I-Tech AB (ITECH) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's presentation where we have iTech with CEO Marcus Jönsson and CFO Magnus Nell presenting. After the presentation, there will be a Q&A. So if you have any questions, please feel free to use the form located to the right. And with that said, please go ahead, Marcus and Magnus, with your presentation. Thank you very much, Martin. And good morning and welcome to this Q3 call. And today we actually extended the presentation a little bit to talk more about the market as such, to also answer your questions towards the end. But let's get going with the introduction part. So we will be brief here. I mean, most of you who are joining the call know about us, right? But I take as such a scalable business model and still low penetration. We calculate that we are approximately 3,000 out of a global fleet of 100,000 ships, so plenty of growth. Production is outsourced. We are focusing on the sales and marketing and product development of our product sector. We are addressing key maritime challenges, which is to reduce the emissions of CO2 and fuel use. also to help protect sensitive ecosystems and marine environments from the transfer of invasive species, and also reduce the emission of chemicals to our oceans. And this is what we are working with in NITEC. The solution is a pharmaceutical ingredient with a non-lethal effect on barnacle larvae. They become temporarily hyperactive, and they cannot settle on a ship hull that has been treated with Celectopr. The substance is highly efficient, so 0.1% is needed approximately for having a good barnacle protection. So you can formulate very innovative coating products also using Selectome. Why are barnacles such a big challenge for global shipping? Well, they are present essentially almost all around the globe...