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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