International Wastewater Systems Announces Newest and Largest SHARC System

International Wastewater Systems Announces Newest and Largest SHARC System

VANCOUVER, B.C., June 27, 2016 – International Wastewater Systems Inc. (“IWS” or the “Company”) (CSE:IWS)(FRANKFURT:IWI) is pleased to announce that the Company has completed the in-house design of the newest and largest SHARC wastewater heat exchange system, the model 880 (“SHARC 880”). The SHARC 880 offers the highest capacity of any SHARC system designed and built by IWS to date.

The SHARC 880 handles a flow rate of up to 1500 gallons per minute (“GPM”), a capacity increase of three-times when compared to existing SHARC models with flow rates of 100 GPM to 500 GPM. In-house testing is now underway and will be completed in the next 90 days. Following completion of the design and test phase, production will be completed at IWS headquarters near Vancouver. The unit is scheduled to be installed and tested at a wastewater heat exchange project within a District Heating Network (“DHN”) in Vancouver. The DHN currently serves 4.3 million square feet (approximately 400,000 square meters) of residential, commercial, and institutional space with plans for future expansion.

The SHARC 880 was built in response to demand from prospective clients seeking a system with increased capacity. In particular, ongoing requests from various District Heating Networks confirm that wastewater heat exchange equipment for large and utility-scale projects is a growing market for IWS.

ON BEHALF OF THE BOARD

“Lynn Mueller”

Lynn Mueller

Chairman and Chief Executive Officer

FOR MORE INFORMATION, PLEASE CONTACT:

Yaron Conforti, CFO and Director

Telephone: (416) 716-8181

Email: [email protected]

About International Wastewater Systems Inc.

International Wastewater Systems Inc. (and its wholly owned subsidiary SHARC Energy Systems (UK) Ltd.) is a world leader in thermal heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings. IWS is publicly traded in Canada (CSE: IWS), the United States (OTC: INTWF) and Germany (Frankfurt: IWI).

http://www.sewageheatrecovery.com/

The CSE does not accept responsibility for the adequacy or accuracy of this release.

About SHARC Energy

SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems 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.

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.

Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA

ON BEHALF OF THE BOARD

Lynn Mueller
Chairman and Chief Executive Officer

INVESTOR INQUIRIES

Hanspaul Pannu
Chief Financial Officer
(604) 475-7710 ext. 4

MEDIA INQUIRIES

Mike Tanyi
Director of Marketing and IT 
(604) 475-7710 ext.109

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

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 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 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. 


[1] Sales Pipeline is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the nine months ended September 30, 2021 MD&A.

[2] Sales Order Backlog is a Non-IFRS measure. Please see discussion of Alternative Performance Measures and Non-IFRS Measures in the nine months ended September 30, 2021 MD&A.

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