- SHARC International Systems (SHRC) has been chosen to be part of the Canadian Government’s Clean Tech Accelerator program
- Through the CTA program, the company will market Canada’s leading clean technology businesses to global markets
- Only nine Canadian companies were selected for the five-month program, which will focus on business opportunities in south-east Asia
- This will allow the company to build potential investments, projects, partnerships, and sales in Singapore, Vietnam, Malaysia, and the Philippines
- SHARC International Systems is up 13.79 per cent and is currently trading for C$0.33 per share
SHARC International Systems (SHRC) has been chosen to be part of the Canadian Government’s Clean Tech Accelerator program.
The CTA program is designed to support the international scale-up of high-potential Canadian businesses from various industries. These include clean technology, life sciences, and digital and information communication technologies.
Since 2013, the program has had 574 participants, helped to garner million in both capital and revenue, and facilitated thousands of partnerships and new jobs.
Through this latest round of the CTA program, SHARC Energy will market Canada’s leading clean technology companies to global markets. Only nine Canadian companies were selected for the five-month program, which will focus on business opportunities in south-east Asia.
The Canadian Trade Office in Singapore will help these chosen companies to access various opportunities in Singapore, Vietnam, Malaysia, and the Philippines. These include potential investments, pilot projects, partnerships, and long-term sales agreements.
As many of these countries are located in one of the world’s hottest areas, SHARC Energy’s wastewater energy recovery technology is likely to appeal to markets there.
SHARC Energy’s CFO, Hanspaul Pannu, commented on the company’s selection for the CTA program.
“We are honoured to have been chosen by the Canadian Technology Accelerator to bring our technology to global markets,” he said.
“By recovering or rejecting the thermal energy from the wastewater we send down the drain every day, our made-in-Canada technology will have a significant role in reducing a building’s energy costs and its carbon footprint,” he added.
SHARC International Systems is up 13.79 per cent and is trading for C$0.33 per share, as of 12:45pm EST.
