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Sharc International Sys Inc. Re (IWIA.SG)

Stuttgart - Stuttgart Delayed price. Currency in EUR
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  • SHARC Energy to Ship Two Piranha T15’s for Seniors’ Living Development
    GlobeNewswire

    SHARC Energy to Ship Two Piranha T15’s for Seniors’ Living Development

    VANCOUVER, British Columbia, June 09, 2021 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) has received a purchase order for two PIRANHA T15’s that will be installed in each of the two thoughtfully-planned residences at Trico LivingWell in Kingsland by Trico Living Well Inc, a subsidiary of Trico Group of companies.. The PIRANHA T15 is a self-contained wastewater heat pump system that has a proven track record of reduc

  • SHARC Energy Announces First Quarter 2021 Financial Results
    GlobeNewswire

    SHARC Energy Announces First Quarter 2021 Financial Results

    VANCOUVER, British Columbia, May 28, 2021 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) announces it has filed its financial results for the first quarter ended March 31, 2021. For complete financial information for the first quarter ended March 31, 2021, please see the Interim Financial Statements and Management Discussion and Analysis (“MD&A”) filed on SEDAR at www.sedar.com. All figures are in Canadian Dollars unless otherwise stated and in accordance with IFRS. First Quarter Highlights: Revenue for the three months ended March 31, 2021 (“Q1 2021”) was $0.19M representing an increase of $0.14M from the three months ended March 31, 2020 (“Q1 2020”). Loss for Q1 2021 is $0.85M compared to $0.87M for Q1 2020, a decrease of $0.02M. Adjusted EBITDA1 Loss of $0.51M in Q1 2021 compared to $0.47M in Q1 2021, an increase of $0.04M. As of May 28, 2021, the Company has Sales Pipeline2 of $3.31M and Sales Order Backlog3 of $1.21M. The Company has $4.2M of working capital as of March 31, 2021. Management anticipates it has sufficient working capital to maintain its activities for the subsequent 12 months. Q1 2021 Highlights and Subsequent Events $1.86 Million (M) raised through capital markets and security exercises. Since the beginning of 2021 to the date of the MD&A, the Company raised $0.45M (gross) through non-brokered equity and equity unit private placements, $1.30M through the exercise of stock options and warrants and 0.11M through the exercise of debenture warrants.WashOut Laundry Retrofit. The Company completed a retrofit installation of a PIRANHA T15 into WashOut Laundry, representing the first PIRANHA retrofit approved under the FortisBC Custom Performance Program. WashOut is projected to save over 2,100 gigajoules per year of natural gas, saving 105 tonnes of greenhouse gas emissions annually. National Western Center. The National Western Center is pioneering the largest scale wastewater district-energy innovation in North America to date. The National Western Center will rely on two SHARC™ wastewater recovery systems placed in the heart of its 3.8-megawatt (MW) district energy system, creating a low-carbon campus that is sustainable and regenerative. The first phase of development is expected to recover the thermal energy from 3,000 gallons of wastewater that would otherwise be wasted and go down the drain every minute which will prevent 2,600 metric tons of carbon dioxide from being emitted into the atmosphere.Congresswoman Marcy Kaptur visit to DC Water. U.S. House Representative Marcy Kaptur, Chairwoman of the House Appropriations Subcommittee on Energy and Water Development, toured the U.S. capital’s DC Water Headquarters (“DC Water HQ”) on March 9, 2021. “I have never seen a technology that could have as positive of an impact on energy as what I have seen at the DC Water HQ,” said Congresswoman Kaptur after her visit.Conversion of Convertible Debt Face Value of $1.06M. During Q1 2021 and subsequently to date, the Company has converted $1.06M of convertible debt. About SHARC Energy SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings. SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile. Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA ON BEHALF OF THE BOARD Lynn MuellerChairman and Chief Executive Officer For investor inquiries, please contact:For media inquiries, please contact:Hanspaul PannuMike TanyiChief Financial OfficerDirector of Marketing and ITSHARC EnergySHARC EnergyTelephone: (604) 475-7710 ext. 4Telephone: (604) 475-7710 ext.109Email: hanspaul.pannu@sharcenergy.comEmail: mike.tanyi@sharcenergy.com The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using 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 because of new information, future events or otherwise, except as required by applicable securities legislation. 1 Adjusted EBITDA is a Non-IFRS measure. Please see discussion and reconciliation of Alternative Performance Measures and Non-IFRS measures in the Q1 2021 MD&A.2 Sales Pipeline is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2021 MD&A.3 Sales Order Backlog is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q1 2021 MD&A.

  • SHARC Energy Announces Fourth Quarter and Fiscal Year 2020 Financial Results
    GlobeNewswire

    SHARC Energy Announces Fourth Quarter and Fiscal Year 2020 Financial Results

    VANCOUVER, British Columbia, April 29, 2021 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) announces it has filed its financial results for the fourth quarter and fiscal year ended December 31, 2020. For complete financial information for the fourth quarter and fiscal year ended December 31, 2020, please see the Audited Consolidated Financial Statements and Management Discussion and Analysis filed on SEDAR at www.sedar.com. All figures are in Canadian Dollars unless otherwise stated and in accordance with IFRS. Fourth Quarter and Fiscal Year Highlights: Revenue for the three months ended December 31, 2020 (“Q4 2020”) and year ended December 31, 2020 (“Fiscal 2020”) was $0.04M and $0.63M, respectively, representing an increase of $0.02M and $0.49M from the three months ended December 31, 2019 (“Q4 2019”) and year ended December 31, 2020 (“Fiscal 2019”). Loss from continuing operations for Q4 2020 is $0.95M compared to $0.62M for Q4 2019, an increase of $0.33M. Loss from continuing operations for Fiscal 2020 is $2.89M compared to $3.29M for YTD 2019, a decrease of $0.4M.Adjusted EBITDA1 Loss of $0.55M in Q4 2020 compared to $0.58M in Q4 2019, a decrease of $0.03M and $1.86M in Fiscal 2020 compared to $2.23M in Fiscal 2019, a decrease of 0.37M. As of April 29, 2021, the Company has Sales Pipeline2 of $2.76M and Sales Order Backlog3 of $1.24M. The Company has $3.3M of working capital as of December 31, 2020. Fiscal 2020 Highlights and Subsequent Events $11.13 Million (M) raised through capital markets and security exercises. Since the beginning of 2020 to current day, the Company raised $4.74M (gross) through the issuance of 2% convertible debt, $4.1M through non-brokered equity and equity unit private placements and $2.29M through the exercise of stock options and warrants.Convertible Debt Settlement. On May 29, 2020, the Company settled with all holders (“Debenture holders”) of the Company’s $1.3M and $1M 12% unsecured, convertible debentures which were set to mature on May 30, 2020 and June 29, 2020 (the “Maturing Debentures”). This resulted in a gain on debt settlement of $0.59M.Significant Growth of Representative Network. The Company revamped its distribution network for SHARC Energy products in 2020 by adding 10 manufacturer representatives (“Representative” or “Rep”) that provide the Company sales coverage across most Canadian provinces and American states. As at December 31, 2020, 75% of deals in our pipeline will be fulfilled through these Representatives.Successful Incubatenergy Labs Challenge. On October 14th, 2020, utilities, municipalities and private sector investors in the United States were shown results achieved during a three-month demonstration of the PIRANHA HC at the Electrical Power Research Institute (“EPRI”) sponsored Incubatenergy Labs and Ameren Accelerator Demo Day. Key results of the demonstration included: 61 per cent energy savings reported by building management.99 per cent GHG reduction from gas boiler use.Production of 100% of the hot water at 140°F, completely offsetting the use of gas boilers.An average Co-efficiency of Performance (“COP”) for hot-water production of over 3.5 over the project term and peak COP of over 5. National Western Center. The National Western Center is pioneering the largest scale wastewater district-energy innovation in North America to date. The National Western Center will rely on two SHARC™ wastewater recovery systems placed in the heart of its 3.8-megawatt (MW) district energy system, creating a low-carbon campus that is sustainable and regenerative. The first phase of development is expected to recover the thermal energy from 3,000 gallons of wastewater that would otherwise be wasted and go down the drain every minute which will prevent 2,600 metric tons of carbon dioxide from being emitted into the atmosphere.Congresswoman Marcy Kaptur visit to DC Water. U.S. House Representative Marcy Kaptur, Chairwoman of the House Appropriations Subcommittee on Energy and Water Development, toured the U.S. capital’s DC Water Headquarters (“DC Water HQ”) on March 9, 2021. “I have never seen a technology that could have as positive of an impact on energy as what I have seen at the DC Water HQ,” said Congresswoman Kaptur after her visit.Conversion of Convertible Debt Face Value of $2.21M. During Fiscal 2020 and subsequently to date, the Company has converted $2.21M of convertible debt. “The Company has made significant progress in strengthening its balance sheet and positioning SHARC Energy for the market growth anticipated by climate action policy and regulation,” says Hanspaul Pannu, Chief Financial Officer of SHARC Energy, “We entered 2021 with $3.3M of working capital, providing enough capital for the Company to focus and invest in growing its Sales Pipeline while continuing to advocate for the opportunities wastewater presents for low carbon and energy efficient heating and cooling.” About SHARC Energy SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings. SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile. Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA ON BEHALF OF THE BOARD Lynn MuellerChairman and Chief Executive Officer For investor inquiries, please contact:For media inquiries, please contact:Hanspaul PannuMike TanyiChief Financial OfficerDirector of Marketing and ITSHARC EnergySHARC EnergyTelephone: (604) 475-7710 ext. 4Telephone: (604) 475-7710 ext.109Email: hanspaul.pannu@sharcenergy.comEmail: mike.tanyi@sharcenergy.com The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using 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 because of new information, future events or otherwise, except as required by applicable securities legislation. 1 Adjusted EBITDA is a Non-IFRS measure. Please see discussion and reconciliation of Alternative Performance Measures and Non-IFRS measures in the Fiscal 2020 Management Discussion and Analysis (“MD&A”).2 Sales Pipeline is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Fiscal 2020 MD&A.3 Sales Order Backlog is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Fiscal 2020 MD&A.