CimbriaTMS Awards 2021ViganCoaltrans Asia 2021Port of South LouisianaPort of Stockton
  • Vigan
  • Coaltrans Asia 2021
  • Van Aalst
  • Port of South Louisiana
  • TOC Events
  • Cleveland Cascades Ltd

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

DNV verification for world’s largest 3D printed shipboard fitting

(Posted on 16/09/21)

Keppel Technology & Innovation (KTI) has received a verification certificate for a 3D printed deck... Read more


RUSAL alloy included in Russian Maritime Register of Shipping

(Posted on 16/09/21)

RUSAL, a leading global aluminium producer, has announced the inclusion of an aluminium-scandium alloy... Read more


Struggling seafarers need more mental health support

(Posted on 13/09/21)

Cases of seafarers struggling with their mental health will continue to rise unless shipping companies... Read more


ClassNK releases “Guidelines for Ships Using Alternative Fuels”

(Posted on 13/09/21)

ClassNK is committed to providing comprehensive services to support the industry’s efforts for... Read more


Thordon Bearings praises Innovative Solutions Canada

(Posted on 13/09/21)

Thordon Bearings has praised the government’s Innovative Solutions Canada initiative for encouraging... Read more


LR and Inmarsat form industry-first remote survey collaboration

(Posted on 07/09/21)

Lloyd’s Register (LR) and Inmarsat, the world leader in global, mobile satellite communications... Read more


Ten newbuildings to further increase Fednav’s efficiency

(Posted on 02/09/21)

Fednav Limited, Canada's largest dry bulk shipping group, has signed an agreement with Sumisho Marine... Read more


BIMCO calls on shipowners for biofouling management information

(Posted on 31/08/21)

BIMCO is launching a new survey with the aim of gathering information from shipowners about the effectiveness... Read more


Golden Ocean maintains exposure to soaring spot market

(Posted on 27/08/21)

Dry bulk shipping company Golden Ocean Group Limited has announced its results for the quarter ended... Read more


Decarbonisation can change shipping’s future for the better

(Posted on 27/08/21)

Decarbonisation is a massive opportunity for shipping to reclaim its proper value and regain a positive... Read more


Van AalstCleveland Cascades LtdTBA GroupSailors SocietyThe Wolfson Centre for Bulk Solids Handling Technology Bühler GmbH
  • Port of Stockton
  • Bühler GmbH
  • Sailors Society
  • The Wolfson Centre for Bulk Solids Handling Technology

Subscribe to our newsletter

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