United States House Appropriations Subcommittee on Energy and Water Development

Congresswoman Marcy Kaptur Tours DIII-D National Fusion Facility

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Thursday, August 18, 2022
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San Diego, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Congresswoman Marcy Kaptur (OH-09),Chair of the House Appropriations Subcommittee on Energy and Water Development,visited General Atomics (GA) and toured the DIII-D National Fusion Facility.

Key Points: 
  • San Diego, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Congresswoman Marcy Kaptur (OH-09),Chair of the House Appropriations Subcommittee on Energy and Water Development,visited General Atomics (GA) and toured the DIII-D National Fusion Facility.
  • We were deeply honored to introduce Rep. Kaptur to the DIII-D National Fusion Facility in person, said Dr. Anantha Krishnan, Senior Vice President of the Energy Group.
  • DIII-D is a world-leading fusion research facility, and I am grateful to Rep. Kaptur for taking the time to see us in action, said Dr. Richard Buttery, Director of the DIII-D National Fusion Facility.
  • By undertaking world-class research, the talented professionals at the DIII-D National Fusion Facility are closing key gaps and paving the way for a U.S. fusion pilot plant.

Sharc Energy Announces a 2564 Percent Increase in Fourth Quarter Revenue and 328 Percent Increase for Fiscal 2021

Retrieved on: 
Tuesday, April 19, 2022
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Fourth Quarter and Year End Highlights:

Key Points: 
  • Fourth Quarter and Year End Highlights:
    Revenue for the three months ended December 31, 2021 (Q4 2021) was $0.98M, representing an increase of 2564% or 0.94M from the three months ended December 31, 2020 (Q4 2020).
  • Revenue for the year ended December 31, 2021 (YE 2021) was $2.70M, representing an increase of 328% or $2.07M from the year ended December 31, 2020 (YTD 2020).
  • Furthermore, the Company has Sales Order Backlog3 of $0.56M, which represents a 62% decrease from previous disclosure on November 15th, 2021.
  • Loss for Q4 2021 and YE 2021 was $0.78M and $3.06M, representing a decrease of $0.17M from Q4 2020 and an increase of $0.15M from YE 2020.

SHARC Energy Files Record Breaking Revenue and First Cash Flow Positive Quarter

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Monday, November 15, 2021
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The Company achieved its first cash flow positive quarter in the Companys history with an Adjusted EBITDA1 of $0.02M in Q3 2021 which represents a 106% or $0.37M improvement over the Q3 2020 Adjusted EBITDA loss.

Key Points: 
  • The Company achieved its first cash flow positive quarter in the Companys history with an Adjusted EBITDA1 of $0.02M in Q3 2021 which represents a 106% or $0.37M improvement over the Q3 2020 Adjusted EBITDA loss.
  • A 1,200 residential unit master planned developments heating and cooling needs will be met by utilizing a SHARC Energy low-carbon wastewater energy exchange system as part of a centralized energy facility.
  • Q3 2021 marks a milestone quarter for the Company where we produced record quarterly and year to date revenues and our first breakeven Adjusted EBITDA quarter.
  • This is expected to continue into future quarters, says Hanspaul Pannu, Chief Financial Officer of SHARC Energy.

SHARC Energy Announces Second Quarter and Year to Date 2021 Financial Results

Retrieved on: 
Friday, August 20, 2021
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VANCOUVER, British Columbia, Aug. 20, 2021 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the Company) announces it has filed its financial results for the second quarter and the six months ended June 30, 2021.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 20, 2021 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the Company) announces it has filed its financial results for the second quarter and the six months ended June 30, 2021.
  • Second Quarter and Year to date Highlights:
    As of August 20, 2021, the Company has Sales Pipeline1 of $3.77M and Sales Order Backlog2 of $2.82M.
  • A 1,200 residential unit master planned developments heating and cooling needs will be met by utilizing a SHARC Energy low-carbon wastewater energy exchange system as part of a centralized energy facility.
  • SHARCEnergyssystems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings.