I-Tech AB receives a frame order worth 53 MSEK from Chugoku Marine Paints.

MAY 18, 2021, 10:00 CETI-Tech AB (publ) (ticker: ITECH) has received a new frame order amounting to 53 MSEK from Chugoku Marine Paints (CMP) to be delivered during 2021 and 2022.The order is placed by Chugoku Marine Paints as a measure to secure supply in the expansion of existing and newly introduced fuel saving antifouling products around the world. This frame order constitutes a minimum undertaking and specific orders, and timing of such, is to be clarified further on with deliveries commencing in Q3 2021. Commenting on the new order, Philip Chaabane, CEO of I-Tech AB, said:“I am