The Award was presented to I-Tech Chief Executive Philip Chaabane at the European Marine Engineering Conference Gala in Amsterdam on 13th April 2016, in recognition of the breakthrough marine coating ingredient’s environmental performance.
Rethinking | Power | Paint Makers | Ship Owners | Performance | Approval | Safety Data
Selektope introduces for the first time ever a pharmacological mode of action to combat barnacle settlement. By temporarily stimulating the octopamine receptor in the barnacle larvae, causing their legs to start kicking, the organisms are repelled from the hull. These groundbreaking discoveries enable unrivalled power at minute concentrations, yet within the limits of the most rigorous risk assessment bodies in the industry. Selektope is an organic, non-metal compound with efficacy proven at 0.1% w/w.
The shipping industry spends over USD 200 billion on fuel each year, representing the lion part of operational costs for the shipping community. Enhanced regulation on emissions to air will further increase fuel costs, as higher fuel grades will be required. Selektope is an approved selective antifouling agent that protects ship hulls from barnacles and the drag they cause, which can lead to significant fuel savings of more than 10 percent.
Selektope delivers power at only a few grams per liter paint, leaving room for innovation at a paint maker level and optimizing hull performance while sharply reducing biocide loadings.
Improves static performance across the range of antifouling technologies
Compliant with regulatory authorities for commercial vessels and leisure boats
Enables reduced biocide loadings
Improved formulation flexibility
Powerful enough to replace copper, flexible enough to boost Cu-based formulations
Reduced fouling and improved fuel saving
Extended static performance
Reduced need for hard scrubbing through excellent performance against barnacle induced fouling
Reduced risk of transporting invasive aquatic species
Improved environmental profile by reducing biocide loadings in antifouling formulations
The hull of a vessel can become heavily fouled with both macro and micro fouling, causing significantly increased fuel consumption when moving. Tests show that using powerful Selektope containing antifouling products greatly reduces fouling, potentially saving 30–40% on fuel costs, while owners operating in aggressive waters and with an unpredictable idling scheme can avoid fuel penalties of more than USD 100,000/year for small vessels and over USD1M/year for large vessels.
Comparative results after 7 months in static conditions on the west coast of Sweden.
Biofouling | Impact | Invasive Species | Fouling Pressure
The variety among biofouling organisms is highly diverse and extends far beyond attachment of barnacles and seaweeds. According to some estimates, over 1,700 species comprising over 4,000 organisms are responsible for biofouling which occurs in all oceans around the globe. Biofouling is divided into micro fouling — biofilm formation and bacterial adhesion, and macro fouling — attachment of larger organisms.
Biofouling has a large impact on fuel consumption as it has been demonstrated that barnacle fouling increase frictional drag by up to 80%. Despite major continued development of more efficient coating systems there is still room for improvement to cut another 10% of the industries total fuel consumption amounting to some 350 million tons of fuel per year. Selektope is brought to market to maintain smooth, clean hulls achieving energy efficiency and reducing operational and environmental costs.
Fouled hulls are further known to act as vehicles of transportation for invasive aquatic species, which have proven to have negative effects on marine eco-systems. The issue is being adressed regionally and through IMO, resulting in possible hull inspections prior to making port calls.
Although marine biofouling occurs in all oceans, the fouling risk is different in different areas. In general, tropical or sub-tropical waters are considered high risk areas with rapid growth and settlement of organisms. With average global water temperatures increasing, high risk fouling is expanding, covering larger areas. Idling in these regions is therefore associated with large penalties as regards fuel consumption and maintenance costs.
Swedish Sea Rescue Society | Time is money
Saving lives without any government funding. In case of alarm, the Swedish Sea Rescue Societys volunteers are set to depart within 15 minutes, at any time, in any weather — 24 hours a day. Watch the film to find out how Selektope helps them save money, but more importantly time, every day.
I-Tech | Business Idea | Vision | Investors | Supporters
I-Tech is a Gothenburg based company with global reach, holding all IP and regulatory rights to its all new antifouling agent Selektope (generic name, Medetomidine). Relying on academic research in Gothenburg, I-Tech has since 2006 successfully transformed the scientific invention into a commercially ready and available antifouling agent. I-Tech has had several listings as top start-up company and is now an entirely commercially driven company with continuous revenue streams. Read more about our team Read more about the board
I-Tech’s business concept is to offer Selektope to the global paint industry as the principal active agent in marine antifouling paints. The company is highly committed to serving its customers in the best way possible, and is always ready to support its customers, from regulator support and advice to industrial integration and handling of Selektope. The company will also continuously seek and defend the necessary patents in order to use Selektope as a substance against marine biofouling on a global basis.
The company’s vision is to become the preferred supplier to the professional and non-professional antifouling market. The company’s mission is to bring new dimensions to the global antifouling industry.
ECO-INNOVATION I-Tech is at the forefront of a growing European business community focused on meeting the environmental challenges of the future.
With 3.4 million jobs in eco-industries and a growing demand for environmental products and services, the Eco-innovation fund was set up by the EU to help innovative companies realise their ideas and get them to market. To qualify the projects must be environmentally beneficial, innovative and economically viable in the medium and long term.
ECO-INNOVATION Selektope, I-Tech’s own environmentally sound solution, fulfils these criteria. EU funding has been granted, allowing the company to commercialise the product and begin serious discussions with suppliers in the marine market.
“Receiving funding from the Eco-innovation project means that I-Tech can take a significant step forward in bringing Selektope to the marine market. We’ve always believed in the commercial viability of our product and it’s great that the EU encourages and supports innovative environmental solutions.”
Stefan holds a M.Sc. in Mechanical Engineering from Chalmers university of technology in Gothenburg. He works as management consultant and senior advisor. Stefan has a background from radar electronics and marine propulsion industry and has held various managerial positions in purchasing, production and R&D. Stefan was the COO and the vice CEO at Berg Propulsion group, a leading supplier of marine propeller systems for the industrial and merchant shipping industry until 2013 when the company was acquired by Caterpillar Inc.
Bertil holds an M.Sc. in engineering. He currently holds a position as Director for Technical and Environmental questions in Swedish Shipowners’ Association. He also serves in the European and International shipowners associations in parallel with assignments in IMO committees on technical and environmental issues.
Erik is a business oriented and result driven VC Investor with global experience of building successful high growth companies. He has extensive board experience and a good mix of large scale corporate experience with hands on entrepreneurial start-up talent.
Erik is today employed as Investment Director at Volvo Ventures and has a background from transportation, automotive and aerospace industry. Previously he has held different positions in business development, purchasing and production development within the Volvo Group. Erik holds a Master of Science in Mechanical Engineering from Chalmers University of Technology in Gothenburg and a Bachelor Degree in Business Administration from Gothenburg University.
Mikael has a wide range of experience from many industries, countries and disciplines. He has worked for different consultancy firms, with focus on supply chain management, business strategy and management. He co-founded a consultancy firm in 2002, with focus on business and marketing strategy for the communications and media industry. Since 2007 he has been CEO of Laurin Maritime. Laurin Maritime operates a modern fleet of tankers for oil products and chemicals worldwide.
Leif is the owner of Darner Asset Management AB, a consulting firm. Additionally he is Board Director of LKABAB, Sweden and Board Member at Flowserve Corporation, Dallas, US. Prior to this, he was an Executive Director on the Board of Management at AkzoNobel, responsible for Performance Coatings from 2008 and for Chemicals from 2004. Before this, he was Managing Director BU Marine & Protective Coatings. Until 1999 he held various positions such as Chief Executive Northern Europe and Chief Executive Protective Coatings Europe at Courtaulds plc, UK. Prior to this , he was Managing Director for International Färg AB, Sweden
Per has been involved with the medical industry for more than twenty years in leading positions. He has managed research based start-up companies to successful developments in both clinical and commercial terms. Per is the Managing Director in Mintage Scientific and its subsidiary Vicore Pharma.
TEAM Selektope is developed, manufactured and marketed by I-Tech AB, a Swedish limited company founded in 2000 by a group of researchers from Chalmers University of Technology and the University of Gothenburg.
COO Oliver holds a PhD from Göttingen University in Germany and an engineering degree from the University of Sustainable Development HNEE in Germany. Oliver has an impressive track record from his eight years at LANXESSAG and has successfully held positions as Global Product Manager (including marine biocides). Oliver has also served as President and CEO of an SME within the LANXESS Corp. Oliver recently served as Vice President North and Central America at LANXESS Corporation.
CEO Philip holds an MSc in Material Science Engineering from both Luleå University of Technology and EEIGM, France. He has extensive experience from leading positions within business as well as operational activities in R&D and production in high tech and international environments. Prior to working at I-Tech, Philip was the Business Development Director/Engineering Manager at PowerCell. He has also held various operational responsibilities within the Volvo Aero Corporation.
R & D Director Lena is one of the founders of I-Tech AB. She was an initiator of the research project Marine Paint as well as one of the inventors and patent holders of the Selektope® concept. Lena holds a PhD in Pharmacology and is an Associate Professor at the Faculty of Science at the University of Gothenburg.
Regulatory Affairs Manager Cecilia’s academic background is in ecotoxicology of biocides and she holds a PhD in Environmental Science. Cecilia has been working with regulatory affairs since 2008 at I-Tech and prior to that she was in the pharmaceutical industry where she worked with quality issues.
Nina divides her time between I-Tech and Mintage Scientific (owner company of I-Tech). She has worked for I-Tech since 2009 and prior to that within marketing for Initios Medical AB and Astra Tech AB.
If you would like to receive test samples or more details about Selektope, please describe your interest, ideas or visions in an email and we will contact you for further discussions. For more information on how the innovation around Selektope can improve your business, please contact us at:firstname.lastname@example.org call +46 31 788 05 60.
I-Tech AB c/o Astra Zeneca AB Pepparedsleden 1 SE- 431 83 Mölndal Sweden