SAN LEANDRO, Calif.--(BUSINESS WIRE)--Aug. 17, 2015--
Recovery Inc. (NASDAQ:ERII), the leader in pressure energy
technology for industrial fluid flows, today announced a $1.8 million
deal to supply its PX Pressure Exchanger® technology for a
desalination plant in Morocco. The Company expects the order to ship in
the fourth quarter of 2015.
The Pressure Exchangers will be installed by Morocco’s National Power
Drinking Water Office (ONEE), which will process 100,000 cubic meters of
water per day. They will be using PX-Q300 units, the highest-performing
energy recovery devices available on the market.
The plant is being developed under ONEE as the first public-private
partnership system, and will produce water for 500,000 people. The
plant’s capacity could potentially be doubled in the future. Energy
Recovery estimates that the plant will save 10.5 MW in power equivalent
to 92 GWh per year in energy savings. The plant will also reduce its CO2
footprint by 54,200 tons per year.
Energy Recovery’s President and CEO Joel Gay stated, “We are proud to
proliferate the use of our technology in the Middle East and North
Africa region, which has some of the greatest need for desalination
solutions. The plant represents not only a significant deployment of our
Pressure Exchanger, but also the potential to, over time, expand to an
additional 100,000 cubic meter facility. In this single site, we are
grateful for the current opportunity and optimistic about its future
About Energy Recovery
Energy Recovery (NASDAQ:ERII) develops award-winning solutions to
improve productivity, profitability, and energy efficiency within the
oil & gas, chemical, and water industries. Our products simplify complex
systems and protect vulnerable equipment. By recycling fluid pressure
that would otherwise be lost in critical processes, we save clients more
than $1.4 billion (USD) annually. Headquartered in the San Francisco Bay
Area, Energy Recovery has offices in Shanghai and Dubai.
This press release contains forward-looking statements that reflect
management's current expectations, assumptions and estimates of future
performance and economic conditions. Such statements are made in
reliance upon the safe harbor provisions of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. The company cautions investors that any forward-looking statements
are subject to risks and uncertainties that may cause actual results and
future trends to differ materially from those matters expressed in or
implied by such forward-looking statements. Statements about our
expectations as to shipment timing are forward-looking and involve risks
and uncertainties. Energy Recovery disclaims any intention or obligation
to update or revise any forward-looking statements, whether as a result
of new information, future events, or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150817005922/en/
Source: Energy Recovery
For Energy Recovery
Equity Group Inc.
Adam Prior, +1-212-836-9606