I-Tech AB Signs Deal For Largest Ever Selektope Order
I-Tech AB, the Swedish developer of the bio-repellent antifouling ingredient Selektope, has signed a supply agreement with a Japanese paint manufacturer representing the largest ever single order of the technology to-date.
The large volume order was placed by Japanese paint manufacturer Chugoku Marine Paints (CMP) as part of a long-term supply agreement between I-Tech and CMP to support the growth of CMP’s Selektope-containing antifouling product portfolio. The supply agreement was confirmed in response to increasing demand for CMP marine coatings that contain the unique antifouling ingredient and provides the option for CMP to further increase the order value as required.
Philip Chaabane, CEO I-Tech AB, said, “This significant order for Selektope demonstrates how I-Tech’s antifouling technology is meeting market demand for increased hard fouling prevention performance from marine coatings. For I-Tech, securing this significant supply agreement with one of the major paint manufacturers provides evidence of the major impact that our technology continues to make. With this long-term agreement in place, I-Tech can continue to focus on further improving operations and the strength of the Selektope supply chain to ensure commercial competitiveness for our technology.”
Selektope is an organic, non-metal compound that works to prevent barnacle fouling by temporarily activating the swimming behavior of barnacle cyprid larvae, making it impossible for them to settle on the hull. It is characterized by high efficacy at extremely low concentrations, is ultra-low leaching and offers paint manufacturers the flexibility to boost copper-based paint formulations or replace copper completely.
Selektope is an organic, non-metal compound that works to prevent barnacle fouling by temporarily activating the swimming behavior of barnacle cyprid larvae, making it impossible for them to settle on the hull. It is characterized by high efficacy at extremely low concentrations, is ultra-low leaching and offers paint manufacturers the flexibility to boost copper-based paint formulations or replace copper completely.