SHARC International Secures a Key Account in the State of Washington
VANCOUVER, British Columbia, Jan. 20, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC" or "the Company") is pleased to
announce that it has secured a Key Account in the State of Washington that has issued a purchase order for two (2) PIRANHA T10 units and one (1) PIRANHA T15 unit. The customer is developing a Net
Zero Energy (“NZE”) building in Seattle, Washington which will be incorporating SHARC wastewater heat recovery technology to help attain that goal.
It is anticipated that as a Key Account, it will require additional units for current and future projects and therefore, they will be provided with preferential Key Account pricing. This Key Account will have a direct relationship with the SHARC sales team and both organizations are working on implementing SHARC wastewater heat recovery technology in upcoming projects.
This is a significant milestone for SHARC as the purchase order and securing of a Key Account validates the completion of the transition from an Energy Service Company (“ESCO”) model referenced in our August 27, 2019 press release, to an Original Equipment Manufacturer (“OEM”) sales model.
Under an OEM sales model, the SHARC sales team will sell SHARC technology directly through Key Accounts or indirectly through its Manufacturer’s Representative (“Dealers”) network with SHARC providing leads to Dealers and supporting Dealers in closing their leads. The Company will also maintain servicing and maintenance control and train and support local service reps to provide maintenance and technical support to customers. Over the course of 2020, the Company will continue to establish Key Accounts and secure new Dealers in regions without SHARC representation.
“Sharc technology is a carbon reduction solution that will help developers significantly towards their goals of Net Zero Energy for their projects,” said Jodi Guthrie, Director of North American Sales. “We are excited to secure a Key Account in Washington State and we look forward to be a significant component of the customer’s sustainability goals for current and future projects.”
The units are anticipated to ship within Q1 2020 with the anticipated sale reported in the three months ended March 31, 2020.
Social Media and Company Outreach Strategy Project
The Company announces it has entered into a Consulting Agreement (“Agreement”) with North Equities (“Consultants”) for the development and implementation of a Social Media and Company Outreach Strategy (“Social Media Project”). The Social Media Project is a 6-month term where North Equities will be focused on organically creating awareness of SHARC to potential customers and the public markets through LinkedIn, Twitter and other social media mediums.