Icelandic SME has conducted extensive research into wave impacts & vessel movements in order to develop a system for guided vessel operations and is looking for commercial and technical cooperation. The system prevents possible hazardous slamming impacts to vessels and reduces likelihood of vessel mishandling by providing actionable guidance and insights to operators. Result is improved safety and cost reduction from vessel and equipment maintenance, reduced fuel consumption, and insurance claim
The company was founded in Iceland in late 2018. The team behind the concept comes from a diverse background, from business development to mechanical engineering, boat building, education, banking, and medical devices. The idea behind the company developed out of its own need to measure impact forces affecting the boats that it was working on developing back when the team was involved in the boat building industry. At the same time, a number of incidents occurred on high-speed boats in Iceland that resulted in serious injuries. Connecting the two problem areas, the company set out to develop a concept for a system capable of providing captains with guiding information about their journey. What began as a simple screen with color indicators, fixed to the console of a high-speed vessel, has now developed into a full-fledged intelligent guidance and fleet management system. The Icelandic SME seeks partnership with builders of recreational and workboats for integration of the guidance system in vessel new builds. It also seeks partnership with yacht management companies, mariner training academies and marine insurance companies for integration of it´s guidance system with insurance policies as an insurtech product. The international cooperation is envisaged to be mainly on non-exlusive basis. The system is a digital AI co-pilot for operations of vessels. It improves safety, comfort and efficiency when navigating through difficult sea conditions. It provides an on board decision support for vessel operators. It provides a real time tracking and automatically generated trip reports. The system guides vessel operators and fleet managers by monitoring and analyzing in real time a vessel's speed, location, weather and sea conditions, motions and instrument data. The system generates and provides intuitive haptic sensory guidance and decision-support for operators to optimize speed, heading, and stability for improved safety, performance and fuel efficiency. A web portal allows fleet managers or owners to plan routes, monitor trips, and analyze captain, vessel and trip data. Use cases include: SAFETY CULTURE AND SUSTAINABILITY: -Operators of passenger carrying vessels use the system in order to reduce number of accidents, incidents, complaints and claims. -The system improves operator´s situational awareness, it enables implementing safety speeds and improve comfort and safety. -The system monitors and manages impact effects on crew to help follow rest requirements. TRAINING AND GUIDING NEW OPERATORS: -For schools and academies to set training procedures and improve training efficiency. -The system has been implemented to train operators with speed guidance, automatically generating student and trip profiles, benchmark and compare performance between students and to optimize training and safety procedures. FUEL AND OPERATIONAL EFFICIENCY: -Vessel operators and owners running regular trips where a large portion of their operating cost is fuel. -The system has been implemented on board with set speed and impact limits and real time guidance speed. Following the AI guidance will ensure a more consistent speed, thereby reducing fuel cost from regular throttle shifts and inefficient wave impacts. STRUCTURAL AND EQUIPMENT FATIGUE: -Reducing cost of vessel and equipment maintenance and repairs caused by impacts and stress. -The system has been implemented to enforce procedures, operational profiles and incident reports for review, monitoring and damage prevention. The system can also be integrated with control systems, including autopilots and remote control system for unmanned surface vessels (USV´s), bridging the gap between human and autonomous control. Human operators and the system can therefore optimize and decide on optimal speeds and routes based on safety, performance and efficiency.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The Icelandic SME seeks partnership with builders of recreational and workboats for integration of the guidance system in vessel new builds. It also seeks partnership with yacht management companies, mariner training academies and marine insurance companies for integration of it´s guidance system with insurance policies as an insurtech product. The company also seeks agents under agent agreements.
Stage of Development:
Already on the market
Comments Regarding Stage of Development:
The system is already on the market and in use with commercial and tactical users. It´s also being integrated in new builds with tactical boat builders in Europe. The development of system upgrades are in process. It's on board and being tested on multiple vessels with various end-users, including fishing vessels, tactical and passenger vessels. The system is also being tested in a mother & daughter vessel setup with a coast guard agency. The mother & daughter setup would also benefit other vessels that rely on daughter crafts, such as yachts with yacht tenders. The system is also being evaluated by recreational boat builders for integration to their new builds in order to support and elevate their customers boating experience and attract newcomers to the recreational boating market. The SME is in discussions with a leading marine electronic manufacturer for integration to it´s multi function displays and plotters.
Patent(s) applied for but not yet granted
Comments Regarding IPR Status:
The company has performed an in-depth Freedom to Operate (FtO) analysis which showed no risk of patent infringement and no direct or imminent threat for the moment, proving that the technology is unique and meaning that the SME can exploit the momentum and be the first provider on the market. For this, an in-depth search across the most relevant patent databases both at the EU level and globally has been carried out (World intellectual Property Organization (WIPO), Free Patents Online (FPO), Google Patents and European Patent Office (EPO)). The name of the company and logo have been registered as a trademark in the United States, and in Europe. An IP has been reviewed with IP attorneys and the possibility to apply for a new provisional patent application for the use of wave or slamming impacts as a basis for maximum speed calculation (our recommended-speed) which is a novelty in the maritime market, concluding that it represents a subject matter eligible for patenting. The company may seek further IP protection for recent innovations generated in relation to the system development, regarding how the solution computes condition-adaptable speed limits and guidance.