I-Tech 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. We are delighted that CMP has selected our product and identified its potential to bring enhanced value to their customers. 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.
Paints containing Selektope® will be of particular value to customers in the marine industry. High levels of biofouling on a ship’s hull significantly increases drag, reduces the overall performance of the vessel and increases the fuel consumption significantly. Due to the low concentration needed, Selektope® does not compromise the paint’s chemical structure, color or other cooperative biocides involved.
“We look forward to intensifying our work with CMP in the development and commercialization of antifouling paints containing Selektope®. CMP is one of the largest marine paint suppliers in the world and to be a part of their supplier base is a great opportunity for us”, says CEO Philip Chaabane.
CMP has a broad portfolio of technologies and relies on an impressive track record of successful marine paint products. Through focused work on technical innovation, quality and environmental care, high-performance products are continuously developed and brought to the market enhancing customer satisfaction.
“We are pleased to start commercializing on our dedicated efforts in developing formulations using Selektope® as principal biocide. It is well aligned with our core values and we look forward to be able to introduce this technology to our customers”, says CMP’s Managing Director Masashi Ono.