Energy Recovery Announces $3.96 Million Order for Hyflux Plant in Oman
The capacity of the plant exceeds 50,000 cubic meters per day, which
qualifies this as a mega project for
Hyflux will use Energy Recovery’s PX-Q300 Pressure Exchanger devices for
the water plant in
The order is expected to ship by the fourth quarter of 2015, with the
Company recognizing revenues upon delivery. The order represents
continued momentum in Energy Recovery’s desalination business, as the
Company has announced over
The award-winning PX Pressure Exchanger remains the most efficient and reliable energy recovery solution on the market for desalination, operating with 98% efficiency in its energy exchange.
About
Energy Recovery (NASDAQ:ERII) develops award-winning solutions to
improve productivity, profitability, and energy efficiency within the
oil & gas, chemical, and water industries. Our products simplify complex
systems and protect vulnerable equipment. By recycling fluid pressure
that would otherwise be lost in critical processes, we save clients more
than $1.4 billion (USD) annually. Headquartered in the
Forward-Looking Statements
This press release contains forward-looking statements that reflect
management's current expectations as to the timing of shipments and
revenue recognition, assumptions and estimates of future performance and
economic and market conditions. Such statements are made in reliance
upon the safe harbor provisions of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. The company
cautions investors that any forward-looking statements are subject to
risks and uncertainties that may cause actual results and future trends
to differ materially from those matters expressed in or implied by such
forward-looking statements. Statements about future opportunity growth
are forward-looking and involve risks and uncertainties.
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