News Releases
Tampa, FL, September 16, 2008 - The Ministry of Electricity and Water (MEW) of Kuwait awarded Doosan Heavy Industries & Construction the 136,000 m3/day (36 million US gallons per day (MGD)) Shuwaikh Seawater RO Desalination Plant with Recarbonation system. Doosan Heavy Industries & Construction is executing the project on an EPC basis while Doosan Hydro Technology, the wholly owned US based subsidiary, will partially provide basic process design engineering, as well as detail engineering review services. Energy Recovery, Inc. (“ERI”) (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for desalination was also contracted for its innovative PX Pressure Exchanger (PX) technology for the Shuwaikh SWRO project. | » Learn More
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for desalination, announced that the company recruited seasoned water treatment applications veteran and membrane housing expert Douglas Eisberg to be the company's Product Director. | » Learn More
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for desalination, announces that the Spanish joint venture of FCC / AQUALIA / BEFESA group of companies awarded the contract for energy recovery equipment for its Bajo Almanzora seawater desalination project to ERI. The plant will supply 60,000 m3/day (15.9 MGD) of fresh water to the region. | » Learn More
Energy Recovery, Inc. (Nasdaq:ERII), a global leading provider of ultra efficient energy recovery products and technology for seawater desalination, announced today the results of its second quarter ended June 30, 2008. In the second quarter of 2008, ERI achieved net revenue of $12.0 million, an increase of 247% compared to revenue of $3.5 million reported for the same period a year ago. Year to date for 2008 net revenue was $21.1 million, which represented an increase of 99% over net revenue of $10.6 million for the six months ended June 30, 2007. ERI reported net income of $1.8 million, or $0.04 per diluted share, for the three months ended June 30, 2008 compared to a loss of $0.4 million, or $(0.01) per diluted share, for the same period last year. Year to date for 2008 net income was $2.8 million, or $0.07 per diluted share, compared to $0.7 million, or $0.02 per diluted share, for the same period last year. | » Learn More
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for desalination, announced that it has been awarded a contract to provide the energy recovery technology for the Hamriyah (Phase 1) Power Station Seawater Reverse Osmosis (SWRO) Desalination Plant. Aqua Engineering GmbH and ERI have signed a supply agreement for PX(R) energy recovery devices for the 91,000 cubic meters per day (m3/day) (24 million gallons per day (MGD)) plant to be located in Sharjah, United Arab Emirates. | » Learn More
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for desalination, announced that its PX Pressure Exchanger energy recovery device solution will be installed in one of China's largest seawater desalination plants to date. Hyflux Ltd. (HYFL.SI) and ERI entered into a first time agreement for the Tianjin project which will provide 100,000 cubic meters per day (m3/day) of potable water to the region. | » Learn More
Energy Recovery, Inc. (Nasdaq:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for seawater desalination, announced today that it will release its second quarter results for fiscal 2008 on Tuesday, August 12, 2008, after the market close. The Company will host a conference call for investors on Tuesday, August 12, 2008 at 1:30 p.m. PT. | » Learn More
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for sea water desalination, announced that the company's PX Pressure Exchanger(R) (PX(R)) technology has been selected by IDE Technologies to be the energy recovery device (ERD) solution for the Hadera Sea Water Reverse Osmosis (SWRO) Desalination Plant. The project is currently under construction and is scheduled for completion in 2009. | » Learn More
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for sea water desalination, announced today that legendary radiation-chemistry pioneer Paul M. Cook joined the Company's Board of Directors. | » Learn More
Energy Recovery, Inc. ("ERI") (NASDAQ:ERII) today announced the pricing of its initial public offering of 14,000,000 shares of its common stock at $8.50 per share. Of these shares, 8,078,566 are being sold by ERI and 5,921,434 are being sold by selling stockholders. In addition, ERI has granted the underwriters a 30-day option to purchase an additional 2,100,000 shares of common stock. | » Learn More