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Sharc International Sys Inc. Re (IWIA.SG)

Stuttgart - Stuttgart Delayed price. Currency in EUR
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0.2150+0.0140 (+6.97%)
At close: 6:55PM CET
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Previous close0.2010
Open0.1960
Bid0.2260 x 0
Ask0.2470 x 0
Day's range0.1960 - 0.2150
52-week range0.0272 - 0.2360
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Avg. volume189
Market capN/A
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Earnings dateN/A
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  • SHARC Energy Joins Canadian Trade Mission to Promote Its Wastewater Energy-Recovery Technology in Brazil
    GlobeNewswire

    SHARC Energy Joins Canadian Trade Mission to Promote Its Wastewater Energy-Recovery Technology in Brazil

    VANCOUVER, British Columbia, Nov. 26, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”) is participating in a virtual trade mission focused on selling its wastewater technology in Brazil’s public and private sectors. Hosted by Global Affairs Canada’s Trade Commissioner Service based out of the Consulate General of Canada in São Paulo, Brazil, the virtual trade mission commenced on November 16 and provided a briefing session for the Canadian delegation and a B2B matchmaking program with Brazilian companies and organizations in the public and private sector focused on water and wastewater treatment.The purpose of the trade mission is to connect Canadian companies with a target of 8 meetings with various businesses and organizations that cover expertise in engineering, wastewater and water infrastructure, manufacturer representation, manufacturing, market strategy and government initiatives. These meetings are intended to begin the foundation of strong relationships that will not only benefit the Company in the Brazilian market but potentially other markets as some of these businesses or organizations are multi-national.This program is a business development initiative of SHARC Energy that is not the focus of the sales team and manufacturer representative network. Their focus remains on the market penetration of the PIRANHA system in North America. This virtual trade mission is the beginning of a potential long-term market opportunity as Brazil continues to invest in water and wastewater infrastructure and energy efficiency over the next decade. Initial conversations have related to pilot projects, market strategy and synergies between organizations.The Company continues to engage with the Trade Commissioner Service of Global Affairs Canada and will continue to leverage these services and future opportunities and the support provided by the government in order to bring SHARC Energy technology and products to new global markets. Entering new markets with the Trade Commissioner Service allows SHARC Energy to develop new markets in a low cost and efficient manner while building visibility within the Government of Canada.“This is another element of SHARC Energy’s global commercialization strategy,” said Hanspaul Pannu, SHARC Energy’s Chief Financial Officer. “With its new focus on investing in clean technologies to improve its municipal water, wastewater and energy infrastructure, Brazil presents a major market for SHARC Energy’s wastewater energy recovery technology, which recovers the thermal energy from the water that goes down the drain, reducing the need for other energy sources to heat and cool buildings, in turn reducing GHG emissions.”Brazil is opening up to foreign wastewater technology companies to improve its wastewater infrastructure. “In July 2020, the Brazilian parliament approved a new legal framework for the sector that promises to change the game and revert the decade’s long gap in investment,” reports Switzerland Global Enterprise. “More than half of all wastewater of the country is not properly disposed of.”SHARC Energy’s wastewater energy recovery technology — which recovers the heat from wastewater that is sent down the drain — is already being used in Canada, the United States, Australia and the United Kingdom. Designed for both individual buildings and district energy systems, SHARC Energy’s technology is highly scalable and is being applied to both new and retrofitted projects.SHARC Energy also announced this week it was one of only nine companies selected for the five-month Canadian Technology Accelerator (CTA) program, which will focus on similar business opportunities in Southeast Asia through a series of virtual meetings with ASEAN business leaders in the clean-tech space.The Brazil Trade mission is being hosted by Global Affairs Canada’s Trade Commissioner Service, led by the Cleantech Trade Commissioner based out of the Consulate General of Canada in São Paulo, Brazil, in partnership with Ontario’s Ministry of Economic Development, Job Creation and Trade, the Quebec Office in São Paulo, Investissement Quebec International and the Chamber of Commerce Brazil-Canada (CCBC). Brazil’s Ministry of Environment is among the public entities participating in the B2B matchmaking program.Brazilian companies that are engaged in the trade mission include but are not limited to Engemon, Armstrong Fluid Technology, the largest state-run water and sanitation company, Sabesp, the largest private water and sanitation company, Brookfield-owned BRK Ambiental, and RRS Serviços.About SHARC Energy SHARC International Systems Inc. is a world leader in wastewater energy recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling and hot water production for commercial, residential and industrial buildings, reducing their energy costs and carbon footprint. SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).Further information about the Company is available on our website at www.SHARCenergy.com or SEDAR at www.sedar.com.ON BEHALF OF THE BOARD “Lynn Mueller” Chairman and Chief Executive OfficerFor investor inquiries, please contact: Jason Shepherd Investor Relations SHARC Energy Telephone: (250) 212-2122 Email: jason.shepherd@sharcenergy.comFor media inquiries, please contact: Mike Tanyi         Director of Marketing and IT  SHARC Energy Telephone: (250) 212-2122  Email: mike.tanyi@sharcenergy.com  The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

  • Canadian Government’s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally
    GlobeNewswire

    Canadian Government’s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally

    CTA Cleantech Southeast Asia 2020 Cohort Nine Canadian companies with innovative technologies in the cleantech and smart cities sectorsbegan a five-month Canadian Technology Accelerator (CTA) program this week to explorebusiness opportunities in Southeast Asia.VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”) has been selected to be part of a Canadian government Clean Tech Accelerator program that will market Canada’s leading clean-technology companies to global markets. Only nine Canadian companies were selected for a five-month Canadian Technology Accelerator (“CTA”) program, which will focus on business opportunities in Southeast Asia through a series of virtual meetings.Led by the Canadian Trade Office in Singapore, the CTA program allows chosen companies to access potential investments, pilot projects, partnerships and long-term sales in Singapore, Vietnam, Malaysia, and the Philippines, four of the ten Association of Southeast Asian Nations (“ASEAN”) countries.According to a report published by the International Energy Agency (“IEA”), the ASEAN region is one of the world's hottest areas, which caused a demand growth for space cooling of 7.5 times over the last 30 years. The temperature in this region keeps rising, as well as household income, leading to an increase in energy consumption and peak electricity demand. By 2040, cooling will account for 30% of peak electricity demand in ASEAN countries, and an additional 200 GW energy capacity will be required to meet the growing energy demand from ACs. These market trends support the adoption of high-efficient cooling technologies, making SHARC Systems a good fit. Our SHARC Systems can provide a super-efficient and climate-friendly district cooling solution through wastewater thermal energy exchange, and a process called heat rejection, as well as district heating and hot water production.“We are honoured to have been chosen by the Canadian Technology Accelerator to bring our technology to global markets,” said Hanspaul Pannu, SHARC Energy’s CFO. “By recovering or rejecting the thermal energy from the wastewater we send down the drain every day, our made-in-Canada technology will have a significant role in reducing a building’s energy costs and its carbon footprint.”SHARC Energy’s wastewater energy recovery technology — which exchanges the thermal energy from wastewater that is sent down the drain and turns it into heating and cooling — is already being used in Canada, the United States, Australia and the United Kingdom. Designed for both individual buildings and district energy systems, SHARC Energy’s technology is highly scalable and is being applied to both new and retrofitted buildings. “The nine companies taking part in the Southeast Asia program clearly demonstrate Canada’s leadership position in the cleantech sectors,” said Tegan Watson, Trade Commissioner, Canadian Technology Accelerator, Singapore. “It’s an exciting time to showcase Canadian innovation and know-how.”Since 2013, the CTA program has supported the international scale-up of high-growth, high-potential Canadian firms in the sectors of cleantech, as well as life sciences and digital and information communication technologies. To date the CTA program has had 574 participants, collectively garnering $646 million in capital, $238 million in revenue and created 1,128 strategic partnerships and 2,529 new jobs.“We’re seeing significant growth in the Southeast Asian cleantech sector and that includes growth in demand for circular economy and energy efficiency technologies,” said Lynn McDonald, Canadian High Commissioner in Singapore. “There’s a great opportunity for Canadian innovation to address some of the region’s most pressing environmental issues.”The CTA program has also partnered with industry-leading organizations at the forefront of cleantech innovation. The nine companies in this year’s program will benefit from the expertise of New Energy Nexus, SecondMuse and the EcoLabs Centre of Innovation for Energy. New Energy Nexus is an international non-profit that supports clean energy entrepreneurs with funds, accelerators, and networks. SecondMuse is an impact and innovation company that builds resilient economies by supporting entrepreneurs and the ecosystems around them. The EcoLabs Centre of Innovation for Energy is designed to build and accelerate deep-tech energy innovation capabilities in Singapore to support the nation’s energy transition.About SHARC International Systems SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings, reducing their carbon footprint. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).Further information about the Company is available on our website at www.SHARCenergy.com or SEDAR at www.sedar.com.ON BEHALF OF THE BOARD “Lynn Mueller” Chairman and Chief Executive OfficerFor investor inquiries, please contact: Jason Shepherd Investor Relations SHARC International Systems Inc. Telephone: (250) 212-2122 Email: jason.shepherd@sharcenergy.comFor media inquiries, please contact Mike Tanyi Director of Marketing and IT  SHARC International Systems Inc.  Telephone: (250) 212-2122  Email: mike.tanyi@sharcenergy.comThe Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87efcf37-a84a-4b02-8720-740680631c09

  • SHARC Energy Supports King County and Seattle Pioneering Wastewater Energy Recovery
    GlobeNewswire

    SHARC Energy Supports King County and Seattle Pioneering Wastewater Energy Recovery

    Sewer Heat Recovery: How It Works Sewer Heat Recovery: A King County Renewable Clean Energy Resource * King County opens public sewer system to private-sector wastewater-energy-recovery projectsVANCOUVER, British Columbia, Nov. 19, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”) is pleased to announce plans are proceeding to apply its wastewater energy recovery technology to the King County sewer system, the 12th most populous county in the US, which includes the city of Seattle.SHARC Energy participated in the opportunity that King County provided for public consultation with regards to the development of the template contract that could be used for agreements with private parties (users) for sewer heat recovery. On September 15, King County Council unanimously approved legislation allowing three wastewater heat recovery projects.“This is one of the most ambitious wastewater recovery initiatives in North America and we are delighted to see King County take a leadership role in recovering the energy that goes down the drain every minute of every day in buildings across the United States and around the world,” said SHARC Energy CEO Lynn Mueller.“SHARC Energy’s wastewater recovery systems, now successfully operating in Canada — the United States, Australia and the United Kingdom — reduce the use of fossil fuels for heating and cooling, and that means energy savings and dramatic reductions in GHG emissions to help residents, property owners and government’s meet vital decarbonization targets.”The approved program proposes up to three pilot projects in King County, including Seattle, which will operate without paying the energy transfer fee for three years in exchange for sharing data with King County Water Treatment Division (“King County WTD”), which provides wastewater treatment services to 17 cities, 17 local sewer districts and more than 1.8 million residents across a 420-square-mile area in King, Snohomish and Pierce counties, including Seattle.SHARC Energy’s system has been accepted by a US national developer which has a Seattle project that is potentially one of the pilot King County wastewater recovery projects. Details of the application involving SHARC Energy are being withheld for commercial reasons. Final development applications for one or potentially more of the pilot project proposals closes December 18, 2020.This initiative highlights one of two opportunities for “Smart Cities”, municipalities, wastewater authorities and other owners of city wastewater and sewer infrastructure to monetize a previously forgotten resource and cost center while helping achieve the goals of government climate action plans.“Our new Sewer Heat Recovery program is a great opportunity for us to partner with King County commercial property owners,” Mark Isaacson, WTD Director, said in a Nov. 5th statement. “This technology will lower a connected building’s carbon emissions, and help owners decrease their environmental footprint. Sewer heat recovery can also help owners and developers meet more stringent energy codes and give them a chance to leverage occupancy strategies that could attract tenants, buyers, and potential investors.” King County WTD is showcasing the ability to sell the wastewater flowing within their current sewer infrastructure through transfer fee agreements with the private sector. In Vancouver, the City of Vancouver Neighbourhood Energy Utility (“NEU”) is powered by a sewer heat recovery district energy system, utilizing two SHARC 880 systems for superior wastewater filtration, to sell 3 megawatts (MW) of heating and cooling to 5,750,000 square feet of residential, commercial and institutional floor area and has approval for a Federal and Provincial government subsidized 5-MW expansion to heat over 20,000,000 square feet of the city slated to begin in 2021. This expansion represents one of two sewer heat recovery district energy projects within the Greater Vancouver area being funded by the Federal and Provincial government. King County is now at the forefront of wastewater heat recovery. They are now the first county or municipality in Washington State and the first in North America to establish a clear framework for private-sector partners to tap into the wastewater sewer system, a previously unutilized publicly-owned renewable energy resource.The King County Strategic Plan has also set out an aggressive Healthy Environment plan to reduce countywide greenhouse gas emissions by 50 percent by 2030. The proposed legislation also furthers its Strategic Climate Action Plan goal of reducing countywide sources of greenhouse gas emissions by supporting development of renewable energy resources.About SHARC International Systems SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).Further information about the Company is available on our website at www.SHARCenergy.com or SEDAR at www.sedar.com.ON BEHALF OF THE BOARD “Lynn Mueller” Chairman and Chief Executive OfficerFor investor inquiries, please contact: Jason Shepherd Investor Relations SHARC International Systems Inc. Telephone: (250) 212-2122 Email: jason.shepherd@sharcenergy.comFor media inquiries, please contact Mike Tanyi         Director of Marketing and IT  SHARC International Systems Inc.  Telephone: (250) 212-2122  Email: mike.tanyi@sharcenergy.com  The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsCertain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.A video accompanying this announcement is available at  https://www.globenewswire.com/NewsRoom/AttachmentNg/5826f829-bcf9-4b2b-bc65-1477ddfe2889A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a9f3f98-0530-4fd7-bbc8-7128aa576e83