Energy Recovery Chosen as Finalist for 2014 Oil & Gas Awards for New Technology Development of the Year Category in Three U.S. Regions

SAN LEANDRO, Calif., Oct. 20, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in pressure energy technology, announced today that the Company has been selected as a finalist in three regions for the Oil & Gas Awards for demonstrating its innovative work across engineering and technology for its IsoBoost™ and IsoGen™ Systems. The 2014 Oil & Gas Awards is an industry initiative that recognizes organizations that are leaders in their fields. Over 110 senior executives from Midstream and E&P companies judged 410 entries for the West Coast, Midcontinent, and Southwest Oil & Gas Awards across multiple categories. The Awards champion companies that display best practice in the key areas of operational excellence, environmental stewardship, corporate social responsibility and excellence in health & safety, all key areas of public interest where misinformation dissipated by industry critics has been a thorn in the industry's side.

Energy Recovery's commitment to developing innovative technologies is rooted in its 20-year history. And now in the energy sector, the company has filed over 30 patents in the upstream and downstream oil and gas sectors this year alone. By adapting its principal technology to new sectors such as oil & gas and chemical processing, Energy Recovery upholds that invention is at the Company's core.

"We all understand that to produce natural gas and petrochemicals is energy intensive and expensive. And as such, there is a powerful need for our technologies. The past three years have been exciting and invigorating as we returned to our roots as engineering innovators and explore new ways our technology can take on global energy challenges in numerous large industries," says Tom Rooney, CEO of Energy Recovery. "The fact that we are the only finalist to shortlist in three regions for the esteemed Oil and Gas Awards is proof that we are offering transformative new technology – and we are pleased to be listed alongside this impressive list of fellow innovators."

Winners of the regional Oil & Gas Awards for the West Coast, South West and Midcontinent will be announced at the Oil & Gas Awards Gala Dinner in Bakersfield on Tuesday, October 21, in Dallas on Thursday, October 23, and in Oklahoma City on Wednesday, October 29^th. All three events host a day-long Industry Summit held for participating companies and organizations that have an interest in the region.

To learn more about the IsoBoost and IsoGen systems, watch this video.

About Energy Recovery

Energy Recovery (Nasdaq:ERII) develops award-winning innovations that make industrial processes more productive, more profitable and environmentally cleaner. Our simple solutions tap into pressure energy from fluid flows to drive runtime of industrial processes. By recycling otherwise lost pressure energy, we are able to make systems more efficient and reduce overall maintenance costs, with solutions customized to adapt to all conditions. Working in oil & gas, chemical and water industries, more than 15,000 solutions worldwide save clients over $1.4 Billion (USD) every year. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. Learn more at www.energyrecovery.com

CONTACT: Media Contact:
         Kristan Kirsh
         Energy Recovery
         kkirsh@energyrecovery.com
         +1.650.814-1273

Released October 20, 2014