SHARC International To Install Wastewater Heat Recovery System in Australian Hotel Chain

Vancouver-based SHARC International Systems announced that its Australian distributor Environmental Technology Solutions Pty. Ltd. has received its first purchase order for one of its PIRANHA™ wastewater heat recovery systems. It will used by one of Australia's largest hotel operators.

Vancouver, British Columbia (GLOBE NEWSWIRE) --

On October 26, 2017, the Company announced a strategic Licensing Agreement (“Agreement”) with ETS of Australia, for the commercialization of its PIRANHA™ and SHARC™ wastewater heat recovery systems in Australia and New Zealand. The Licensing Agreement gives SHARC a platform to launch its products throughout Australasia and to strengthen its first mover advantage in all parts of the world.

Pursuant to the Agreement, SHARC received this initial purchase order from ETS. The order is intended to supply one of Australia’s largest hotel operators, Meriton Property Services Pty Ltd (“Meriton Suites”), with one PIRANHA wastewater heat recovery system that will provide immediate and long-term economic and environmental savings.

Meriton Suites is owned & operated by Meriton Property Services Pty Ltd and has 17 establishments and a total of 4,469 suites, making it Australia’s largest owner of hotel rooms. 

“Following October’s announcement of our Licensing Agreement with ETS, receiving the first purchase order from ETS marks an important milestone in our sales and deployment strategy to strengthen our first to market advantage in all parts of the world,” said Lynn Mueller, CEO of SHARC. “We are very pleased to be working with Australia’s top environmental solutions company, ETS, and look forward to many more sales in 2018.” 

“We are extremely excited, not only to be the holder of the license in Australia and New Zealand for this unique technology but to be involved with the team at SHARC International Systems,” said Philip Mitchell, Director ETS. “This order represents a significant milestone for the SHARC technology in this market. Meriton Suites are the largest apartment builders and owners in Australia so the sale of this system will be a catalyst for future sales. We have no doubt that this will be the first of many, many systems that will be installed here.”