{"id":386645,"date":"2020-11-23T08:03:36","date_gmt":"2020-11-23T13:03:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386645"},"modified":"2020-11-23T08:03:36","modified_gmt":"2020-11-23T13:03:36","slug":"canadian-governments-technology-accelerator-selects-sharc-energy-to-market-wastewater-energy-exchange-technology-globally","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-governments-technology-accelerator-selects-sharc-energy-to-market-wastewater-energy-exchange-technology-globally\/","title":{"rendered":"Canadian Government\u2019s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally"},"content":{"rendered":"
\n

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the \u201cCompany\u201d or \u201cSHARC Energy\u201d)<\/strong> has been selected to be part of a Canadian government Clean Tech Accelerator program that will market Canada\u2019s leading clean-technology companies to global markets.<\/p>\n

Only nine Canadian companies were selected for a five-month Canadian Technology Accelerator (<\/a>\u201c<\/a>CTA<\/strong><\/a>\u201d<\/a>) program<\/a>, which will focus on business opportunities in Southeast Asia through a series of virtual meetings.<\/p>\n

Led by the Canadian Trade Office in Singapore, the CTA program allows chosen companies to access potential investments, pilot projects, partnerships and long-term sales in Singapore, Vietnam, Malaysia, and the Philippines, four of the ten Association of Southeast Asian Nations (\u201cASEAN\u201d)<\/strong> countries.<\/p>\n

According to a report<\/a> published by the International Energy Agency<\/a> (\u201cIEA<\/strong>\u201d), the ASEAN region is one of the world’s hottest areas, which caused a demand growth for space cooling of 7.5 times over the last 30 years. The temperature in this region keeps rising, as well as household income, leading to an increase in energy consumption and peak electricity demand. By 2040, cooling will account for 30% of peak electricity demand in ASEAN countries, and an additional 200 GW energy capacity will be required to meet the growing energy demand from ACs. These market trends support the adoption of high-efficient cooling technologies, making SHARC Systems a good fit. Our SHARC Systems can provide a super-efficient and climate-friendly district cooling solution through wastewater thermal energy exchange, and a process called heat rejection, as well as district heating and hot water production.<\/p>\n

\u201cWe are honoured to have been chosen by the Canadian Technology Accelerator to bring our technology to global markets,\u201d said Hanspaul Pannu, SHARC Energy\u2019s CFO. \u201cBy recovering or rejecting the thermal energy from the wastewater we send down the drain every day, our made-in-Canada technology will have a significant role in reducing a building\u2019s energy costs and its carbon footprint.\u201d<\/p>\n

SHARC Energy\u2019s wastewater energy recovery technology \u2014 which exchanges the thermal energy from wastewater that is sent down the drain and turns it into heating and cooling \u2014 is already being used in Canada, the United States, Australia and the United Kingdom. Designed for both individual buildings and district energy systems, SHARC Energy\u2019s technology is highly scalable and is being applied to both new and retrofitted buildings. \u201cThe nine companies taking part in the Southeast Asia program clearly demonstrate Canada\u2019s leadership position in the cleantech sectors,\u201d said Tegan Watson, Trade Commissioner, Canadian Technology Accelerator, Singapore. \u201cIt\u2019s an exciting time to showcase Canadian innovation and know-how.\u201d<\/p>\n

Since 2013, the CTA program has supported the international scale-up of high-growth, high-potential Canadian firms in the sectors of cleantech, as well as life sciences and digital and information communication technologies. To date the CTA program has had 574 participants, collectively garnering $646 million in capital, $238 million in revenue and created 1,128 strategic partnerships and 2,529 new jobs.<\/p>\n

\u201cWe\u2019re seeing significant growth in the Southeast Asian cleantech sector and that includes growth in demand for circular economy and energy efficiency technologies,\u201d said Lynn McDonald, Canadian High Commissioner in Singapore. \u201cThere\u2019s a great opportunity for Canadian innovation to address some of the region\u2019s most pressing environmental issues.\u201d<\/p>\n

The CTA program has also partnered with industry-leading organizations at the forefront of cleantech innovation. The nine companies in this year\u2019s program will benefit from the expertise of\u00a0New Energy Nexus<\/a>, SecondMuse<\/a> and the EcoLabs Centre of Innovation for Energy<\/a>. New Energy Nexus is an international non-profit that supports clean energy entrepreneurs with funds, accelerators, and networks. SecondMuse is an impact and innovation company that builds resilient economies by supporting entrepreneurs and the ecosystems around them. The EcoLabs Centre of Innovation for Energy is designed to build and accelerate deep-tech energy innovation capabilities in Singapore to support the nation\u2019s energy transition.<\/p>\n

\n About SHARC International Systems<\/strong>
\n
SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings, reducing their carbon footprint. SHARC is publicly traded in Canada (CSE: SHRC<\/a>), the United States (OTCQB: INTWF<\/a>) and Germany (Frankfurt: IWIA<\/a>).<\/p>\n

Further information about the Company is available on our website at www.SHARCenergy.com<\/a> or SEDAR at www.sedar.com<\/a>.<\/p>\n

\n ON BEHALF OF THE BOARD<\/strong>
\n
\n \u201cLynn Mueller\u201d<\/u>
\n
Chairman and Chief Executive Officer<\/p>\n

\n For <\/strong>
\n investor inquiries<\/strong>
\n , please contact:<\/strong>
\n
Jason Shepherd
Investor Relations
SHARC International Systems Inc.
Telephone: (250) 212-2122
Email: jason.shepherd@sharcenergy.com<\/a><\/p>\n

\n For media inquiries, please contact<\/strong>
\n
Mike Tanyi
Director of Marketing and IT\u00a0
SHARC International Systems Inc.\u00a0
Telephone: (250)\u00a0212-2122\u00a0
Email:\u00a0mike.tanyi@sharcenergy.com<\/u><\/a><\/p>\n

\n The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.<\/em>\n <\/p>\n

\n
\n Forward-Looking Statements<\/em>
\n <\/strong>\n <\/p>\n

\n Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of 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<\/em>
\n Energy<\/em>
\n ‘s actual results could differ materially from those anticipated in this forward-looking information as a result 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<\/em>
\n Energy<\/em>
\n 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 as a result of new information, future events or otherwise, except as required by applicable securities legislation.<\/em>\n <\/p>\n

A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/87efcf37-a84a-4b02-8720-740680631c09<\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the \u201cCompany\u201d or \u201cSHARC Energy\u201d) has been selected to be part of a Canadian government Clean Tech Accelerator program that will market Canada\u2019s leading clean-technology companies to global markets. Only nine Canadian companies were selected for a five-month Canadian Technology Accelerator (\u201cCTA\u201d) program, which will focus on business opportunities in Southeast Asia through a series of virtual meetings. Led by the Canadian Trade Office in Singapore, the CTA program allows chosen companies to access potential investments, pilot projects, partnerships and long-term sales in Singapore, Vietnam, Malaysia, and the Philippines, four of the ten Association of Southeast Asian Nations (\u201cASEAN\u201d) countries. According to a report … <\/p>\n

Continue reading “Canadian Government\u2019s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386645","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCanadian Government\u2019s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/canadian-governments-technology-accelerator-selects-sharc-energy-to-market-wastewater-energy-exchange-technology-globally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canadian Government\u2019s Technology Accelerator Selects SHARC Energy to Market Wastewater Energy-Exchange Technology Globally - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, Nov. 23, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the \u201cCompany\u201d or \u201cSHARC Energy\u201d) has been selected to be part of a Canadian government Clean Tech Accelerator program that will market Canada\u2019s leading clean-technology companies to global markets. Only nine Canadian companies were selected for a five-month Canadian Technology Accelerator (\u201cCTA\u201d) program, which will focus on business opportunities in Southeast Asia through a series of virtual meetings. Led by the Canadian Trade Office in Singapore, the CTA program allows chosen companies to access potential investments, pilot projects, partnerships and long-term sales in Singapore, Vietnam, Malaysia, and the Philippines, four of the ten Association of Southeast Asian Nations (\u201cASEAN\u201d) countries. 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(CSE:SHRC) (FSE:IWIA) (OTCQB:INTWF) (the \u201cCompany\u201d or \u201cSHARC Energy\u201d) has been selected to be part of a Canadian government Clean Tech Accelerator program that will market Canada\u2019s leading clean-technology companies to global markets. Only nine Canadian companies were selected for a five-month Canadian Technology Accelerator (\u201cCTA\u201d) program, which will focus on business opportunities in Southeast Asia through a series of virtual meetings. Led by the Canadian Trade Office in Singapore, the CTA program allows chosen companies to access potential investments, pilot projects, partnerships and long-term sales in Singapore, Vietnam, Malaysia, and the Philippines, four of the ten Association of Southeast Asian Nations (\u201cASEAN\u201d) countries. 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