Energy Recovery Received Major Orders for Desalination

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Energy Recovery Received Major Orders for Desalination

The company has also received orders for projects utilizing its PX Pressure Exchanger technology in India and Ghana. The contracts, worth about $1 m, are expected to be delivered in the first half of 2015

Energy RecoveryInc. (NASDAQ:ERII) , the leader in pressure energy technology for industrial fluid flows, announced new desalination orders for projects utilizing its PX® Pressure Exchanger® Technology inIndiaandGhana. Collectively, these original manufacturer (OEM) projects represent approximately$1 millionin revenue and are expected to be delivered in the first half of 2015.

Project Overview

Joey Gay, Chief Financial Officer ofEnergy Recovery, stated, "We are continuing to see steady revenue from small-to-medium sized OEM orders internationally. We are fortunate to partner with companies likeVeoliaand many others that value our innovations. We intend to continue keeping investors apprised of orders such as these, where we are continuing to maintain our market-leading position for global desalination projects where energy efficiency and reliability are valued."

About Energy Recovery

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 theSan Francisco BayArea,Energy Recoveryhas offices inShanghai andDubai.

Source: Energy Recovery

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