ORPC Secures Commitments for $7.5 million in Expansion Capital from Private Investors

Portland, Maine, November 7, 2019 – Ocean Renewable Power Company, Inc. (ORPC), announced
today that the company has closed on commitments for $7.5 million in private equity, allowing it to
expand its business development and sales focus in the U.S., Canada and Chile, and according to
management, position the company for growth and profitability. Read the full press release below.