Press Releases
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
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