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Marine Performance Systems logo — MPS aims to lower shipping costs and carbon emissions throug...

Marine Performance Systems

MPS aims to lower shipping costs and carbon emissions through their fluidic air lubrication system.

Founded 2018 Non Equity Assistance AI, Big Data +1

General Information

Company Name Marine Performance Systems
Founded Year 2018
Founders / Decision Makers
Team member
Industries AI, Big Data, Machine Learning
Funding Stage Non Equity Assistance
Social

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About Marine Performance Systems

Marine Performance Systems (MPS) aims to revolutionize the maritime industry by reducing shipping costs and carbon emissions through their proprietary Fluidic Air Lubrication (FAL) system. Established in 2018 through the collaboration of two leading SMEs based in Rotterdam, Netherlands, and Copenhagen, Denmark, MPS boasts a collective experience of over 130 years in innovative maritime technology. MPS FAL, protected by global patents, utilizes cutting-edge Fluidic Technology to create a bubble 'carpet' of up to 80 million air bubbles per second, resulting in a remarkable reduction of viscous drag by up to 70%. This leads to a 15-20% gross reduction in fuel consumption and associated emissions, aligning with environmental preservation efforts. Acknowledged with prestigious accolades such as the European Union Seal of Excellence and winning the 1st prize in the Offshore Wind Innovation Challenge and EU BlueInvest 2020, MPS FAL has also reached the finals in the Seatrade Maritime Asia Award, showcasing its industry recognition. Moreover, the technology's retrofittable nature to approximately 65% of the current merchant vessel fleet, with a promising 2-3 years’ payback period, presents a significant market opportunity. Notably, it has attracted Non Equity Assistance investment from Creative Destruction Lab in 01 January 2021. With a total available market (TAM) encompassing large container ships, bulk carriers, and oil & gas tankers, MPS FAL targets an estimated 16,000 ships, underlining its substantial market potential. Overall, MPS's innovative approach and notable industry recognition position it as a promising player in the maritime sector.

Taxonomy: Marine Engineering, Technology, Innovation, Environmental Sustainability, Fluidic Air Lubrication System, Ship Technology, Global Patents, Fuel Efficiency, Carbon Emissions Reduction, EU Seal of Excellence, Retrofitting Technology, Maritime Sector, Offshore Wind Innovation, Shipping Industry, Efficient Solutions

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Non Equity Assistance •••••• 1
Investor
01 Jan 2021

Marine Performance Systems Alternatives & Competitors

Marine Performance Systems vs
Orbit Communication Systems
Orbit Communication Systems Israel

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Marine Performance Systems vs
Massterly (a Kongsberg Wilhelmsen joint venture)
Massterly (a Kongsberg Wilhelmsen joint venture) Norway

Massterly will offer services for the customers’ entire value chain for autonomous ships

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Marine Performance Systems vs
Turkish Technology
Turkish Technology Turkey

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FAQ About Marine Performance Systems

MPS aims to lower shipping costs and carbon emissions through their fluidic air lubrication system.
Marine Performance Systems was founded in 2018.
Marine Performance Systems operates in the following industries: AI, Big Data, Machine Learning.
Marine Performance Systems has completed 1 funding round. The latest funding stage is Non Equity Assistance.
Top alternatives and competitors to Marine Performance Systems include Orbit Communication Systems, Massterly (a Kongsberg Wilhelmsen joint venture), Turkish Technology, IMS Nanofabrication, Eight Geeks @ Law. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Marine Performance Systems and Orbit Communication Systems are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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