Water Desalination Capacity to Exceed 1.5 Million Cubic Meters per Day in North Africa with ERI PX Technology
December 11 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, announces another large-scale energy recovery
contract for seawater reverse osmosis (SWRO) desalination in
Algeria. The Fouka SWRO Desalination project is designed to produce
120,000 cubic meters per day (m3/day, 31.7 million US gallons per
day (MGD)). It is scheduled to begin operation in early 2010. The
Fouka SWRO Desalination Plant will be located in Tipasa near the
city of El Jazair on Algeria�s northern coast. The project is being
developed by Acciona Agua of Spain and SNC Lavalin International of
Canada on a 25 year build, own and operate (BOO) contract basis.
The 138 ERI PX-220 energy recovery devices are expected to save
nearly 13 MW of energy or over 113,000 MWh per year. In total, ERI
is helping to produce over 1.5 million m3/day (396 MGD) of drinking
water for the Algerian region alone, saving an estimated 440 MW of
energy on an ongoing basis. Recently, Acciona Agua as part of a
consortium also contracted ERI�s PX technology for the Tordera
desalination plant near Barcelona. Here, older turbine technology
was replaced with advanced, more efficient PX Pressure Exchanger
devices to save energy and increase plant production capacity.
Borja Blanco, ERI�s GM and VP, Mega Projects Division, stated,
�This contract award, along with Tlemcen Souk Tleta, consolidate
ERI as the preferred supplier of energy recovery devices in the
Mediterranean basin. Eight major desalination projects have been
awarded by different contractors in Algeria so far, and all of them
with ERI PX technology. Using our energy recovery solution allows
the Algerian government to provide affordable water to their
constituents.� 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. 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,
delays or postponements in the construction of desalination plants,
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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