Sharc receives $3.7-million in equipment orders

Executive Summary

• Sharc International Systems Inc. secured approximately $3.7 million in new equipment orders, marking a 109% increase in its sales order backlog since the previous disclosure on December 1, 2025.
• The total sales order backlog now stands at $7.1 million, reflecting significant commercial traction and expansion into new geographic and sector markets.
• The new orders include projects in a Vancouver district energy system, a major West Coast U.S. airport, and a senior housing retrofit in New York, validating the company's strategy to expand beyond traditional multifamily residential applications.

Key Details

• New Orders Value: Approximately $3.7 million in Sharc Energy equipment orders secured.
• Backlog Growth: Sales order backlog increased by 109% from the previous disclosure of $3.4 million on December 1, 2025.
• Total Backlog: The total value of the sales order backlog is now $7.1 million (without consideration for shipments or adjustments since Q3 2025).
• Project Diversity:
  • Vancouver-based district energy system.
  • Major West Coast U.S. airport project.
  • Retrofit of a multifamily senior housing residential development on Staten Island, New York.
• Strategic Expansion: The orders demonstrate expansion into transportation infrastructure, large-scale district energy systems, and institutional/utility-scale opportunities, moving beyond core multifamily and commercial building applications.
• Revenue Recognition Timeline: Based on historical cadence, sales order backlog is expected to turn into revenue in roughly one year from the disclosure date, subject to project mix.
• Technology Focus: The orders are for WET (Waste Water Energy Transfer) systems, which harvest thermal energy from waste water for heating, cooling, and hot water production.

Notable Quotes

• "These orders validate what we have been communicating to the market over the past several years. Sharc Energy's WET technology continues to gain adoption across both our core new build multifamily 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." — Michael Albertson, CEO and President