SAN LEANDRO, Calif.--(BUSINESS WIRE)--Feb. 3, 2015--
Recovery Inc. (NASDAQ:ERII), the leader in pressure energy
technology for industrial fluid flows, today announced that it has
received awards for projects utilizing its PX Pressure Exchanger
Technology. The two orders are expected to total over $2.0 million.
The first project is 45 PX-Q300’s for a municipal desalination project
for Veolia, a French transnational company with activities in four main
service and utility areas traditionally managed by public authorities –
water supply and management, waste management, and energy and transport
The second is with Metito, a leader in water management solutions with a
global project portfolio in excess of US$1 billion. The desalination
plant is located in Egypt and provides more than 11 million gallons of
fresh water per day.
Hans Peter Michelet, Chairman of the Board, stated, “We are pleased that
our sales force has continued to leverage longstanding customer
relationships to continue driving business, despite economic headwinds
affecting many larger water projects. We have worked with Veolia and
Metito for several years, and believe we continue to win business based
on the competitive advantages our technology provides to our customers
in the form of reliability, efficiency and overall total plant
performance. We look forward to continuing to cultivate these
relationships in the years to come.”
Energy Recovery’s PX Pressure Exchanger and AT TurboCharger technologies
are the most efficient and reliable solutions on the market in energy
recovery for desalination. This award-winning family of products is
unmatched in the industry and is widely adopted around the world for
seawater desalination projects, both large and small.
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 Bay Area, Energy
Recovery has offices in Madrid, 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 the
expected shipment date of the PX energy recovery devices 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.
Source: Energy Recovery Inc.
The Equity Group Inc.
Senior Vice President