Following the settlement of a patent dispute earlier this year, Ocean Sun and
Inseanergy have entered into a cooperation agreement to supply green energy
systems based on Ocean Sun's floating PV technology to the aquaculture industry
worldwide.   

"Through extensive testing, validations, and full-scale demonstrators, Ocean Sun
has shown that their technology is very well suited to our main market, namely
operations in the aquaculture industry. By forging strong partnerships with
world-class technology providers, in combination with our competence as a system
integrator and our vast network within aquaculture, we can together increase the
opportunity to take global green leadership" - says Kari-Elin Hildre, CEO of
Inseanergy.

"The aquaculture industry in Norway and abroad has a large need to reduce
emissions and Ocean Sun's floating solar technology is perfectly suited for
reducing fossil fuel consumption. Inseanergy is an ideal partner, as a system
integrator, and in reaching the large and widespread market internationally.
Strategically located in Ålesund, they have a significant client base in the
aquaculture industry, and with the outward-looking and business-oriented view
that a "Sunnmøring" is known for, they also have a global perspective on
everything they do." - says Børge Bjørneklett, CEO of Ocean Sun


About Ocean Sun

By combining Norwegian maritime expertise and knowledge within photovoltaics,
Ocean Sun has developed an innovation that offers a bold solution to our global
energy needs. The patented technology is based on solar modules mounted on
hydro-elastic membranes and offers cost and performance benefits not seen in any
other floating PV system today. With offices in Oslo, Singapore, and Shanghai,
Ocean Sun aims to become the world's leading technology provider of floating
solar.


About Inseanergy

Inseanergy is a cleantech energy company that develops and supplies green energy
systems for aquaculture. Choosing an energy system from Inseanergy gives you
access to self-produced, short-distance, and emission-free energy. The company
was founded in May 2020 and its head office is in Aalesund, Norway.


For further details, please contact: 
Børge Bjørneklett, CEO of Ocean Sun, +47 90195778
Karl Lawenius, CFO of Ocean Sun, +47 45633881