SHARC Helps Borders College Win Prestigious Industry Award
VANCOUVER, Canada — Sharc International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or “the Company”) is pleased to announce that the Company’s revolutionary SHARC™ wastewater heat exchange system has helped Borders College win a top award at the prestigious Green Gown Awards.
Established in 2004, the Green Gown Awards recognize the exceptional sustainability initiatives being undertaken by universities and colleges. With sustainability becoming increasingly important, the Awards have become established as the most prestigious recognition of best practice within the further and higher education sector.
The Green Gown Awards’ Best Newcomer Award was won for the work Borders College did alongside SHARC and Scottish Water Horizons.
In December 2015, Borders College in Galashiels, Scotland, became the first organization in the UK to benefit from a wastewater heat exchange system. Backed by investment from Equitix and the UK Green Investment Bank, the SHARC™ system intercepts wastewater from the adjacent town sewer line operated by Scottish Water.
SHARC™ technology extracts the natural warmth contained within this water and transfers the heat to the clean side of the heating system via a heat exchange mechanism. The recovered heat is then amplified via heat pumps to generate the appropriate temperatures for use in buildings. The heat produced is sold to Borders College under a 20-year heat purchase agreement, producing significant savings in energy, costs, and carbon emissions.
The system now provides around 95 percent of the heat needed by the Galashiels campus and does not impact the normal operation of the local wastewater network.
Russ Burton, Chief Operating Officer of SHARC said: “We are delighted to have won this award alongside Borders College and Scottish Water Horizons. This is a great example of how strong relationships, shared vision and great working partnerships can come together to make a significant impact for all of the parties involved. We are really looking forward to helping the college achieve their next level in carbon reduction activity over the next two years.”
Pete Smith, Vice Principal, Finance and Resources, at Borders College said: “The College is absolutely delighted to be recognized as a finalist in the Green Gown Awards, but to win the Best Newcomer Award for our SHARC project is absolutely fabulous. It shows what a small institution can achieve when working in partnership with like-minded organizations, benefitting not only the institution itself but society more widely.”
Scottish Water Horizons, a subsidiary of public utility Scottish Water, supports the development of a sustainable economy in Scotland and played a key role in turning the project into reality.
Scottish Water Horizons’ Business Development Manager, Donald MacBrayne, said: “We are delighted to have played a part in this winning project, contributing to significant cost and carbon savings for the college and bringing with it wider environmental benefits. The Borders College installation is just the beginning for heat from wastewater schemes in Scotland and, working alongside SHARC, we are actively rolling out more of these innovative projects, with several scheduled for completion next year.”
About Sharc International Systems Inc.
Sharc International Systems is a world leader in thermal heat recovery. Its systems recycle thermal energy from waste water, generating the most energy-efficient and economical systems for heating, cooling and hot water for commercial, residential and industrial buildings.
ON BEHALF OF THE BOARD
Chairman and Chief Executive Officer
For further information, please contact:
Phone: +1 (604) 475-7710
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of 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’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 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 as a result of new information, future events or otherwise, except as required by applicable securities legislation.