SHARC INTL SYS INC - INTWF STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

SHARC Energy has announced its PIRANHA T10 system will be implemented at the Global Education City’s King Edward project in Vancouver, B.C. The system will produce hot water while significantly reducing greenhouse gas emissions, estimating a decrease of 34 tonnes of CO₂ annually compared to traditional gas boilers. As carbon taxes rise, the PIRANHA T10 will help mitigate costs for the building and its tenants. The project aligns with local climate action initiatives aimed at zero-emission heating standards, and the unit is expected to ship in Q4 2021.

VANCOUVER, British Columbia, Sept. 02, 2021 – SHARC Energy (OTCQB: INTWF) announces that insiders purchased 1,010,000 shares, totaling $466,000, increasing insider ownership by 6%. Insiders now hold approximately 22% of shares outstanding. The company reports a 61% increase in Sales Pipeline and Order Backlog, amounting to $2.5M this year, promising new revenue milestones. Growth is driven by diverse prospective clients across various sectors, with installations expected soon. SHARC's technology garnered attention, including a visit from Congresswoman Marcy Kaptur, emphasizing its significant energy impact.