VANCOUVER, British Columbia, Feb. 04, 2026 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) a global leader in Wastewater Energy Transfer (“WET”) technology, is pleased to announce that it has secured approximately $3.7 million in SHARC Energy equipment orders, increasing Sales Order Backlog1 by 109% since the previous disclosure on December 1, 2025 of $3.4 million. This brings the total value of Sales Order Backlog to $7.1 Million ...

Core Insights - SHARC International Systems Inc. has appointed Kevin Hydes and Shane Dungey to its Board of Directors, enhancing governance with expertise in sustainable design and capital markets Group 1: Appointments and Expertise - Kevin Hydes is a leader in sustainable building design with over 20 years of experience, known for advancing high-performance, low-carbon buildings and communities [2][3] - Hydes has been involved in significant sustainability initiatives, including LEED Platinum and net-zero projects, and has held leadership roles in various green building councils [3] - Shane Dungey brings over 20 years of experience in global capital markets, specializing in asset management, sales, trading, and corporate strategy [4][5] - Dungey has held senior roles in corporates and investment firms, providing insights into financial markets and growth strategies [5] Group 2: Company Vision and Strategy - The appointments of Hydes and Dungey are expected to strengthen SHARC Energy's ability to scale its Wastewater Energy Transfer technology globally [5] - The company aims to advance the adoption of its technology across buildings, communities, and district energy systems, aligning with its mission to transform thermal energy recovery [5][6] - SHARC Energy is recognized as a leader in energy transfer using wastewater, providing energy-efficient systems for heating, cooling, and hot water production [6]

Core Insights - SHARC International Systems Inc. has successfully completed the supply and commissioning of five SHARC 880 systems at the False Creek Neighbourhood Energy Utility Expansion, marking a significant milestone in Wastewater Energy Transfer technology [1][2] Company Overview - SHARC Energy is recognized as a world leader in Wastewater Energy Transfer (WET), providing energy-efficient solutions for heating, cooling, and hot water production [11] - The company’s patented SHARC Series technology is increasingly being specified in district energy system designs across North America and globally, indicating strong market demand [6][11] Project Details - The expansion of the False Creek NEU has increased its capacity from 3.2 megawatts to 9.8 megawatts, making it the largest operating WET project in North America [2] - The project serves over 1,900,000 square meters of new development in Vancouver, significantly reducing reliance on the BC Hydro power grid with an annual average Coefficient of Performance (COP) exceeding 300% [2][3] Environmental Impact - The completed expansion is expected to result in an estimated annual carbon emission reduction of 4,400 tonnes, showcasing the project's contribution to sustainability [4] Industry Trends - There is a growing trend in North America towards legislation supporting district energy systems, with eleven states now having laws that facilitate the development of thermal energy network projects [10] - The Metro Vancouver region is emerging as a leader in Wastewater Energy Transfer, highlighting the potential for other regions to adopt similar technologies [8][9]

Core Insights - SHARC International Systems Inc. has received significant patent grants for its SHARC wastewater heat exchange technology in the United States and Europe, enhancing its competitive position in major markets [2][3][8] - The company is actively pursuing global patent filings, with applications pending in multiple countries, indicating a strategic expansion of its intellectual property portfolio [4][5] - SHARC Energy anticipates substantial growth in orders over the next 12-15 months, reflecting confidence in its technology and market demand [6] Patent Developments - The United States patent (No. 12,415,149) was issued on September 16, 2025, providing protection until February 14, 2043, contingent on annual renewal fees [2][8] - The European patent (No. 4 282 506) was granted on September 3, 2025, with protection lasting until July 2, 2042, also subject to annual renewal fees [2][8] - The Canadian patent (No. 2,926,576) was issued on June 9, 2020, further solidifying the company's intellectual property in North America [3] Global Expansion Strategy - SHARC Energy has filed for international patent applications under the Patent Cooperation Treaty (PCT), securing global patent-pending status for 30 months [4] - The company is pursuing national-phase filings in Canada, Australia, the UK, Mexico, UAE, Saudi Arabia, India, and South Korea, with plans for additional European validations [4][5] - Ongoing validation processes in key EU jurisdictions aim to ensure comprehensive protection across priority markets [5] Company Overview - SHARC Energy specializes in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production for various building types [7] - The company is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF), and Germany (Frankfurt: IWIA) [8]

Core Insights - SHARC International Systems Inc. reported strong financial results for Q2 2025 and YTD 2025, with revenues of $0.85 million and $1.86 million respectively, marking increases of 19% and 9% compared to the same periods in 2024 [1][2] - The company’s Sales Order Backlog increased by 3% to $3.7 million, representing a 71% improvement over the revenue for the year ended December 31, 2024 [1][2] - SHARC Energy is expanding its presence in District Energy Systems (DES) projects, particularly in Ottawa and Vancouver, and is seeing growing acceptance of its Wastewater Energy Transfer (WET) systems [1][3] Financial Performance - Revenue for YTD 2025 is $1.86 million, which is 86% of the total revenue earned in 2024, and represents a 19% increase from $1.56 million in YTD 2024 [2] - Q2 2025 revenue increased by 9% to $0.85 million compared to $0.78 million in Q2 2024 [2] - The company reported a loss of $0.82 million in Q2 2025, compared to a loss of $0.71 million in Q2 2024, indicating a 15% increase in losses [2] Sales and Order Backlog - As of August 29, 2025, the Sales Pipeline stands at $16.6 million, with a Sales Order Backlog of $3.7 million, reflecting a 3% growth since the last disclosure [2] - The Sales Order Backlog is expected to convert to revenue within an average of 12 months, showing a 71% improvement compared to the previous year’s revenue of $2.17 million [2] Market Expansion and New Opportunities - SHARC Energy is targeting new sectors such as wastewater treatment facilities, universities, and water utilities, which are expected to provide fewer regulatory hurdles and shorter sales cycles [3] - The company plans to launch new products soon, leveraging relationships with original equipment manufacturers to enhance customer service and increase revenue [3] Recent Developments - SHARC Energy has shipped two WET systems to a U.S. government-affiliated project and is involved in the Sen̓áḵw District Energy System, the largest real estate development in Canadian First Nations history [6] - The company is also working on the False Creek Neighbourhood Energy Utility expansion in Vancouver [6] - A non-brokered private placement of unsecured convertible debentures was closed for a principal amount of $1.57 million [6]

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]

Core Points - SHARC International Systems Inc. has appointed Fred Andriano as Chairman of the Board of Directors and Executive Officer, replacing founder Lynn Mueller, who will remain as Vice Chairman [1][4] - The company aims to leverage its strengths in the heat transfer sector and expand its market presence under the new leadership [3][4] - The Board of Directors has accepted the retirement of Eleanor Chiu, who has served for nearly six years and held 5% of the company [5][6] Leadership Experience - Fred Andriano brings 20 years of experience in the heating and cooling energy sector, previously serving as Vice President of Finance and Administration at NIBE North America and CFO at WaterFurnace International [2] - His background includes significant roles in finance, accounting, corporate governance, and mergers and acquisitions, which are expected to benefit SHARC Energy's growth strategy [2] Strategic Vision - The new leadership is focused on accelerating the company's growth and expanding its geographical reach, product offerings, and market presence [4] - The company is recognized as an emerging player in the industry, particularly in Wastewater Energy Transfer products, which are seen as having significant market potential [4][6] Company Overview - SHARC Energy specializes in energy recovery from wastewater, providing energy-efficient systems for heating, cooling, and hot water production for various building types [8] - The company is publicly traded in Canada, the United States, and Germany, indicating a broad market presence [9]