Shares of This Micro Cap Jump 38% on $3.7M Equipment Order Surge

2026-02-04 11:04:16 ET

Amid mixed signals surrounding Canadian and U.S. economic activity, including a softer-than-expected ADP private payrolls report this morning, one micro-cap company underscored the strength of its business momentum by announcing a significant increase in new equipment orders and a growing backlog. The update helped drive strong investor interest, sending the company’s shares sharply higher on the day.

SHARC International Systems Inc. (CSE: SHRC) (OTCQB: INTWF) announced earlier this morning that it has secured about $3.7 million in new equipment orders for its Wastewater Energy Transfer (WET) technology, more than doubling its previously reported sales order backlog since early December 2025. The new orders increase the company’s total backlog to approximately $7.1 million, excluding any shipments or adjustments made since the third quarter of 2025. Management says the growing backlog reflects steady business momentum and continued progress converting opportunities into commercial wins.

The latest projects span a range of sectors and regions, including a district energy initiative in Vancouver, a major airport on the U.S. West Coast, and a senior multi-family housing retrofit in Staten Island, highlighting expanding market reach and diversified demand. The company believes rising awareness of decarbonization-focused thermal energy solutions and a strengthening sales pipeline are helping drive growth, noting that historically, most backlog converts into revenue within about a year depending on project timelines.

“These orders validate what we have been communicating to the market over the past several years,” said Michael Albertson, CEO and President of SHARC Energy. “SHARC Energy’s WET technology continues to gain adoption across both our core new build multi-family residential markets and new adjacent market sectors, as owners, developers, and operators seek proven, scalable solutions to reduce energy waste, electrify thermal loads, and improve overall system resilience.”

Shares of SHRC are currently up 38.46% at $0.09, while its U.S.-listed counterpart, INTWF, is down 5.81% at $0.06. However, the decline in INTWF reflects only a limited number of trades so far today.

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