Large Scale Seawater Desalination Project to Produce 200,000 Cubic Meters Per Day (52.8 Million US Gallons) of Fresh Water
SAN LEANDRO, Calif.--(BUSINESS WIRE)--Dec. 9, 2008--Energy
Recovery, Inc. ("ERI") (NASDAQ:ERII),
a global leader of ultra-high-efficiency energy recovery products and
technology for desalination, announces the award of another large-scale
energy recovery contract for seawater reverse osmosis (SWRO)
desalination in Algeria. The Souk Tleta SWRO Desalination Plant, located
in Tlemcen in Northwestern Algeria, will have a total capacity of
200,000 cubic meters per day (m3/day) (52.8 million US
gallons per day (MGD)). The plant is slated to begin operation in the
first half of 2010.
The Souk Tleta plant is being built by the Singapore-based company Hyflux
on a 25-year build, own, operate and transfer (BOOT) basis. It will
provide desalinated seawater to the Algerian Energy Company (AEC), the
state-owned national water entity of Algeria. Under the contract, ERI
will supply the plant with 260 PX-220 energy recovery devices that will
save an estimated 21 MW of energy.
Earlier this year, Hyflux
also contracted ERI's PX
technology for the 100,000 m3/day (26.4 MGD) Tianjin
desalination project. This is the largest desalination project
contracted in China to date.
Borja Blanco, ERI's GM and VP, Mega Projects Division, stated, "This is
a significant award for us in that we are able to provide our client
with maximum energy savings which results in the lowest life-cycle
costs. Our technical staff works closely with all involved to ensure
that the project achieves or surpasses the energy recovery expectations."
Energy Recovery, Inc. (ERI) is a leading manufacturer of energy recovery
devices which help make desalination affordable by significantly
reducing energy consumption. ERI's PX Pressure Exchanger(R) (PX(R)) device
is a rotary positive displacement pump that recovers energy from the
high pressure reject stream of SWRO systems at up to 98% efficiency with
no downtime or scheduled maintenance.
The company has research, development and manufacturing facilities in
the San Francisco technology corridor as well as direct sales offices
and technical support centers in key desalination hubs such as Madrid,
UAE, Shanghai and Florida. ERI service representatives are based in
Algeria, Australia, China, India, Korea, Mexico, Taiwan and the
For more information on ERI and PX technology, please visit www.energyrecovery.com.
Note on Forward Looking Statements
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include statements regarding the timing of
plant construction, availability of financing for new desalination plant
construction, and the timing of obtaining various government approvals.
Because such forward-looking statements involve risks and
uncertainties, the Company's actual results may differ materially from
those projected in such forward-looking statements. Factors that could
cause actual results to differ materially include, but are not limited
to, delays or postponements in the construction of desalination plants,
the ability of our customers to obtain other key components of a plant,
delays in governmental approvals, changes in customers' budgets for
desalination plans and the timing of their purchasing decision, and
other risks detailed in the Company's filings with the Securities and
Exchange Commission (SEC). All forward-looking statements are made as of
today, and the Company assumes no obligation to update such statements.
For more details relating to the risks and uncertainties that could
differ materially from those anticipated in our forward-looking
statements, please refer to the Company's SEC filings, including its
Form 424(b)4 Prospectus filed on July 2, 2008, and in particular, the
risk factor sections of such filings.
Energy Recovery Inc.
Source: Energy Recovery, Inc.