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Sharc International Sys Inc. Re (IWIA.SG)

Stuttgart - Stuttgart Delayed price. Currency in EUR
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0.3360-0.0460 (-12.04%)
At close: 6:35PM CET
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Previous close0.3820
Open0.3670
Bid0.3350 x 0
Ask0.3530 x 0
Day's range0.3360 - 0.3670
52-week range0.0476 - 0.4300
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Avg. volume1,299
Market capN/A
Beta (5Y monthly)N/A
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  • International Journal of Energy Management Publishes Dramatic GHG and Energy Reduction Results From SHARC Energy’s PIRANHA System
    GlobeNewswire

    International Journal of Energy Management Publishes Dramatic GHG and Energy Reduction Results From SHARC Energy’s PIRANHA System

    VANCOUVER, British Columbia, Feb. 16, 2021 (GLOBE NEWSWIRE) -- The International Journal of Energy Management, an official publication of the Association of Energy Engineers (“AEE”), has published the results of SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) recent success in dramatically eliminating GHG emissions by capturing the energy from wastewater that buildings normally flush down the drain and waste. The journal, read by leaders globally in energy management, highlights the Incubatenergy Labs Challenge Demo results of a PIRANHA HC wastewater heat recovery system that was placed in a 60-unit residential building in 2020 in North Vancouver, Canada. The Electrical Power Research Institute (“EPRI”), Ameren Corporation, ConEdison, Tennessee Valley Authority and Southern California Edison collaborated with SHARC Energy on the project and independently assessed the findings and key results. “There was almost 100% reduction in GHG emissions,” the journal-published article concludes. “The PIRANHA system enabled 60% savings in energy cost compared to the gas boiler…” The conclusion: “The study results suggest that PIRANHA T10 HC should be part of future integrated strategic plans to reduce carbon emissions in all cities.” The paper also states that PIRANHA easily met — and surpassed — the building’s hot-water and cooling demands while saving approximately $10,000 CDN in natural gas costs: “The system ran from 10 to 14 hours every day and could produce 100% of the hot water demanded by the building.” Lynn Mueller, SHARC Energy’s CEO, and one of the paper’s authors, said the opportunity for a global network of energy engineers to read and assess the GHG and energy reductions from SHARC Energy’s unique wastewater energy technology represents a major achievement. “We reduced GHG emissions in this one building by almost 100 per cent, and saved energy costs just by tapping into the wastewater we normally send down the drain,” said Mueller. “Our technology shows similar results in other buildings and district energy systems.” He added: “Wastewater is a forgotten resource we have been wasting for too long. Publication of this paper proves without doubt that SHARC Energy has an affordable and practical system that can easily capture wastewater thermal energy — and help us combat climate change by reducing the use of fossil fuels for heating and cooling in buildings.” SHARC Energy’s wastewater energy recovery systems are designed for global use. They are already operating or being installed in buildings, businesses and district energy systems in Denver, Seattle, Boulder, CO, Australia, the United Kingdom, as well as the Canadians cities of Vancouver, Richmond, Ottawa and Lake Louise, Alberta. The PIRANHA is designed for use in new or retrofit projects in small-to-large commercial, institutional, multi-unit residential or light-industrial buildings and facilities. The SHARC system is for district energy projects and mid-to-large industrial buildings and facilities. Download SHARC’s paper published in the AEE Journal 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: Website | Investor Page | LinkedIn | YouTube | PIRANHA ON BEHALF OF THE BOARD Lynn MuellerChairman and Chief Executive Officer For investor inquiries, please contact:Hanspaul PannuChief Financial OfficerSHARC EnergyTelephone: (604) 475-7710 ext. 4Email: hanspaul.pannu@sharcenergy.com For media inquiries, please contact:Mike TanyiDirector of Marketing and IT SHARC EnergyTelephone: (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 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. A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ff66684-fba0-433d-9b39-a1d9ad244cb9

  • SHARC Energy Showcases Wastewater Heat Recovery Retrofit to a Leading West Coast Laundry Service
    GlobeNewswire

    SHARC Energy Showcases Wastewater Heat Recovery Retrofit to a Leading West Coast Laundry Service

    WashOut Laundry will eliminate more than 100 tonnes of GHG emissions annually with FortisBC supportVANCOUVER, British Columbia, Feb. 08, 2021 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is pleased to announce that WashOut Laundry (“WashOut”), one of Canada’s most eco-conscious laundry services, has signed a Capital Incentive Funding Program Approval Letter with FortisBC Inc. and FortisBC Energy Inc. (collectively, “FortisBC”) to install a PIRANHA retrofit to recover energy from wastewater. The agreement is significant because WashOut is Vancouver’s pioneering, eco-friendly laundry service, setting the standard for best practices in its sector. WashOut will be implementing a PIRANHA T15 into its current laundry facility located on Annacis Island. This marks the first PIRANHA retrofit to be approved under the FortisBC Custom Performance Program (“FortisBC Rebate”). By implementing the PIRANHA system to capture the heat from wastewater that would normally go down the drain and into the sewer system, WashOut is projected to save over 2,100 gigajoules per year of natural gas, saving 105 tonnes of greenhouse gas emissions annually. “WashOut couldn’t be more excited to be a business leader taking the initiative to reduce our carbon footprint as the first laundry in Vancouver to install a PIRANHA system, significantly reducing our GHG emissions and saving on energy costs,” said Mike Freides, founder of WashOut in Vancouver. “SHARC Energy and FortisBC made it easy to take this step for the climate.” WashOut represents another strategic commercialization agreement for SHARC Energy to demonstrate that the PIRANHA can be put into new and existing buildings and businesses, of almost any size, creating energy savings and reducing GHGs emissions. PIRANHA units are now in operation or scheduled to be installed in Canada in Burnaby, Vancouver, Lake Louise and Ottawa and internationally in Boulder, Colorado, Seattle, Washington, and Canberra and Sydney, Australia. SHARC Energy is a strong supporter of the FortisBC Rebate which significantly reduces the cost associated with retrofit projects in medium- to large-commercial, institutional, multi-unit residential or light-industrial buildings and facilities. “The FortisBC Rebate provides climate-change conscious owners with incentives to mitigate escalating carbon taxes,” said Lynn Mueller, President and CEO of SHARC Energy. “SHARC Energy and FortisBC invite other businesses, from all sectors, to take part in the rebate program and help them transition to energy-efficient, low-carbon heating and cooling with the PIRANHA.” For a limited time until March 31, 2021, the FortisBC Rebate will provide additional funding of up to 100% of the energy-study costs, allowing business and building owners full cost coverage when determining whether a PIRANHA retrofit is right for them. Washout has 18 months from the date of the Capital Incentive Funding Program Approval letter to complete the install. Implementation of the PIRANHA retrofit is anticipated to complete March 2021. SHARC Energy’s Sales Order Backlog1 is $1.44M. _________________________________1 Sales Order Backlog is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q3 2020 MD&A filed on SEDAR (www.sedar.com). About WashOut WashOut Laundry is a leader in eco-friendly laundry services, supporting consumers and businesses. Its Vancouver-app based laundry service that, through web or mobile, allows customers to schedule pick-up and delivery of laundry that will be washed with the highest quality, natural and biodegradable detergents – with even a vegan soap option, and expertly folded and returned to you within 24 hours. Further information about WashOut Laundry is available on their website at www.washout.ca. 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 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 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 under our profile on SEDAR at www.sedar.com. ON BEHALF OF THE BOARD “Lynn Mueller”Chairman and Chief Executive Officer For investor inquiries, please contact:Hanspaul PannuChief Financial OfficerSHARC EnergyTelephone: (604) 475-7710 ext. 4Email: hanspaul.pannu@sharcenergy.com For media inquiries, please contact:Mike Tanyi Director of Marketing and IT SHARC EnergyTelephone: (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 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. A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6cad1520-5f9c-4694-90bf-20bf06b7e208

  • GlobeNewswire

    SHARC Energy Closes 15% Greenshoe

    THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”) is pleased to announce that due to high demand the Company has allotted and closed a 15% greenshoe option on the $3.0M offering that closed on December 18, 2020. SHARC Energy has closed the sale of 1,500,000 common shares (each, a “Share”) on a non-brokered private placement basis at a price of $0.30 per Share for gross proceeds of $450,000 (the “Greenshoe”). The proceeds from the Greenshoe will be used for general working capital purposes in support of its sales and marketing efforts. In connection with the Offering, the Company paid eligible finders an aggregate cash fee of $22,500 and issued 150,000 compensation warrants to eligible finders (the “Compensation Warrants”). Each Compensation Warrant entitles the holder thereof to purchase one Share of the Company at an exercise price of $0.45 for a period of two years following the date of issuance. All securities issued in the Offering will be subject to a statutory hold period lasting four months and one day following the issue date of the applicable Share. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About SHARC EnergySHARC 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 Officer For investor inquiries, please contact:Hanspaul PannuChief Financial OfficerSHARC EnergyTelephone: (604) 475-7710 ext. 4Email: hanspaul.pannu@sharcenergy.com For media inquiries, please contactMike Tanyi Director of Marketing and IT SHARC EnergyTelephone: (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 Statements Certain 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 because of new information, future events or otherwise, except as required by applicable securities legislation.