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“Looking ahead to 2026, we are entering the year with meaningful momentum. Our backlog alone represents more than double our 2025 revenue, and with an average conversion cycle of approximately 12 months, we have a clear line of sight to continued growth. Combined with a robust and expanding pipeline, entry into new vertical market sectors, development of new products & partnerships and the advancement of larger-scale opportunities, we believe SHARC Energy is well-positioned for a transformative year ahead.”
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YE 2025 Key Highlights and Subsequent Events
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- Purchase orders secured in 2026. Since the beginning of 2026, the Company has secured approximately $4.6M in SHARC Energy equipment orders including a Vancouver-based district energy system, a major Westcoast U.S. airport, a retrofit of a multi-family senior housing development on Staten Island in New York and a Calgary wastewater treatment plant. This represents growth of 135% since the previous disclosure on December 1, 2025 of $3.4M and highlights the growing demand for SHARC Energy products.
- Commercial Launch of new product Back-Flush Only (BFO) System. The Company is pleased to announce is pleased to announce that it has secured a purchase order for its newly introduced BFO system to be deployed at a Wastewater Treatment Plant in Calgary, Alberta.
- SHARC System Powers Groundbreaking Sen̓áḵw District Energy System. The SHARC WET system will be the core component of the Sen̓áḵw Energy System, the largest real estate development in Canadian First Nations history. The SHARC WET system was shipped to the project in Q2 2025.
- SHARC Systems Shipped to US Government-Affiliated Project. The Company announced the shipment of two SHARC 880 WET Systems to a U.S. government-affiliated project. Further information about the project will be released at a later stage.
- SHARC System Featured in Ottawa’s Lebreton Flats District Energy Project. The Company announced that two SHARC 880 Wastewater Energy Transfer (“WET”) systems will be used to power a district energy system in Canada’s capital city. SHARC Energy anticipates commencing submittals for the SHARC WET Systems in 2025 with equipment build and delivery expected during 2026.
- False Creek Neighbourhood Energy Utility (“NEU”) Expansion. The Company continued work on the supply and maintenance agreement with the City of Vancouver for the provision and maintenance of five SHARC systems for the False Creek NEU Expansion. During the three months ended March 31, 2025, the Company completed all remaining milestones of the agreement.
- SHARC System U.S. and European Patents. SHARC Energy has been granted key patents for it SHARC wastewater heat exchange system in the United States and Europe. The newly granted patents provide protection until February 14, 2043 and July 2, 2042, respectively. Additional filings are pending in Canada, Australia, the United Kingdom, Mexico, United Arab Emirates, Saudi Arabia, India and South Korea, with additional European “Unitary Patent” validations planned in multiple EU member states.
- Closing of $1.57 Million Unsecured Convertible Debenture. SHARC Energy has closed a non-brokered private placement of unsecured convertible debentures of the Company for a principal amount of $1,570,000.
- Fred Andriano appointed as Chairman of the Board of Directors. On May 5, 2025, the Company announced significant changes to its Board of Directors, appointing Fred Andriano as Chairman of the Board and Executive Officer, replacing Lynn Mueller, who will now serve as Vice Chairman and Executive Officer. Furthermore, the Company accepted the retirement and resignation of Eleanor Chiu as Director.
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For complete financial information for the year ended December 31, 2025, please see the Annual Audited Financial Statements and Management Discussion and Analysis filed on SEDAR at www.sedar.com.
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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”.
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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.
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ON BEHALF OF THE BOARD
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Fred Andriano
Chairman
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For investor inquiries, please contact:
Hanspaul Pannu
Chief Financial Officer
SHARC Energy
Telephone: (604) 475-7710 ext. 4
Email: [email protected]
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For media inquiries, please contact:
John Louis Fahie
Marketing
SHARC Energy
Telephone: 604.475.7710 Ext.109
Email: [email protected]
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The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
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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.
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