Luxembourg Business Forum in Riga

ABLabs, represented by Armands Jurjevs participated in the business forum organised by the Luxembourg Chamber of Commerce in close cooperation with the Ministry of the Economy and the Luxembourg embassy in Warsaw (co-accredited in Latvia) on 14 March in Riga. The business forum showcased the ICT and sustainable economy sectors in Luxembourg and had an excellent networking opportunity with potential business partners for ABLabs in the fields of sustainability and transport.

During the forum welcome speeches were made by H.R.H Grand Duke Henri of Luxembourg, and H.E. Mr Egils Levits, President of Latvia.

The forum was a excellent networking part with specially organized B2B activities, that allowed to create new and meaningful connections regarding sustainable and low emission mobility. ABLabs was able to elaborate on the ArtuPower and the the “Gas ultrasonic transducer system and method for operating a diesel common-rail engine” technology, which allows the use of alkane gases, including – liquefied petroleum gas (LPG), natural gas (CNG) and their bio-equivalents (BioLPG, BioCNG) to replace in part or in full, diesel in diesel engines of different capacities equipped with common-rail technology.

The project is supported by Norway through the Norway Grants.

Within the project the “ArtuPower” product will be developed up to the level of TRL8 technology readiness level, and the project duration is expected to be 18 months. The total project budget is 132,400 EUR, with a support of 92 680 EUR is intended with the support of the “Norwegian Financial Mechanism’s small grant scheme”.

Working together for a green, competitive and inclusive Europe.