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 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]