San Leandro, U.S.A., Mar 26, 2012 (Thomson Reuters ONE via COMTEX) --SAN LEANDRO, Calif., March 26, 2012-Energy Recovery Inc (NASDAQ:ERII), a global leader in the design and development of energy recovery devices for desalination and other industrial processes, today announced that there was an error in the press release titled, "Egyptian Armed Forces Tap into PX Technology for Country's Largest Desalination Facility" which was distributed on March 22, 2012.
Reason for the correction:
Original release stated the date as March 20, 2011, the correct date is March 22, 2012.
Updated Press Release:
SAN LEANDRO, Calif., March 22, 2012-Energy Recovery Inc (NASDAQ:ERII), a global leader in the design and development of energy recovery devices for desalination and other industrial processes, today announced that the Egyptian Armed Forces will purchase its industry-leading PX Pressure Exchanger(TM) (PX) devices for the largest desalination plant in Egypt. The plant is scheduled to produce water by 2013. The region, plagued by excessive drought and political turmoil is building a new desalination facility that will be twice as large as Egypt's largest desalination plant built to date.
The project, designed and built by Spanish company, DESALIA, S.L., will secure a water supply for the region. DESALIA, one of the leaders in small and medium size seawater RO units, has used PX devices in many of its 38 plants installed to date, outside of Spain. The selection of ERI and its leading PX-300 technology ensures that water needs will be met reliably, and with the most energy efficient technology available. The plant will be located in Marsa Matrouh in the north-west region of Egypt bordering Libya, with a total capacity of 24,000 cubic meters/day (5.5 million gallons/day).
"The desalination industry experienced a slowdown in the Middle East due to unrest in the region. It is nice to see that a significant project is underway in Egypt, as it might indicate stabilization in the area. We are very pleased that the Army selected ERI's technology for the largest desalination project ever built in Egypt," said Tom Rooney, chief executive officer of Energy Recovery Inc. "We have been providing PX devices in this region for more than a decade, and we are very pleased to see a project of this size moving forward."
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About Energy Recovery Inc.
Energy Recovery Inc. (NASDAQ:ERII) designs and develops energy recovery devices and pumps that significantly reduce energy consumption for desalination and other industrial processes. In total, Energy Recovery Inc. has more than 12,000 devices installed worldwide, which are estimated to save our clients in excess of one billion dollars in energy costs every year. The company is headquartered in the San Francisco Bay Area with offices in key centers worldwide, including Madrid, Shanghai, and Dubai. For more information about Energy Recovery Inc., please visit www.energyrecovery.com.
Contact Audrey Bold
Energy Recovery Inc.
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Source: ENERGY RECOVERY, INC. via Thomson Reuters ONE