11 January 2019 – The largest single volume order received for the barnacle-repelling antifouling ingredient Selektope® coupled with strong commercial developments in late 2018 will see the number of ships using Selektope®-containing antifouling coatings more than double in 2019.
Placed by one of the industry’s leading 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. The order will be delivered during 2019 for use in CMP’s range of existing coating products containing Selektope® that target both new building and dry-docking demands.
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. The unique antifouling ingredient is characterized by its first-of-its-kind bio-repellent mode of action which has a non-fatal effect on the target organism. It offers paint manufacturers an alternative active agent for antifouling coatings that demonstrates high efficacy at extremely low concentrations, is ultra-low leaching and can deliver superior static performance against hard fouling.
Hundreds of ships have been coated with antifouling paints containing Selektope® since the launch of the technology into the marine market. Large volume orders received by I-Tech AB for Selektope® from global paint manufacturers not only confirm the increasing demand for the technology, but also the mainstream position of Selektope® within the antifouling coatings market.
“Positive indications of the superior antifouling performance of antifouling coatings including Selektope® on a wide range of ship types is driving the demand for our technology in the market. Performance results continue to demonstrate that Selektope®-powered coatings can save fuel, cut emissions and reduce the risk of transferring invasive aquatic species; for all these reasons, confidence is increasing in our technology as a very attractive investment,” says Philip Chaabane, I-Tech CEO.
In addition to the antifouling coating products offered by CMP, ship owners can also purchase antifouling paints containing Selektope® from other global paint manufacturers.
About Selektope®
Selektope® introduces, for the first time, a pharmacological mode of action to combat barnacle settlement. By temporarily stimulating the octopamine receptor, the barnacle larvae’s swimming behavior is activated and the organisms are deterred from the hull. These ground-breaking discoveries enable unrivalled power at very low concentrations, yet within the limits of rigorous risk assessments. Selektope® is an organic, non-metal compound with efficacy proven at 0.1% w/w. www.selektope.com
About I-Tech AB
I-Tech is a Gothenburg based bio-tech company with global reach, holding all IP and regulatory rights to the antifouling agent Selektope® (generic name, medetomidine). The company is privately held and is supported by Swedish Energy Association, the European Innovation Initiative Eco-Innovation and FP7 SeaFront. The company is a member of the Astra Zeneca BioVentureHub. www.i-tech.se
