Selektope Doubles Antifouling Coating Orders
The number of ships using Selektope-containing antifouling coatings more than double in 2019 with the largest ever single volume order received for the barnacle-repelling antifouling ingredient Selektope coupled with strong commercial developments in late 2018, claims a press note.Placed by the marine coating manufacturers Chugoku Marine Paints (CMP) in December 2018, this follow up order fulfils CMP’s previous minimum commitments contained in supply agreements signed in early 2018 ahead of time…
I-Tech AB Becomes Clean Shipping Index Member
The developer of the barnacle-repelling antifouling ingredient Selektope have become members of the non-profit organization Clean Shipping Index (CSI). Through its membership, I-Tech AB will encourage environmentally responsible decisions around antifouling coating procurement to users of CSI’s holistic labeling system which ranks the environmental performance of ships. I-Tech will seek to promote the benefits of choosing less environmentally impactful antifoulings and educate CSI users on the impact of coating types…
I-Tech AB to List on Nasdaq First North Stockholm Exchange
I-Tech AB, the company behind the development of the antifouling ingredient Selektope, has applied for admission to trade the company’s shares on the Nasdaq First North Stockholm exchange.The first day of trading of the I-Tech AB (publ) company on Nasdaq First North is estimated to be May 28, 2018. The listing is preceded with a share issue of a maximum SEK 44.1 million ($4.9mln) . The company is valued at approximately SEK 200.4 million ($22 mln).The floating of the company’s shares on the Nasdaq First North stock exchange market will create a robust platform for continued growth and business development. It will enable I-Tech to invest in further opportunities in order to strengthen the business and to secure the ability to grow in the face of increasing customer demand.
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…
Selektope Antifouling in demand at Korean Shipyards
As global water temperatures increase, global ‘biofouling hotspots’ in subtropical/tropical areas are intensifying, exposing newbuildings at the world’s major shipyards to greater risk of hard fouling during the outfitting process. The effects of intense hard fouling on idle newbuilds can have great impact on a newly applied hull coating and on a vessel’s performance in sea trials. In response to this problem, a new antifouling coating specifically targeting hard biofouling prevention during the outfitting period was brought to market by Danish marine coatings specialist Hempel in late 2017.
I-Tech AB Recognized with Innovation Award
I-Tech AB has been recognized as the technology innovation leader in the European marine biocides market, resulting in the company receiving the 2017 Technology Innovation Award from Frost & Sullivan. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. Based on its recent analysis of the European biocides market, Frost & Sullivan found that the long-term environmental and economic benefits of using I-Tech’s unique bio-repellent antifouling ingredient…
New Selektope Powered Antifouling Launched
A brand-new antifouling product containing the bio-repellent ingredient Selektope has been launched onto the global market. The increasing diversification in the range of Selektope-containing products available to ship owners suitable for different vessel requirements demonstrates the unrivalled versatility of the antifouling ingredient. It also demonstrates a growing commitment to the technology as demand from ship owners for antifouling coatings comprising Selektope intensifies. SEA GRANDPRIX 880HS PLUS is the third product Chugoku Marine Paints (CMP) has launched that contains Selektope.
Selektope Coatings for Stena RoPax Newbuilds
Stena RoRo, who has four newbuild RoPax ferries on order at the AVIC yard in Weihai, China, has signed a contract to coat the hulls with paint that incorporates the bio-repellent antifouling ingredient Selektope. According to Selektope’s developer, Gothenburg based bio-tech company I-Tech AB, its pharmacological mode of action combats barnacle settlement on ships’ hulls by temporarily stimulating the barnacle larvae’s swimming behavior. The organic, non-metal compound is characterized by high efficacy at extremely low concentrations (0.1 percent w/w)…
Selektope Enters Antifoulings Mainstream
The first branded marine coatings to feature the antifouling ingredient Selektope have been launched by coatings major Chugoku Marine Paints, Ltd. (CMP). Developed by I-TECH AB, Selektope’s pharmacological action is unique in the marine antifouling application. It repels barnacle settlement on ships’ hulls by temporarily stimulating the barnacle larvae’s swimming behavior. CMP’s new generation ‘SEAFLO NEO’ range of antifoulings make the Selektope solution available as a high performance product for mainstream operations…
I-Tech to Supply CMP with New Biocide Anti-fouling Ingredient
I-Tech says it has entered into a non-exclusive supply agreement with Chugoku Marine Paints Ltd (CMP) for use of I-Tech’s proprietary product, Selektope, in commercial antifouling paints. Selektope is to be used as the principle biocide in new products to be brought to the market by CMP. The suppliers say that CMPs decision marks not only an important milestone for I-Tech but also sets the starting point for antifoulings containing a new selective biocide with a repellant mode of action and with minimal environmental footprint.