SAN LEANDRO, Calif.,
Dec. 6, 2018 /PRNewswire/
-- Energy Recovery, Inc. (NASDAQ:ERII), the leader in
pressure energy technology for industrial fluid flows, today
announced total awards of $2.7
million to supply its PX® Pressure
Exchanger® technology for desalination projects in
Chile. These desalination projects
will be used specifically in the mining process and are expected to
ship in the fourth quarter of 2018.
Energy Recovery will supply its PX-Q300 Pressure Exchangers for
multiple facilities, which will produce up to 148,000 cubic meters
of water per day. Energy Recovery estimates the PX devices will
reduce the facilities' power consumption for all projects by 12.7
MW, saving over 110 GWh of energy per year, and helping the
facilities avoid over 65,740 tons of CO2 emissions per
year.
Energy Recovery's President and CEO Chris Gannon stated, "2018 is shaping up to be a
potential record year thanks to the continued success of our PX
Pressure Exchanger and the value it generates for our customers.
These recent awards in Chile
confirm the efficacy and strength of the PX technology. We are
excited about the growth opportunities for our Water business and
the continued strength and activity level for desalination
throughout 2018 and into 2019. Moving forward we will continue to
aggressively pursue tactical initiatives across the broader water
industry."
Rodney Clemente, Energy
Recovery's Vice President, Water, added, "Energy Recovery has had
its eye fixed on Chile as a
strategic market and accordingly has positioned our company to
assist these facilities in maximizing the overall profitability of
their operations through an increased understanding of the critical
mining-water nexus. Energy Recovery's PX Pressure Exchanger
technology has the lowest-life-cycle cost of any energy recovery
device on the market today, and this industry-leading value
proposition resonates well with both our customers and end-users in
Chile. More specifically, our
uptime advantage in mining applications is unmatched – vitally
important when every day of downtime translates to millions of lost
dollars for our customers. We are excited to add another critical
project to our successful global reference list."
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, 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, the
potential of 2018 being a record year, grown opportunities
throughout 2018 and 2019, and the Company's pursuit of tactical
initiatives across the broader water industry. 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
Investor Relations
ir@energyrecovery.com
(281) 962-8105
View original content to download
multimedia:http://www.prnewswire.com/news-releases/energy-recovery-awarded-2-7-million-for-mining-desalination-projects-in-chile-300761108.html
SOURCE Energy Recovery, Inc.