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SHARC INTL SYS INC - INTWF STOCK NEWS

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SHARC Intl Sys Inc (INTWF) is a leading provider of wastewater heat exchange solutions, specializing in wastewater energy recovery systems. The company's innovative technology harnesses the thermal energy from wastewater, offering sustainable and cost-effective heating and cooling solutions for residential, commercial, and industrial applications. With a strong focus on environmental sustainability, SHARC Intl Sys Inc continues to expand its market presence and drive innovation in energy-efficient solutions.

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SHARC Energy has secured a purchase order from California/Columbia Hydronics Corporation to install the first Wastewater Energy Transfer (WET) system in the Pacific Northwest, specifically in Seattle. This installation is part of an initiative utilizing the King County Wastewater Heat Recovery Pilot Project, which waives WET fees for three years in exchange for operational data.
The WET system serves as an eco-friendly heating and cooling solution, promoting energy recovery from wastewater.

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SHARC International Systems Inc. (OTCQB: INTWF) reported significant revenue growth in its fourth quarter and fiscal year ended December 31, 2021. Q4 2021 revenue reached $0.98M, a remarkable 2564% increase year-over-year. For YE 2021, revenue totaled $2.70M, marking a 328% increase from the previous year. However, the company experienced an Adjusted EBITDA loss of $0.40M in Q4 and $1.46M for the year. As of April 18, 2022, it holds a sales pipeline of $6.02M but faces a 62% decrease in sales order backlog. Working capital stands at $3.35M, promoting a positive outlook for continued operations.

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SHARC International Systems Inc. (OTCQB: INTWF) announced a non-binding MOU with Carry the Kettle Nakoda Nation and Saskatchewan Renewable Energy Solutions to develop a renewable energy project in Saskatchewan. This initiative aims to utilize solar energy and SHARC's Wastewater Energy Transfer (WET) systems, significantly reducing carbon emissions by decreasing propane usage. The project seeks to foster local and Indigenous business involvement, ensuring a positive environmental and economic impact for the community.

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SHARC International Systems Inc. (CSE: SHRC, OTCQB: INTWF) announced its collaboration with Musqueam Capital Corporation for the development of the leləm̓ community in British Columbia. SHARC's Wastewater Energy Transfer (WET) system will provide sustainable heating and cooling for 1,200 residential units in the master-planned community. The installation and commissioning of the WET system are scheduled for Q1 2022, contributing to significant energy efficiency and carbon savings.

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SHARC International Systems Inc. has secured a purchase order for two PIRANHA systems for an affordable housing project in Boulder, Colorado, marking the second installation in the area. The company anticipates substantial growth in PIRANHA system sales, projecting 30 orders and $2.1M in revenue over the next year. This growth is driven by policies promoting energy efficiency and climate change initiatives, with an increasing focus on renewable energy technologies. SHARC Energy continues to innovate in energy recovery from wastewater, positioning itself as a leader in energy-efficient solutions.

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SHARC Energy (OTCQB: INTWF) reports record financial results for Q3 and YTD 2021. Q3 revenue reached $1.42M, a 234% increase from Q3 2020, marking the highest quarter ever. YTD revenue was $1.72M, up 190% year-over-year. The company achieved its first cash flow positive quarter with Adjusted EBITDA of $0.02M, a 106% improvement. However, Q3 and YTD losses were $0.41M and $2.27M respectively, due to prior debt settlement gains. The current working capital stands at $2.67M, providing operational continuity for the next year.

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On October 14, 2021, SHARC International Systems Inc. (OTCQB: INTWF) announced optimism regarding the Wastewater Energy Exchange industry in New York. The New York State Energy Research & Development Authority (NYSERDA) is funding 22 projects, with at least 13 focusing on feasibility studies for Wastewater Energy Exchange, indicating a growing acceptance and interest in this technology. CEO Lynn Mueller emphasized the significance of this funding as a positive indicator for the industry, highlighting their commitment to promoting sustainable energy solutions.

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SHARC Energy (OTCQB: INTWF) congratulates CEO Lynn Mueller on receiving the Clean50 Lifetime Achievement Award for his contributions to wastewater energy exchange. This prestigious recognition honors individuals who significantly impact business and the environment. Mueller's innovations in low carbon heating and fresh water conservation are timely, particularly amidst rising global temperatures and drought in the Western U.S. His leadership has positioned SHARC Energy as a leader in wastewater energy recovery, advancing efforts against climate change.

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SHARC International Systems Inc. (OTCQB: INTWF) announced the successful delivery of units for three major projects: National Western Center, Trico LivingWell, and 303 Battery. These installations represent the largest wastewater heat recovery project in North America and will contribute to significant CO2 emission reductions. The systems are expected to provide 90% of the heating and cooling needs at National Western Center while eliminating over 2,600 metric tonnes of CO2 emissions annually. SHARC Energy emphasizes the growing adoption of its technology across multiple sectors.

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FAQ

What is the current stock price of SHARC INTL SYS (INTWF)?

The current stock price of SHARC INTL SYS (INTWF) is $0.0995 as of December 20, 2024.

What is the market cap of SHARC INTL SYS (INTWF)?

The market cap of SHARC INTL SYS (INTWF) is approximately 18.2M.

What does SHARC Intl Sys Inc specialize in?

SHARC Intl Sys Inc specializes in wastewater heat exchange solutions, offering sustainable and cost-effective heating and cooling solutions.

What type of applications can benefit from SHARC Intl Sys Inc's technology?

Residential, commercial, and industrial applications can benefit from SHARC Intl Sys Inc's innovative technology.

What sets SHARC Intl Sys Inc apart from its competitors?

SHARC Intl Sys Inc stands out for its focus on environmental sustainability and its commitment to driving innovation in energy-efficient solutions.

Who is SHARC Intl Sys Inc's representative in the New England region?

HTS New England, a leading HVAC representative, is SHARC Energy's partner in the New England region.

What are some key metrics used by SHARC Intl Sys Inc?

Sales Pipeline, Sales Order Backlog, and Adjusted EBITDA are some key metrics used by SHARC Intl Sys Inc.

How does SHARC Intl Sys Inc contribute to sustainability?

SHARC Intl Sys Inc contributes to sustainability by providing innovative technology that harnesses thermal energy from wastewater for heating and cooling purposes.

Where can I find more information about SHARC Intl Sys Inc's financial performance?

For detailed financial performance discussions, refer to the latest Management Discussion & Analysis reports available on the company's website.

What regions does SHARC Intl Sys Inc operate in?

SHARC Intl Sys Inc operates in various regions, with a growing presence in New England and a focus on expanding its market reach.

How does SHARC Intl Sys Inc drive innovation?

SHARC Intl Sys Inc drives innovation by continuously developing and improving its wastewater energy recovery systems, staying at the forefront of sustainable heating and cooling solutions.

What partnerships does SHARC Intl Sys Inc have?

SHARC Intl Sys Inc has partnerships with key players in the HVAC industry, such as HTS New England, to support its market presence and promote sustainable solutions.

SHARC INTL SYS INC

OTC:INTWF

INTWF Rankings

INTWF Stock Data

18.21M
130.95M
15.88%
Pollution & Treatment Controls
Industrials
Link
United States of America
Port Coquitlam