VANCOUVER, British Columbia, Feb. 23, 2026 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company") is pleased to announce that, further to its news release dated February 17, 2026, the Company has closed the first-tranche of a non-brokered private placement of unsecured convertible debentures of the Company (each, a “Debenture”) for a principal amount of $300,000 (the “Offering”). The Debentures will bear interest from their issue date at ...

Core Viewpoint - SHARC International Systems Inc. is planning a non-brokered private placement of unsecured convertible debentures with a principal amount of up to $2,000,000, potentially raising total proceeds of $2,500,000 if the over-allotment option is fully exercised [1][2]. Group 1: Offering Details - The offering includes an over-allotment option of up to 25%, equating to an additional $500,000, leading to total gross proceeds of $2,500,000 if fully exercised [2]. - The debentures will have an interest rate of 8.0% per annum, maturing three years from issuance, and will be convertible into common shares at a price of $0.125 per share [3]. - Proceeds from the offering will be used for working capital to fulfill the company's sales order backlog [4]. Group 2: Company Information - SHARC International Systems Inc. specializes in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production for various types of buildings [8]. - The company is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF), and Germany (Frankfurt: IWIA) [9]. Group 3: Management Changes - Lynn Mueller has been appointed as Vice President of Business Development [9]. - Hanspaul Pannu has vacated the title of Chief Operating Officer but will continue as Chief Financial Officer and Corporate Secretary [10].

Core Viewpoint - SHARC International Systems Inc. has cancelled a total of 2,363,854 incentive stock options effective December 31, 2025, impacting various expiry dates and exercise prices [1]. Group 1: Stock Options Cancellation - The company cancelled 607,808 options expiring on May 30, 2027, with an exercise price of $0.335 [1]. - A total of 1,520,000 options were cancelled that were set to expire on April 27, 2028, at an exercise price of $0.27 [1]. - Additionally, 136,046 options expiring on June 28, 2029, with an exercise price of $0.28, and 100,000 options expiring on October 17, 2023, at an exercise price of $0.245 were also cancelled [1]. Group 2: Company Overview - SHARC International Systems Inc. is recognized as a leader in energy transfer, utilizing wastewater for thermal energy exchange [2]. - The company's systems are designed for heating, cooling, and hot water production, serving commercial, residential, and industrial buildings, as well as thermal energy networks known as "District Energy" [2]. Group 3: Public Trading Information - SHARC Energy is publicly traded on the Canadian Securities Exchange (CSE: SHRC), the OTCQB in the United States (OTCQB: INTWF), and on the Frankfurt Stock Exchange (FSE: IWIA) [3].

Core Insights - SHARC International Systems Inc. reported significant revenue growth, achieving $2.69 million year-to-date for 2025, which is 124% of the total revenue for 2024 and a 15% increase from $2.34 million in the same period of 2024 [3][4] - The company anticipates exceeding $3 million in revenue by the end of 2025, marking a historic milestone for SHARC Energy [1][3] - The Sales Order Backlog stands at $3.4 million, reflecting a 58% improvement compared to the revenue of $2.17 million for the year ended December 31, 2024 [3][4] Financial Performance - Revenue for Q3 2025 was $0.83 million, a 6% increase from $0.79 million in Q3 2024 [3] - The company reported a loss of $0.74 million in Q3 2025, which is an improvement from a loss of $0.83 million in the same quarter of the previous year [3] - Gross margins for Q3 2025 were 39%, up from 32% in Q3 2024, indicating improved profitability [3] Sales Pipeline and Market Opportunities - The Sales Pipeline is valued at $16.6 million, with a nominal increase since the last disclosure, indicating ongoing efforts to replenish the pipeline [3][4] - The company is entering new market sectors such as wastewater treatment, universities, utilities, correctional facilities, and data centers, which are expected to diversify revenue streams and reduce regulatory barriers [4] - Large-scale district energy projects are in final negotiations, which could significantly enhance the company's growth profile in 2026 and beyond [4]

Core Insights - SHARC International Systems Inc. reported a significant increase in revenue for the year-to-date 2025, achieving $2.69 million, which is 124% of the total revenue for 2024 and a 15% increase from $2.34 million in the same period of 2024 [3][4] - The company anticipates exceeding $3 million in revenue by the end of 2025, marking a historic milestone for SHARC Energy [2][3] - The Sales Order Backlog stands at $3.4 million, reflecting a 58% improvement compared to the revenue of $2.17 million for the year ended December 31, 2024 [3][4] Financial Performance - Revenue for Q3 2025 was $0.83 million, a 6% increase from $0.79 million in Q3 2024 [3] - The company reported a loss of $0.74 million in Q3 2025, which is an improvement from a loss of $0.83 million in Q3 2024, representing a 12% reduction [3] - Gross margins for Q3 2025 were 39%, up from 32% in Q3 2024, indicating improved profitability [3] Sales and Market Opportunities - The company has a Sales Pipeline of $16.6 million, with a nominal increase since the last disclosure, indicating ongoing efforts to replenish the pipeline [3][4] - SHARC Energy is entering new market sectors, including wastewater treatment plants, universities, and data centers, which are expected to diversify the company's revenue streams [4] - The company is in final negotiations for large-scale district energy projects that could significantly enhance its growth profile in 2026 and beyond [4] Recent Developments - SHARC Energy has secured key patents for its wastewater heat exchange system in the U.S. and Europe, providing protection until 2043 and 2042, respectively [7] - The company closed a non-brokered private placement of unsecured convertible debentures for a principal amount of $1.57 million [7] - Fred Andriano has been appointed as Chairman of the Board, indicating a shift in leadership within the company [7]

Group 1 - SHARC International Systems Inc. plans to complete a non-brokered private placement of secured convertible debentures with a principal amount of up to $1,500,000 [1][2] - The debentures will bear an interest rate of 8.0% per annum and will mature 24 months from the issuance date, with an option for holders to extend the maturity by 12 months [2] - The proceeds from the offering will be used for working capital purposes, specifically for the shipment and delivery of SHARC and PIRANHA WET systems [3] Group 2 - The company may pay a finder's fee to eligible arm's length finders in accordance with applicable securities laws [4] - All securities issued will be subject to a statutory hold period of four months and one day following issuance [4] - The current offering replaces a previously announced offering that was cancelled [6] Group 3 - SHARC Energy is a leader in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production [7] - The company is publicly traded in Canada, the United States, and Germany [8]

Core Insights - SHARC International Systems Inc. has shipped two SHARC 880 Wastewater Energy Transfer (WET) Systems to a U.S. government-affiliated project, indicating the company's growing influence in the market [1] - The company's WET technology is gaining traction in the U.S. and is recognized for its role in sustainable infrastructure, as highlighted in a Wall Street Journal article [2] - SHARC Energy's systems recycle thermal energy from wastewater, providing energy-efficient solutions for heating, cooling, and hot water production across various sectors [4] Company Overview - SHARC Energy is a leader in energy recovery from wastewater, offering economical systems for commercial, residential, and industrial applications, as well as for district energy networks [4] - The company is publicly traded on multiple exchanges, including the Canadian Securities Exchange, OTCQB in the U.S., and Frankfurt Stock Exchange [5]

VANCOUVER, British Columbia, May 30, 2025 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) is pleased to announce it has filed financial results for the three months ended March 31, 2025. All figures are in Canadian Dollars and in accordance with IFRS unless otherwise stated. First Quarter Financial Highlights: Revenue for the three months ended March 31, 2025 (“Q1 2025”) is $1.01 million (M), representing 47% of the full year reve ...

Core Insights - SHARC International Systems Inc. has announced its Wastewater Energy Transfer (WET) system as a key component of Creative Energy's Sen̓áḵw Energy System, which supports the largest real estate development in Canadian First Nations history [2][4] - The Sen̓áḵw project will feature 11 buildings with over 6,000 rental homes, aiming to create Canada's largest net-zero operational carbon community [5][6] - The project is expected to reduce carbon emissions by 120,000 tonnes over 30 years, equivalent to planting 5.5 Stanley Parks or 165,000 acres of trees [6] Company Overview - SHARC Energy specializes in energy transfer systems that utilize wastewater, providing energy-efficient solutions for heating, cooling, and hot water production [10] - The company is publicly traded in Canada, the United States, and Germany, and is recognized as a leader in the development of district energy systems [11] Industry Context - District Energy Systems (DES) or Thermal Energy Networks (TEN) provide thermal energy to multiple buildings from a central plant, utilizing highly insulated underground piping [3] - The Metro Vancouver region is emerging as a leader in utilizing wastewater for energy transfer, showcasing climate leadership and potential for decarbonization [8] - Recent legislative support in several U.S. states is promoting the development of thermal energy networks, indicating a growing trend in the industry [9]

Core Points - SHARC International Systems Inc. has entered into a short-term working capital loan agreement for up to $400,000, maturing on July 31, 2025, with an annual interest rate of 8% [1][2] - The loan will be utilized for working capital purposes related to several SHARC and PIRANHA projects scheduled for delivery over the next three months [2] - In exchange for the loan, the company issued 800,000 stock options, each allowing the holder to acquire one common share at $0.10 per share for three years [2] - SHARC Energy specializes in energy transfer systems that utilize wastewater to generate energy-efficient heating, cooling, and hot water production for various types of buildings [3] - The company is publicly traded in Canada, the United States, and Germany, indicating its international presence in the market [4]