Sharc International Systems Inc. (TSE:SHRC) has released an update.
SHARC Energy has reported a significant year-over-year growth with a $2.3M increase in Sales Order Backlog, now totaling $3.1M, which is anticipated to convert to revenue over the next year, marking a 15% improvement from their highest revenue year in 2021. The company has successfully cleared its debt through equity conversion and is actively engaging with lenders to support further growth, leveraging a strong Sales Order Backlog. Additionally, the appointment of industry veteran Michael Albertson as President of SHARC Energy US is expected to bolster the company’s credibility and growth in the sustainable energy sector.
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