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Third party research

I-tech: Signs agreement with Akzo Nobel subsidiary - ABG

I-tech

This is a third party research report and does not necessarily reflect our views or values

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Akzo Nobel Selektope product on Korean market in 6-12 months
Adds Akzo Nobel to list of named customers, brining the total to four
Supports estimates and confirms interest post EU regulatory issue


New product containing Selektope within 6-12 months

I-Tech announced in a press release this morning that it has signed a licence agreement with International Paints Korea Ltd, a subsidiary of Akzo Nobel, for commercial use of Selektope. In H1'23, 50% of I-Techs revenue came from South Korea, which is one of the world's largest shipbuilding nations, winning 29% of world-wide ship orders in H1'23. International Paints Korea Ltd is expected to release an antifouling product containing Selektope targeting the South Korean market within 6-12 months.
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