Catalonian Desalination Expanding with ERI Technology
November 03 2008 - 8:00AM
Business Wire
Energy Recovery, Inc. (�ERI�) (NASDAQ:ERII), a global leader of
ultra-high-efficiency energy recovery products and technology for
desalination, announced that it was awarded the energy recovery
contract for the expansion of the Tordera seawater reverse osmosis
(SWRO) desalination plant near Barcelona. The production capacity
of the plant will double to 55,000 m�/d (14.5 MGD) of fresh water.
The Tordera plant expansion will be constructed by a consortium
consisting of Spanish companies, ACCIONA AGUA, AQUALIA and FCC. ERI
will supply 60 PX-260 devices to replace outdated turbine-based
energy recovery devices that are less energy efficient. With ERI�s
ceramic isobaric PX technology, the plant will be able to reduce
energy consumption by over 2 million kilowatt hours per year or
16%. In addition, the capacity of the plant will increase with no
new high-pressure pumps. SWRO plants formerly equipped with
turbines in areas such as the Caribbean, Middle East, China and
Europe also have been retrofitted with PX technology and enjoyed
similar savings percentages and capacity increases. In the past few
years, Barcelona and surrounding areas have been suffering from
drought conditions which put restrictions on the usage of water for
swimming pools, fountains and lawns. Earlier this year, the
Catalonian region was importing drinking water by barge due to the
severity of the situation. Although rains inundated the region
recently, government utilities are investing in expanding existing
capacity and building new capacity to provide reliable, secure
water resources for the future. About ERI� 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� (PX�) 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
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.
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