The Technofast Hydraulic Head Nut
Project description and overview:
This project covers the extention of the EziTite® Hydraulic Nut range to encompass new markets with a process that will bring a new mechanical invention to market acceptance. The Technofast tensioning device, seeks improved outcomes in terms of productivity and workers’ safety in the activities directed towards the maintenance of rock and ore crushing machinery, particularly gyratory and cone crushers. These machines are used extensively globally, for preparation of ores for mineral processing and for sizing of aggregate material used in construction, roadbase and concrete.
This project will focus on rapid production and distribution of Technofast products to the resources sector, both in the domestic market and globally. Crushers used in Australia are common to other major target markets. In order to optimise the value proposition for potential users, the company proposes to grow distribution channels and increase production of applicable Hydraulic Nut hardware to take advantage ofrelevant economies of scale.
The Technofast Hydraulic Head Nut replaces any standard mechanical nut originally fitted to the gyratory crusher. The core advantage is that the Technofast replacement is hydraulically activated to produce the force directed to clamp the Mantle in place without the manual need for hammers, wrenches or other means formerly used to tighten down the Head Nut. This hydraulic system overcomes many of the safety issues associated with manual nut removal systems.
- Increased collaboration with other manufacturers
- Increased number of staff with science, technology, engineering, and maths (STEM) skills
- Better qualified employees
- Larger patent portfolio
- Smarter inventory management
- Higher marketing expenditure
- Larger geographical reach
- Technofast forecast $8.3M in revenue over 5 years
- This project is projected to upskill and create an additional 16 jobs
Government Funds: $259,485 | Industry: $259,485