What Azra Tech does

Azra Tech is a privately held American materials science company founded in 2007 and headquartered in New York, with a Swiss subsidiary (Azra Advanced Materials AG) in Lugano and additional offices in Geneva, Rome, Tel Aviv, and Athens. The company develops biocide-free, nano-bio advanced coatings that reduce friction, prevent corrosion, and repel water, ice, and dust. Its core portfolio includes the Green Hull Advanced Coating System for marine vessels, a superhydrophobic coating system for energy infrastructure, and an anticorrosion and friction-reduction system for oil and gas storage tanks and pipelines, all built on proprietary chemistry protected by 120 granted patents out of 200 applications, with intellectual property also registered on blockchain.

The company operates a three-tier business model. The Front Line stream sells coating solutions directly to enterprise shipping and industrial clients, with application performed at certified shipyards such as Lisnave (Setúbal, Portugal) and Odessos (Bulgaria). The Medium Stream licenses patented technology, supports joint-venture manufacturing, and distributes nanotechnology-based coatings and advanced nanoclay additives. The Upstream stream supplies functionalized nano-additives and masterbatches for resin-matrix applications. Revenue mechanics therefore span one-time project sales alongside licensing, royalty, and distribution streams, supported by the Blue Race Performance Guarantee certification program and the Zero Impact Innovation (ZERO³) sustainability positioning.

The customer base is concentrated in enterprise maritime shipping, with named deployments including Diana Shipping Panamax and Capesize vessels, Western Shipping's Aframax tanker ZENOVIA LADY and LPG Marcelus Lady, Neptune Lines' car carrier Neptune Aegli, and SNL's lake vessels on Lake Lugano. Sales are driven by shipyard application logistics, technical demonstrations, and verified long-horizon performance results, with third-party Class certification, IMO EEXI/CII compliance, and FOEN authorization as commercial enablers. Channel partners include Green Navis, the exclusive regional representative for Greece and Oman, and the company actively participates in industry events such as Posidonia.

Name

Azra Tech

Legal name

Azra Tech Inc.

Website

https://azra-tech.com

Company type

Private

Founded year

2007

Operating status

Operating

Short description

Azra Tech is a private New York-based materials science company that develops biocide-free nano-bio advanced coatings for marine hulls, energy infrastructure, and oil & gas assets. It sells to enterprise shipping operators via shipyard applications and licenses its patented chemistry.

Ownership category

akta.pro rank

Product category

Marine & Industrial Functional Coatings

NAICS

Paint and Coating Manufacturing (32551)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Marine Coatings (IMAEAHAD)

akta.pro secondary industries

Marine & Offshore Coatings (IMAEAGAD), Coatings, Corrosion Protection & Anti-Fouling Systems (IMAJAKAJ), Tank, Pipeline & Marine Coating Services (Lining/Wrapping) (IMAIAKAJ), Industrial & Protective Coatings (IMAEAGAB)

Keywords

• Marine hull coatings
• Biocide-free coatings
• Superhydrophobic coatings
• Anticorrosion coatings
• Nanomaterial additives

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Front Line Business - Coating Solutions: Design and supply of multi-functional coating solutions directly to shipping companies and industrial clients for marine hull protection, energy applications, and oil & gas storage tanks.
2. Medium Stream Business: Licensing of patented technologies, joint ventures for coatings manufacturing, partnership and distribution for nanotechnology-based coatings, supply of additives with freedom to operate.
3. Upstream Business: Licensing of patented technologies, joint ventures for nanomaterials manufacturing, partnership and distribution for nanotechnology-based masterbatches. Tailored functionalized nano-additives for resin matrix applications.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Azra Tech develops and supplies nano-bio advanced materials and functional coatings for marine hull protection, energy infrastructure, and oil & gas applications. Its biocide-free, silicone-free formulations include the Green Hull Advanced Coating System for ship hulls, the Superhydrophobic Coating System for power generation and renewable energy equipment, and the Oil & Gas Anticorrosion Coating System for storage tanks and pipelines, supported by nanoclay additives and functionalized nano-additive masterbatches supplied via licensing and joint-venture partnerships.

Product overview

Azra Tech offers a portfolio of nano-bio advanced materials and functional coatings organized across three business streams. The Front Line business delivers multi-functional coating solutions including the Green Hull Advanced Coating System for marine hull protection, the Superhydrophobic Coating System for energy applications, and the Oil & Gas Anticorrosion Coating System for storage tanks and pipelines. The Medium-stream business licenses patented technologies, supplies JV manufacturing, and provides distribution of nanotechnology-based coatings plus advanced nanoclay additives. The Upstream business licenses technologies for nanomaterials manufacturing and supplies nanotechnology-based masterbatches. The company also operates under the Blue Race Performance Guarantee certification program and Zero Impact Innovation (ZERO³) sustainability strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Green Hull Advanced Coating System Ground-breaking biocide-free, silicone-free coating solution for underwater hull protection that creates an ultrasmooth surface with extremely low Friction Increase Ratio (FIR), providing 3-9% fuel savings compared to market standard products and CO2 emission reduction above 10%. Designed for shipping companies, vessel operators, and maritime logistics providers seeking sustainable hull coating solutions.
• Superhydrophobic Coating System Anticorrosion and anti-stick technology producing superhydrophobic surfaces with contact angle greater than 150 degrees and sliding angle less than 10 degrees, enabling natural ice removal, snow sleeve detachment, dust repulsion, and easy cleaning for power generation equipment, solar panels, and wind turbines. Applicable on polymers, aluminum, glass, and copper substrates.
• Oil & Gas Anticorrosion Coating System Multifunctional coating system combining anticorrosion protection with friction reduction properties, applied on pipe inner surfaces to reduce liquid/gas friction and on storage tank exteriors for long-lasting protection against atmospheric agents, temperature cycling, UV, and chemical agents, extending asset lifecycle and lowering maintenance costs.
• Advanced Nanoclay Additives Advanced additives based on nanoclays functionalized by recyclable water process for paint and coating systems, providing thickening, rheological improvement, thixotropic control, settling and sag resistance, system stability, antimicrobial features, high barrier properties, improved corrosion resistance, and low flame spreading.
• Functionalized Nano-Additives (Masterbatches) Tailored functionalized nano-additives for resin matrices available as masterbatches, overcoming difficult-to-disperse filler challenges and achieving intimate dispersion for unique and durable protective performance in final coating products.

Quantifiable outcome

• 14% decrease in propulsion power on Aframax tanker
• +6 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• Diana ShippingcoreStrategic or Co-development Partner · 1 January 2024Deployed biocide-free hull coating on Panamax (m/v Crystalia) and Capesize (m/v G.P. Zafirakis) vessels. Projected reduction of approximately 5,660 tons of CO2 emissions between 2024 and 2029. Technology received Class certification for performance.
• Western Shipping Pte LtdcoreStrategic or Co-development Partner · 1 January 2024Strategic sustainability partnership. Applied coating to Aframax tanker ZENOVIA LADY achieving 14% propulsion power reduction and 2,360 tons CO2 reduction over 18 months. Also coated LPG Marcelus Lady in 2023 with 30 months of verified monitoring showing significant fuel savings and reduced emissions.
• World Leading Cruise Line and Container Operator (Confidential)coreStrategic or Co-development Partner · 1 January 2024Confidential references cited on business model page. Customer identity undisclosed due to confidential nature of deal.
• Società Navigazione del Lago di Lugano (SNL)flagshipStrategic or Co-development Partner · 14 April 2023Collaboration launched in 2023 for sustainable lake navigation. SNL adopted Azra Advanced Materials AG's biocide-free coating on four vessels. San Gottardo showed 6.4% max speed increase and 6%+ fuel reduction. Azra Tech authorized by Swiss Federal Office for Environment (FOEN) as eligible enterprise for CO2-reduction initiatives through this partnership.
• Green NaviscoreChannel Partner/ Reseller/ Distributor · 1 July 2022Exclusive regional representative for Greek and Omani markets. Green Navis introduces Azra Tech's hull coating solutions to these markets and supports customer adoption and relationships. Partnered at Posidonia Exhibition 2024.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Hempel: Hempel is a global coatings manufacturer with a leading marine coatings portfolio including hull coatings with biocide and biocide-free options, directly competing with Azra Tech's Green Hull Advanced Coating System across shipyards worldwide.
• Jotun: Jotun is one of the world's largest marine coatings suppliers (SeaQuantum, Hull Skating Solutions), directly competing with Azra Tech on fuel-saving antifouling and hull coating technologies for commercial shipping.
• Chugoku Marine Paints: Chugoku Marine Paints is a Japan-headquartered specialist in marine and container coatings with eco-friendly antifouling lines, directly comparable to Azra Tech's biocide-free hull coating positioning.

Broad incumbents

• PPG Industries: PPG is a global coatings giant with marine and protective coatings lines (SIGMAGLIDE, Amercoat) competing with Azra Tech on both marine hull and oil & gas pipeline/tank applications.
• International Paint (AkzoNobel Marine): AkzoNobel's International Paint division is the largest marine coatings supplier globally with Intercept, Intersleek, and other hull coating lines, competing with Azra Tech across the full spectrum of maritime and offshore coatings.

Emerging players

• Advanced Marine Coatings: Advanced Marine Coatings provides specialty marine coating solutions with focus on performance and durability, competing in the same niche eco-friendly hull coating space as Azra Tech.
• Kansai Paint: Kansai Paint's marine coatings arm offers antifouling and hull coatings with Asia-Pacific market strength, partially overlapping with Azra Tech's addressable market on eco-friendly formulations.
• Teknos: Teknos manufactures industrial and protective coatings including anti-corrosion and specialty coatings for marine and energy applications, comparable to Azra Tech's oil & gas pipeline and industrial coating lines.
• Hempel Hull Performance Solutions: Hempel's HPS offering bundles coatings with performance monitoring and guarantees (similar to Azra's Blue Race Performance Guarantee), serving as a direct comparator for outcome-based marine coating service models.

Others

• Cathelco: Cathelco provides marine corrosion protection systems including impressed current cathodic protection and antifouling solutions for ship hulls, an adjacent/complementary technology to Azra Tech's coating-based approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/AzraTechGroup

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Azra Tech