Press Releases
Energy Recovery Awarded Multiple Contracts for Desalination Projects
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 received awards for projects utilizing its PX Pressure Exchanger Technology. The two orders are expected to total over $2.0 million. The first project is 45 PX-Q300’s for a municipal desalination project for Veolia, a French ...... read more
Energy Recovery Announces Chief Executive Officer Transition
SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII) , the leader in pressure energy technology for industrial fluid flows, announced today that as part of its continuing diversification, Mr. Thomas S. Rooney, Jr. will be resigning as Chief Executive Officer to facilitate a transition during which the Company will identify and appoint a successor to further lead the ...... read more
Energy Recovery Awarded Contract for New Mega Desalination Plant in UAE
SAN LEANDRO, Calif., Dec. 18, 2014 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (Nasdaq:ERII), the leader in recycling fluid pressure in the oil and gas, chemical and water industries, today announced the Company was awarded the Mirfa mega desalination plant project for its highly reliable PX Pressure Exchanger technology in Abu Dhabi, United Arab Emirates. Mirfa has a production capacity of ...... read more
Energy Recovery's STEM for Millennials Program Wraps Up Fall 2014, Students to Present Their Final Projects
SAN LEANDRO, Calif., Dec. 15, 2014 (GLOBE NEWSWIRE) -- At the culmination of Energy Recovery's first STEM for Millennials program with Castlemont High School, students from four 9th grade science classes will present their final projects on Thursday, December 18 at Castlemont. In partnership with the Sustainable Urban Design Academy (SUDA), a team of Energy Recovery engineers mentored students ...... read more
Energy Recovery Secures Contract With ConocoPhillips
SAN LEANDRO, Calif., Dec. 9, 2014 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (Nasdaq:ERII), the leader in recycling fluid pressure in the oil and gas, chemical and water industries, announced today that the Company has secured the first sale of its IsoBoost™ system for midstream gas processing to ConocoPhillips. Specifically designed to increase the runtime and reliability while lowering ...... read more
Energy Recovery Announces Launch of VorTeq for Hydraulic Fracturing Industry
SAN LEANDRO, Calif., Dec. 8, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the release of the VorTeq™ hydraulic pumping system, the first product engineered to increase runtime and reduce maintenance costs by rerouting abrasive frac fluid away from existing hydraulic fracturing pumps. The ...... read more
Energy Recovery Enters Hydraulic Fracturing With Industry-Changing Pump Protection System
SAN LEANDRO, Calif., Dec. 8, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in pressure energy technology for industrial fluid flows, today announced its entry into the hydraulic fracturing (fracking) market through today's launch of a revolutionary new product at an investor and analyst event in New York City. The largest operational challenge facing the fracking ...... read more
Shipment of Energy Recovery's PX Q300s Head for World's Largest Oil Refinery in India
SAN LEANDRO, Calif., Dec. 2, 2014 (GLOBE NEWSWIRE) -- Energy Recovery, Inc. (Nasdaq:ERII), the leader in recycling fluid pressure in the oil and gas, chemical and water industries, announced today that Energy Recovery's PX Q300 Pressure Exchanger devices have been shipped to the city of Jamnagar, India to be included in a large desalination expansion. This is one of many seawater reverse ...... read more
Energy Recovery Changes Investor and Analyst Day to Monday, December 8 in New York City
SAN LEANDRO, Calif., Nov. 12, 2014 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, has announced a new date and location for its Investor and Analyst Day, now being held on Monday, December 8, 9:30am-2:30pm, at the Mandarin Oriental Hotel in New York City. The event will unveil a new, disruptive ...... read more
Energy Recovery Reports Unaudited Financial Results for the Third Quarter Of 2014
THIRD QUARTER SUMMARY: Total revenue increased 10% to $5.3 million in the third quarter of 2014, from $4.9 million in the third quarter of 2013 Gross profit margin was 44% in the current period, compared to 60% in the third quarter of 2013, as a result of a product mix shift and lower production levels Operating expenses increased $1.0 million, or 15%, from $6.8 million in the third quarter of ...... read more