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Sharc International Systems Inc. (SHRC.CN)

Canadian Sec - Canadian Sec Real-time price. Currency in CAD
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0.32000.0000 (0.00%)
At close: 11:36AM EDT
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Previous close0.3200
Open0.3350
Bid0.3100 x 0
Ask0.3400 x 0
Day's range0.3200 - 0.3350
52-week range0.0450 - 0.4000
Volume12,470
Avg. volume77,640
Market cap18.072M
Beta (5Y monthly)0.25
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
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Press releases
  • GlobeNewswire

    SHARC Energy Proves to U.S. Utilities and Investors PIRANHA HC can provide up to 99% GHG reduction and 61% Energy Savings

    * SHARC™ ENERGY’S PIRANHA™ Wastewater Heat Recovery System can be installed or retrofitted into most buildings for dramatic reductions in energy costs and carbon footprints VANCOUVER, British Columbia, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Utilities, municipalities and private sector investors in the United States will today be shown ground-breaking savings in energy costs and greenhouse gas reductions achieved during a three-month demonstration of a unique wastewater thermal recovery technology built by SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the “Company” or “SHARC Energy”).Today’s SHARC Energy presentation at the Incubatenergy Labs and Ameren Accelerator Demo Day, attended by leading U.S. electric power sector leaders, will demonstrate a residential building equipped with the PIRANHA HC wastewater energy recovery system obtained dramatic energy savings by completely offsetting the gas-boiler system in a 60-unit residential building in North Vancouver, British Columbia.Results included a 99-per-cent GHG emission reduction and a 61-per-cent reduction in monthly utility bills, while achieving an uninterrupted supply of hot water and cooling to the complex when the PIRANHA HC was installed.Based on the data collected from the building, the natural-gas boilers have an annual energy cost of $16,906 and annual GHG emissions of 68,580 kg. In comparison, the PIRANHA HC unit has an extrapolated annual energy cost of $6,625 and annual GHG emissions of only 669 kg. This represents an annual savings of $10,281 and 67,911 kg of GHG emission reductions. The estimated useful life of a PIRANHA is 25+ years.“We are honoured to be chosen to present our wastewater thermal energy recovery technology to this prestigious audience,” said SHARC Energy CEO Lynn Mueller, who will be presenting the results virtually. “The PIRANHA HC system collects the water we put down the drain every day and captures the thermal energy that would be otherwise lost. This technological achievement is not only good for the bottom line for building owners and residents, it will also have a positive global impact on the environment as the technology is scaled.”SHARC Energy’s demonstration ─ carried in collaboration with Ameren Corporation, Consolidated Edison, Southern California Edison and the Tennessee Valley Authority ─ was independently assessed by the Electric Power Research Institute (“EPRI”).The next steps to further validate SHARC Energy’s technology is identifying and implementing multiple demonstration sites with an independent evaluation to quantify the performance over a longer period of time. The Company and partnering utilities are seeking to install PIRANHA in sites such as larger apartment buildings, laundromats, breweries, food production, hotels, seniors-living facilities and other commercial and industrial operations and buildings. It is anticipated that additional utilities will look to partner on additional projects within their regions/jurisdictions.The demonstration project presentation delineates that the PIRANHA HC, a self-contained wastewater heat pump that provides hot water and air conditioning, operates at an optimal and consistent Co-efficient of Performance (“COP”) due to the consistent and renewable nature of wastewater. This is an advantage over air-source heat pumps that see dramatic fluctuations in efficiency, with the potential for negative COP, during defrosting cycles. This makes PIRANHA particularly efficacious in cold-weather markets, such as New York and the U.S. eastern seaboard.Key results of the PIRANHA demonstration project include: * 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 3.7 over the project term and peak COP of over 5. * Reduction of thermal water pollution. PIRANHA HC removes the heat from wastewater, so that it reduces impact on ambient water temperature in rivers, lakes and oceans when it is released. “PIRANHA units are already installed in the U.S., Canada and Australia and we have more installations around the world planned in the months ahead,” said Mueller. “We are now in full commercialization mode.”The Demo Day registration is open now to the public and shareholders and other stakeholders are encouraged to join. Subsequent to Demo Day, please check the Company website for content related to the Incubatenergy Labs Challenge.About SHARC EnergySHARC 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, reducing energy costs and carbon footprints. 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:  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.

  • GlobeNewswire

    SHARC Energy Offers Residents and Owners Unique Ability to Detect Presence of Virus Causing COVID-19 and other Diseases in Buildings

    North Vancouver Residential Complex Will Carry out a Building-wide Covid-19 TestVANCOUVER, British Columbia, Oct. 07, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc.  (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is pleased to announce its wastewater energy systems can now be used to alert residents and owners if their building is a source of the SARS CoV-2 virus that causes outbreaks of COVID-19. Using a small valve installed on the SHARC Energy PIRANHA HC wastewater recovery energy system, a building manager can easily collect a small sample of a building’s wastewater in seconds and send it out to a licensed facility for testing of the virus that causes COVID-19 outbreaks.SHARC Energy is also pleased to announce that a residential complex in North Vancouver, British Columbia, now using one of the Company’s PIRANHA HC heat recovery units, will be taking a sample of its building’s wastewater and will send it out for independent testing, to ensure its residents are aware whether or not their building is exposed to the SARS-CoV-2 virus, which causes COVID-19.SHARC Energy has a unique ability in the industry to facilitate these COVID-19 early-warning alerts because it eliminates the need for a random test of what may be passing through a normal sewage line, which captures only a moment in time of the wastewater moving through a building.Instead, SHARC Energy’s thermal-recovery technology collects all of a building’s wastewater in a completely sealed tank, and stores it for as long as 24 hours, ensuring a single sample will deliver a broad sample of a building’s total population, making it a more accurate method of testing for the presence of SARS-CoV-2 in a building.This is an important tool for health officials, business owners and residents to ensure they are free of the virus that causes COVID-19, but also to alert of potential hotspots and allow targeted and rapid testing when the virus causing the disease is detected in a building’s population.“There isn’t another wastewater energy system that can facilitate the testing for SARS-CoV-2 in a building’s population like SHARC Energy can,” said Lynn Mueller. “You don’t have to climb down a manhole cover and take a sample and hope you did it at the right moment, an approach that doesn’t really offer an accurate sample. We collect all the wastewater over a 24-hour period in a sealed tank, which means we can supply a truly representative wastewater sample from a building for testing, so owners and residents can stay safe.”Mueller added that such a sampling approach of wastewater to detect disease would also be of great benefit to extended care health facilities, hospitals and the hospitality industry, both to alert them to any potential outbreak, but also indicate their disease-control protocols are working.“This is another important tool in society’s battle to future proof against COVID-19 and other pandemics, and we are the only company that can offer a representative sample to test the health of a building,” said SHARC CEO Lynn Mueller. “Wherever a SHARC wastewater system is in place in Canada and around the world, we can now help people detect and control this terrible disease and also test for future pandemics and other diseases.”SHARC Energy does not carry out the COVID-19 tests. Building residents and owners make their own decision on whether to begin testing, though SHARC Energy will ensure the proper valve is available for easy collection of samples for independent testing.SHARC Energy’s energy units — which recover the thermal energy from water that goes down the drain — are now in place in hotels, residential buildings and district energy systems across Canada in Vancouver, North Vancouver, Ottawa, Lake Louise, Sechelt, Richmond, with more installations expected to be approved. Internationally, SHARC Energy systems are being used in the United States, Australia and the United Kingdom, with additional systems set for deployment.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, reducing energy costs and carbon footprints. 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:  Jason Shepherd  Investor Relations  SHARC International Systems Inc.  Telephone: (250) 212-2122  Email: jason.shepherd@sharcenergy.com  For 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 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 as a result of new information, future events or otherwise, except as required by applicable securities legislation.

  • GlobeNewswire

    SHARC Energy to Present Wastewater Energy Recovery Success to U.S. Utilities & Municipalities

    VANCOUVER, British Columbia, Sept. 30, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) has been asked by the Tennessee Valley Authority (“TVA”) to present the success of its wastewater energy recovery demonstration project to US municipal and utility decision makers at a virtual event to be held on October 1, 2020 from Knoxville, Tennessee. SHARC Energy is one of only three companies selected by the TVA, one of the United States’ largest utilities serving 153 local power companies across the Southeast, and the Electric Power Research Institute (“EPRI”), an industry thought leader in promoting electrical power innovations that can impact the U.S. power industry.The event is run by TVA and EPRI and highlights companies they believe are poised to deliver energy innovation, cost savings and carbon footprint reductions to utilities and power companies. The goal is to have U.S. utilities, municipalities and power companies fully fund demonstration projects that can accelerate these technologies to market.“SHARC Energy is delighted to be selected to present our technology to the leaders in the U.S. utility and power sector,” said SHARC Energy CEO Lynn Mueller, who will be presenting virtually from Vancouver.“SHARC Energy is currently completing one demonstration project, carried out in partnership with EPRI, and we continue to be ready to place SHARC technology in additional showcases in U.S. markets as we advance our ongoing commercialization,” added Mueller. “SHARC Energy systems recover the thermal energy going down the drain in the water we use every day. By capturing the energy, SHARC Energy dramatically reduces a building’s heating and cooling costs, and reduce its carbon footprint, in some cases to zero.” SHARC Energy’s presentation will be attended by municipalities and local power companies from across the U.S. southeast. Attendees also will hear remarks from TVA and EPRI executives, and Knoxville Chamber of Commerce CEO Mike Odom.The webinar takes place via WebEx. The registration information is provided below:Time: October 1, 2:00 pm - 3:30 pm Registration link for the Event: https://web.cvent.com/event/6ae7e59c-19f0-4608-88ff-af248f7ad511/websitePage:11d81852-1b36-4f20-ab14-8aafa3ab3b95About SHARC EnergySHARC 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, reducing energy costs and carbon footprints. 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 OfficerFor further information, please contact: Jason Shepherd Investor Relations SHARC International Systems Inc. Telephone: (250) 212-2122 Email: jason.shepherd@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.