PROPSPEED^® CELEBRATES 25 YEARS OF PROTECTING THE INDUSTRY’S RUNNING GEAR

Auckland, New Zealand – Propspeed, leader of underwater foul-release coatings, is proud to announce its 25th anniversary, marking a quarter of a century dedicated to protecting running gear and underwater metals. For 25 years, Propspeed has set the standard with its industry-leading foul-release coatings systems, exceptional customer service and in-field support. Committed to enhancing the boating experience, Propspeed’s products optimize vessel performance, reduce operational and maintenance costs, and protect our shared playground - the ocean.

A legacy built on people, partners, passion, product and the love of the ocean

The idea of Propspeed was the result of a passionate fisherman, with an entrepreneurial mindset, a paint factory and a problem – nothing on the market protected his running gear from the fouling growing on his sportfishing boat moored in the Bay of Islands, New Zealand. A quarter of a century later, Guy Jacobsen and his family still own Propspeed, and are proud to have built a business that adds value to the marine industry and boaters alike. 

“When we first started out with Propspeed we had no idea the impact it would have on the industry,” said Jacobsen. “We not only created a market segment that has grown tremendously over the past 25 years, but we’ve added considerably to the enjoyment of recreational boaters, benefitted commercial mariners and built new revenue streams for boatyards and applicators, while continuing to focus on how we can be part of the solution to sustainability in the marine industry. We couldn’t be prouder of this impact and look forward to breaking new ground in the next 25 years.”

“Our 25th anniversary is a moment to reflect on our journey and express our gratitude to everyone who has been part of it,” said Marcus Hamilton, CEO, Propspeed. “Our success is a testament to the dedication of our team, the trust of our partners, the loyalty of our customers and the performance of our products over the past 25 years. We’re extremely proud to have become an important part of our customers’ businesses and boating experience, and we invite all of our customers and partners to join us in toasting the legacy that we have all built together.”

Throughout the coming year, Propspeed will focus on sharing its customers’ and partners’ stories from the past quarter century at upcoming boat shows and industry events. Propspeed invites all partners, customers and marine enthusiasts to join in this milestone celebration and share their Propspeed story with the world.

Propspeed products include Propspeed for running gear and any underwater metals, Foulfree^TM for transducers and Lightspeed^TM for underwater lighting. The latest addition to the product line is Stripspeed^®, a solvent-based paint stripper for underwater metals.

About Propspeed

Propspeed is the leader in foul-release coatings systems, renowned for its high-performance, biocide free products, that protect underwater assets. Since 1999, Propspeed has empowered boat owners, operators, and marine businesses with their foul-release coating systems that sustain vessel efficiency, protect the marine environment, and ensure long-lasting performance. Biofouling – the accumulation of marine life on ships’ hulls – increases drag and costs the global shipping industry an estimated $7.5 billion a year in wasted fuel. Based in New Zealand, where sailing excellence is culturally ingrained, Propspeed has become a worldwide phenomenon throughout the marine industry.