The decay lifetime of free neutrons (∼880 s) is an important parameter of the weak interaction and for Big Bang Nucleosynthesis. However, results of measurements currently show discrepancies depending on the method used. As most experiments nowadays employ ultra cold neutrons, we have developed a new cold-beam experiment which we perform at the Japan Proton Accelerator Research Complex. As a special feature, a polarized neutron beam is bunched by a spin flip chopper. A time projection chamber operated with He and CO2 gas, including a well-controlled amount of 3He, is used for detection of the beta-decays and simultaneous determination of the beam intensity. Using the data between 2014 and 2016, we evaluated our first, preliminary result of the neutron lifetime as 896 ± 10(stat.) −10+14(sys.) s. We plan several upgrades to achieve our precision goal of 1 s. [ABSTRACT FROM AUTHOR]