Exhibit 99.3
June 6, 2008
Finance Scholars Group
Two Theatre Square, Suite 218
Orinda, CA 94563
VIA ELECTRONIC MAIL
To Whom It May Concern:
On April 1, 2008, Energy Recovery, Inc. (the Company), a developer and manufacturer of efficient
energy recovery devices utilized in water desalination plants, filed a registration statement on
Form S-1 (the Registration Statement) with the U.S. Securities and Exchange Commission in
connection with its initial public offering.
The Registration Statement (including any amendments thereto) and prospectus that forms a part
thereof include statements that are based upon Finance Scholars Groups review of the Companys
stock option valuations.
The Company requests Finance Scholars Groups consent to the use of its name and statements that
are based upon Finance Scholars Groups valuation analysis. Please evidence your consent to the
foregoing by signing and dating your consent where indicated below and returning a copy of the
executed document to my attention, at +1 (510) 746-0019 if sent via facsimile, or
twillardson@energy-recovery.com if sent via e-mail. Thank you in advance for your cooperation with
this matter.
Sincerely,
Tom Willardson, Chief Financial Officer
Energy Recovery, Inc.
|
|
|
|
|
|
|
Finance Scholars Group |
|
|
|
|
|
|
|
By:
|
|
|
|
|
|
|
|
|
|
Name:
|
|
Terry Lloyd |
|
|
|
|
|
|
|
Title:
|
|
Director |
|
|
|
|
|
|
|
Date:
|
|
June 6, 2008 |
|
|
|
|
|