Press Releases
Energy Recovery Commences Field Trials of its VorTeq™ Pump Protection System for Hydraulic Fracturing
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the commencement of field trials for its innovative VorTeq™ hydraulic pumping system. Liberty Oilfield Services will conduct the trials at various well sites throughout the Bakken formation. The trials are expected to last at least six ...... read more
Energy Recovery to Release Earnings and Host Conference Call
SAN LEANDRO, Calif., April 27, 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 quarter ended March 31, 2015 on Thursday, May 7, 2015 after the market close. The Company will also hold a conference call to discuss these financial results on Thursday, May ...... read more
Energy Recovery Announces Appointment of Joel Gay as Chief Executive Officer
Experienced Industrial Executive has Led Execution of Company’s Strategic Plan Throughout 2015 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. Joel Gay as Chief Executive Officer and as a member of its Board of Directors, effective immediately. Mr. Gay ...... read more
CORRECTING and REPLACING Energy Recovery Commissions First IsoGenTM Turbogenerator System for Saudi Aramco
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Third paragraph, third sentence of release should read: Energy Recovery estimates that the plant will recover 3,400 MWh of energy per year (instead of: Energy Recovery estimates that the plant should recover up to 450 kW of energy annually). The corrected release reads: ENERGY RECOVERY COMMISSIONS FIRST ISOGENTM TURBOGENERATOR SYSTEM FOR SAUDI ARAMCO ...... read more
Energy Recovery Named as Finalist for Technological Innovation of the Year at 2015 Pump Industry Awards
SAN LEANDRO, Calif., March 23, 2015 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in pressure energy technology for industrial fluid flows, was named as a finalist in the category of "Technological Innovation of the Year—Products" at the 2015 Pump Industry Awards, held on March 19 in the UK. The company was recognized for its IsoBoostTM system, a liquid phase ...... read more
Energy Recovery Secures $650,000 Desalination Order with Degremont Iberia for Mid-Size Plant in Spain
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a $650,000 desalination OEM order from Degremont Iberia, S.A. (“Degremont”), a company focused on the production of drinking water from groundwater or surface water in industrialized countries. This current retrofit installation is ...... read more
Energy Recovery Awarded $1 Million in Desalination Orders in India and Ghana
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 India and Ghana. Collectively, these original manufacturer (OEM) projects represent approximately $1 million in revenue and are expected to be ...... read more
Energy Recovery Reports Unaudited Financial Results for the Fourth Quarter and Fiscal Year of 2014
FOURTH QUARTER SUMMARY: Total revenue decreased by 36% to $14.8 million in the current period, from $23.2 million in the fourth quarter of 2013 Gross profit margin was 61% in the current period, compared to 63% in the fourth quarter of 2013, as a result of lower production levels and, to a lesser extent, a shift in mix Operating expenses increased by $6.0 million, or 78%, from $7.8 million in ...... read more
Energy Recovery Reschedules 2014 Fourth Quarter and Year End Financial Results Earnings Release and Conference Call
SAN LEANDRO, Calif., Feb. 26, 2015 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (Nasdaq:ERII) ("Energy Recovery" or the "Company"), a global leader in harnessing reusable energy from industrial fluid flows and pressure cycles, announced today the rescheduling of the release of its financial results for the fourth quarter and year ended December 31, 2014 to Thursday, March 5, 2015, after the ...... read more
Energy Recovery Schedules 2014 Fourth Quarter and Year End Financial Results and Conference Call
SAN LEANDRO, Calif., Feb. 17, 2015 (GLOBE NEWSWIRE) -- Energy Recovery Inc (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, will release its financial results for the fourth quarter and year ended December 31, 2014 on Wednesday, March 4, 2015, after the market close. HP Michelet, Chairman of the Board of Directors and Joel Gay, Chief ...... read more