I-Tech AB strengthens Selektope® supply chain with strategic acquisition

I-Tech AB strengthens Selektope® supply chain with strategic acquisition

Swedish bio-technology company I-Tech AB has today announced the strategic acquisition of manufacturing process technology and IP, for the production of medetomidine, from Cambrex Corporation (NYSE: CBM). The transaction consolidates the supply chain and improves I-Tech’s industrial capabilities. I-Tech AB has registered and patented medetomidine as a marine antifouling agent and is offering the active substance under the registered trademark Selektope® to the global marine coating industry

Selektope® is an organic, non-metal compound with unique marine antifouling application. Its bio-repellent mode of action inhibits barnacle settlement on ships’ hulls by stimulating the barnacle larvae’s swimming behavior with reversible effect. It is characterized by high efficacy at extremely low concentrations in a marine coating (0.1% w/w), ultra-low leaching, and flexibility to boost copper-based paint formulations or replace copper completely. The product is used in a number of antifouling products offered by different paint manufacturers in the marine market.

I-Tech AB is a Gothenburg-based, privately held company that holds all IP and regulatory rights to the antifouling agent Selektope®. I-Tech’s mission is to bring new dimensions to the global antifouling industry by taking a bio-technology approach to biofouling control.

Cambrex Corporation is a life sciences company that provides products, services and technologies to accelerate the development and commercialization of small molecule therapeutics. The Company offers Active Pharmaceutical Ingredients (APIs), advanced intermediates and enhanced drug delivery products for branded and generic pharmaceuticals.

The acquisition has been facilitated by the issuing of new shares, with Cambrex becoming a major shareholder in I-Tech AB. Cambrex will take a position on the board of directors. The move strengthens the continued development of the supply chain for Selektope on a global scale. It supports I-Tech’s plans to secure superior production capacity and to ensure commercially competitive prices for its customers and deliver high volume demands for Selektope.

Philip Chaabane, I-Tech CEO, comments: “This deal with Cambrex consolidates the supply chain for Selektope and brings important assets to I-Tech for continued development and improvement of processes and of the supply chain structure itself. We now have a unique competitive situation to fuel future growth. On the strategic side, I’m delighted to have the continued support from Cambrex on the board, and as an owner to build up our industrial platform moving forward”.

The agreement is subject to conditions and is expected to close in the nearest future.

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Biofouling during outfitting at South Korean shipyards drives high demand for Selektope® antifouling solution

Biofouling during outfitting at South Korean shipyards drives high demand for Selektope® antifouling solution

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. GLOBIC 9500S includes the unique antifouling ingredient Selektope® as part of its ‘smart biocide package’ that delivers boosted static performance against hard fouling for ships with extended idle periods.

Philip Chaabane, CEO I-Tech AB, says: “Our product is boosting the performance of sophisticated antifouling systems under harsh fouling conditions, such as those experienced during outfitting at shipyards in South Korea. Selektope® is clearly adding value to the coatings products that the major coating manufacturers offer.”

Selektope® is an organic, non-metal compound that repels barnacle settlement on ships’ hulls by temporarily stimulating the barnacle larvae’s swimming behavior. It is characterized by high efficacy at extremely low concentrations (0.1% w/w), is ultra-low leaching and offer paint manufacturers the flexibility to boost copper-based paint formulations or replace copper completely. Due to the low concentration required, Selektope® does not compromise the chemical structure, color or other cooperative biocides of a marine coating.

This first-of-its-kind antifouling technology caught the attention of coatings suppliers in the early stages of its research and development. To-date, several products have been launched onto the market and the number of Selektope®-containing coatings being sold by different manufacturers is increasing year-on-year.

I-Tech AB, the Swedish biotechnology company behind the development of Selektope®, recently responded to strong market demand for the antifouling ingredient in South Korea by appointing KhaiEL as Selektope’s exclusive importer and agent. Under the new agreement, I-Tech will continue to manage sales of Selektope® in South Korea while KhaiEL will exclusively handle imports.

“We are delighted to be working with such a highly reputed company in KhaiEL to strengthen the supply of Selektope® to South Korea. This business relationship reflects the need to address increasing demand for our product in South Korea, particularly from the shipyards and many owners running risks of extended idling, whether during newbuilding or operations,” says Philip Chaabane.

“KhaiEL is very proud to partner with I-Tech to represent the highly innovative Selektope® technology in the Korean market,” says Paul Cho, Marketing Director KhaiEL.

South Korea is a key market for I-Tech. The company believes that coatings containing Selektope® play a vital role for shipyards located in biofouling hotspots with its barnacle-repellent technology.

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Two-year tanker trial by Laurin Maritime confirms Selektope® antifouling power

Two-year tanker trial by Laurin Maritime confirms Selektope® antifouling power

A twenty-four-month trial of a hull coating containing the bio-repellent active agent Selektope® on a 46,067dwt chemical and products carrier has confirmed the antifouling ingredient’s hard fouling prevention power.

Selektope® is an organic, non-metal compound that works to prevent barnacle fouling by temporarily activating the swimming behaviour of barnacle cyprid larvae, making it impossible for them to settle on the hull. It is characterized by high efficacy at extremely low concentrations (0.1% w/w), is ultra-low leaching and offers paint manufacturers the flexibility to boost copper-based paint formulations or replace copper completely.

In 2015, the vertical sides and flat bottom of Laurin Maritime’s vessel Calypso were fully coated with an antifouling coating containing Selektope® during its first five-year drydock. The vessel has spent two years in active operation across a wide range of trade routes, with more than 50% of operating time spent in biofouling hotspots with > 25oC (up to 32oC) temperatures.

Independent hull and propeller performance analysis has verified that after twenty-four months Calypso’s increased total resistance was calculated to be 7%, compared with a benchmark new vessel that would see an increase in resistance of 10-20%. Over the period, speed losses experienced by Calypso amounted to a mere 2% when measured against sea trial performance. Data also confirmed that the development rate of added resistance for Calypso amounted to 0.1 % (0.5% to 1.5% is expected).

A recent underwater hull inspection established that Calypso’s hull is very clean, with divers finding no soft or hard fouling over the starboard and portside verticals, flat bottom and bilge areas.

Laurin Maritime’s technical director Bertil Andersson says: “The vessel has now operated for two years since last dry dock, and we can conclude that the fouling of the hull (read added hull resistance) remains at a very low level and the trend continues being flat.”

I-Tech CEO Philip Chaabane says: “This independent analysis of performance data and the underwater hull inspection provide convincing long-term performance results from a full-vessel application of a Selektope®-containing hull coating for a vessel with significant exposure to severe fouling conditions. The fact that the hull fouling trend continues to be flat means that our general outlook on the continuous performance of the Selektope®-containing coating is very positive. This delivers the proof required that our unique antifouling ingredient can offer ship operators guaranteed hard fouling prevention performance for any vessel activity and trading patterns.”

With multiple major coatings suppliers now turning to Selektope® to enhance their products, I-Tech AB is urging ship owners to check whether the ingredient is available in all antifoulings being considered as part of the coatings selection process.

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I-Tech AB appoints exclusive importer and agent in South Korea in response to high demand for Selektope®

I-Tech AB appoints exclusive importer and agent in South Korea in response to high demand for Selektope®

I-Tech AB, has responded to strong market demand in South Korea by appointing KhaiEL as the exclusive importer and agency for the unique antifouling ingredient Selektope®.

Under the new agreement, I-Tech will continue to manage sales of Selektope® in South Korea while KhaiEL will exclusively handle imports.

“We are delighted to be working with such a highly reputed company in KhaiEL to strengthen the supply of Selektope to South Korea. This business relationship reflects the need to address increasing demand for our product in South Korea, particularly from the shipyards and many owners running risks of extended idling in conjunction with new buildings and subsequent operations,” says Philip Chaabane, CEO I-Tech AB.

“KhaiEL is very proud to partner with I-Tech to represent the highly innovative Selektope® technology in the Korean market,” says Paul Cho, Marketing Director KhaiEL.

The organic, non-metal compound Selektope® is the only ingredient of its kind used in a marine antifouling application. It is characterized by high efficacy at extremely low concentrations (approx.0.1% w/w), ultra-low leaching and flexibility and can boost the performance of copper-based paint formulations or replace copper completely. Due to the low concentration required, Selektope® does not compromise the chemical structure, color or other cooperative biocides of a marine coating.

KhaiEL GmbH is a chemical company based in Germany and South Korea that has a distribution business and has been developing specialty chemicals since 2007.

I-Tech AB is a Gothenburg-based biotech company that has developed and marketed the unique antifouling ingredient Selektope® since 2006.

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Selektope Success in 2017: Review of the Year

Selektope Success in 2017: Review of the Year

A statement from I-Tech CEO Philip Chaabane:

As 2018 approaches, it’s good to look ahead and think about what the year may bring us. But first, a quick look back at successes we have celebrated throughout 2017 for our unique, bio-repellent ingredient Selektope. It has been an outstanding year of developments for our technology, with new antifouling coatings products being launched by new paint manufacturers boosted with barnacle-repellent power thanks to Selektope. I-Tech AB has won awards, welcomed new team members and our team has worked to strengthen our production and supply chain to guarantee delivery of our product in the face of snowballing demand. We will unravel the details of this work and associated developments in early 2018, but for now I can confirm that I-Tech is securing a long future for Selektope in the marine coatings sector. Watch this space – 2018 will be an exciting year for Selektope!

2017 was quite a year for all of us at I-Tech AB. We’ve been through many developments, both for our innovative antifouling ingredient Selektope and within our team. So much has been achieved, making 2017 a remarkable year for the company and the technology and we are proud to present a review of our 2017 highlights.

Early in the year, I-Tech made two senior appointments to our management team. Catherine Austin assumed the role of Director of Marketing and Communications bringing her extensive experience from various roles in the shipping sector including the ownership and operation of a publishing and events company, ownership of a technical consultancy company and being a well-reputed technical journalist and magazine editor. Then, Magnus Henell assumed the role of Chief Financial Officer (CFO) within I-Tech’s management team, bringing his extensive CFO and CEO experience from various small and medium companies including his role of CEO for PowerCell Sweden AB and vast experience of M&A work within the Volvo Group to I-Tech.

From the start of 2017, Selektope was being shortlisted for multiple maritime industry awards, confirmation of the impact of the technology on the sector. Also, we celebrated our first award in the European Biocides sector, when I-Tech was recognised as the technology innovation leader in the European marine biocides market by Frost & Sullivan, being awarded the 2017 Technology Innovation Award. Based on their independent 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, Selektope, make it a truly innovative technology in the European marine biocides market. Frost & Sullivan saying that: “The solution has the potential to induce transformative change in the marine industry,” and that they expect the technology will become the trendsetter in the European marine biocides market in the coming years.

In June, Stena RoRo signed a contract to coat the hulls of four newbuild RoPax ferries with a Selektope-containing coating. Amongst the many vessels being coated each year with Selektope-containing antifouling products, this is a stand-out milestone for the company as it represents a vessel type that is pioneering the use of Selektope. The delivery of the newbuild Stena RoPax ferries is scheduled for 2019/2020 from the AVIC yard in Weihai, China and we look forward to receiving the first performance results.

Then, in late-June we celebrated the increasing diversification in the range of Selektope®-containing antifoulings when a brand-new product was launched by Chugoku Marine Paints. SEA GRANDPRIX 880HS PLUS is the third product Chugoku Marine Paints (CMP) has launched that contains Selektope®. It joins CMP’s SEAFLO NEO CF Premium; and SEAFLO NEO-S PREMIUM that were launched in August 2016. Uniquely, for this product CMP boldly guarantees extended static performance of up to 45 days, thanks to the barnacle-repellent boost enabled by Selektope.

Later in the year, another new coating product was launched; this time by Danish paint manufacturer Hempel A/S. GLOBIC 9500S is an outfitting coating specifically formulated with Selektope to deliver boosted static performance against hard fouling for idle ships during the outfitting process at shipyards. Its development driven by requests from the shipyards, we are extremely proud that Hempel selected our technology in response to market demand.

Strong demand for Selektope in Asia led I-Tech to enhance local supply chain arrangements. In late 2017, we signed an agreement with well-known chemicals trading company NAGASE & CO., LTD to exclusively handle imports of Selektope to the Japanese market. To date, hundreds of Japanese vessels have been coated with antifoulings containing Selektope, but demand continues to grow strongly. As we sail into 2018, I-Tech will be announcing further partnerships with exclusive import agents across the Asia region in a move to strengthen our supply chains.

Last, but not least. The Selektope.com website underwent a complete transformation in 2017. Now optimised for the increasing number of visitors we are welcoming to the site; our online platform is enriched with resources, videos, information and provides everything you need to know about Selektope – and looks rather great (we think!). If you’re reading this year in review article in our news section, take time to look around the new website.

All that is left to say is that, what a year it has been for Selektope! We look forward to 2018!

Selektope® antifouling technology adopted in new outfitting coating

Selektope® antifouling technology adopted in new outfitting coating

A new outfitting coating utilizing the unique antifouling ingredient Selektope® has been brought to market by marine coatings specialist Hempel. This latest coating product launch further confirms the industry’s acceptance of the technology whose powerful bio-repellent action prohibits barnacle fouling.

Selektope® is included in Hempel’s GLOBIC 9500S product as part of a ‘Smart Biocide Package’. The new antifouling was specifically formulated with Selektope® to deliver boosted static performance against hard fouling for idle ships during the outfitting process at shipyards.

The accumulation of biofouling on the ship hull is becoming an increasingly dominant issue for shipyards, particularly those located in warmer waters. Newbuilds that lay idle in warming waters during the outfitting process can suffer the effects of intense fouling which can impact both the newly applied coating and the vessel’s performance after leaving the shipyard. This has resulted in growing demand for antifouling solutions that can ensure static performance during outfitting.

Selektope is an organic, non-metal compound that repels barnacle settlement on ships’ hulls by temporarily stimulating the barnacle larvae’s swimming behavior. It is characterized by high efficacy at extremely low concentrations (0.1% w/w), ultra-low leaching and flexibility to boost copper-based paint formulations or replace copper completely.

Tests have shown that antifouling coatings containing Selektope® offer superior hard fouling protection, resulting in lower water resistance and decreased fuel consumption, in addition to reduced maintenance costs.

Philip Chaabane, CEO I-TECH AB, comments: “As demand for Selektope® soars, the number of antifouling products that contain our unique bio-repellent ingredient is increasing and we are proud that Hempel has selected our technology in response to market demand. It is yet more proof that our product is boosting the performance of sophisticated antifouling systems under harsh fouling conditions, such as those experienced during outfitting. Selektope® is clearly adding value to the products that the major players offer. We recommend specifiers seek to establish what options coatings suppliers have to keep hulls free of hard fouling, and whether they are offering a truly organic alternative that achieves unmatched results.”

With multiple major coatings suppliers now turning to Selektope® to enhance their products, I-Tech AB, the company behind the bio-repellent antifouling, is urging end-users to check whether or not the organic substance is offered within all marine coatings portfolios.

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I-Tech expands static panel testing capacity to support increasing demand for Selektope®

I-Tech expands static panel testing capacity to support increasing demand for Selektope®

In early November 2017, I-Tech expanded panel testing capacity for the static testing of Selektope®-containing paints on the Swedish west coast at the Tjärnö Laboratory by the Kosterfjord.

75 additional test panels were installed to support growing demand for the static testing of Selektope-containing paints for the international marine market. ITech also operates a barnacle farm at the Tjärnö Laboratory.

About 6 000 marine species are found in the Koster area, of which more than 200 are not existing elsewhere in Swedish waters.Kosterhavet Marine National Park, the first national park in Sweden with a marine focus, was inaugurated in 2009. One of the objects is to promote research and education regarding conservation and sustainable use of marine ecosystems.

I-Tech AB recognized with European Marine Biocides Technology Innovation Award for Selektope®

I-Tech AB recognized with European Marine Biocides Technology Innovation Award for Selektope®

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, Selektope®, make it a truly innovative technology in the European marine biocides market. According to Frost & Sullivan, the solution has the potential to induce transformative change in the marine industry.

Afia Allapitchai, Frost & Sullivan research analyst, commented: “I-Tech AB is one of the few companies in the European market to offer a sustainable marine biocide technology at cost-competitive prices on a commercial level. With rising concerns about preserving the marine ecosystem, Frost & Sullivan expects that the technology will become the trendsetter in the European marine biocides market in the coming years. The diverse range of vessel parts and marine applications that can be protected using Selektope® is far more extensive than those of competing technologies, illustrating I-Tech’s superiority in the marine biocides industry.”

Philip Chaabane, I-Tech CEO, commented: “I-Tech is honored that Selektope’s ® contribution to added performance in marine antifouling coatings is gaining increasing recognition due to its first-of-its-kind mode of action as a biocide and the impact it is having on the market. The Frost & Sullivan Award is an important acknowledgement that Selektope® has established a recognized position in both the European biocides market and in the maritime industry.”

Selektope® is an organic, non-metal compound with unique marine antifouling application. Its bio-repellent mode of action inhibits barnacle settlement on ships’ hulls by stimulating the barnacle larvae’s swimming behavior with reversible effect. It is characterized by high efficacy at extremely low concentrations in a marine coating (0.1% w/w), ultra-low leaching, and flexibility to boost copper-based paint formulations or replace copper completely.

Tests have shown that antifouling paints containing Selektope® offer superior hard fouling protection, resulting in lower water resistance and decreased fuel consumption, in addition to lower maintenance costs. Selektope® repels barnacles even when ships are idle, allowing fuel saving claims made by coatings suppliers to cover the ship’s entire operational cycle.

Approved by European, Japanese, South Korean, and Chinese and regulatory bodies progressively through, Selektope® has been used in a series of newbuilding and overcoating projects with more than 150 ships coated with Selektope®-containing antifouling products to date.

The first branded marine coating products to feature Selektope® were launched by Chugoku Marine Paints, Ltd. (CMP) in 2016. CMP’s new generation SEAFLO NEO range of antifouling products make the Selektope® solution available as a high-performance product for mainstream operations, under two separate brands: SEAFLO NEO CF PREMIUM and SEAFLO NEO-S PREMIUM. The latest product, launched in June 2017, was CMP’s SEAGRANPRIX 880HS+, which is based on hydrolyzing technology and can be applied to deep sea-going vessels trading worldwide in-service periods for up to 90 months.

Picture: I-Tech COO Dr. Oliver Weigenand receiving the Frost & Sullivan Award.

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New Import Agreement Strengthens Selektope® Supply to Japan

The inventor of the unique antifouling ingredient Selektope®, I-Tech AB, has responded to strong market demand in Japan by enhancing its local supply chain arrangements, after signing an agreement with well-known chemicals trading company NAGASE & CO., LTD.

To date, hundreds of Japanese vessels have been coated with antifoulings containing Selektope®, but demand continues to grow strongly. Under the new agreement, I-Tech will continue to manage sales of Selektope® in Japan while NAGASE & CO., LTD will exclusively handle imports.

“Establishing this business relationship reflects the need to address increasing demand for our product in Japan and we are honored to be working with such a highly reputed company in NAGASE CO LTD,” says Philip Chaabane, CEO I-Tech AB.

The organic, non-metal compound Selektope® is the only ingredient of its kind used in a marine antifouling application. It is characterized by high efficacy at extremely low concentrations (approx.0.1% w/w), ultra-low leaching and flexibility and can boost the performance of copper-based paint formulations or replace copper completely. Due to the low concentration required, Selektope® does not compromise the chemical structure, color or other cooperative biocides of a marine coating.

NAGASE & CO., LTD. is a chemicals trading firm, founded in Kyoto, Japan in 1832. I-Tech AB is a Gothenburg-based biotech company that has developed and marketed the unique antifouling ingredient Selektope

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Selektope®-powered antifouling range increases with new product launch

A brand-new antifouling product containing the unique 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®. It joins CMP’s SEAFLO NEO CF Premium; and SEAFLO NEO-S PREMIUM products that were launched in August 2016.

The new antifouling coating is based on hydrolyzing technology and can be applied to deep sea-going vessels trading worldwide in service periods for up to 90 months. Uniquely, CMP guarantees extended static performance of up to 45 days, thanks to the barnacle-repellent boost enabled by Selektope® combatting barnacle settlement on the ship’s hull by temporarily stimulating the barnacle larvae’s swimming behavior.

The organic, non-metal compound is the only one of its kind in a marine antifouling application. It is characterized by high efficacy at extremely low concentrations (approx.0.1% w/w), ultra-low leaching and flexibility to boost copper-based paint formulations or replace copper completely. Due to the low concentration needed, Selektope® does not compromise the chemical structure, color or other cooperative biocides of a marine coating.

For the inventors of Selektope®, Gothenburg-based I-Tech AB, the increase in the number of products on the market that harness the power of Selektope® is an encouraging sign of the confidence held by paint manufacturers in the technology. This latest product launch is set to be the first of many in the near future from an array of manufacturers.

“As demand for Selektope® soars, the number of antifouling products that contain our unique bio-repellent ingredients is expanding. This ensures that ship owners and operators have a selection of products to choose from, and confirms the flexibility and compatibility of our product with a range of different antifouling ingredients,” says Philip Chaabane, CEO I-Tech AB.

Marine coating products containing Selektope® have been applied to over 150 vessels to date, including: tankers; containerships, and LNG carriers, in a series of newbuilding and over-coating projects. I-Tech reports orders for coatings including Selektope® in the first part of 2017 being double those achieved in 2016.

For more information on SEA GRANDPRIX 880HS PLUS, please visit: www.cmp.co.jp/global

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