Arthrotec cost uk the 10th of last year and has been a top 3 supplier to us since 2003, after taking over from the defunct Kastakart. We are now one of the biggest providers to Europe using the proven, reliable and proven (as in 7yr old technology) Hetero-Carbine technology built under license from Cenovus. The HC-Series (and H3 as its next generation family) is the new high-end family of Hetero-Carbine Gas Turbines. In addition to our production capacity in Alberta, we were the production site for first Hetero-Carbine gas turbine in Europe and the H3 as well. These engines have earned a reputation for high quality and reliability with ratings better than any power plant in North America.
Preliminary engineering analysis is progressing well. Our key milestones include an experimental demonstration run and a planned full scale commercial demonstration run in early 2018. We are preparing for a large series of successful full scale demonstration runs starting around 2019.
The Hetero-Carbine is a new gas turbine technology developed under an open licence granted to CFB in Canada. will sell or license our technology to the largest industrial customers globally. We are very confident that CFB will grow to be a world-leading supplier under our new engine range. To be a part of this future and earn market share in a that is still primarily driven by oil, we need to produce a large volume of Hetero-Carbine gas turbines using our proven, highly reliable and proven low cost technology. As mentioned before, at the current price point it is possible to achieve a cost on the order of $3.00 per horsepower kW hour (PWH. This is less than the industry average of $5.00 per PWH. As a supplier to the Canadian oil industry, we plan to pr