SHARC Energy Secures $3.7 Million in Equipment Orders, Demonstrating Continued Momentum and Expansion into New Markets
MWN-AI** Summary
SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF), a leader in Wastewater Energy Transfer (WET) technology, announced a significant milestone on February 4, 2026, securing approximately $3.7 million in equipment orders. This latest development boosts the company's Sales Order Backlog by 109% since its December 2025 update, bringing the total backlog value to $7.1 million.
The newly acquired equipment orders encompass diverse projects, notably including a Vancouver district energy system, a large West Coast U.S. airport, and a senior housing development retrofit on Staten Island, New York. This expansion reflects SHARC Energy's successful entry into new markets while solidifying its presence in traditional sectors like multi-family residential constructions.
CEO Michael Albertson emphasized that these orders validate SHARC Energy's strategic direction, focusing on providing scalable, energy-efficient solutions to tackle energy waste and enhance thermal load electrification. Furthermore, the company's emphasis on diversifying its market reach into transportation infrastructure and large-scale district energy systems indicates its commitment to addressing evolving energy needs.
SHARC’s WET technology capitalizes on the thermal energy available in wastewater and hydronic sources, presenting a robust all-electric solution for heating, cooling, and hot water production that aligns with global decarbonization and electrification trends. As market awareness increases, there's a growing demand for SHARC's innovative thermal energy solutions.
Historically, the company turns its Sales Order Backlog into revenue within approximately a year, suggesting a promising outlook for the upcoming year. SHARC continues to innovate and expand, with an optimistic view on further project developments and potential orders. The company's public trading presence is notable in Canada, the U.S., and Germany, highlighting its global outreach.
MWN-AI** Analysis
SHARC International Systems Inc. (CSE: SHRC) has made a significant stride by securing $3.7 million in equipment orders, pushing its Sales Order Backlog to $7.1 million—a 109% increase since December 2025. This growth indicates robust market acceptance of SHARC's Wastewater Energy Transfer (WET) technology and represents a strategic expansion into diverse sectors, including district energy systems and multi-family housing.
Investors should view this announcement positively, as increasing sales order backlogs often precede revenue realization, with SHARC's historical data suggesting conversion to revenue in roughly a year. The company is strategically diversifying its portfolio, targeting not only traditional residential and commercial markets but also venturing into transportation infrastructure and utility-scale opportunities. This diversification reduces dependency on any single market and enhances overall revenue resilience.
Further, SHARC’s technology aligns well with global decarbonization efforts, addressing crucial energy efficiency and sustainability challenges. The urgency for solutions that can reduce energy waste and improve operational resilience positions SHARC favorably as companies upgrade their energy systems to meet evolving regulatory requirements and environmental standards.
Despite the potential upside, investors should remain cognizant of inherent risks associated with forward-looking projections. Competitive pressures, regulatory challenges, and economic fluctuations can impact growth trajectories. Thus, conducting thorough due diligence is essential before making investment decisions.
In summary, SHARC Energy appears positioned for continued growth, fueled by increasing market traction and technological adoption across diverse segments. Investors looking for a company at the intersection of technology innovation and sustainable energy solutions may find SHARC an attractive opportunity. However, a cautious approach that considers potential risks is advisable.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
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 without consideration for any shipments or adjustments since the third quarter of 2025.
The newly secured WET equipment orders underscore the continued commercial traction and execution into multiple end markets. The equipment orders include projects spanning a Vancouver-based district energy system, a major Westcoast U.S. airport, and a retrofit of a multi-family senior housing residential development on Staten Island in New York, reflecting both geographic and sector diversification.
“These orders validate what we have been communicating to the market over the past several years,” said Michael Albertson, CEO and President of SHARC Energy. “SHARC Energy’s WET technology continues to gain adoption across both our core new build multi-family residential markets and new adjacent market sectors, as owners, developers, and operators seek proven, scalable solutions to reduce energy waste, electrify thermal loads, and improve overall system resilience.”
In previous disclosures, the Company highlighted its strategic focus on expanding beyond traditional multi-family and commercial building applications into new markets such as transportation infrastructure, large-scale district energy systems, and other institutional and utility-scale opportunities. The diversity of projects included in the purchase orders reinforces this strategy and demonstrates the versatility of SHARC Energy’s technology portfolio across a wide range of thermal energy use cases.
SHARC Energy’s Wastewater Energy Transfer systems are designed to harvest and transfer thermal energy from wastewater and other hydronic sources, providing a reliable, all-electric solution for heating and cooling. The technology is increasingly being adopted in complex, high-demand environments where energy efficiency, decarbonization, and operational reliability are critical.
The Company believes this continued growth in its Sales Order Backlog reflects increasing market awareness, a maturing sales pipeline, and rising demand for scalable thermal energy solutions aligned with decarbonization and electrification objectives.
Based on the Company’s historical cadence, Sales Order Backlog turns to revenue in roughly a year from disclosure date, subject to project mix. SHARC Energy will continue to provide updates as projects progress and additional orders are secured.
About SHARC Energy
SHARC International Systems Inc. is a world leader in energy transfer with the wastewater we send down the drain every day. SHARC Energy's systems exchange thermal energy with wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.
SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.
Learn more about SHARC Energy: Website | Customers | LinkedIn | YouTube | PIRANHA | SHARC
ON BEHALF OF THE BOARD
Fred Andriano
Chairman
For investor inquiries, please contact:
Hanspaul Pannu
Chief Financial & Operating Officer
SHARC Energy
Telephone: (604) 475-7710 ext. 4
Email: hanspaul.pannu@sharcenergy.com
For media inquiries, please contact:
John Louis Fahie
Marketing
SHARC Energy
Telephone: 604.475.7710 Ext.109
Email: johnlouis.fahie@sharcenergy.com
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation.
1 Sales Order Backlog is a non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the Q3 2025 MD&A.
FAQ**
How might the recent $3.7 million order increase in the Sales Order Backlog for Sharc International Systems Inc. (SHRC:CC) impact its financial stability and future growth prospects?
What specific strategies is Sharc International Systems Inc. (SHRC:CC) employing to continue expanding its market presence in sectors beyond multi-family residential applications?
With Sharc International Systems Inc. (SHRC:CC) targeting diverse projects such as airport and senior housing developments, how does the company ensure its Wastewater Energy Transfer technology meets varying sector demands?
Given the projected conversion timeline of Sales Order Backlog to revenue for Sharc International Systems Inc. (SHRC:CC), what factors could influence this process and lead to variations in expected revenue streams?
**MWN-AI FAQ is based on asking OpenAI questions about Sharc International Systems Inc (OTC: INTWF).
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