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SHARC International Systems Inc., doing business as SHARC Energy, develops and sells wastewater energy transfer systems that exchange thermal energy with wastewater for heating, cooling and domestic hot water applications. Its reported product portfolio includes SHARC 880, PIRANHA and Back-Flush Only systems for commercial, residential, industrial and district energy settings.
Company news commonly covers equipment orders, project deployments, system commissioning, backlog and revenue updates, product-category expansion, and governance actions. Reported applications include district energy and thermal energy networks, wastewater treatment plant effluent, multifamily housing, airports, data centers, universities and other facilities using wastewater or hydronic sources as thermal-energy reservoirs.
SHARC Energy (OTCQB: INTWF) reported Q2 2026 revenue of $0.27 million, down about 68% from $0.85 million in Q2 2025, with gross margin at 41.4% versus 44.0%. Q2 net loss was $0.92 million and Adjusted EBITDA loss was $0.77 million.
For the first half of 2026, revenue was $0.76 million versus $1.86 million a year earlier, with a net loss of $1.83 million and Adjusted EBITDA loss of $1.53 million. As of August 25, 2026, SHARC Energy reported a $5.4 million Sales Order Backlog and $17.9 million Sales Pipeline, together about $23.3 million, after approximately $5.1 million of equipment orders secured in 2026.
The company ended Q2 with $1.40 million in cash and positive working capital of about $0.56 million, supported by a $2.5 million unsecured convertible debenture financing. Highlights also included the commercial launch of the MANTA system, new projects across North America, patent grants in the U.S. and Europe, and an executive leadership transition appointing Shane Dungey as Interim CEO and Executive Vice Chair.
SHARC Energy (OTCQB: INTWF) announced a broad executive leadership transition approved by its Board of Directors, effective immediately. Founder Lynn Mueller will step away from day-to-day responsibilities, and the Board intends to finalize a consulting agreement with him focused on business development and strategic growth initiatives, subject to Board ratification.
The Board concluded the contractual relationship with Chief Financial Officer Hanspaul Pannu and appointed Chairman Fred Andriano as Interim Chief Financial Officer and Treasurer. Michael Albertson was appointed President, continuing to lead daily operations and emphasizing product innovation, commercial execution, partnerships and revenue growth. Director Shane Dungey was appointed Interim Chief Executive Officer and Executive Vice Chair, tasked with strengthening governance, operational execution and strategic priorities while the Board evaluates SHARC Energy’s long-term executive leadership structure.
SHARC Energy (OTCQB: INTWF) reported Q1 2026 revenue of $0.49M, down 51% from Q1 2025, with a net loss of $0.9M and Adjusted EBITDA loss of $0.74M. Gross margin was 31.5%.
Sales Order Backlog reached $6.9M, up 102% since December 1, 2025 and equal to 127% of 2025 revenue. Sales Pipeline stands at $19M, a 15% increase, for a combined $25.9M. The company secured about $5.1M in 2026 orders, launched its new MANTA system, won multiple district energy and government-affiliated projects, and closed a $2.5M unsecured convertible debenture financing.
SHARC Energy (OTCQB: INTWF) will participate in an investor webinar hosted by Adelaide Capital on May 20, 2026, at 10:00 a.m. PT / 1:00 p.m. ET.
President & CEO Michael Albertson and Chairman Fred Andriano will discuss recent developments, growth initiatives, market opportunities, and upcoming catalysts.
SHARC Energy (OTCQB: INTWF) received a purchase order from the National Laboratory of the Rockies to deploy its PIRANHA wastewater heat recovery system at the Naval Postgraduate School’s Hotel Del Monte in Monterey, California.
The PIRANHA HC unit is expected to deliver ~120,000 Btu/h, produce up to 100% of domestic hot water at 140°F year-round, and support integrated cooling and dehumidification. The program targets up to 60% energy cost savings for domestic hot water systems and includes Honeywell as a technology transition partner.
SHARC Energy (OTCQB: INTWF) filed audited results for YE 2025 showing revenue $3.04M, up 40% year-over-year, and a $6.9M sales order backlog anticipated to convert to revenue within ~12 months. YE 2025 net loss was $3.49M with Adjusted EBITDA loss $2.57M. The company reported $4.6M of purchase orders in 2026 and closed a $1.57M unsecured convertible debenture. Key patents granted in the US and Europe with multi-jurisdictional filings pending.
SHARC Energy (OTCQB: INTWF) secured a purchase order for its newly launched Back-Flush Only (BFO) system to be deployed at a Calgary wastewater treatment plant on March 4, 2026.
The BFO is a passive thermal energy transfer product optimized for cleaner, low-solids effluent streams and expands SHARC Energy’s addressable market into data centers, hydronic HVAC and district heating applications. Sales order backlog increased to $7.8 million, reflecting commercial momentum and broader product adoption.
SHARC Energy (OTCQB: INTWF) secured approximately $3.7 million in equipment orders, increasing its Sales Order Backlog by 109% since the prior disclosure and bringing total backlog to $7.1 million. Orders span district energy, a West Coast U.S. airport, and a Staten Island senior housing retrofit. The company says backlog typically converts to revenue in about a year, subject to project mix, and positions SHARC Energy’s Wastewater Energy Transfer technology for wider adoption across new end markets.
SHARC Energy (OTCQB: INTWF) announced on January 13, 2026 the appointments of Kevin Hydes and Shane Dungey to its Board of Directors. Hydes brings over two decades of sustainable building and systems engineering experience, is a LEED Fellow, founder of Integral Group, and has chaired major green building organizations. Dungey brings more than 20 years of global capital markets experience and prior public board service. Management says the additions strengthen governance and support SHARC Energy’s mission to scale Wastewater Energy Transfer technology across buildings, communities, and district energy systems.
SHARC Energy (OTCQB: INTWF) announced it has cancelled 2,363,854 incentive stock options effective December 31, 2025.
The cancellation is broken down as: 607,808 options expiring May 30, 2027 at $0.335, 1,520,000 options expiring April 27, 2028 at $0.27, 136,046 options expiring June 28, 2029 at $0.28, and 100,000 options expiring October 17, 2023 at $0.245.