Core Insights - SHARC International Systems Inc. co-hosted a panel during Climate Week NYC focused on the impact of AI and disruptive technologies on building development [1][3] - The panel emphasized the importance of wastewater energy transfer as a sustainable solution for creating low-carbon buildings and improving community benefits [4][6] Company Overview - SHARC Energy is a leader in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production in various building types [7] - The company is publicly traded in Canada, the United States, and Germany, indicating its international presence and investment opportunities [8] Industry Context - The event gathered diverse stakeholders, including government officials, labor representatives, and environmental organizations, to discuss sustainable building practices and policies [5] - The focus on wastewater energy transfer aligns with New York's climate goals, showcasing the potential for innovative solutions to address environmental challenges [4][6]

Core Insights - SHARC International Systems Inc. has been recognized as a Cohort 2 Finalist in the Sustainable Solutions Challenge, highlighting its innovative wastewater energy transfer technology [1][2][6] Group 1: Company Overview - SHARC Energy specializes in wastewater energy transfer (WET), recycling thermal energy from wastewater to create energy-efficient systems for heating, cooling, and hot water production [7] - The company is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF), and Germany (Frankfurt: IWIA) [8] Group 2: Sustainable Solutions Challenge - The Sustainable Solutions Challenge aims to identify and promote innovations that address climate change and urban resilience, with over 100 submissions from 11 countries [2] - As a finalist, SHARC Energy will showcase its technology during Climate Week NYC 2025, engaging with stakeholders including urban planners, developers, and investors [3][4] Group 3: Strategic Partnerships and Support - SHARC Energy acknowledges support from the New York State Energy Research and Development Authority (NYSERDA) and Con Edison, which are crucial for advancing clean energy solutions in New York [5] - The company aims to explore integration pathways with various stakeholders to further New York's climate action goals [6]

Core Insights - SHARC International Systems Inc. reported a strong growth year in 2024, with revenues increasing by 36% from $1.59 million in 2023 to $2.17 million in 2024, and anticipates continued growth with a Sales Order Backlog of nearly $3.0 million for 2025, representing a potential 38% increase over 2024 revenue [1][2] Financial Performance - Revenue for the year ended December 31, 2024, was $2.17 million, a 36% increase from $1.59 million in 2023 [2] - The company reported a loss of $3.72 million for the year, which is a 5% decrease from the loss of $3.9 million in 2023 [2] - Adjusted EBITDA loss for the year was $2.57 million, which increased by 5% compared to $2.45 million in 2023 [2] - Gross margins for the year were 42%, slightly down from 43% in 2023 [2] Sales Pipeline and Order Backlog - As of April 30, 2025, the company has a Sales Pipeline of $16.8 million and a Sales Order Backlog of $3.0 million, reflecting a 20% growth in Sales Order Backlog since November 2024 [2] - The Sales Order Backlog is expected to convert to revenue within an average of 12 months, indicating a solid platform for revenue consistency and growth [2] Project Developments - The company is involved in several Thermal Energy Network (TEN) projects, which are gaining traction across North America, including municipal and utility-supported systems in the Greater Vancouver area [1][3] - SHARC Energy is expanding into new sectors such as wastewater treatment facilities, universities, and water utilities, which are expected to provide fewer regulatory hurdles and shorter sales cycles [3] Leadership Changes - Michael Albertson was appointed as the new CEO, President, and Director on December 12, 2024, succeeding Lynn Mueller, who remains as Executive Chairman [4] - Fred Andriano joined the Board of Directors, bringing experience from his previous role as CFO at WaterFurnace International [4] Financing Activities - The company closed a non-brokered private placement of debenture units, raising $2 million at an 8.0% interest rate [4] - Insider ownership represents 16% of the current outstanding float, with management and directors purchasing 5,653,396 common shares during the year [5] Market Position - SHARC Energy is recognized as a leader in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production [6] - The company is publicly traded in Canada, the United States, and Germany, enhancing its visibility and market reach [7]