Sharc Intl Sys Inc Stock Price, News & Analysis

SHARC International Systems Inc. has secured a purchase order for two PIRANHA systems for an affordable housing project in Boulder, Colorado, marking the second installation in the area. The company anticipates substantial growth in PIRANHA system sales, projecting 30 orders and $2.1M in revenue over the next year. This growth is driven by policies promoting energy efficiency and climate change initiatives, with an increasing focus on renewable energy technologies. SHARC Energy continues to innovate in energy recovery from wastewater, positioning itself as a leader in energy-efficient solutions.

SHARC Energy (OTCQB: INTWF) reports record financial results for Q3 and YTD 2021. Q3 revenue reached $1.42M, a 234% increase from Q3 2020, marking the highest quarter ever. YTD revenue was $1.72M, up 190% year-over-year. The company achieved its first cash flow positive quarter with Adjusted EBITDA of $0.02M, a 106% improvement. However, Q3 and YTD losses were $0.41M and $2.27M respectively, due to prior debt settlement gains. The current working capital stands at $2.67M, providing operational continuity for the next year.

On October 14, 2021, SHARC International Systems Inc. (OTCQB: INTWF) announced optimism regarding the Wastewater Energy Exchange industry in New York. The New York State Energy Research & Development Authority (NYSERDA) is funding 22 projects, with at least 13 focusing on feasibility studies for Wastewater Energy Exchange, indicating a growing acceptance and interest in this technology. CEO Lynn Mueller emphasized the significance of this funding as a positive indicator for the industry, highlighting their commitment to promoting sustainable energy solutions.

SHARC Energy (OTCQB: INTWF) congratulates CEO Lynn Mueller on receiving the Clean50 Lifetime Achievement Award for his contributions to wastewater energy exchange. This prestigious recognition honors individuals who significantly impact business and the environment. Mueller's innovations in low carbon heating and fresh water conservation are timely, particularly amidst rising global temperatures and drought in the Western U.S. His leadership has positioned SHARC Energy as a leader in wastewater energy recovery, advancing efforts against climate change.

SHARC International Systems Inc. (OTCQB: INTWF) announced the successful delivery of units for three major projects: National Western Center, Trico LivingWell, and 303 Battery. These installations represent the largest wastewater heat recovery project in North America and will contribute to significant CO₂ emission reductions. The systems are expected to provide 90% of the heating and cooling needs at National Western Center while eliminating over 2,600 metric tonnes of CO₂ emissions annually. SHARC Energy emphasizes the growing adoption of its technology across multiple sectors.

SHARC Energy has announced its PIRANHA T10 system will be implemented at the Global Education City’s King Edward project in Vancouver, B.C. The system will produce hot water while significantly reducing greenhouse gas emissions, estimating a decrease of 34 tonnes of CO₂ annually compared to traditional gas boilers. As carbon taxes rise, the PIRANHA T10 will help mitigate costs for the building and its tenants. The project aligns with local climate action initiatives aimed at zero-emission heating standards, and the unit is expected to ship in Q4 2021.

VANCOUVER, British Columbia, Sept. 02, 2021 – SHARC Energy (OTCQB: INTWF) announces that insiders purchased 1,010,000 shares, totaling $466,000, increasing insider ownership by 6%. Insiders now hold approximately 22% of shares outstanding. The company reports a 61% increase in Sales Pipeline and Order Backlog, amounting to $2.5M this year, promising new revenue milestones. Growth is driven by diverse prospective clients across various sectors, with installations expected soon. SHARC's technology garnered attention, including a visit from Congresswoman Marcy Kaptur, emphasizing its significant energy impact.

SHARC International Systems (OTCQB: INTWF) reported its Q2 and YTD financial results for 2021, highlighting a sales pipeline of $3.77M and a sales order backlog of $2.82M, up 47% since May 2021. Q2 2021 revenue was $0.11M, down from Q2 2020, but up for YTD at $0.3M. Losses increased, with a Q2 loss of $1.01M and a YTD loss of $1.86M, both higher than the previous year. The company raised $2.12M in capital markets and has $2.6M in working capital, sufficient for the next 12 months.

SHARC Energy (OTCQB: INTWF) has partnered with Musqueam Capital Corporation for the leləm̓ community development in Vancouver, utilizing a low-carbon wastewater energy system. This innovative project aims to significantly enhance energy efficiency and reduce carbon emissions for 1,200 residential units. By recycling thermal energy from wastewater, the development aligns with global sustainability goals, including the United Nations Environment Programme’s recommendations. The system is scheduled for delivery in Q1 2022, showcasing SHARC's commitment to environmental stewardship and energy innovation.