SAN LEANDRO, Calif.--(BUSINESS WIRE)--Mar. 18, 2015--
Recovery Inc. (NASDAQ:ERII), the leader in pressure
energy technology for industrial fluid flows, today announced a $650,000
desalination OEM order from Degremont Iberia, S.A. (“Degremont”), a
company focused on the production of drinking water from groundwater or
surface water in industrialized countries.
This current retrofit installation is taking place at the IDAM Las
Americas plant in Tenerife, part of Spain’s Canary Islands. Degremont
will be installing Energy Recovery’s most reliable and efficient PXQ-300
devices along its seawater reverse osmosis (SWRO) trains in addition to
its booster pumps. Energy Recovery already collaborated with Degremont
on many projects around the world, including in the mega-sized, 52
million gallons per day Barcelona
(Llobregat) Desalination Plant, which installed about 250 PX
Pressure Exchanger energy recovery devices.
The order shipped to the plant earlier this quarter, and the retrofit is
scheduled to be completed by the end of 2015.
Chief Financial Officer, Mr. Joel Gay, stated, “We are pleased to build
upon our successful partnership with Degremont, a leader in building
best-in-class plants, with more than 10,000 successful projects
globally. This is the result of our After-Market group’s continued
expansion into retrofit projects. While we are still cautious in
evaluating the prospects of larger projects in desalination, we have
seen steady improvement in both OEM and After-Market sales. We intend to
continually seek new opportunities to utilize our technology to make
end-user operations efficient and affordable.”
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 future
opportunity growth in OEM and After-Market opportunities 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.
Alex Dolan, +1.510.746.2574
Equity Group Inc.
Adam Prior, +1.212.836.9606