Energy Recovery Awarded Injunction Protecting its Intellectual Property
Energy Recovery Inc (NASDAQ: ERII), the global leader in harnessing reusable energy from industrial fluid flows and pressure cycles, today announced that the federal district court for the Eastern District of Virginia issued an injunction against Leif J. Hauge preventing Mr. Hauge, “whether through Isobarix or any other person or entity, from manufacturing and selling pressure exchangers and replacement parts for Energy Recovery’s pressure exchangers.” In issuing the injunction, the Court found that Mr. Hauge had knowingly violated the Court’s prior Order approving a 2001 settlement between Mr. Hauge and Energy Recovery, and thus was found to be in contempt of the Court’s Order.
Tom Rooney, President and Chief Executive Officer of Energy Recovery, commented, “We welcome the Court’s decision supporting our belief that Mr. Hauge has no right to manufacture or sell pressure exchangers. Energy Recovery has and will continue to protect its intellectual property rights on a global basis.”
A copy of the Court’s Order may be found here.
About Energy Recovery
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure fluid flows and pressure cycles. Through collaboration with industry, Energy Recovery helps make industrial processes within water, oil & gas, and other industries more profitable and environmentally sustainable. With over 14,000 energy recovery devices installed worldwide, Energy Recovery sets the standard for engineering excellence, cost savings, and technical services to clients across the globe. Year after year, the company’s clean technologies save clients over $1.2 Billion (USD) in energy costs. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai. www.energyrecovery.com