SHARC Energy and Salas O’Brien sign a commercial and marketing partnership

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VANCOUVER, British Columbia, Aug. 17, 2022 (GLOBE NEWSWIRE) — SHARC International Systems Inc.. (CSE: SHRC) (ESF: IWIA) (OTCQB: INTWF) (“SHARC Energy“or the”Company“), a global leader in the transfer of energy from wastewater, is pleased to announce that it has entered into an agreement with Salas O’Brien, an employee-owned engineering firm with 55 offices, over 1,600 team members and over 360 registered professionals (collectively, the “Parties”). The Parties intend to establish and cultivate a collaborative and strategic relationship that will support the market with turnkey solutions tailored to carbon reduction and energy efficiency objectives (the “OK”).

Lynn Mueller, President and CEO of SHARC Energy, commented“We are excited to partner with Salas O’Brien and bring our wastewater filtration and wastewater energy transfer systems to the table.”Wet systems”) to their turnkey solutions offerings. Energy efficiency and reduced carbon emissions are at the heart of energy services, and Salas O’Brien has established itself as a leading engineering company providing building and installation solutions to clients all over the world. North America. We look forward to working together to identify and meet customer needs. »

Under the agreement, SHARC Energy and Salas O’Brien will collaborate to support the implementation of systems that reduce energy consumption and have proven, positive returns on investment for our joint customers. SHARC Energy has built a unique and exclusive product which, when combined with outstanding engineering design, can bring substantial improvements to projects such as district utilities, industry and manufacturing, data centers, healthcare , science and technology, high-rise buildings, clean energy, education, and other types of buildings.

Darin Anderson, CEO of Salas O’Brien commented“Salas O’Brien implements some of the most complex engineering projects in the world. Although we always view our projects from a product-independent perspective, we have seen tremendous benefits in the solutions provided by SHARC Energy. By working together, we can significantly reduce the energy used by the built environment and advance our customers’ sustainability goals. »

SHARC Energy is confident that this relationship will help accelerate the growth of the WET industry and thereby drive accretive growth in the SHARC Energy WET product pipeline.

About SHARC Energy

SHARC International Systems Inc. is the world leader in energy transfer with wastewater. SHARC Energy’s systems recycle and reject thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling and hot water production for commercial, residential buildings. and industrial.

SHARC Energy is publicly listed 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 | Investor page | LinkedIn | YouTube | PIRANHA Series | SHARC series

ON BEHALF OF COUNCIL
Lynn Muller
President and CEO

About Salas O’Brien
Salas O’Brien is an engineering firm with offices across North America. We use our experience at the intersection of energy, infrastructure and sustainability to help leading clients meet their critical needs. We are a leading company ranked by News-Record Engineering and Consulting Engineer-Prescriberand we have been on the Inc. 5000 list of North America’s fastest growing private companies for eight years.

Media Contact
Eric Anest
Vice President, Marketing and Communications
Salas O’Brien
(949) 541-1448
[email protected]

Issue of warrants

As part of the agreement, and taking into account the covenants and covenants of Salas O’Brien contained therein, the Company will issue to Salas O’Brien common stock purchase warrants for the purchase of five million (5,000,000) common shares of the Company at an exercise price of CA$0.40 per share for a period of 24 months from the date of issue, provided and subject to the agreement is in full force and effect (the “Mandates”). Warrants will be exercisable by Salas O’Brien in whole with no right to partial exercise and will be subject to earlier expiration upon 30 days’ notice in the event that the Company’s shares trade at a price of 0, CA$60 per share for a period of 10 consecutive trading days. Warrants are not transferable and will be subject to applicable resale restrictions under United States and Canadian securities laws without registration or similar rights.

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

Forward-looking statements
Certain statements contained in this press release may constitute forward-looking information. Forward-looking information is often, but not always, identified with words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “have the intention to”, “should” and other 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 due to regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions and other factors, many of which are beyond our control. of the society. . SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that such expectations will prove to be correct, and undue reliance should not be placed on such forward-looking information. Any forward-looking information contained in this press 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 as a result of new information, future events or otherwise, except as required.

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

The videos accompanying this announcement are available on:

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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