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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 announced its 2023 year-end financial results, with a Sales Pipeline of 16.9M and Sales Order Backlog of $3.1M, showing significant growth. The company reported revenues of $1.6M for YE 2023, with an improved gross margin of 43%. Despite challenges like fluctuating interest rates, SHARC Energy remains optimistic about future revenue growth.
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