Sharc Intl Sys Inc Stock Price, News & Analysis

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.

SHARC International Systems (OTCQB: INTWF) announced its PIRANHA and PIRANHA HC T5, T10, and T15 Wastewater Energy Transfer (WET) systems have been selected by Sustainable Living Innovations (SLI) for six new projects in Seattle. SLI's projects focus on carbon-neutral residential buildings, with SHARC's technology enhancing efficiency and reducing costs. The PIRANHA system achieves 400% efficiency in hot water production by recycling thermal energy. A purchase order has been made for a PIRANHA T5 HC system for SLI's Seattle project, with additional projects in the design phase expected in 2023.

SHARC International Systems Inc. (OTCQB: INTWF) reported Q1 2022 financial results, showing a significant revenue increase of 365% to $0.88M compared to Q1 2021. The company reported a sales pipeline of $7.5M, up 25%, and a sales order backlog of $0.84M, indicating 50% growth. Adjusted EBITDA loss was $0.52M, a 2% rise from the previous year, with total losses of $0.84M, slightly down from last year. Working capital stood at $1.68M, sufficient for at least 12 months. The company continues to expand its footprint in the cleantech sector.

SHARC Energy has secured a purchase order from California/Columbia Hydronics Corporation to install the first Wastewater Energy Transfer (WET) system in the Pacific Northwest, specifically in Seattle. This installation is part of an initiative utilizing the King County Wastewater Heat Recovery Pilot Project, which waives WET fees for three years in exchange for operational data.
The WET system serves as an eco-friendly heating and cooling solution, promoting energy recovery from wastewater.

SHARC International Systems Inc. (OTCQB: INTWF) reported significant revenue growth in its fourth quarter and fiscal year ended December 31, 2021. Q4 2021 revenue reached $0.98M, a remarkable 2564% increase year-over-year. For YE 2021, revenue totaled $2.70M, marking a 328% increase from the previous year. However, the company experienced an Adjusted EBITDA loss of $0.40M in Q4 and $1.46M for the year. As of April 18, 2022, it holds a sales pipeline of $6.02M but faces a 62% decrease in sales order backlog. Working capital stands at $3.35M, promoting a positive outlook for continued operations.

SHARC International Systems Inc. (OTCQB: INTWF) announced a non-binding MOU with Carry the Kettle Nakoda Nation and Saskatchewan Renewable Energy Solutions to develop a renewable energy project in Saskatchewan. This initiative aims to utilize solar energy and SHARC's Wastewater Energy Transfer (WET) systems, significantly reducing carbon emissions by decreasing propane usage. The project seeks to foster local and Indigenous business involvement, ensuring a positive environmental and economic impact for the community.