SHARC Energy announces Manufacturer Representative Agreement with California Hydronics Corporation

VANCOUVER, May 05, 2020 (GLOBE NEWSWIRE) -- SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) and its subsidiary SHARC Energy Systems Inc. ("SHARC" or the “Company”) are pleased to announce it has signed California Hydronics Corporation (“CHC”) to a Manufacturer’s Representative Agreement (“MRA”) to become a representative (“Representative”) of SHARC products such as the Piranha, Piranha HC and the SHARC system in Alaska, Washington, Oregon, Idaho, Montana, Northern California (north of San Luis Obispo/Kern/San Bernadino county lines) and Nevada.

CHC serves the mechanical and plumbing trades industry as a manufacturer representative of hydronic heating/cooling, steam, heat transfer, plumbing and HVAC equipment. Based out of Hayward, California, their 45,000 square-foot facility boasts warehouse and office space and a manufacturing and fabrication facility. They have additional 5,000 square-foot facilities in Rocklin and San Jose, California, and Reno, Nevada. Furthermore, CHC has offices in Vancouver, Seattle and Spokane, Washington, which provides access to business in Oregon, Washington and Montana, as well as offices in Boise, Idaho and Anchorage, Alaska. Finally, through its CHC Pacific division, it markets and sells products for overseas projects, concentrating on Guam, Federated States of Micronesia, South Pacific and US military installations in Japan and South Korea. CHC remains committed to providing the highest level of value and expertise to their partners.

SHARC is excited to add a highly qualified, reputable and long-standing Representative to promote and sell its products in key target markets. CHC is dedicated to actively train and seek product knowledge of SHARC technology in their quest to become an expert in waste water heat recovery. Their commitment is evidenced by the six early stage deals in their pipeline involving SHARC products. As the relationship continues, SHARC and CHC will continue to work together to grow SHARC technology in these massive economic and progressively eco-friendly markets along the Pacific Coast of North America.

In July 2019 in Northern California, Berkeley passed the first natural gas in new buildings ban beginning in 2020. Since then, more than 20 other local governments in California have passed similar measures including West Hollywood, San Jose and Santa Monica. This policy change is evidencing the building electrification movement is growing rapidly in the 5^th largest economy in the world.