Press Releases
Energy Recovery Drives Desalination in United States with $1 Million Awarded for California and Texas Projects
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced $1 million in awards for desalination projects in California and Texas. Energy Recovery will supply its PX-Q300 Pressure Exchanger devices and AquaBold high-pressure pumps for the Charles E. Meyer Desalination Plant retrofit in Santa ...... read more
Energy Recovery Announces $3.96 Million Order for Hyflux Plant in Oman
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, has announced a $3.96 million order to install its PX Pressure Exchanger® technology in an independent water plant located in Qurayyat, Oman, a project with Hyflux Ltd., a global environmental solutions company headquartered in Singapore. The capacity ...... read more
Energy Recovery to Release Earnings and Host Conference Call
SAN LEANDRO, Calif., July 10, 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 June 30, 2015 on Thursday, August 6, 2015 after the market close. The Company will also hold a conference call to discuss these financial results on Thursday, ...... read more
Energy Recovery Awarded $10.3 Million to Supply Pressure Exchanger Devices in Asia and the Middle East
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 has recently received $10.3 million in mega project awards to install its PX Pressure Exchanger® technology in desalination plants in Asia and the Middle East. The Company expects to ship and recognize revenue in the ...... read more
Energy Recovery Announces Appointment of Eric O. Siebert as Vice President of Corporate Strategy
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that it has appointed Mr. Eric O. Siebert as Vice President of Corporate Strategy, effective June 8, 2015. Mr. Siebert most recently served as General Manager of Coating Services for Aegion (NASDAQ:AEGN), a leading pipeline corrosion ...... read more
Energy Recovery Announces $1 Million Shipment for Sidem Power Plant in Oman
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, has shipped the components for a $1 million desalination plant project in Sur, Oman. For this project, Energy Recovery is partnering with Sidem, a global desalination leader headquartered in France. Energy Recovery expects to recognize revenue on the ...... read more
Energy Recovery Announces Appointment of Experienced Financial Executive Chris Gannon as Chief Financial Officer
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that it has appointed Mr. Chris M. Gannon as Chief Financial Officer, effective June 8, 2015. Mr. Gannon most recently served as managing director at Conway MacKenzie, a firm focused on providing strategic financial consulting, ...... read more
Energy Recovery Announces $3 Million Shipment for Mirfa Power Plant in Abu Dhabi, UAE
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, has shipped the components for a $3 million project for the Mirfa Power Plant in Abu Dhabi, UAE, a project with partner Degremont, a company focused on the production of drinking water in industrialized countries. Energy Recovery expects to recognize ...... read more
Energy Recovery Reports Unaudited Financial Results for the First Quarter of 2015
FIRST QUARTER HIGHLIGHTS: Total revenue increased by 50% to $5.9 million in the current period, from $3.9 million in the first quarter of 2014 Gross profit margin was 57% in the current period, compared to 58% in the first quarter of 2014, as a result of lower production levels offset by a favorable shift in mix Operating expenses increased by $5.4 million, or 91%, from $6.0 million in the ...... read more
Energy Recovery Awarded $2 Million in Desalination Orders in 5 Countries
New Orders in Egypt, Italy, Spain, UAE, and Vietnam SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced new desalination orders for projects utilizing its PX® Pressure Exchanger® Technology in Egypt, Italy, Spain, the United Arab Emirates, and Vietnam. Collectively, these original ...... read more