MILAN/BERLIN, 2 October 2017 – TXT Group’s German subsidiary PACE will receive funding for two projects under HORIZON 2020, the European Union Framework Program for Research and Innovation. The projects address different aspects of the aircraft value chain and rely on TXT Group's long-standing expertise inIndustry 4.0 and digital manufacturing:
The ICARUS project aims at contributing towards a solution for fully leveraging the benefits of Big Data for the aviation industry, which will bring together a wide range of sectors including aerospace, tourism, health, security, transport, retail and weather as well as the public sector.
The FASTEN project seeks to develop a framework for building a fully connected additive manufacturing system for highly customized products, which uses sophisticated software technologies for self-learning, self-opimization and advance control.
Both projects are being carried out in international consortia of leading industry and research organizations.
About Horizon 2020
Horizon 2020 is the biggest EU Research and Innovation programme ever with nearly €80 billion of funding available over 7 years (2014 to 2020) – in addition to the private investment that this money will attract. It promises more breakthroughs, discoveries and world-firsts by taking great ideas from the lab to the market.
Horizon 2020 is the financial instrument implementing the Innovation Union, a Europe 2020 flagship initiative aimed at securing Europe's global competitiveness.