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SHARC Energy and Salas O’Brien Sign Joint Sales and Marketing Agreement, The Canadian Business Journal

VANCOUVER, British Columbia, August 17, 2022 (GLOBE NEWSWIRE) — SHARC International Systems Co., Ltd.(CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or “Company“) has signed an agreement with Salas O’Brien, an employee-owned engineering company with 55 offices, over 1,600 team members, and over 360 registered professionals, a global leader in energy conversion from wastewater. I am pleased to announce that we have concludedparty”). The parties intend to establish and foster a collaborative and strategic relationship to support the market with turnkey solutions that meet carbon reduction and energy efficiency goals (Seeagreement”).

Lynn Mueller, Chairman and CEO of SHARC Energy, said:: “We are delighted to be working with Salas O’Brien to contribute to wastewater filtration and wastewater energy transfer systems (“wet system”) to providing turnkey solutions. Energy efficiency and carbon reduction are central to energy services, and Salas O’Brien has established itself as a leading engineering company providing building and facility solutions to clients throughout North America. We look forward to working with you to identify and serve your needs. ”

Under this agreement, SHARC Energy and Salas O’Brien will work together to support the implementation of systems that reduce energy consumption and deliver a proven positive return on investment for their mutual customers. Combined with superior engineering design, SHARC Energy is a unique proprietary product that can significantly improve projects in district utilities, industrial and manufacturing, data centers, healthcare, science and technology, skyscrapers, clean energy, education, etc. was built. , and other building types.

Salas O’Brien CEO Darin Anderson said:: “Salas O’Brien implements some of the most complex engineering projects in the world. There are tremendous benefits: Together, we can significantly reduce the energy used in the built environment and advance our clients’ sustainability goals.”

SHARC Energy believes this relationship will help accelerate the growth of the WET industry and correspondingly generate growth in an increasing pipeline of SHARC Energy WET products.

About SHARC Energy

SHARC International Systems Inc. is a world leader in wastewater energy transfer. SHARC Energy’s system recycles and eliminates thermal energy from wastewater, making it one of the most energy efficient and economical systems for heating, cooling, and hot water production in commercial, residential, and industrial buildings. generate.

SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF), and Germany (Frankfurt: IWIA) and can be found in detail on its SEDAR profile.

Learn more about SHARC Energy here.Investor Page | LinkedIn | YouTube | Piranha Series | SHARC Series

On behalf of the Board of Directors
Lynn Mueller
Chairman and Chief Executive Officer

About Sarah O’Brien
Salas O’Brien is an engineering company with offices in North America. We leverage our experience at the intersection of energy, infrastructure and sustainability to help our distinguished clients meet their critical needs.We are ranked top companies engineering news record When Consulting specific engineerand has been on the Inc. 5000 list of North America’s fastest growing private companies for the past eight years.

media contact
Eric Anest
Vice President, Marketing and Communications
Sarah O’Brien
(949) 541-1448
[email protected]

Issuance of warrants

In connection with this Agreement, and in consideration of the facility covenants and agreements by Saras O’Brien contained therein, the Company has granted Saras O’Brien a common stock to purchase five million shares (5,000,000 shares) of the Company’s common stock. Stock purchase warrants shall be issued. Exercise price of $0.40 CDN per share for 24 months from the date of issue.warrant”). The warrants are fully exercisable by Saras O’Brien, with no partial exercisable rights, and upon thirty (30) days’ notice if the Company’s shares trade at a price of 0.60 CDN per his share for ten years. shall expire early. consecutive trading days. Warrants are non-transferable and subject to applicable resale restrictions without registration or similar rights under the securities laws of the United States and Canada.

The Canadian Stock Exchange does not assume 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, expressed in terms of “anticipate,” “plan,” “estimate,” “expect,” Identified using words such as “should” and “should”. formula. Forward-looking information involves known and unknown risks, uncertainties and other factors and may cause actual results or events to differ materially from those projected in such forward-looking information. may differ. Actual results for SHARC Energy may differ from those projected in this forward-looking information due to regulatory decisions, competitive factors in the industries in which we operate, general economic conditions and other factors. can vary greatly. Although SHARC Energy believes that the expectations reflected in its forward-looking information are reasonable, there can be no assurance that these forward-looking information will prove correct, and such forward-looking information may be inappropriate. should not be relied upon by The forward-looking information contained in this news release represents our expectations as of the date of the announcement and is subject to change after the date of the announcement. We disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as applicable.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/1c02565b-24c9-4160-a9d1-1617e6749151

https://www.globenewswire.com/NewsRoom/AttachmentNg/9bbfcaf9-9535-4ec3-9ba6-9ab8167f5455

A video accompanying this announcement is available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/b07b3c60-fb92-4cb0-a8fb-42ff9398d6b2

https://www.globenewswire.com/NewsRoom/AttachmentNg/b2b58b3e-d327-4fac-b90f-3d3e694bf949


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SHARC Energy and Salas O’Brien Sign Joint Sales and Marketing Agreement, The Canadian Business Journal

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