The overall conclusion of the Phase 1 study has been that the Optium technology has great potential and interest beyond smartphone accessory market and can be installed directly into walls in offices, bedrooms, caravans etc. In fact, the feasibility study has helped us to identify a new market application for Optium, which result in a high level of interest among hotels, electrical and construction companies. Developing a product for this new potential market will have a great economic impact on our company and a positive impact on the e-waste reduction in Europe. In addition, having a product portfolio for several applications will minimize product launch risks and allow us to offer a complete solution to a wider spectrum of users. The expected results are:
- Increase smartphone total battery lifespan by up 200- 300%. Optium interacts and overrides standard battery charging schemes implemented by default in smartphones/tablets;
- Increase usability: Optium can easily work with any smartphone device and tablet;
- Eliminate fire threat: Optium is constantly monitoring current, voltage and temperature between the charger and the device;
- Reduce e-wasted on Optium monitored smartphones. By significantly increasing battery total lifetime by 3X - we expect that Optium users will keep their smartphones on average 40% longer and reduce e-waste per capita accordingly;
- Our projection clearly demonstrates the commercial potential of our solution, which recoups the estimated €3,000,000 (the est. EIC Accelerator funding + own contribution) investment by 2024. By 2025, we foresee to earn more than €18m profit yearly. Our forecast estimates cumulative profits of €23m by 2025 with a return on investment of 669%;
- We estimate that the sales of the Optium project will allow us to increase our workforce up to 40 full time employees by year 4 post-project. These will mainly be related to high value jobs within engineering, business development, sales and marketing, as well as support and after-sales staff;
- We will install Optium patented technology not only on smartphone chargers, but also on walls on caravans, bedrooms, hotel rooms, and houses. This will allow us to target more customer segments and increase sales and socio-economic impact.
