Ocean Sun has initiated an exploration of strategic alternatives to accelerate
the global scaling of its unique floating solar technology. The Company's
patented and proprietary technology represents a proven innovation that is
commercially viable. It delivers documented efficiency gains through direct
water cooling, exceptional material efficiency, and robust performance across
both inland and near-shore environments.
Ocean Sun currently has 14 projects implemented in seven countries. With the
completion of the Soneva Secret project, OSUN is ready for commercial ramp-up of
its solution for nearshore sites and larger lakes, with a 12-month pipeline
several times larger than the current installed capacity.
Ocean Sun sees a broader and growing international pipeline with increasing
interest from developers, utilities, and industrial stakeholders. The Board
believes this is a timely moment to evaluate pathways that could unlock the full
commercial potential of the Ocean Sun solution. As part of the review, the
Company has engaged Fearnley Securities as financial advisor to assist in this
process.
There can be no assurance that the exploration process will result in any
specific outcome or transaction. The Company will provide further updates if and
when appropriate.
For further details on Q4 trading, please see the attached report. A
presentation of the results followed by a Q&A session will be held through a
live webcast today at 10:00 CET. You can follow the webcast through our webpage
www.oceansun.no or use the following link:
https://teams.microsoft.com/l/meetup-join/19%3ameeting_YWRlMTJiYzEtN2MxMS00YWYyL
TlhNzktNDQ3ODhkZDE2MzQ0%40thread.v2/0?context=%7B%22Tid%22%3A%22cf40c765-41b2-4b
04-b959-a75abaff0db8%22%2C%22Oid%22%3A%22c4ee087d-7805-4799-be53-648b0a31863e%22
%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a
You may ask questions through the webcast solution, or email your questions in
advance to kl@oceansun.no
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 is embarking on its vision to be the world's leading technology
provider of floating solar.
For further details, please contact:
Kristian Tørvold, CEO of Ocean Sun, +47 97088847
Karl Lawenius, CFO of Ocean Sun, +47 45633881
This message contains inside information pursuant to the European Market Abuse
Regulation. The contacts mentioned above are responsible for the public
announcement of this message.