Press Releases
Energy Recovery Awarded $2.3 Million for Mega Desalination Plant in China
SAN LEANDRO, Calif., Dec. 22, 2015 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced an award for $2.3 million to supply its PX® Pressure Exchanger® technology for a mega desalination plant in China. For the project, Energy Recovery will partner with Beijing Originwater Technology Co., Ltd. The order is ...... read more
Energy Recovery Reports Third Quarter 2015 Results
THIRD QUARTER HIGHLIGHTS: Revenue increased 127% to $12.1 million in the current period, from $5.3 million in the third quarter of 2014 based on strengthening demand and sales in the global desalination market Gross margin improved to 59% from 44%, an increase of 1,500 basis points year-over-year Operating expenses of $7.4 million, down 5% year-over-year Net loss of $(0.3) million, or $(0.01) ...... read more
Energy Recovery Conference Call to Discuss 15-Year License Agreement With Schlumberger
SAN LEANDRO, Calif., Oct. 19, 2015 (GLOBE NEWSWIRE) -- Energy Recovery will host a teleconference at 5:30 a.m. (Pacific Time) on Tuesday, October 20th, 2015 to outline the significance of this company milestone and to answer questions. To listen to the live call, individuals can access the conference call by dialing 877-415-3185, passcode #64509095 approximately 10 minutes before the scheduled ...... read more
Energy Recovery Signs 15-Year License With Schlumberger to Provide Exclusive Rights to Its VorTeq(TM) Hydraulic Fracturing Technology
SAN LEANDRO, Calif., Oct. 19, 2015 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a 15-year deal with Schlumberger Technology Corporation, the world's leading supplier of geoscience, engineering, drilling, and data management software products and computing services for the exploration and production ...... read more
Energy Recovery to Release Earnings and Host Conference Call
SAN LEANDRO, Calif., Oct. 16, 2015 (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 September 30, 2015 on Thursday, November 5, 2015 after the market close. The Company will also hold a conference call to discuss these financial results on ...... read more
Energy Recovery Awarded $1.8 Million for Mega Desalination Plant in the Middle East
SAN LEANDRO, Calif., Sept. 28, 2015 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced an award for $1.8 million to supply its PX Pressure Exchanger® technology for a mega desalination plant in the Middle East. For the project, Energy Recovery will partner with a wastewater treatment and services ...... read more
Energy Recovery Awarded $1.4 Million for Deal in World’s First Large-Scale Solar-Powered Desalination Plant
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced an award for $1.4 million to supply its PX Pressure Exchanger® technology for the world’s first large-scale solar-powered desalination plant, located in Saudi Arabia. The order is expected to ship during the first quarter of 2016. ...... read more
Energy Recovery Awarded $1.8 Million for Desalination Deal in Morocco
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a $1.8 million deal to supply its PX Pressure Exchanger® technology for a desalination plant in Morocco. The Company expects the order to ship in the fourth quarter of 2015. The Pressure Exchangers will be installed by Morocco’s ...... read more
Energy Recovery to Present at Jefferies 2015 Industrials Conference
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that the Company's Chief Executive Officer, Joel Gay, and Chief Financial Officer, Chris Gannon, will present at the 2015 Jefferies Industrials Conference in New York at 8:00 am ET (5:00 am PT) on Monday, August 10, 2015. About Energy ...... read more
Energy Recovery Reports Unaudited Financial Results for the Second Quarter of 2015
SECOND QUARTER HIGHLIGHTS: Revenue increased by 64% to $10.5 million in the current period, from $6.4 million in the second quarter of 2014, as a result of a strengthening global desalination market Gross profit margin improved to 54% in the current period, from 48% in the second quarter of 2014, as a result of MPD shipments and a favorable shift in mix Operating expenses increased by $1.3 ...... read more