The PIRANHA WET system is a self-contained electric heat-pump system that will efficiently recover the thermal energy from the water that goes down the drain in a building daily and utilize it to provide up to 100% of a building’s hot water demand while reducing up to 100% of the carbon emissions associated with traditional hot water heating. On average, for every
Pontus is an agricultural technology company that is reinventing agriculture with their proprietary Closed Environment Vertical Aquaponic System (“CEVAS”) which helps the company specialize in indoor vertical farming of water lentils that use 95% less water than traditional agriculture, using no pesticides or chemicals, grown and harvested every 24 hours, exceed organic certification and can be grown in any climate in a relatively small area.
Sustainability is very important to Pontus as demonstrated by the recycling and reuse of 95% of the water it uses in the water lentil growing and processing at their facility. This focus on sustainability is what attracts Pontus to the PIRANHA.
“Sustainability is at our core and we are excited to work with SHARC to integrate their highly efficient heat pump system to reduce our impact on the environment,” says
“Working with sustainably conscious companies is a perfect fit for SHARC,” says
The LOI will remain in place until the earlier of a purchase order being issued or six months from the date of the LOI.
About SHARC Energy
SHARC Energy is publicly traded in
Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA
About
This is our future – the future of farming;
Learn more about Pontus: Website | Investor Page | LinkedIn | YouTube | Twitter
ON BEHALF OF THE BOARD
Chairman and Chief Executive Officer
For investor inquiries, please contact: | For media inquiries, please contact: |
Hanspaul Pannu | |
Chief Financial Officer | Director of Marketing and IT |
SHARC Energy | SHARC Energy |
Telephone: (604) 475-7710 ext. 4 | Telephone: (604) 475-7710 ext.109 |
Email: hanspaul.pannu@sharcenergy.com | Email: mike.tanyi@sharcenergy.com |
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c02565b-24c9-4160-a9d1-1617e6749151
![](https://ml.globenewswire.com/media/ODE5OTE5NDMtZmQ1MS00NzFkLTk1N2ItZTY1ODE5ODc0YmU0LTExMDU0MzA=/tiny/Sharc-International-Systems-In.png)
PIRANHA
![](https://ml.globenewswire.com/media/1c02565b-24c9-4160-a9d1-1617e6749151/medium/piranha.jpg)
Pictured here is a PIRANHA installation at Seven35 in North Vancouver, B.C.
2022 GlobeNewswire, Inc., source