements and increase efficiency in such high levels, that make them game changers in their respective applications and ideal solutions for applications that are still not covered by alternative energy sources & technologies. SARM engine - Higher performance: 40% vs 32% - 50% smaller & lighter - More efficient: constant fuel consumption - Greener: up to 80% NOx emissions reduction & no lubrication requirements - Less maintenance costs: fewer moving parts & material stress, no lubrication - Future ready: working with NG, eFuels, H2, LPG Compressor (SARC) & expander (SARX) - Rotary technology: the most efficient & better performing type in the industry - No lubrication - Higher performance: 64%-90% - Higher peak pressure: 40% - More efficient: 38% energy savings - 50% smaller & lighter
Innovation & Scalability
Our innovation is the new design of engines and machines, that are already required by the market, which: - Scale their performance at impressive levels - Address environmental issues better than all technologies currently available in the market - Significantly lower ownership and operational costs Our patented technology is the main vehicle of our innovation, but our strategy is the second factor that greatly differentiates us from competitive tech developers: - focus on applications instead of developing a generic engine/tech - focus on environmental features - focus on low construction & maintenance costs - identification of new applications - emphasis on academic acknowledgement None of our competitors is covering all of the above in their strategic approach. They are all focusing on proving their concepts and are targeting current applications.
Traction & achievements
2006 Patented SARM tech in 16 countries 2010 (attached) winner of the Honda Initiation Grant Europe 2010 contest: the Prize was for the concept idea of the SARM engine 2011 TRL 3 with gasoline (Int. combustion engine SARM) 2015 1st Prize in the program "Entrepreneurship in Action” - Laboratory for Investments Applications (National and Kapodistrian University of Athens) 2015 Climate Launchpad competition 2015 Greece&Cyprus 2016 John & Mary Pappajohn Business Plan Competition Award 2017 - company establishment - ΕΣΠΑ «ΝΕΟΙ ΕΡΕΥΝΗΤΕΣ» 2019 MITEF Winner (Energy Track sector) 2021 - (Runner up) European Connected Factory Platform for Agile Manufacturing in collaboration with Delta MPIS (Technology Park - Demokritos) - 1st US patent app - TRL 3 with Hydrogen & natural gas (SARM) 2022 - 2nd US patent app - Horizon Europe: Hubcap I4MS in collaboration with Delta MPIS (Technology Park - Demokritos) - TRL 3 (expander & pump) - TRL 4 (compressor)
Team & Why Us
Savvas Savvakis is the founder, inventor of our technologies and CTO of our company. - 20+ years experience in R&D, - EU expert in ICE technology - Head of Bio-eng. dpt. (BETA CAE 2012-14) - 9 honours& awards – 20 publications - Patent owner - LinkedIn: https://www.linkedin.com/in/savvassavvakis Stephanos Savvakis is the cofounder, responsible for our company's business development. - 20+ years in Mktg & Business development - LinkedIn: https://www.linkedin.com/in/stephanossavvakis We are actively supported by professors and experts of various universities (AUTH, NTUA, Uni of Patras, Uni of W. Macedonia) and the industry (BETA CAE systems, Convergent Science). Via the Atlas program, dozens of students from various Greek Universities are doing their internships with us. Currently we are increasing the size of our team, by adding experts from the manufacturing and research fields. Yuro Gwon has recently joined us, taking over the technical and business development of our company in Asia, with South Korea being the base of our operations.
Funding Needs
We are currently opting for €1.5M in order to reach TRL7 and licensing capabilities for our air/gas compressor and reach TRL 6 of our rotary engine.
Designing and developing engines & machines of high efficiency and low power requirements