VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 19, 2017) – Sharc International Systems Inc., (“SHARC” or a “Company”) (CSE:SHRC)(CSE:SHRC.CN)(CNSX:SHRC)(FRANKFURT:IWIA) (OTCQB:INTWD) is gratified to announce a corporate refurbish on a Company and outlines a plan going forward.
SHARC has spent a final 6 years researching and building a award-winning record that recycles feverishness from wastewater on a CO reduced basis, though really many on a loyal mercantile basement as well. This year outlines a watershed year for a Company as it transitions from investigate and development, to a commercialization of a innovative feverishness recycling technology.
Earlier this year as partial of this transition, a Company altered a name from International Wastewater Systems Inc. to Sharc International Systems Inc., as it improved reflects a plan as a Company moves into commercialization, and embarks on a sales and deployment module to safeguard SHARC is strengthening a initial to marketplace advantage to all tools of a world.
During this period, a Company has commissioned 14 systems providing heating and cooling to over 5 million block feet on several continents, explored new ubiquitous markets, polished and grown a SHARC™ and PIRANHA™ by commander projects and severe testing, and we have successfully grown a many fit process of deploying a record and services.
The Company has grown a elite complement of use smoothness by a concentration on apparatus sales and Heat Purchase Agreements (“HPA”). Through a Company’s fit complement of use delivery, SHARC continues to work with finish users to urge their appetite potency and CO rebate program.
Scotland and California have supposing receptive environments as regulatory correspondence has driven a direct for purify appetite technology. Both jurisdictions have set assertive glimmer targets and have invested heavily in formulating a cleaner economy, thereby assembly their ambitions to lessen meridian change.
Scotland
The Scottish Government is committed to aggressively cut CO emissions by a doing of purify technology. Their renewable appetite policies and incentives continue to yield a abounding marketplace for SHARC technology. The Company’s vital fondness with a Scottish Government’s open H2O utility, Scottish Water, has determined 5 initial projects. Construction has commenced and execution is approaching by Q3- 2018. As a tellurian personality in combating meridian change, Scotland has also supposing a ideal plcae for a SHARC’s newly determined European Headquarters, from that a Company expects to enhance via Scotland and a rest of European Union.
California
In California, a California Energy Commission has played an instrumental purpose in a State’s appetite process and a transition from hoary fuels, providing a ideal marketplace for a Company’s wastewater feverishness recycling technology. SHARC has combined vital alliances with internal partners for growth, such as Prospect Silicon Valley and RENEW Energy Partners LLC. The Company will be shortly announcing an refurbish on Title 24 Testing and UL Certification, claim for completing sales in California.
While conducting a compulsory investigate and expansion by commander projects, tests, and certifications, has caused delays to a Company’s Scotland and California projects so far, these processes have supposing SHARC with a compulsory substructure to launch into commercialization and enhance opposite a globe.
Lynn Mueller CEO stated, “Six years of building and building a SHARC systems with a industrious group of engineers and designers has brought us to this subsequent chapter. We demeanour brazen to display everybody this universe category purify appetite record a group has brought us, as we all apropos stronger together on combating meridian change.”
About Sharc International Systems Inc.
Sharc International Systems Inc. is a universe personality in thermal feverishness recovery. SHARC systems recycle thermal appetite from wastewater, generating a many appetite fit and careful systems for heating, cooling prohibited H2O for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE:SHARC), a United States (OTC:INTWD) and Germany (Frankfurt:IWIA).
Further information about a Company is accessible on a website during www.sharcenergy.com or underneath a form on SEDAR during www.sedar.com.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
The CSE does not accept shortcoming for a endowment or correctness of this release.
Forward-Looking Information
This recover includes certain statements that might be deemed “forward-looking statements”. All statements in this release, other than statements of chronological facts, that residence events or developments that a Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not chronological contribution and are generally, though not always, identified by a difference “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and identical expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although a Company believes a expectations voiced in such forward-looking statements are formed on reasonable assumptions, such statements are not guarantees of destiny opening and tangible formula might differ materially from those in a forward-looking statements. Factors that could means a tangible formula to differ materially from those in forward-looking statements embody regulatory actions, marketplace prices, exploitation and scrutiny successes, and continued accessibility of collateral and financing, and ubiquitous economic, marketplace or business conditions. Investors are cautioned that any such statements are not guarantees of destiny opening and tangible formula or developments might differ materially from those projected in a forward-looking statements. Forward-looking statements are formed on a beliefs, estimates and opinions of a Company’s government on a date a statements are made. Except as compulsory by germane bonds laws, a Company undertakes no requirement to refurbish these forward-looking statements in a eventuality that management’s beliefs, estimates or opinions, or other factors, should change.
