I-Tech AB (ITECH) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is early afternoon and we continue to dive deeper into today's reports release. And now we shift our focus towards iTech, who during this morning published their report for the first quarter of 2026. And standing next to me is Marcus Jansson, who is the company's CEO. Welcome. Thank you very much, Mike. Great to be back. It is good to have you back. So you will give us a short presentation and then I'll return to ask a few questions. Indeed. So firstly then, for those of you who are experiencing or meeting iTech for the first time, just a brief introduction before we jump into the numbers and sort of the outlook going forward. So the space that iTech is operating in is today a marine transport. So our sort of innovation space, you could say, is this statement here. What if one third of the global fleet of 110 commercial vessels were using 36% more fuel than needed, even just for one day. What would that actually mean for operating costs and emissions? And the fact of the matter is, it is this bad, right? This is actually our data when in docking ships coming in after five years of service. They are using too much fuel. And it's the effect really of biofouling on the ship's hulls. So essentially, you know, when a ship is submerged under water, organisms start to grow on the ship hull. And in the beginning, it's typically slime. Later on, there could be weed and also then different hard fouling species like barnacles, for instance. and this significantly increases ships fuel consumption and of course that is impacting you could say operating costs but also then in elevating so the emissions of of co2 and ghg gases and so really having good biofouling control is an important topic and that's then where itech and our product selectop comes in right and we help the the...