SAN LEANDRO, Calif., Jun 08, 2010 (BUSINESS WIRE) --Energy Recovery Inc (NASDAQ:ERII), a leader in the design and development of energy recovery devices for desalination, today announced that the company has been chosen by The Artemis Project(TM) as a winner of the 2010 Top 50 Water Companies Competition. This award distinguishes Energy Recovery as a leader in one of the greatest high-growth industries of the 21st century. Lauded for its industry-leading isobaric energy recovery devices that significantly reduce the energy consumption and overall cost of seawater reverse osmosis (SWRO) desalination, Energy Recovery was selected by a panel of industry experts based on four criteria: technology, intellectual property and know-how, team and market potential.
"The Artemis Project's Top 50 Water Companies Competition winners have excelled in key areas of the emerging advanced water technology sector," said Laura Shenkar, principal of The Artemis Project. "We are excited to showcase these innovative companies and congratulate them for their achievements in creating solutions that will reinvent the water landscape."
Energy Recovery's Pressure Exchanger(TM) (PX(TM)) devices operate at up to 98 percent efficiency and reduce the energy consumption of SWRO systems by up to 60 percent, making desalination a cost-effective solution for clean water supply. PX devices also reduce the carbon footprint of desalination, saving more than 900 MW of energy and reducing CO2 emissions by more than 4.7 million tons per year worldwide. More than 10,000 of Energy Recovery's devices are currently deployed or under contract to be installed at desalination plants across the globe.
"Being selected as a Top 50 Water Company by the prestigious Artemis Project is further validation that Energy Recovery's technology continues to make desalination an economically viable solution to global water scarcity," said G.G. Pique, president and CEO of Energy Recovery. "Our PX devices have set the industry standard when it comes to isobaric energy recovery devices, and we are committed to continue innovating to enhance our existing products, expand our offerings and help deliver safe, potable water to areas in dire need of a sustainable fresh water source."
The Artemis Project Top 50 winners will be honored today at the BlueTech Innovation Forum, held at the Renaissance Stanford Court Hotel in San Francisco. Please visit www.theartemisproject.com/competitionpage.html for a full list of the Artemis Project 2010 Top 50 Water Companies Competition winners.
About The Artemis Project(TM)
Established in 2000, The Artemis Project(TM) is a boutique consulting practice that brings unique capabilities to 21st century water management. It combines an understanding of the most advanced water resource management solutions with an international network of developers, investors and users of advanced water technology. As the leading authority on applying advanced water solutions to business operations, The Artemis Project(TM) specializes in developing holistic water management strategies for major corporations. The Artemis Project(TM) also supports product launches of advanced water technology into business operations worldwide. The Artemis Project(TM) actively participates in water industry events and supports environmental policy initiatives. More information is available at http://www.theartemisproject.com.
About Energy Recovery Inc
Energy Recovery Inc (NASDAQ:ERII) designs and develops energy recovery devices that help make desalination affordable by significantly reducing energy consumption. Energy Recovery technologies include the PX Pressure Exchanger(TM) (PX(TM)) device for desalination and the Turbocharger hydraulic turbine energy recovery device and pumps for desalination, gas and liquid processing applications. In total, Energy Recovery helps reduce CO2 emissions by more than 4.7 million tons per year and produce 1.6 billion gallons of potable water per day. The company is headquartered in the San Francisco Bay Area with offices in Detroit and in key desalination centers worldwide, including Madrid, Shanghai and the United Arab Emirates. For more information about Energy Recovery Inc, please visit www.energyrecovery.com.
SOURCE: Energy Recovery, Inc.
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