Bühler GmbHTBA GroupViganSailors SocietyThe Wolfson Centre for Bulk Solids Handling Technology Port of Stockton
  • Telestack
  • Cimbria
  • Cleveland Cascades Ltd
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Bühler GmbH
  • TBA Group

Selektope inventors I-Tech AB to list on Nasdaq First North Stockholm Exchange

(Posted on 09/05/18)

I-Tech AB, the company behind the development of the unique 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 28 May 2018. The listing is preceded with a share issue of a maximum SEK 44.1 million. The company is valued at approximately SEK 200.4 million.

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. The listing also reflects the maturity of the company as a business that is ready to grow on the global arena.

Selektope® works to prevent barnacle fouling by temporarily activating the swimming behavior of barnacle cyprid larvae. It is characterized by high efficacy at extremely low concentrations and is ultra-low leaching. Uniquely, it offers paint manufacturers the flexibility to boost copper-based paint formulations or to replace copper completely.

I-Tech has received the necessary regulatory approvals for Selektope® and has been in the commercialization phase since 2016, where the company has established relationships with most of the major manufacturers of marine coatings, two of which have so far launched marine coatings based on Selektope®.

Philip Chaabane, CEO of I-Tech AB says: “A listing on the Nasdaq First North is a natural fit, providing us wider access to capital markets and supporting the future growth of our business in the years ahead.”

“I-Tech has taken important steps in recent years from a development phase to full commercialization of Selektope®. Since the first Selektope®-based marine coatings was launched by Chugoku Marine Paints towards the end of 2015, we have noted increasing interest in our technology from both paint manufacturers and shipowners.

“Selektope® potentially means a paradigm shift in marine coatings, where we provide a solution that is more effective than today's alternatives and also environmentally sustainable. We estimate that the clear interest for Selektope® will result in significant volume increases in the future and thereby establish I-Tech as a company with strong and sustainable growth while increasing profitability.”

Latest News

Chevron keeps ships sailing amid VLSFO challenges

(Posted on 19/01/21)

Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition... Read more


Coles to leave Wallem

(Posted on 19/01/21)

The board of Wallem Group have announced that Chief Executive Frank Coles has resigned and will be leaving... Read more


Seanergy announces $179m restructuring

(Posted on 14/01/21)

Seanergy Maritime Holdings Corp. has announced that it has reached final agreements with certain of... Read more


IOMSR seafarer welfare app goes live

(Posted on 14/01/21)

The Isle of Man Ship Registry has formally launched the first ever seafarer welfare app designed by... Read more


DNV GL to change name to DNV

(Posted on 13/01/21)

DNV GL, the assurance and risk management company, will change its name to DNV on 1 March 2021. The... Read more


Yxney Maritime and Inmarsat agreement

(Posted on 10/01/21)

Norwegian-based scale-up Yxney Maritime and Inmarsat, the world leader in global, mobile satellite communications... Read more


ClassNK advises early BWMS installation

(Posted on 10/01/21)

Leading Classification Society ClassNK has been analyzing the retrofitting status of ballast water management... Read more


Cybersecurity to remain a threat in 2021

(Posted on 05/01/21)

The maritime industry will remain a target of cyber-criminals in 2021 and the world’s shipping... Read more


IOMSR appoints China representative

(Posted on 05/01/21)

The Isle of Man Ship Registry (IOMSR) has appointed its first permanent representative in China.Well... Read more


First shipment at Khalifa Port’s South Quay

(Posted on 28/12/20)

The first shipment, carrying bauxite, destined for Emirates Global Aluminium (EGA)’s Al Taweelah... Read more


TelestackPort of Vancouver USACimbriaPort of South LouisianaTOC EventsCleveland Cascades Ltd
  • Sailors Society
  • TOC Events
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping