Press Releases
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
Deadline in Lawsuit for Investors in Energy Recovery, Inc. (ERII) Shares Announced by Shareholders Foundation
SAN DIEGO, Feb. 10, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed on behalf of certain purchasers of shares of Energy Recovery, Inc. (ERII) over alleged Federal Securities Laws Violations by Energy Recovery. Investors who purchased a significant amount of shares of Energy Recovery, Inc. (Nasdaq:ERII) between March 14, 2012 and January 13, 2015, ...... read more
Energy Recovery Appoints Two New Members to Board of Directors
Appointments Strengthen Company’s Presence in Each of its Targeted Industry Segments SAN LEANDRO, Calif.--(BUSINESS WIRE)-- Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the appointments of Mr. Ole Peter “OP” Lorentzen and Mr. Alexander J. Buehler to its Board of Directors effective February 6, 2015. The addition of ...... read more
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