Investor Relations

Investor Relations

News Release

<< Back


11/05/07

New Chief Financial Officer at ERI


ERI’s new Chief Financial Officer, Tom Willardson Joins San Francisco Bay Area’s Leading Energy Recovery Device Manufacturer
By: Audrey Bold (November 5, 2007)

San Leandro, Calif., November 5, 2007 – Energy Recovery, Inc. (ERI®), the global leader of ultra high efficiency energy recovery products and technology hires new leader to head financial operations. Tom Willardson, a seasoned, proven Chief Financial Officer accepts the position to direct future financial decisions for one of Northern California’s fastest growing environmental companies and energy savings device manufacturer.

With over 30 years of financial experience in leading efforts for public and private equity investments, international contract negotiations and investor relations management, Tom Willardson brings a unique blend of hands on and executive financial management knowledge to ERI. His career includes working with billion dollar multinational engineering and construction companies such as Bechtel Corporation and Fluor Daniel in which Tom was active in project financing, corporate finance, negotiating government contracts, and private equity investing. While at ERI, Tom will be responsible for all areas of finance and accounting including cash management, tax, international and domestic contracts and all areas of investor relations and management of outside auditors.

GG Pique, ERI President and CEO stated, “We feel very fortunate to have Tom on our team. He brings a wealth of financial knowledge and practice to our company. The entire ERI organization is looking forward to a bright future together. “

Earlier this year, ERI was awarded the Global Water Awards 2007 Environmental Contribution of the Year by desalination industry leaders. In addition, the Company was named the 2006 and 2007 U.S. ExportImport Bank and US Commerce Department’s “Environmental Exporter of the Year,” an honor awarded for its technological leadership and innovation in bringing cost effective desalination to nations around the globe. The San Leandro, California based company also received the European Desalination Society’s prestigious Sidney Loeb Award for outstanding innovation in 2006.

Currently, ERI’s patented PX technology is making costefficient desalination of seawater possible in over 30 countries worldwide, covering six continents.

About ERI®
Energy Recovery, Inc. (ERI) is the global leader in high efficiency energy recovery products and technology. Our PX Pressure Exchanger® (PX) energy recovery device is making desalination affordable. The PX device is rotary positive displacement pump that recovers energy from the highpressure waste stream of SWRO desalination systems at up to 98% efficiency with no downtime or scheduled maintenance. Since its introduction in 1997, PX technology has emerged as the industry standard solution for SWRO desalination. There are currently over 6,000PX units installed or contracted in SWRO plants worldwide, significantly reducing the cost to produce over 5.2 million cubic meters (1.4 billion US gallons) of fresh water per day, and saving customers an estimated 500 MW of energy or over $350 million a year in operating costs.

ERI’s headquarters is situated in the San Francisco Bay Area; San Leandro, California USA with offices around the globe including: Sunrise, Florida; Madrid, Spain; Dubai, UAE; Shanghai, China; and service representatives in Sydney, Australia, India, Korea, North Africa, Mexico, Taiwan and the Caribbean. For more information, please go to www.energyrecovery.com.