Press Releases
Sherif Foda Joins Energy Recovery Board of Directors
SAN LEANDRO, Calif., Sept. 6, 2016 /PRNewswire/ -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the expansion of its Board of Directors with the appointment of Mr. Sherif Foda. Mr. Foda brings with him over two decades of senior-level management experience in the oil and gas industry as well as world-class expertise ...... read more
Energy Recovery Reports Second Quarter and First-Half 2016 Results
SAN LEANDRO, Calif., Aug. 03, 2016 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced its financial results for the second quarter ended on June 30, 2016, as well as year-to-date results for the first half of 2016. Joel Gay, President and Chief Executive Officer, said, “The second quarter is further ...... read more
Energy Recovery Schedules 2016 Second Quarter Financial Results Conference Call
SAN LEANDRO, Calif., July 21, 2016 (GLOBE NEWSWIRE) -- Energy Recovery Inc (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced it will release its financial results for the period ended June 30, 2016 on Wednesday, August 3, 2016 after the market close. The Company will hold a conference call to discuss these financial results on Thursday, August ...... read more
Energy Recovery Confirms Purchase Order for Middle East Gas Processing Project For Up to $11 Million
SAN LEANDRO, Calif., July 18, 2016 /PRNewswire/ -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, announced today the finalization of a purchase order associated with the previously announced letter of award totaling up to $11 million to provide its IsoBoost™ technology for integration into a major gas processing plant to be ...... read more
Energy Recovery Awarded $2.4 million for Desalination Projects in North Africa
SAN LEANDRO, Calif., June 15, 2016 /PRNewswire/ -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.4 million to supply its PXTM Pressure ExchangerTM technology for three desalination projects in North Africa. Two of the orders will ship in the second quarter of 2016 and the third is expected to ship in ...... read more
Energy Recovery Awarded $5.4 million for Desalination Projects in Middle East
SAN LEANDRO, Calif., June 3, 2016 /PRNewswire/ -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $5.4 million to supply its PX™ Pressure Exchanger™ technology for desalination projects in the Middle East. The orders are expected to ship primarily in the first quarter of 2017. Energy Recovery will supply ...... read more
Energy Recovery Awarded $2 Million for Desalination Projects in China
SAN LEANDRO, Calif., May 26, 2016 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced several awards for a total $2 million to supply its technology for desalination projects in China. All are expected to ship in 2016. Energy Recovery will supply its devices, including its PXTM Pressure ExchangerTM, for ...... read more
Energy Recovery Awarded $4.2 Million for Desalination Projects in Asia Pacific
SAN LEANDRO, Calif., May 25, 2016 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced several new awards for a total of $4.2 million to supply its technology for multiple desalination projects in the Asia Pacific region. All are expected to ship in 2016. Energy Recovery will supply its devices, including ...... read more
Energy Recovery Reports First Quarter 2016 Results
FIRST QUARTER SUMMARY: Record quarter total gross margin of 67.5%(1)Total revenue increased 93% year-over-year to $11.3 millionProduct gross margin increased to 63.4% from 56.8%, an increase of 660 basis points year-over-yearOperating expenses decreased 14% year-over-year to $9.8 millionNet loss of $(2.0) million, or $(0.04) per share compared to net loss of $(8.3) million, or $(0.16) per ...... read more
Energy Recovery Desalination Projects Recognized by Global Water Awards
SAN LEANDRO, Calif., April 21, 2016 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today received recognition from the Global Water Awards for its involvement in three separate desalination projects and with two Companies of the Year. The Claude "Bud" Lewis Carlsbad Desalination Plant, in Carlsbad, CA, where Energy ...... read more