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Sharc International Systems Inc. (INTWF)

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Previous Close0.2691
Open0.2481
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Day's Range0.2481 - 0.2481
52 Week Range0.0492 - 0.3021
Volume3,500
Avg. Volume7,233
Market Cap14.786M
Beta (5Y Monthly)0.25
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EPS (TTM)-0.1070
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  • Canadian Government’s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally
    GlobeNewswire

    Canadian Government’s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally

    CTA Cleantech Southeast Asia 2020 Cohort Nine Canadian companies with innovative technologies in the cleantech and smart cities sectorsbegan a five-month Canadian Technology Accelerator (CTA) program this week to explorebusiness opportunities in Southeast Asia.VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”) has been selected to be part of a Canadian government Clean Tech Accelerator program that will market Canada’s leading clean-technology companies to global markets. Only nine Canadian companies were selected for a five-month Canadian Technology Accelerator (“CTA”) program, which will focus on business opportunities in Southeast Asia through a series of virtual meetings.Led by the Canadian Trade Office in Singapore, the CTA program allows chosen companies to access potential investments, pilot projects, partnerships and long-term sales in Singapore, Vietnam, Malaysia, and the Philippines, four of the ten Association of Southeast Asian Nations (“ASEAN”) countries.According to a report published by the International Energy Agency (“IEA”), the ASEAN region is one of the world's hottest areas, which caused a demand growth for space cooling of 7.5 times over the last 30 years. The temperature in this region keeps rising, as well as household income, leading to an increase in energy consumption and peak electricity demand. By 2040, cooling will account for 30% of peak electricity demand in ASEAN countries, and an additional 200 GW energy capacity will be required to meet the growing energy demand from ACs. These market trends support the adoption of high-efficient cooling technologies, making SHARC Systems a good fit. Our SHARC Systems can provide a super-efficient and climate-friendly district cooling solution through wastewater thermal energy exchange, and a process called heat rejection, as well as district heating and hot water production.“We are honoured to have been chosen by the Canadian Technology Accelerator to bring our technology to global markets,” said Hanspaul Pannu, SHARC Energy’s CFO. “By recovering or rejecting the thermal energy from the wastewater we send down the drain every day, our made-in-Canada technology will have a significant role in reducing a building’s energy costs and its carbon footprint.”SHARC Energy’s wastewater energy recovery technology — which exchanges the thermal energy from wastewater that is sent down the drain and turns it into heating and cooling — is already being used in Canada, the United States, Australia and the United Kingdom. Designed for both individual buildings and district energy systems, SHARC Energy’s technology is highly scalable and is being applied to both new and retrofitted buildings. “The nine companies taking part in the Southeast Asia program clearly demonstrate Canada’s leadership position in the cleantech sectors,” said Tegan Watson, Trade Commissioner, Canadian Technology Accelerator, Singapore. “It’s an exciting time to showcase Canadian innovation and know-how.”Since 2013, the CTA program has supported the international scale-up of high-growth, high-potential Canadian firms in the sectors of cleantech, as well as life sciences and digital and information communication technologies. To date the CTA program has had 574 participants, collectively garnering $646 million in capital, $238 million in revenue and created 1,128 strategic partnerships and 2,529 new jobs.“We’re seeing significant growth in the Southeast Asian cleantech sector and that includes growth in demand for circular economy and energy efficiency technologies,” said Lynn McDonald, Canadian High Commissioner in Singapore. “There’s a great opportunity for Canadian innovation to address some of the region’s most pressing environmental issues.”The CTA program has also partnered with industry-leading organizations at the forefront of cleantech innovation. The nine companies in this year’s program will benefit from the expertise of New Energy Nexus, SecondMuse and the EcoLabs Centre of Innovation for Energy. New Energy Nexus is an international non-profit that supports clean energy entrepreneurs with funds, accelerators, and networks. SecondMuse is an impact and innovation company that builds resilient economies by supporting entrepreneurs and the ecosystems around them. The EcoLabs Centre of Innovation for Energy is designed to build and accelerate deep-tech energy innovation capabilities in Singapore to support the nation’s energy transition.About SHARC International Systems SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings, reducing their carbon footprint. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).Further information about the Company is available on our website at www.SHARCenergy.com or SEDAR at www.sedar.com.ON BEHALF OF THE BOARD “Lynn Mueller” Chairman and Chief Executive OfficerFor investor inquiries, please contact: Jason Shepherd Investor Relations SHARC International Systems Inc. Telephone: (250) 212-2122 Email: jason.shepherd@sharcenergy.comFor media inquiries, please contact Mike Tanyi Director of Marketing and IT  SHARC International Systems Inc.  Telephone: (250) 212-2122  Email: mike.tanyi@sharcenergy.comThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87efcf37-a84a-4b02-8720-740680631c09

  • SHARC Energy Supports King County and Seattle Pioneering Wastewater Energy Recovery
    GlobeNewswire

    SHARC Energy Supports King County and Seattle Pioneering Wastewater Energy Recovery

    Sewer Heat Recovery: How It Works Sewer Heat Recovery: A King County Renewable Clean Energy Resource * King County opens public sewer system to private-sector wastewater-energy-recovery projectsVANCOUVER, British Columbia, Nov. 19, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”) is pleased to announce plans are proceeding to apply its wastewater energy recovery technology to the King County sewer system, the 12th most populous county in the US, which includes the city of Seattle.SHARC Energy participated in the opportunity that King County provided for public consultation with regards to the development of the template contract that could be used for agreements with private parties (users) for sewer heat recovery. On September 15, King County Council unanimously approved legislation allowing three wastewater heat recovery projects.“This is one of the most ambitious wastewater recovery initiatives in North America and we are delighted to see King County take a leadership role in recovering the energy that goes down the drain every minute of every day in buildings across the United States and around the world,” said SHARC Energy CEO Lynn Mueller.“SHARC Energy’s wastewater recovery systems, now successfully operating in Canada — the United States, Australia and the United Kingdom — reduce the use of fossil fuels for heating and cooling, and that means energy savings and dramatic reductions in GHG emissions to help residents, property owners and government’s meet vital decarbonization targets.”The approved program proposes up to three pilot projects in King County, including Seattle, which will operate without paying the energy transfer fee for three years in exchange for sharing data with King County Water Treatment Division (“King County WTD”), which provides wastewater treatment services to 17 cities, 17 local sewer districts and more than 1.8 million residents across a 420-square-mile area in King, Snohomish and Pierce counties, including Seattle.SHARC Energy’s system has been accepted by a US national developer which has a Seattle project that is potentially one of the pilot King County wastewater recovery projects. Details of the application involving SHARC Energy are being withheld for commercial reasons. Final development applications for one or potentially more of the pilot project proposals closes December 18, 2020.This initiative highlights one of two opportunities for “Smart Cities”, municipalities, wastewater authorities and other owners of city wastewater and sewer infrastructure to monetize a previously forgotten resource and cost center while helping achieve the goals of government climate action plans.“Our new Sewer Heat Recovery program is a great opportunity for us to partner with King County commercial property owners,” Mark Isaacson, WTD Director, said in a Nov. 5th statement. “This technology will lower a connected building’s carbon emissions, and help owners decrease their environmental footprint. Sewer heat recovery can also help owners and developers meet more stringent energy codes and give them a chance to leverage occupancy strategies that could attract tenants, buyers, and potential investors.” King County WTD is showcasing the ability to sell the wastewater flowing within their current sewer infrastructure through transfer fee agreements with the private sector. In Vancouver, the City of Vancouver Neighbourhood Energy Utility (“NEU”) is powered by a sewer heat recovery district energy system, utilizing two SHARC 880 systems for superior wastewater filtration, to sell 3 megawatts (MW) of heating and cooling to 5,750,000 square feet of residential, commercial and institutional floor area and has approval for a Federal and Provincial government subsidized 5-MW expansion to heat over 20,000,000 square feet of the city slated to begin in 2021. This expansion represents one of two sewer heat recovery district energy projects within the Greater Vancouver area being funded by the Federal and Provincial government. King County is now at the forefront of wastewater heat recovery. They are now the first county or municipality in Washington State and the first in North America to establish a clear framework for private-sector partners to tap into the wastewater sewer system, a previously unutilized publicly-owned renewable energy resource.The King County Strategic Plan has also set out an aggressive Healthy Environment plan to reduce countywide greenhouse gas emissions by 50 percent by 2030. The proposed legislation also furthers its Strategic Climate Action Plan goal of reducing countywide sources of greenhouse gas emissions by supporting development of renewable energy resources.About SHARC International Systems SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).Further information about the Company is available on our website at www.SHARCenergy.com or SEDAR at www.sedar.com.ON BEHALF OF THE BOARD “Lynn Mueller” Chairman and Chief Executive OfficerFor investor inquiries, please contact: Jason Shepherd Investor Relations SHARC International Systems Inc. Telephone: (250) 212-2122 Email: jason.shepherd@sharcenergy.comFor media inquiries, please contact Mike Tanyi         Director of Marketing and IT  SHARC International Systems Inc.  Telephone: (250) 212-2122  Email: mike.tanyi@sharcenergy.com  The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.A video accompanying this announcement is available at  https://www.globenewswire.com/NewsRoom/AttachmentNg/5826f829-bcf9-4b2b-bc65-1477ddfe2889A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a9f3f98-0530-4fd7-bbc8-7128aa576e83

  • GlobeNewswire

    SHARC Energy Proves to U.S. Utilities and Investors PIRANHA HC can provide up to 99% GHG reduction and 61% Energy Savings

    * SHARC™ ENERGY’S PIRANHA™ Wastewater Heat Recovery System can be installed or retrofitted into most buildings for dramatic reductions in energy costs and carbon footprints VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Utilities, municipalities and private sector investors in the United States will today be shown ground-breaking savings in energy costs and greenhouse gas reductions achieved during a three-month demonstration of a unique wastewater thermal recovery technology built by SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”).Today’s SHARC Energy presentation at the Incubatenergy Labs and Ameren Accelerator Demo Day, attended by leading U.S. electric power sector leaders, will demonstrate a residential building equipped with the PIRANHA HC wastewater energy recovery system obtained dramatic energy savings by completely offsetting the gas-boiler system in a 60-unit residential building in North Vancouver, British Columbia.Results included a 99-per-cent GHG emission reduction and a 61-per-cent reduction in monthly utility bills, while achieving an uninterrupted supply of hot water and cooling to the complex when the PIRANHA HC was installed.Based on the data collected from the building, the natural-gas boilers have an annual energy cost of $16,906 and annual GHG emissions of 68,580 kg. In comparison, the PIRANHA HC unit has an extrapolated annual energy cost of $6,625 and annual GHG emissions of only 669 kg. This represents an annual savings of $10,281 and 67,911 kg of GHG emission reductions. The estimated useful life of a PIRANHA is 25+ years.“We are honoured to be chosen to present our wastewater thermal energy recovery technology to this prestigious audience,” said SHARC Energy CEO Lynn Mueller, who will be presenting the results virtually. “The PIRANHA HC system collects the water we put down the drain every day and captures the thermal energy that would be otherwise lost. This technological achievement is not only good for the bottom line for building owners and residents, it will also have a positive global impact on the environment as the technology is scaled.”SHARC Energy’s demonstration ─ carried in collaboration with Ameren Corporation, Consolidated Edison, Southern California Edison and the Tennessee Valley Authority ─ was independently assessed by the Electric Power Research Institute (“EPRI”).The next steps to further validate SHARC Energy’s technology is identifying and implementing multiple demonstration sites with an independent evaluation to quantify the performance over a longer period of time. The Company and partnering utilities are seeking to install PIRANHA in sites such as larger apartment buildings, laundromats, breweries, food production, hotels, seniors-living facilities and other commercial and industrial operations and buildings. It is anticipated that additional utilities will look to partner on additional projects within their regions/jurisdictions.The demonstration project presentation delineates that the PIRANHA HC, a self-contained wastewater heat pump that provides hot water and air conditioning, operates at an optimal and consistent Co-efficient of Performance (“COP”) due to the consistent and renewable nature of wastewater. This is an advantage over air-source heat pumps that see dramatic fluctuations in efficiency, with the potential for negative COP, during defrosting cycles. This makes PIRANHA particularly efficacious in cold-weather markets, such as New York and the U.S. eastern seaboard.Key results of the PIRANHA demonstration project include: * 61 per cent energy savings reported by building management. * 99 per cent GHG reduction from gas boiler use. * Production of 100% of the hot water at 140°F, completely offsetting the use of gas boilers. * An average Co-efficiency of Performance (“COP”) for hot-water production of over 3.7 over the project term and peak COP of over 5. * Reduction of thermal water pollution. PIRANHA HC removes the heat from wastewater, so that it reduces impact on ambient water temperature in rivers, lakes and oceans when it is released. “PIRANHA units are already installed in the U.S., Canada and Australia and we have more installations around the world planned in the months ahead,” said Mueller. “We are now in full commercialization mode.”The Demo Day registration is open now to the public and shareholders and other stakeholders are encouraged to join. Subsequent to Demo Day, please check the Company website for content related to the Incubatenergy Labs Challenge.About SHARC EnergySHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings, reducing energy costs and carbon footprints. SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) . Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com. ON BEHALF OF THE BOARD  “Lynn Mueller”  Chairman and Chief Executive Officer For investor inquiries, please contact:  Jason Shepherd  Investor Relations  SHARC International Systems Inc.  Telephone: (250) 212-2122  Email: jason.shepherd@sharcenergy.comFor media inquiries, please contact Mike Tanyi Director of Marketing and IT  SHARC International Systems Inc.  Telephone: (250) 212-2122  Email: mike.tanyi@sharcenergy.comThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.