SHARC International Systems Inc. (CSE: SHRC) announced on October 22, 2026 that it has received a purchase order valued at over $5 million from the City of Surrey — the largest in the company's history. The order, secured through a competitive procurement process, is approximately twice the size of SHARC Energy's previous largest contract. The deal will see the company supply three SHARC 880 Wastewater Energy Transfer systems delivering 6 megawatts of thermal capacity to Surrey City Energy, the City's district energy utility, making it a significant commercial milestone investors may be watching closely.

Key Points

  • SHARC International Systems Inc. (CSE: SHRC, OTCQB: INTWF, FSE: IWIA)
  • Record purchase order exceeding $5 million received from the City of Surrey for a District Energy Sewer Heat Recovery Project
  • Order will add over $5 million to the company's Sales Order Backlog in Q4 2026; revenue expected in the second half of 2027 and into 2028
  • Investors may watch for progress on equipment fabrication planned for late 2027 to early 2028 and updates on capital solutions being explored

Record Surrey Contract Doubles SHARC Energy's Previous Largest Order

The purchase order, completed October 22, 2026, surpasses all prior contracts in SHARC Energy's history and is approximately twice the value of the company's previous largest order. The project will add over $5 million to the company's Sales Order Backlog in the fourth quarter of 2026, with associated revenue subject to project delivery and performance of contractual obligations. The company notes that Sales Order Backlog is a non-IFRS measure. Revenue from the project is expected to be recognised in the second half of 2027 and into 2028, based on the current project schedule.

SHARC 880 Systems to Process 12,000 Litres of Wastewater Per Minute in Bridgeview

SHARC Energy will supply three SHARC 880 Wastewater Energy Transfer systems to recover thermal energy from a Metro Vancouver regional sewer main in Surrey's Bridgeview neighbourhood. The systems will screen wastewater and transfer heat to an ambient-temperature loop connecting to heat pumps at the West Village Energy Centre, approximately two kilometres away. The installation is designed to process approximately 12,000 litres of wastewater per minute and is engineered for phased expansion to approximately 27 megawatts as district energy demand grows, with any additional equipment subject to future procurement.

Multi-Government Support Underpins Surrey City Centre Heating Goals

The project is supported by the Government of Canada, the Province of British Columbia, Metro Vancouver, and BC Hydro. The City of Surrey expects the facility to supply more than half of Surrey City Centre's annual heating needs, reducing reliance on natural gas across a district energy network that already serves 49 buildings. Equipment fabrication and delivery are planned for late 2027 to early 2028, followed by facility construction and commissioning. SHARC Energy's scope covers start-up, commissioning, operator training, technical support, and remote monitoring through the SHARC platform.

SHARC Energy Explores Capital Solutions to Support Project Delivery

Alongside the Surrey contract, the company disclosed it is working with third parties to explore capital solutions to support delivery and sustainable growth. Management stated its commercial focus will remain on customer engagement and disciplined management of the sales process. The Surrey project adds to SHARC Energy's existing district energy portfolio, which includes the Sen̓áḵw Energy System in Vancouver, the False Creek Neighbourhood Energy Utility, the National Western Center in Denver, and the Alafia development in Brooklyn. The immediate share price impact was not clear from available public information.