ERI to Provide Energy Savings for Mining Project in Australia
October 02 2008 - 8:00AM
PR Newswire (US)
140,000 m3/day (37MGD) Desalination Project for Mining Application
Contracted to use PX(R) Technology SAN LEANDRO, Calif., Oct. 2
/PRNewswire-FirstCall/ -- Energy Recovery, Inc. ("ERI")
(NASDAQ:ERII), a global leader of ultra-high-efficiency energy
recovery products and technology for desalination, announced that
it will supply energy recovery devices for a seawater reverse
osmosis (SWRO) desalination project in Australia. IDE Technologies
awarded ERI the energy recovery contract for the 140,000 cubic
meters per day (m3/day) (37 million gallons per day (MGD))
facility. The new desalination project adds process and drinking
water for a large mine operation in Australia. IDE Technologies
will construct the plant which will utilize ERI's PX Pressure
Exchanger(R) (PX(R)) technology as the energy recovery solution for
the project. The plant is scheduled for completion in late 2009.
Water is a key component in the mining process. Because the region
is subject to extreme drought conditions, a highly efficient
desalination system provides an affordable solution both for
process requirements and regional drinking consumption. The ERI
solution will include PX-220 devices which will save an estimated
16 megawatts of power. In 2007, ERI was also engaged for a 55,000
m3/day (14.5 MGD) desalination plant for the Trekkopje Uranium
project in Namibia, South Africa. That plant is projected to supply
an estimated 20 million cubic meters of water per year to the mine.
In addition, ERI and IDE Technologies are teaming to provide
advanced energy-saving PX technology for the 100 million m3/year
Hadera, Israel desalination plant which will be the world's largest
such plant when it starts up in 2010. About ERI(R) Energy Recovery,
Inc. (ERI) is a leading manufacturer of energy recovery devices
which help make desalination affordable by significantly reducing
energy consumption. ERI's PX Pressure Exchanger(R) (PX(R)) device
is a rotary positive displacement pump that recovers energy from
the high pressure reject stream of SWRO systems at up to 98%
efficiency with no downtime or scheduled maintenance. The company
has research, development and manufacturing facilities in the San
Francisco technology corridor as well as direct sales offices and
technical support centers in key desalination hubs such as Madrid,
UAE, Shanghai and Florida. ERI service representatives are based in
Algeria, Australia, China, India, Korea, Mexico, Taiwan and the
Caribbean. As the demand for clean, potable water increases, ERI is
poised to face the global challenges ahead. For more information on
ERI and PX technology, please visit our web site at
http://www.energyrecovery.com/. Note on Forward Looking Statements
This press release includes "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.
Such forward-looking statements include statements regarding the
timing of plant construction, availability of financing for new
desalination plant construction, and the timing of obtaining
various government approvals. Because such forward-looking
statements involve risks and uncertainties, the Company's actual
results may differ materially from those projected in such
forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, cyclical
nature of seawater reverse osmosis plants, delays or postponements
in the construction of desalination plants, the ability of our
customers to obtain other key components of a plant, delays in
governmental approvals, changes in customers' budgets for
desalination plans and the timing of their purchasing decision, and
other risks detailed in the Company's filings with the Securities
and Exchange Commission (SEC). All forward-looking statements are
made as of today, and the Company assumes no obligation to update
such statements. For more details relating to the risks and
uncertainties that could differ materially from those anticipated
in our forward-looking statements, please refer to the Company's
SEC filings, including its Form 424(b)4 Prospectus filed on July 2,
2008, and in particular, the risk factor sections of such filings.
Audrey Bold Energy Recovery Inc. Ph: 510-483-7370 DATASOURCE:
Energy Recovery, Inc. CONTACT: Audrey Bold of Energy Recovery Inc.,
+1-510-483-7370 Web site: http://www.energyrecovery.com/
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