Energy Recovery Inc Appoints Water Expert Baji Gobburi as Director, Water Product Development
July 26 2011 - 8:00AM
Business Wire
Energy Recovery Inc (NASDAQ:ERII), a leader in the design and
development of energy recovery devices for desalination and other
industrial processes, today announced its appointment of water
business and technologies expert Baji Gobburi as its director,
water product development. Gobburi brings more than 15 years of
water and environmental expertise to ERI, including desalination
and business strategy experience at GE Water & Process
Technologies, a global leader in the water industry. In his new
position at ERI, Gobburi will help expand ERI’s presence in water
markets and applications outside of desalination, including
municipal transmission and distribution as well as brackish
water.
“We are excited to expand into new segments of the water sector
that offer significant growth potential by building upon our
success and commanding presence in the global desalination market,”
said Thomas S. Rooney, chief executive officer, ERI. “With Baji’s
unique breadth and depth of experience in water market development,
organizational strategy and revenue growth at GE, we are confident
in his ability to drive ERI’s leadership into new water
opportunities in the U.S. and abroad.”
Prior to ERI, Gobburi held a variety of water management
positions at GE, including general manager of Caribbean field
services, where he led the financial and operational turnaround of
a desalination business across nine Caribbean countries. He has
extensive experience in organizational strategy execution, new
business development and operational efficiency improvement
initiatives. Gobburi received his MBA from The University of
Chicago’s Booth School of Business as well as a Master of Science
from Wayne State University in Michigan and a Bachelor of
Engineering from Osmania University in India.
“With the significant leadership and technological breakthroughs
ERI has achieved in energy efficient desalination, the company has
proven its ability to innovate ahead of the game in emerging
markets,” said Gobburi. “ERI is a company with incredible
potential, and I am excited to join its dynamic team to advance its
expansion into broader water markets.”
About Energy Recovery Inc
Energy Recovery Inc (NASDAQ:ERII) designs and develops energy
recovery devices that significantly reduce energy consumption for
desalination and other industrial processes. Energy Recovery’s
prominence in the desalination market includes notable technologies
such as the PX Pressure Exchanger™ (PX™) devices, the ERI™
TurboCharger hydraulic turbine energy recovery devices and the ERI™
AquaBold™ and ERI™ AquaSpire™ high-pressure pumps. In total, Energy
Recovery has more than 12,000 devices installed, reducing the
carbon footprint of desalination by saving 1 GW of energy and
offsetting CO2 emissions by more than 5.2 million tons per year.
The company is headquartered in the San Francisco Bay Area with
offices in key centers worldwide, including Madrid, Shanghai, and
the United Arab Emirates. For more information about Energy
Recovery Inc, please visit www.energyrecovery.com.
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. These forward-looking statements include our expectation
that we will expand our business into sectors of the water business
outside desalination and that we will develop new water
opportunities in the U.S. and abroad. Because such forward-looking
statements involve risks and uncertainties, the Company's actual
results may differ materially from the predictions in those
forward-looking statements. Factors that could cause actual results
to differ materially include, but are not limited to, our inability
to expand our business outside of desalination, our failure to
develop or offer commercially viable products for areas outside of
desalination 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 cause actual results to
differ materially from those anticipated in our forward-looking
statements, please refer to the Company's SEC filings.
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