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Sharc International Systems Inc. Company Logo

INTWF
Sharc International Systems Inc.

Ordinary Shares

0.0478

-0.0002

-0.42%

0.037 / 0.055 (35000 x 35000)

Real-Time Best Bid & Ask: 05:00pm 11/17/2025
Delayed (15 Min) Trade Data: 12:23pm 11/17/2025

Sharc International Systems Inc.

1443 Spitfire Place

Port Coquitlam, BC V3C 6L4

Canada

Principal Executive Offices:

1443 Spitfire Place

Port Coquitlam, BC V3C 6L4

Canada

Business Description
SHARC International Systems Inc. ("SHARC Energy") 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, 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.
Financial Reporting
Reporting Standard
International Reporting: Canadian Securities Exchange
Audited Financials
Audited
CIK
0001526890
Fiscal Year End
12/31
Company Officers & Contacts
Michael Albertson
CEO, President

Michael Albertson brings over 40 years of leadership and expertise in renewable thermal energy to SHARC Energy, where he serves as President of SHARC Energy (US) Systems Inc. A recognized authority in Thermal Energy Networks (TENs) and district energy systems, Albertson is pivotal in advancing SHARC Energy's growth and expanding its innovative wastewater energy transfer (WET) technology across the United States. Prior to joining SHARC Energy, Albertson was the Senior Vice President of Sales and Marketing at WaterFurnace International, Inc., where he oversaw the successful development and implementation of geothermal systems globally. His career includes extensive experience in designing, selling, and managing large-scale renewable energy projects, including thousands of geothermal and district energy systems. Albertson has also held leadership roles in commercial geothermal sales, branding, and customer engagement with major manufacturers of water-source heat pumps. In addition to his corporate accomplishments, Albertson has a deep history of industry advocacy and thought leadership. He is a former Chairman of the Board for the International Ground Source Heat Pump Association (IGSHPA) and a past board member of the GeoExchange Organization (GEO). Albertson's contributions include lobbying for critical federal tax incentives that have bolstered the geothermal sector, including provisions in the Inflation Reduction Act that ensure long-term support for sustainable energy.

Hanspaul Pannu
CFO, COO

Hanspaul Pannu, Chief Operating Officer (COO) and Chief Financial Officer (CFO) of SHARC International Systems Inc., is a Chartered Professional Accountant (CPA) with a strong background in corporate finance and strategic planning. Leveraging his extensive experience in high-growth companies, Pannu has positioned SHARC Energy as a leading clean energy investment opportunity. His leadership ensures the company's innovative wastewater energy transfer (WET) technology is primed for scalability and success in the sustainable energy market.

Shameer Dada
Controller

Board of Directors
Felix Frederick Andriano
Chairman, Independent Director, Audit Committee Member, Compensation Committee Member

Felix Frederick Andriano is Executive Chairman of SHARC International Systems Inc. Mr. Andriano began his career with Uniroyal Plastics Products Group, a division of Uniroyal Inc., where he rapidly advanced through key financial roles. His tenure included positions such as Divisional Manager of Budgets and Forecasting, and ultimately, Divisional Controller for a $600 million division. In 1990, Mr. Andriano moved to Dreyer's Grand Ice Cream as Eastern Division Finance Manager, where he further refined his expertise in financial oversight. In 2005, Mr. Andriano joined WaterFurnace International, a publicly traded company on the TSX, as Chief Financial Officer. His leadership at WaterFurnace was marked by strategic acquisitions, international joint ventures, and impressive growth, with revenues doubling from $65 million to $130 million culminating in a $364 million acquisition by NIBE Group in 2014. He continued as CFO and eventually rose to Vice President of Financial and Administrative Services for NIBE North America. During this time, Mr. Andriano played a pivotal role in securing major acquisitions, such as Enertech and The Climate Control Group, expanding NIBE's footprint in the renewable energy space. Mr. Andriano's experience also includes revitalizing finance and accounting departments, implementing strategic planning processes, and driving substantial profit increases.

Lynn Mueller
Executive Chairman, Independent Director, Audit Committee Member

Mr. Lynn Mueller is Vice Chairman of SHARC International Systems Inc. ("SHARC Energy"). IWS is headquartered in Vancouver British Columbia, and has offices in Liechester, England. Lynn began his career as a refrigeration journeyman before transitioning into a 25 year career in the geothermal heat pump industry, where he served as President of WaterFurnace International, founded Pacific Geo-Exchange Inc. and Earth Source Energy Inc. Because Lynn is an advocate of sustainable space conditioning energy systems for the last 35 years, Lynn launched IWS to recover the billions of kilowatt hours of energy that goes down the drain annually around the world. IWS has become the world leader in sewage heat recovery technology using the SHARC system which was invented and patented by Lynn. With many successful projects completed and working in Canada, IWS has now expanded to Europe and Australia.

Michael Albertson
CEO, President

Michael Albertson brings over 40 years of leadership and expertise in renewable thermal energy to SHARC Energy, where he serves as President of SHARC Energy (US) Systems Inc. A recognized authority in Thermal Energy Networks (TENs) and district energy systems, Albertson is pivotal in advancing SHARC Energy's growth and expanding its innovative wastewater energy transfer (WET) technology across the United States. Prior to joining SHARC Energy, Albertson was the Senior Vice President of Sales and Marketing at WaterFurnace International, Inc., where he oversaw the successful development and implementation of geothermal systems globally. His career includes extensive experience in designing, selling, and managing large-scale renewable energy projects, including thousands of geothermal and district energy systems. Albertson has also held leadership roles in commercial geothermal sales, branding, and customer engagement with major manufacturers of water-source heat pumps. In addition to his corporate accomplishments, Albertson has a deep history of industry advocacy and thought leadership. He is a former Chairman of the Board for the International Ground Source Heat Pump Association (IGSHPA) and a past board member of the GeoExchange Organization (GEO). Albertson's contributions include lobbying for critical federal tax incentives that have bolstered the geothermal sector, including provisions in the Inflation Reduction Act that ensure long-term support for sustainable energy.

Peter Busby
Independent Director

Peter Busby, C.M., FRAIC, LEED Fellow, is a principal at Perkins & Will, a global design practice founded in 1935, with over 28 offices and over 2,500 employees. Mr. Busby has been an Architect based in Vancouver for 40 years. He has built approximately 150 buildings across Canada including 3 at SFU and 4 at UBC, and many other residential and mixed-use commercial projects across Vancouver. He is best known for his development of sustainable design in Canada, founding the Canada Green Building Council in 2002 that brought LEED to Canada. He has won many design awards, including 6 Governor Generals Awards, 11 Lieutenant Governor Awards, and the RAIC Gold medal. He was awarded the Order of Canada in 2015 for creating and pushing the green building movement in Canada. He also has many built buildings outside Canada, including South Korea, Italy, the USA, Saudi Arabia, and Hong Kong. Peter is still active in the industry, currently designing projects in Ottawa, Toronto, Vancouver, Seattle, and Texas.

Michael Franklin Harcourt
Independent Director

Mr. Harcourt is the former Premier of British Columbia and brings an unparalleled wealth of expertise in sustainable development and political leadership to SHARC. Mr. Harcourt's belief in conservation and sustainable development has shaped his career both in and out of elected office. As former Premier of British Columbia (1991-1996), Mayor of Vancouver (1980-1986) and City Councillor, Mr. Harcourt helped British Columbia earn its reputation as one of the most livable, accessible and inclusive places, through his expertise in land use and ambitions for sustainability. His focus on conservation and sustainable development and his resolve to contribute t the transformation of cities and communities around the world has played a significant role in promoting quality of life for those in Canada and abroad. After stepping down from politics, Mr. Harcourt was appointed by the Prime Minister to serve as a member of the National Round Table on the Environment and Economy. There, he served on the Executive Committee and Chaired the Urban Sustainability Program. He was also a federally appointed BC Treaty Commissioner and was Chair of the Prime Minister's Advisory Committee for Cities and Communities, mandated to examine the future of Canada's cities and communities.

Dermot Sweeny
Independent Director

Dermot Sweeny is President and Founder of Sweeny & Co Architects Inc. He is passionate about green building and has put Sweeny&Co at the forefront of sustainable design. He advocates for buildings that reduce carbon footprint, integrate innovative systems, and maintain high performance, while promoting health and wellness for their occupants. Many of the Class AAA office buildings designed by Sweeny&Co are LEED Platinum, WELL Building, and WiredScore Certified. Dermot's dedication to sustainability has earned his firm numerous awards for their sustainable building designs from institutions such as the Canadian Green Building Council & the Urban Land Institute. As the President of Sweeny & Co, Dermot has established a reputation for delivering innovative architectural and urban designs that optimize value, while adhering to client's capital budgets. His extensive experience contributes inventive and imaginative perspectives to every aspect of the Architectural design process. He excels in recognizing possibilities and addressing intricate demands, for mixed-use, residential, commercial, retail and hospitality, institutional, and life sciences architecture. Dermot's comprehensive client base is further supported by his expertise in real estate development, sustainability, and development consulting.

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Davidson & Company LLP

Suite 1200-609 Granville Street,

PO Box 10372

Vancouver, BC V7Y 1G6

Canada

Securities Counsel
McMillan LLP

Royal Centre, 1055 W. Georgia Street,

Suite 1500

Vancouver, BC V6E 4N7

Canada

Profile Data
Joined OTCQB
08/2017
SIC - Industry Classification
3822 - Environmental controls
Incorporation Information
BC, CA, 2011
Employees
15 as of 01/01/2025
Shell
No
Products and Services

SHARC systems, which are internationally patent pending, can filter high volumes of wastewater flow for the purposes of extracting or rejecting thermal energy from or into wastewater. These systems are customer specific and typically paired with a heating or cooling process enabler such as a heat pump, air handler, chiller, etc. that are sold separately. The mix of models, scope and geography of each project impacts the overall sales revenue and margin. Examples of SHARC system projects would be, but not limited too, wastewater energy-based district energy, micro-grids, large commercial and mix-use building developments and industrial applications like food processing, pulp and paper and textiles manufacturing. A PIRANHA system, which is a self-contained wastewater heat pump, can offset electric or natural gas boilers used in hot water production up to 100% while providing some air conditioning as a by-product of hot water production. These systems come in three sizes and two models and are sized accordingly based on the hot water demand for the implementation. A PIRANHA system requires a wastewater storage tank and solids pump that flows wastewater systematically through the PIRANHA to produce hot water. These systems are applicable for new build or retrofit implementations. Examples of PIRANHA system projects would be, but not limited too, an apartment building, hotel, commercial laundry, breweries, and recreational and senior facilities and some industrial applications.

Company Facilities

The Company has a warehouse and office facility that totals 10,568 feet that it uses as its primary head office and production facility. SHARC Energy utilizes contract manufacturing partners for any additional production capacity needs.

Company Notes
Formerly=International Wastewater Sys Inc until 9-2017
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The Company Profile data was verified by the issuer within the previous 6 months.
This company has certified to OTC Markets Group that it is eligible to rely on the exemption from registration under Securities and Exchange Act Rule 12g3-2(b).
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The Company’s board of directors includes at least two Independent Directors.
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