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 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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
SHARC International Systems Inc. (OTCQB: INTWF) announced positive business activity trends in a recent update. In 2022, the company conducted 68 project assessments, achieving over a 50% conversion rate, with 65 leads created in just the first two months of 2023. SHARC Energy anticipates continued growth in its Sales Pipeline and Sales Order Backlog, which increased by over 75% in 2022 compared to 2021. The firm also attended the IDEA conference, receiving favorable feedback on its Wastewater Energy Transfer (WET) technology. Insiders demonstrated confidence by investing $332,000 in shares, indicating strong belief in the company's mission and future growth.
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.