SAN LEANDRO, Calif.,
Oct. 26, 2017 /PRNewswire/
-- Energy Recovery, Inc. (NASDAQ:ERII), the leader in
pressure energy technology for industrial fluid flows, today
announced total awards of $3.3
million to supply its PXTM Pressure
ExchangerTM technology for desalination projects in
Egypt. The orders are expected to
ship in the 4th quarter of 2017.
Energy Recovery will supply its PX-Q300 Pressure Exchangers for
multiple facilities, which will produce up to 155,000 cubic meters
of water per day. Energy Recovery estimates the PX devices will
reduce the plants' power consumption for all projects by 15.5 MW,
saving over 133.6 GWh of energy per year, and helping the plants
avoid over 79,800 tons of CO2 emissions per year.
Energy Recovery's President and CEO Joel
Gay stated, "Energy Recovery continues to build upon its
leading position in the global desalination market, delivering cost
effective solutions with best-in-class technology to drive
improvement in facilities around the world. These awards are
continued proof points that our PX technology enables industry
partners to maximize profitability by minimizing life-cycle
cost. With our world-class team of engineers and decades of
experience, Energy Recovery continues to maintain a laser focus on
delivering innovation, product excellence, and growth for our
customers and shareholders."
About Energy Recovery
Energy Recovery, Inc. (ERII) is
an energy solutions provider to industrial fluid flow markets
worldwide. Energy Recovery solutions recycle and convert wasted
pressure energy into a usable asset and preserve pumps that are
subject to hostile processing environments. With award-winning
technology, Energy Recovery simplifies complex industrial systems
while improving productivity, profitability, and efficiency within
the oil & gas, chemical processing, and water industries.
Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the
Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company,
please visit www.energyrecovery.com.
Forward-Looking Statements
Certain matters discussed
in this press release are "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,
including expectations regarding the timing of shipments of the
orders, reductions in power consumption from the technology and
market share expectations. These forward-looking statements are
based on information currently available to us and on management's
beliefs, assumptions, estimates, or projections and are not
guarantees of future events or results. Because such
forward-looking statements involve risks and uncertainties, our
actual results may differ materially from the predictions in these
forward-looking statements. All forward-looking statements are made
as of today, and we assume no obligation to update such statements,
whether as a result of new information, future events, or
otherwise.
Contact
Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284
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SOURCE Energy Recovery, Inc.