Energy Recovery Executive Chairman Hans Peter Michelet Named Ernst & Young Entrepreneur Of The Year® 2010 Award Finalist in ...
May 20 2010 - 8:00AM
Business Wire
Energy Recovery Inc (NASDAQ:ERII), a leader in the design and
development of energy recovery devices for desalination, today
announced that Hans Peter “H.P.” Michelet, executive chairman of
Energy Recovery’s board of directors, has been named as a finalist
for the Ernst & Young Entrepreneur Of The Year® 2010 Award in
Northern California. A serial entrepreneur and investor with
considerable success founding and developing a variety of
multi-national organizations, H.P. Michelet has been intrinsically
involved in most of Energy Recovery’s strategic decisions and
initiatives since 1994.
According to Ernst & Young LLP, the awards program
recognizes entrepreneurs who demonstrate extraordinary success in
the areas of innovation, financial performance and personal
commitment to their businesses and communities. H.P. Michelet was
selected as a finalist from more than 100 nominations by a panel of
independent judges. Award recipients will be announced at a special
gala event on June 12, 2010 at the San Jose Fairmont Hotel.
“It is a great honor to be selected by Ernst & Young as a
finalist for the prestigious Entrepreneur Of The Year 2010 Award in
Northern California,” said Michelet. “To be acknowledged is a
testament to the various companies and people with whom I have
collaborated. This is especially true at Energy Recovery Inc, where
the devoted, brilliant team has been integral to the sustained
success the company has enjoyed as the definitive leader in global
desalination energy recovery solutions.”
A board member since 1995 and chairman since September 2004,
Michelet has helped position Energy Recovery as the world’s leading
manufacturer of energy recovery devices used in seawater reverse
osmosis (SWRO) desalination plants to help address global water
scarcity. Energy Recovery's PX™ devices operate at up to 98 percent
efficiency and reduce the energy consumption of SWRO systems by up
to 60 percent, making desalination a cost-effective solution for
clean water supply. PX devices also reduce the carbon footprint of
desalination, saving more than 900 MW of energy and reducing CO2
emissions by more than 4.7 million tons per year worldwide. More
than 10,000 of Energy Recovery’s solutions are currently deployed
or under contract to be installed at desalination plants across the
globe. For more information about Energy Recovery's PX Pressure
Exchanger™ technology, visit http://www.energyrecovery.com or send
an email to info@energyrecovery.com.
The Ernst & Young Entrepreneur Of The Year awards program
celebrates its 24th anniversary this year. The program has expanded
to recognize business leaders in over 135 cities in 50 countries
throughout the world. Regional award winners are eligible for
consideration for the Ernst & Young LLP Entrepreneur Of The
Year national program. Award recipients in several national
categories, as well as the overall national Ernst & Young
Entrepreneur Of The Year award recipient, will be announced at the
annual awards gala in Palm Springs, California on November 13,
2010. The awards are the culminating event of the Ernst & Young
Strategic Growth Forum, the nation’s most prestigious gathering of
high-growth, market-leading companies.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur
Of The Year awards are pleased to have the Ewing Marion Kauffman
Foundation and SAP America as national sponsors.
In Northern California, sponsors include The Big Picture Film
& Video Arts Inc., Manpower, Smart Business, Scherzer
International and The Summit Group.
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. Energy Recovery
technologies include the PX Pressure Exchanger™ (PX™) device for
desalination and the Turbocharger hydraulic turbine energy recovery
device and pumps for desalination, gas and liquid processing
applications. In total, Energy Recovery helps reduce CO2 emissions
by more than 4.7 million tons per year and produce 1.6 billion
gallons of potable water per day. The company is headquartered in
the San Francisco Bay Area with offices in Detroit and in key
desalination centers worldwide, including Madrid, Shanghai and the
United Arab Emirates. For more information about Energy Recovery
Inc, please visit www.energyrecovery.com.
About Ernst & Young’s Entrepreneur Of The Year® Awards
Program
Ernst & Young’s Entrepreneur Of The Year® is the world’s
most prestigious business award for entrepreneurs. The award makes
a difference through the unique way it encourages entrepreneurial
activity among those with potential and recognizes the contribution
of people who inspire others with their vision, leadership and
achievement. As the first and only truly global award of its kind,
Ernst & Young Entrepreneur Of The Year® celebrates those who
are building and leading successful, growing and dynamic
businesses, recognizing them through regional, national and global
awards programs in more than 135 cities in 50 countries.
Ernst & Young refers to the global organization of member
firms of Ernst & Young Global Limited, each of which is a
separate legal entity. Ernst & Young LLP is a client-serving
member firm of Ernst & Young Global Limited located in the
U.S.
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