SHARC Energy Ships to Australia — to Lower Energy Costs and Carbon Footprint of Seniors Living Facility in Nation’s Capital

VANCOUVER, British Columbia, Sept. 01, 2020 (GLOBE NEWSWIRE) -- An award-winning Australian not-for-profit is taking delivery of a SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the “Company”) wastewater heat recovery system for its development of a seniors’ independent living village in Canberra, Australia’s capital.

The PIRANHA system, which recovers the valuable energy from water that goes down the drain in buildings every day, is part of SHARC Energy’s global commercialization initiative. The PIRANHA will recover energy for Farrer Village by Goodwin, a 169-unit independent living apartment facility that has decided to lower its carbon footprint and save money on heating by recovering energy normally lost in forgotten wastewater.

“As the population continues to age, senior facilities will grow in numbers and so will their energy use and costs,” said SHARC Energy CEO and Chairman Lynn Mueller. “We are excited to work with highly reputable organizations such as D Group and Goodwin to help lower energy use in senior facilities, lowering their carbon footprint and helping seniors-care facilities reduce their energy costs.”

Goodwin Aged Care Services (“Goodwin”) has been supporting seniors with quality care and accommodation for more than 65 years. Goodwin, which is seeking to lower the carbon-footprint of its buildings, is a not-for-profit that is the largest and longest-standing aged-care provider in the Australian Capital Territory (“ACT”).

SHARC Energy’s PIRANHA system, designed for use in a variety of industrial, commercial and multi-family residential building applications, will capture the heat in the residential building’s wastewater and then use it to heat the hot water for showers, laundry, sinks, dishwashers and sanitation practices. This will reduce energy use and energy costs for owners and residents of the development.

The Farrer Village by Goodwin development is being managed by D Group, a civil, hydraulics and management specialist company operating within Canberra, ACT and Australia. Founded in 1999, D Group has grown from a local hydraulics company to Canberra’s market leader in integrated civil, hydraulics and management projects.

This project marks the first Seniors Living facility installation that PIRANHA will be a part of and highlights a key sales vertical that can benefit from SHARC technology. This also marks the second PIRANHA installation in Australia.