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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.
SHARC International Systems (OTCQB: INTWF) reported its Q2 and YTD financial results for 2021, highlighting a sales pipeline of $3.77M and a sales order backlog of $2.82M, up 47% since May 2021. Q2 2021 revenue was $0.11M, down from Q2 2020, but up for YTD at $0.3M. Losses increased, with a Q2 loss of $1.01M and a YTD loss of $1.86M, both higher than the previous year. The company raised $2.12M in capital markets and has $2.6M in working capital, sufficient for the next 12 months.
SHARC Energy (OTCQB: INTWF) has partnered with Musqueam Capital Corporation for the leləm̓ community development in Vancouver, utilizing a low-carbon wastewater energy system. This innovative project aims to significantly enhance energy efficiency and reduce carbon emissions for 1,200 residential units. By recycling thermal energy from wastewater, the development aligns with global sustainability goals, including the United Nations Environment Programme’s recommendations. The system is scheduled for delivery in Q1 2022, showcasing SHARC's commitment to environmental stewardship and energy innovation.
SHARC International Systems Inc. (OTCQB: INTWF) has secured a purchase order for two PIRANHA T15 wastewater heat pump systems to be installed at Trico LivingWell in Kingsland, Alberta. These installations are the second and third of their kind in the province, contributing to a sustainable approach in older adult living communities. The PIRANHA T15 systems significantly reduce CO2 emissions and align with Trico LivingWell's commitment to health and well-being, pursuing WELL v2 Certification. Anticipated shipping is before June 30, 2021.
SHARC International Systems (OTCQB: INTWF) reported its first quarter financial results for 2021. Revenue increased to $0.19M, up $0.14M from Q1 2020. The net loss narrowed to $0.85M from $0.87M year-over-year. Adjusted EBITDA loss rose to $0.51M. The company holds a sales pipeline of $3.31M and an order backlog of $1.21M. Working capital stood at $4.2M, allowing operations to continue for the next 12 months. SHARC raised $1.86M via capital markets, with a notable project in partnership with WashOut Laundry expected to yield significant energy savings.
SHARC International Systems Inc. (OTCQB: INTWF) reported its financial results for Q4 and FY 2020, revealing a revenue increase to $0.04M in Q4 and $0.63M for the year, up by $0.02M and $0.49M respectively from the previous year. However, the company experienced a loss from continuing operations of $0.95M in Q4 2020, up from $0.62M in 2019, while FY loss decreased to $2.89M from $3.29M. The company secured $11.13M in capital through various means and currently holds a working capital of $3.3M, positioning itself for future growth in energy recovery solutions.
SHARC International Systems has shipped its PIRANHA wastewater energy recovery system to the ELLA development in Vancouver, aimed at reducing energy costs and carbon emissions while aligning with the city's climate action plan. The 45-suite building is part of a trend towards sustainable development in Vancouver. The system is expected to achieve a reduction of 524 tonnes of CO2 emissions over its lifespan and provide up to 100% hot water production. This reinforces SHARC's commitment to energy efficiency and environmental sustainability.
SHARC International Systems showcased its wastewater energy recovery system at the DC Water HQ, recently toured by Congressman Marcy Kaptur. This system has significantly reduced greenhouse gas emissions, preventing approximately 12.6 metric tonnes of carbon dioxide annually, equivalent to planting 573 trees. Additionally, it saves about 1.5 million gallons of freshwater each year. The SHARC system operates on a heating and cooling ratio of 3.3% and 96.7%, respectively. SHARC’s technology aims to transform energy efficiency in buildings across North America.
SHARC International Systems (OTCQB: INTWF) achieved significant reductions in greenhouse gas (GHG) emissions through its PIRANHA wastewater heat recovery system, as highlighted in the International Journal of Energy Management.
The innovative technology resulted in almost 100% reduction in GHG emissions and 60% energy cost savings in a residential building in North Vancouver. The system saved approximately $10,000 CDN in natural gas costs and efficiently met building demands. This success positions SHARC Energy as a leader in sustainable energy solutions aimed at combating climate change.
SHARC International Systems Inc. has announced a partnership with WashOut Laundry to install a PIRANHA retrofit, expected to save over 2,100 gigajoules of natural gas and eliminate 105 tonnes of greenhouse gas emissions annually. The project, supported by FortisBC, highlights WashOut as Vancouver’s first eco-friendly laundry service to introduce this technology. With a sales order backlog of $1.44M, SHARC Energy continues to expand its reach through energy-efficient solutions. The PIRANHA system aims to promote sustainability in various regions across Canada and internationally.
SHARC Energy's PIRANHA Wastewater Heat Recovery System demonstrates significant energy savings and greenhouse gas reductions in a recent project. The system achieved a 99% reduction in GHG emissions and a 61% decrease in utility bills for a 60-unit residential building. Annual savings are estimated at $10,281 with GHG emissions dropping from 68,580 kg to 669 kg. The project highlights the PIRANHA's effectiveness in providing hot water and cooling, with a consistent Co-efficient of Performance (COP) over 3.7, making it particularly suitable for colder climates.
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