Welcome to our dedicated page for Sharc Intl Sys news (Ticker: INTWF), a resource for investors and traders seeking the latest updates and insights on Sharc Intl Sys stock.
Sharc Intl Sys Inc (INTWF) delivers innovative energy management solutions through advanced HVAC integration and utility service technologies. This news hub provides investors and industry professionals with essential updates on the company's technical advancements and market position.
Access timely press releases covering operational milestones, including systems integration breakthroughs, strategic utility partnerships, and energy efficiency innovations. Our curated collection serves as your primary resource for understanding INTWF's engineering developments and industry impact.
Key updates include technology licensing announcements, HVAC solution enhancements, and operational performance metrics. The content maintains focus on factual reporting of engineering achievements and verified partnership developments within the energy sector.
Bookmark this page for direct access to original press materials and objective reporting on INTWF's progress in sustainable energy systems. Regular updates ensure you stay informed about the company's technical roadmap and industry collaborations.
SHARC International Systems Inc. (OTCQB: INTWF) announced a corporate update on February 17, 2023. The company fully converted $1.38 million in convertible debt and $1.35 million in warrants, boosting working capital. SHARC Energy is expanding the False Creek Neighbourhood Energy Utility project, increasing capacity to 9.8 MW, aiming for a reduction of 4,400 tonnes of carbon emissions annually. A new patent has been filed under the Patent Cooperation Treaty for the SHARC system design. Additionally, two PIRANHA T15 units were shipped to HTS Ontario, marking progress in their growing pipeline.
SHARC International Systems (OTCQB: INTWF) has announced the commencement of a $1.2 billion affordable housing redevelopment project in Brooklyn, New York. The first phase involves a $373 million investment to create 576 affordable homes, a 15,000-square-foot medical clinic, and retail space. Utilizing the SHARC and PIRANHA WET Systems, the project aims to incorporate sustainable energy solutions, including geothermal heating and a solar array. The development, known as Alafia, will ultimately provide over 2,400 affordable housing units, promoting community resilience and environmental goals.
SHARC International Systems has signed a Supply and Maintenance Agreement with the City of Vancouver for five SHARC systems aimed at expanding the False Creek Neighbourhood Energy Utility (NEU). This expansion will increase the wastewater energy transfer (WET) capacity from 3.2MW to 9.8MW, making it North America's largest WET project. Expected carbon emission reductions are around 4,400 tonnes annually, with completion anticipated in 2023. This project supports Vancouver's goal of 100% renewable energy by 2030.
SHARC Energy (OTCQB: INTWF) reported its Q3 2022 financial results with total revenue of $0.08M, down from $1.42M in Q3 2021. Year-to-date revenues dropped to $1.13M from $1.72M in the previous year. The company reported a Q3 adjusted EBITDA loss of $0.69M, contributing to a year-to-date loss of $3.54M. Despite these challenges, SHARC Energy noted a 16% growth in its Sales Order Backlog, now at $0.8M, and a 5% increase in its Design Pipeline to $11.06M. The management remains optimistic about future growth driven by new regulatory support and expanding project opportunities.
SHARC Energy (CSE: SHRC, OTCQB: INTWF) has announced the installation of its PIRANHA T15 WET system at Aura's 21 slope-side residences, which will operate entirely on renewable energy. The system captures thermal energy from wastewater, significantly reducing greenhouse gas emissions while providing energy savings. This marks the fourth SHARC installation in Colorado, aligning with the state's goal to cut carbon emissions by 90% from buildings by 2050. With nearly 30 systems installed globally, SHARC is poised to enhance its market presence in sustainable energy solutions.
SHARC Energy has partnered with Egg Geo to introduce the world's first combined wastewater energy transfer (WET) and geothermal system. This innovative project in the Bronx aims to supply 100% heating, hot water, and cooling for 316 affordable housing units in two 20-story towers. By utilizing thermal energy from the ground and wastewater, the approach significantly reduces upfront costs and makes geothermal energy viable in urban settings. The initiative aligns with the NYSERDA Empire Building Challenge, focusing on energy efficiency and decarbonization.
SHARC International Systems Inc. (OTCQB: INTWF) has released its financial results for Q2 2022, reporting a revenue of $0.17M, up 56% from Q2 2021. The year-to-date revenue reached $1.05M, a 254% increase. The company’s sales pipeline grew by 27% to $9.8M. However, Adjusted EBITDA loss rose to $0.83M in Q2, a 43% increase. Overall loss for Q2 was $1.24M. SHARC Energy highlights strategic partnerships and projects aimed at accelerating growth in the Wastewater Energy Transfer industry.
SHARC International Systems has announced a partnership with Salas O’Brien, a leading engineering firm, to enhance the reach of its wastewater-energy transfer systems (WET Systems) across North America. This collaboration aims to deliver turnkey solutions focused on carbon reduction and energy efficiency.
The agreement includes issuing 5 million warrants for shares at $0.40 each, fostering significant pipeline growth for SHARC Energy’s innovative technologies in various sectors, including healthcare and education.
SHARC International Systems has been selected by HTS Ontario to supply two PIRANHA T15 Wastewater Energy Transfer systems for a new housing complex in Ottawa. This marks the second installation in the city and aims to recover thermal energy from wastewater, contributing to sustainability efforts. The systems are expected to ship in Q4 2022. Additionally, both companies anticipate further growth in the Ontario market, supported by policies favoring Wastewater Energy Transfer products. The PIRANHA WET system boasts an average efficiency of 400% in energy recovery.
SHARC International Systems (OTCQB: INTWF) supports Washington's initiative mandating electric heating and cooling in new buildings starting 2023. This legislation aims to curb greenhouse gas emissions by eliminating natural gas use, potentially reducing 8.1 million tons of CO2 by 2050. SHARC's PIRANHA Wastewater Energy Transfer system is integral to these efforts, promoting sustainability with an efficiency of 400%. With several installations planned across the state, the company positions itself as a leader in the electrification movement, addressing climate change effectively.