SHARC Energy Announces Fourth Quarter and Fiscal Year 2020 Financial Results - Seite 2

Congresswoman Marcy Kaptur visit to DC Water. U.S. House Representative Marcy Kaptur, Chairwoman of the House Appropriations Subcommittee on Energy and Water Development, toured the U.S. capital’s DC Water Headquarters (“DC Water HQ”) on March 9, 2021. “I have never seen a technology that could have as positive of an impact on energy as what I have seen at the DC Water HQ,” said Congresswoman Kaptur after her visit.

Conversion of Convertible Debt Face Value of $2.21M. During Fiscal 2020 and subsequently to date, the Company has converted $2.21M of convertible debt.

“The Company has made significant progress in strengthening its balance sheet and positioning SHARC Energy for the market growth anticipated by climate action policy and regulation,” says Hanspaul Pannu, Chief Financial Officer of SHARC Energy, “We entered 2021 with $3.3M of working capital, providing enough capital for the Company to focus and invest in growing its Sales Pipeline while continuing to advocate for the opportunities wastewater presents for low carbon and energy efficient heating and cooling.”

About SHARC Energy  

SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & 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.

Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA

ON BEHALF OF THE BOARD

Lynn Mueller
Chairman and Chief Executive Officer

For investor inquiries, please contact:	For media inquiries, please contact:
Hanspaul Pannu	Mike Tanyi
Chief Financial Officer	Director of Marketing and IT
SHARC Energy	SHARC Energy
Telephone: [phone] ext. 4	Telephone: [phone] ext.109
Email: [e-mail]	Email: [e-mail]

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.