SAN LEANDRO, Calif.,
Sept. 14, 2017 /PRNewswire/
-- Energy Recovery, Inc. (NASDAQ:ERII), the leader
in pressure energy technology for industrial fluid flows, today
announced total awards of $1.4
million to supply its turbocharger technology for
desalination projects in Saudi
Arabia. The orders are expected to ship in the
4th quarter of 2017.
Energy Recovery will supply its LPT & AT Turbocharger
devices for the plants, which will produce a total of up to 64,000
cubic meters of water per day. Energy Recovery estimates the
turbocharger devices will reduce the plants' power consumption for
all projects by 2.3 MW, saving over 20.1 GWh of energy per year,
and helping the plants avoid over 12,000 tons of CO2
emissions per year.
Energy Recovery's President and CEO Joel
Gay stated, "These orders further solidify our position as a
market leader in the Middle East
desalination market, more specifically in Saudi Arabia, and confirm that we provide
unparalleled quality beyond our flagship PX technology and into our
centrifugal and turbocharger product lines. We have recently
introduced an enhanced AT Turbocharger design with increased
resiliency which should further reduce failures, thereby helping
plants minimize costs. We remain laser-focused on providing
best-in-class products across the spectrum of our technology to
desalination customers seeking optimized plant savings and
efficient operations."
About Energy Recovery
Energy Recovery, Inc. (ERII) is
an energy solutions provider to industrial fluid flow markets
worldwide. Energy Recovery solutions recycle and convert wasted
pressure energy into a usable asset and preserve pumps that are
subject to hostile processing environments. With award-winning
technology, Energy Recovery simplifies complex industrial systems
while improving productivity, profitability, and efficiency within
the oil & gas, chemical processing, and water industries.
Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the
Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company,
please visit www.energyrecovery.com.
Forward-Looking Statements
Certain matters discussed
in this press release are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including expectations regarding the timing of shipments of the
orders, reductions in power consumption from the technology, and
the increased resiliency of our AT Turbocharger designs. These
forward-looking statements are based on information currently
available to us and on management's beliefs, assumptions,
estimates, or projections and are not guarantees of future events
or results. Because such forward-looking statements involve risks
and uncertainties, our actual results may differ materially from
the predictions in these forward-looking statements. All
forward-looking statements are made as of today, and we assume no
obligation to update such statements, whether as a result of new
information, future events, or otherwise.
Contact
Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284
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SOURCE Energy Recovery, Inc.