FINAL
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Press
Contacts:
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Audrey
Bold
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Dan
Borgasano
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Energy
Recovery, Inc.
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Schwartz
Communications, Inc.
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+1
510.746.2529
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+1
781.684.6660
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abold@energyrecovery.com
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ERI@schwartz-pr.com
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ENERGY
RECOVERY, INC. CHIEF TECHNOLOGY OFFICER TO DEPART
SAN LEANDRO, Calif., January 6,2010—Energy Recovery, Inc.
(NASDAQ: ERII), a leader in the design and development of energy recovery
devices for desalination, today announced that Dr. Richard L. Stover, Chief
Technology Officer and Senior Vice President of Aftermarket, is leaving Energy
Recovery to pursue other endeavors.
During
his eight years at Energy Recovery, Dr. Stover has made numerous technical
contributions and was instrumental in the fast growth of the Company during a
critical period. He also built a strong, talented team in research and
development and technical services. With Dr. Stover’s direction, the company has
charted a path and clear vision for the development of next generation energy
recovery products for many years.
“We are
extremely grateful for Dr. Stover’s contribution to the growth of our business
and wish him all the best in his new work,” said G.G. Pique, president and CEO
of Energy Recovery. “He developed a solid R&D organization with the
experience and skill sets to implement future generations of the Company's PX
technology, and to enable other product breakthroughs.”
“It has
been both exciting and tremendously rewarding to be a part of ERI’s growth over
these past eight years,” said Dr. Stover. “ERI is very well positioned to
continue its leadership role in making desalination affordable throughout the
world. I am very proud of our team of engineers and technical services experts,
and know that they will continue on the same path of innovation and technical
excellence that has made ERI the market leader in our industry.”
While Dr.
Stover's last day with the Company as a full-time employee will be January 15,
2010, he will assist during the transition to his successor and serve as a
technology advisor to Energy Recovery going forward.
About
Energy Recovery, Inc.
Energy
Recovery, Inc. (NASDAQ:ERII) designs and develops energy recovery devices that
help make desalination affordable by significantly reducing energy consumption.
ERI’s PX Pressure Exchangerä (PXä) device is a rotary
positive displacement pump that recovers energy from the high pressure reject
stream of seawater reverse osmosis systems at up to 98% efficiency. The company
is headquartered in the San Francisco Bay Area with offices in key desalination
centers worldwide, including Madrid, Shanghai, Florida and the United Arab
Emirates. For more information on Energy Recovery Inc and PX technology, please
visit www.energyrecovery.com.
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