Company

Energy Recovery’s ESG Report Showcases Products to Drive Decarbonization in Critical Industries at Lower Cost 

Highlights:

  • Energy Recovery’s newly released ESG report discloses nearly $4 billion saved in energy costs and 14.5 million metric tons of emissions avoided annually for its customers.
  • The company’s pressure exchanger (PX) technology makes sustainable practices more economical, eliminating the difficult decision of “sustainability vs. bottom line” in critical industries such as desalination, industrial wastewater treatment, and CO2 refrigeration.
  • Sustainability and resilience are built into Energy Recovery’s strategy for growth, influencing the company’s approach to innovation and workforce development.

SAN LEANDRO, Calif. – Sept. 13 , 2022 – Energy Recovery, Inc. (NASDAQ: ERII), a premier energy recovery device manufacturer, released its annual Environmental, Social, and Governance (ESG) report this week, underscoring the strong connection between the company’s business goals and its sustainability efforts. This ESG report also showcases the company’s commitment to transparency, offering a comprehensive look at progress against its ESG goals.

Energy Recovery uses its PX technology to reduce energy costs and emissions in critical industries such as desalination, industrial wastewater treatment, and CO2 refrigeration. The report features examples of customers’ use of PX technology in various industries, illustrating how PX-based products can help customers adapt to increasingly stringent global environmental regulations while reducing costs.  

 “By lowering energy consumption for our customers, we’ve been making sustainability affordable since our company’s inception 30 years ago. Even though we’re pleased with our progress to date, we are always looking to improve and are confident in our ability to continue delivering transformational products that improve sustainability and lower costs. Our ESG goals are designed to help us deliver on this vision and are aligned with strategic imperatives for our business, including fostering innovation, workforce development, and reducing climate impacts,” said Robert Mao, Chairman of the Board, President, and Chief Executive Officer of Energy Recovery.

Energy Recovery’s recent entry into the CO2 refrigeration industry demonstrates the company’s focus on enabling sustainable transformation in critical industries.  Mr. Mao adds: “The ongoing global transition from climate-damaging hydrofluorocarbon (HFC) refrigerants to sustainable CO2 refrigeration benefits the environment, but it is more expensive to operate. We help to reduce the higher energy consumption and operating costs associated with CO2 refrigeration, making the sustainable choice much easier.”

Other takeaways from the report include:

  • Energy Recovery’s ESG goals, set in 2020, are over 90% on track. The goals include both quantitative and qualitative targets relating to Employees, Environmental & Climate Change Risks, Innovation & Opportunity, and Products.
  • With its ISO 45001 certification, Energy Recovery is committed to improving safety practices throughout the business.
  • This is the first time the company has reported greenhouse gas (GHG) emissions in its ESG report. Since publishing the 2020 report, the company has calculated its scope 1 – 3 GHG emissions for fiscal years 2020 and 2021.

To read the full report, visit https://bit.ly/ESG_EnergyRecovery.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for commercial and industrial fluid-flow markets worldwide. Building on our innovative pressure exchanger technology platform, we design and manufacture solutions that make commercial and industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research, and development facilities across California and Texas with sales and on-site technical support available globally. To learn more, visit https://energyrecovery.com/.

Press Inquiries

pr@energyrecovery.com

+1 (713) 353-5406

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ir@energyrecovery.com

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Energy Recovery Awarded Over $12.6M in SWRO Contracts in North Africa


SAN LEANDRO, Calif. – Sept. 1, 2022 – Energy Recovery, Inc. (NASDAQ: ERII) today announced a slate of contract awards totaling more than $12.6 million to supply its PX® Pressure Exchanger® energy recovery devices (PX) to seawater reverse osmosis (SWRO) desalination facilities in North Africa, with all orders to be fulfilled by the end of 2022.

Energy Recovery estimates that across the four largest facilities in this group, the PX will prevent more than 130,000 metric tons of carbon emissions each year, the equivalent of removing over 28,000 passenger cars from the road.

When completed, these greenfield desalination facilities will supply hundreds of thousands of cubic meters of clean water each day to communities across North Africa, all of which meet the UN’s threshold to be considered water scarce or very water scarce. This investment into new desalination facilities demonstrates that increasing the supply of potable water and access to stable water sources is a major priority in this region.

“North Africa – much like its neighbor, the Middle East – continues to face a dynamic water crisis brought on by climate change, a growing population, and increasing demand from the industrial sector. These countries in North Africa continue to provide a robust and steady market for us as they invest in strengthening and diversifying their water infrastructure, with desalination playing a key role,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water.

“We are proud that our desalination customers continue to rely on the PX’s product leadership to improve the efficiency of their operations and reduce costs, making clean water more accessible around the world. For nearly 20 years we have been investing and monitoring activity in the region and our investments have paid off in a big way. We now have a cumulative installed capacity in North Africa exceeding four million cubic meters per day, further underscoring our market leadership in the region.”

The PX has a peak efficiency of 98% and is capable of reducing energy consumption in SWRO facilities by as much as 60%. With a 25-year design cycle, the PX can provide significant savings to plant operators for years to come.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order fulfillment; the Company’s estimates of the reduction in carbon emissions as a result of the PX; the Company’s belief that the countries in North Africa provide a robust and stead market for the Company; and our belief that the PX can provide significant savings to plant operators. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

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ir@energyrecovery.com

+1 (281) 962-8105

The Conference Board – Sustainability Summit

Since launching the development of its ESG program and strategy in 2019, Energy Recovery has reshaped its entire business strategy around ESG, expanded its shareholder base, and garnered accolades and improved ratings from the likes of Forbes, IR Magazine, and MSCI.

How? Energy Recovery Chief Financial Officer, Josh Ballard, joins FTI Consulting’s Ben Herskowitz for a candid conversation on the Company’s three-year journey from the ground floor to sustainable ESG success.

Energy Recovery Awarded SWRO Contracts Totaling Over $20 Million in the Gulf Region

SAN LEANDRO, Calif. – April 7, 2022 – Energy Recovery, Inc. (NASDAQ: ERII) today announced multiple contract awards in the Gulf region totaling over $20 million for its PX® Pressure Exchanger® energy recovery devices. The orders are expected to be fulfilled by Q4 of 2023 and altogether, the desalination plants will be able to provide over one million cubic meters of water each day in this water-scarce region of the world.

When these projects are completed, they will produce enough drinking water to fill over 400 Olympic swimming pools per day. Moreover, Energy Recovery estimates that the PXs supplied to these plants will prevent more than 424,000 metric tons of carbon dioxide emissions per year, which is equivalent to the amount of emissions from over 92,000 passenger cars.

In just the past 20 years, the Gulf’s population has increased by 55%, putting incredible strain on the region’s water supply. Countries in the Gulf region rank among the most water-stressed countries in the world.

“The reliable and efficient production of clean, drinkable water is of critical importance in arid regions like the Gulf region,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “Energy Recovery’s reputation for producing dependable products is one of the main reasons why customers trust our PX to perform even under harsh conditions, bringing down the costs and energy consumption of what was once an highly energy intensive process. The performance of our technology remains reliable, repeatable, and predictable, allowing us to contract approximately 12 million cubic meters of installed capacity across the region.”

Energy Recovery’s PX can reduce energy use in Sea Water Reverse Osmosis facilities by up to 60%. The PX provides the lowest lifecycle cost of any energy recovery device available on the market, providing significant savings to plant operators and bringing down the cost of clean water.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; and our belief that our technology provides the lowest lifecycle cost of any energy recovery device available on the market.. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

PR@energyrecovery.com

+1 (713) 353-5406

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

ATMO World Summit – Energy Recovery

On March 30, Energy Recovery will host a webinar featuring our PX G1300 refrigeration product as part of the ATMO World Summit 2022.

Our experts will present the technology behind our PX G1300 and discuss the energy saving benefits it provides for CO2 refrigeration system operators.

Wednesday, Mar. 30, 2022 (9 am EDT)

To join the webinar, please register here.

Energy Recovery Receives Industrial Wastewater Treatment Contracts Totaling $885K in New Market Verticals in Asia

SAN LEANDRO, Calif. – February 17, 2022 – Energy Recovery, Inc. (NASDAQ: ERII) today announced two awards to supply its PX® Pressure Exchanger® (PX) energy recovery devices and an array of pumps to support industrial wastewater treatment operations at a battery-grade lithium carbonate manufacturing facility in Tibet, China and a textile wastewater treatment facility in Rajasthan, India.

Both projects will utilize Energy Recovery’s flagship PX in the seawater reverse osmosis (SWRO) desalination portion of their industrial wastewater treatment operations.  

The textile wastewater treatment facility in India will utilize a combination of Energy Recovery’s PXs, turbochargers, and boosters to maximize efficiency. The operation in China is at one of the largest salt lakes in the world and will produce lithium carbonate, a crucial ingredient in lithium-ion batteries that power electric vehicles. Energy Recovery’s PXs will help make treating industrial wastewater associated with lithium mining operations more energy efficient.

“Energy Recovery’s technology has always accelerated the environmental sustainability of critical industrial processes,” said Robert Mao, Energy Recovery’s President and CEO. “Our products continue to bring affordable, drinkable water to communities around the world. Today, by making wastewater treatment more energy efficient, our products are also making industrial operations like textile manufacturing and lithium mining into cleaner, greener processes.”

More regions are prioritizing sustainable wastewater treatment as the world faces dwindling freshwater resources, and regulatory pressure to reduce pollution from industrial operations increases. The opportunity for industrial wastewater treatment is vast – more than 16%of global freshwater withdrawals end up as industrial wastewater, flowing back into the world’s aquatic ecosystems without being treated.

“The need to efficiently and sustainably treat wastewater is truly a global issue,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “Particularly in fast-developing countries that have embraced industry and manufacturing – like much of South Asia – wastewater treatment will no longer be a nice-to-have, but a must-have. With Energy Recovery’s state-of-the-art technology, wastewater treatment can also be an energy efficient, economical, and more environmentally friendly process.”

The emissions and cost savings of the PX will enable industrial producers to better align with the UN Sustainable Development Goals (SDGs), which include targets that seek to improve water quality by reducing pollution and halving the proportion of untreated wastewater globally. Reducing the energy usage and emissions associated with wastewater treatment will be an essential step for a more sustainable future – according to estimates by the International Energy Agency, total energy consumption for the water treatment industry is expected to increase by 130% through 2040.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Forward Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that with the Company’s state-of-the-art technology, wastewater treatment can be an energy efficient, economical and more environmentally friendly process. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

Press Inquiries

PR@energyrecovery.com

+1 (713) 353-5406

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

Membrane Technology Conference 2022 – Energy Recovery


From February 21-24, Energy Recovery will be exhibiting at MTC22 in Las Vegas.

Our experts will be hosting presentations at Booth 700, showcasing applications of our energy recovery devices for desalination and industrial wastewater treatment.

Tuesday February 22 (3PM): “Industrial Wastewater Treatment with MLD/ZLD
– Eric Kadaj (Energy Recovery) and Tina Arrowood (DuPont Water Solutions)

Wednesday February 23 (3PM): The First U.S. Installation of a BWRO Pressure Exchanger
– Juan Miguel Pinto (Energy Recovery) and Kimley-Horn

Energy Recovery to Host Year End and Fourth Quarter 2021 Financial Results Conference Call on February 24, 2022

SAN LEANDRO, Calif. — January 25, 2022 — Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2021, on February 24, 2022 after market close.

The Company will also host a conference call to discuss the fourth quarter and year-end financial results and related matters on Thursday, February 24, 2022 at 2:00 PM PT / 5:00 PM ET. 

EARNINGS RELEASE

Thursday, February 24, 2022 (after market close)

LIVE CONFERENCE CALL 

Thursday, February 24, 2022, 2:00 PM PDT / 5:00 PM EDT
Listen-only, US / Canada Toll-Free: +1 (877) 709-8150
Listen-only, Local / International Toll: +1 (201) 689-8354
Access code: 13726065

CONFERENCE CALL REPLAY
Expiration: Thursday, March 24, 2022
US / Canada Toll-Free: +1 (877) 660-6853
Local / International Toll: +1 (201) 612-7415 
Access code: 13726065

Investors may also access the live call or the replay over the internet at ir.energyrecovery.com/websites/energyrecover/English/2200/calendar.html.

The replay will be available approximately three hours after the live call concludes.

About Energy Recovery

Energy Recovery (NASDAQ:ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for water desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, visit www.energyrecovery.com.

Contact

Investor Relations

ir@energyrecovery.com

+1 (281) 962-8105

Energy Recovery Awarded Nearly $25 Million in Contracts with SWRO Plants in Kingdom of Saudi Arabia

SAN LEANDRO, Calif. — Jan. 19, 2022 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling nearly $25 million for its PX® Pressure Exchanger® energy recovery devices for desalination plants in the Kingdom of Saudi Arabia, as well as several of the company’s PX PowerTrain™ solutions. The capacity for the combined plants will be 1 million cubic meters per day, and the orders are expected to be fulfilled by the close of Q1 2022.

The plants are part of a local initiative to replace energy-intensive, outdated thermal technologies with the more efficient and economical seawater reverse osmosis technology (SWRO), all while drastically improving the supply of drinking water in Saudi Arabia. The projected cost of producing desalinated water across these facilities is US$0.32 per cubic meter, making it one of the lowest tariffs for desalinated water in the Middle East. When the projects are complete, the production and supply of water will be doubled while energy costs will be significantly reduced by US$2.34 billion annually across all facilities.

“In arid regions such as the Kingdom of Saudi Arabia, the dependable and efficient production of potable water is tantamount,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “The unique design of Energy Recovery’s PX makes it the most durable, reliable, and economical solution for desalination plants that must phase out costly and outdated multistage flashing technologies. Coupled with our PowerTrain solution, customers are assured optimal production of water, all while saving money and reducing the environmental impacts that come with wasted energy.”

Energy Recovery’s PX reduces energy use by up to 60% in SWRO facilities and provides the lowest lifecycle cost of any energy recovery device available on the market – significant savings that make SWRO desalination an attractive option to governments seeking to drought-proof their water infrastructure. The PX PowerTrain is a custom manifold solution, simplifying the integration of PX devices in a facility. 

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; and our belief that our technology is the most durable, reliable and economic solution for desalination plants.. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

Joan Chow Joins Energy Recovery Board of Directors

SAN LEANDRO, Calif. — December 20, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) today announced the appointment of Joan Chow to its Board of Directors.

“We are delighted to have Ms. Chow join our board, who brings years of experience as an executive and corporate director in multiple industries,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. “As we continue to expand the application of our PX technology to new industries, a broad range of perspectives and experience on the board is critical. Her deep marketing expertise and past success with providing insights and cultivating relationships with leading retail grocers– key customers for our refrigeration business – will be tremendously valuable to our continued success.”  

Ms. Chow has extensive leadership experience in integrated marketing and branding, consumer insights, and human resources matters. She has held executive positions at some of the world’s most recognizable companies, most recently serving as Chief Marketing Officer of the Greater Chicago Food Depository. Prior to that, Ms. Chow was the Executive Vice President and Chief Marketing Officer at ConAgra Foods, Inc., now known as Conagra Brands, one of North America’s leading packaged food companies. While at ConAgra, Ms. Chow led the global marketing team, which included a focus on activating ConAgra’s grocery retail channel partners through shopper insights and marketing. She has also held senior marketing roles at Sears Holdings Corporation, Information Resources, Inc., and Johnson & Johnson Consumer Products, Inc.

Ms. Chow currently serves as Chair of the Compensation Committee and a member of the Governance Committee at Welbilt, Inc. She is also a director at High Liner Foods and Spectrum Brands. Ms. Chow previously served as a director of The Manitowoc Company, RC2 Corporation, and Feeding America.

“I am thrilled to join a company with such a bright future ahead of it,” said Ms. Chow. “Energy Recovery has perfected a technology that can not only be applied to many different industries, but can make each of them more sustainable and efficient. I look forward to helping advance Energy Recovery’s vision of a more sustainable future through continual growth and innovation.”

Ms. Chow holds an M.B.A. from the Wharton School of the University of Pennsylvania and a B.A. with Distinction from Cornell University.

For a full list of Energy Recovery Board of Directors members, please visit https://energyrecovery.com/about-us/board-directors/.  

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

AHR Expo – Energy Recovery

Energy Recovery (NASDAQ: ERII) will be exhibiting at the AHR Expo, a unique forum that convenes manufacturers of all sizes and specialties to showcase the future of refrigeration technology. The show will take place from Jan. 31 through Feb. 2, 2022, in Las Vegas.

Members of Energy Recovery’s sales and technical team will be at Booth No. C6810 to exhibit the Company’s new PX G1300™ energy recovery device, which has been designed to reduce energy consumption and operating costs in carbon dioxide (CO2) refrigeration systems. This technological breakthrough comes at a time when the Biden Administration has pledged to reduce HFCs, a predominant component in air conditioners and refrigerators, by 85 percent over the next 15 years.

Carbon dioxide is one of the most sustainable and safe natural refrigerants and the transition to CO2 based refrigeration systems is continuing to accelerate. The PX G1300 energy recovery device reduces the energy consumption associated with CO2 refrigeration systems in a broad range of operating conditions helping ensure grocers are compliant with upcoming GWP reduction regulations.

“The PX G1300 addresses both the sustainability and cost challenges of grocers,” said KC Chen, VP of Engineering and New Product Launch. “This technology, which has been trusted by the desalination industry for decades, aims to not only reduce energy consumption and lower operating costs, but also reduce emissions associated with energy consumption.”

This year’s AHR Expo will take place in-person, and masks are required for all attendees indoors, including vaccinated individuals. Participants will benefit from the ambiance and networking of a live event, knowing that protocols are in place to ensure a safe and exciting conference.

Energy Recovery at AHR Expo in Las Vegas, 2022

Webinar Replay – Reducing Energy Costs for Industrial Wastewater Treatment

Energy Recovery hosted a webinar titled “Reducing Energy Costs for Industrial Wastewater Treatment: Meeting MLD/ZLD Goals with UHPRO.”

This webinar will give an overview of ZLD/MLD for industrial wastewater treatment and its treatment drivers. It assesses Ultra High Pressure Reverse Osmosis (UHPRO) technology as the emerging technology for brine concentration in ZLD/MLD processes. The webinar will also introduce Energy Recovery’s ERD solutions for UHPRO systems, including the Ultra PX, that further reduces the energy cost (OPEX) for UHPRO process.

Energy Recovery Signs Agreement with Vallarta Supermarkets for First Commercial PX G Deployment

SAN LEANDRO, Calif. and SAN FERNANDO VALLEY, CA— November 2, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) and Vallarta Supermarkets, a California-based company with more than 50 locations, today announced an agreement to install Energy Recovery’s PX G1300 (PX G) energy recovery device in Vallarta Supermarkets’ store located in the City of Indio in Southern California.

“As we’ve committed to doing all we can to reduce our impact on the environment, we have been hunting for new technology and solutions that will enable us to operate our current CO2 refrigeration unit more efficiently and use less energy,” said Miguel Gonzalez, CEO for Vallarta. “We are thrilled to find a solution with Energy Recovery, and the efficiencies made possible by the PX G will ultimately help us meet our sustainability goals.”

Over the last several years, Vallarta Supermarkets has implemented an energy efficiency program that has led to a 15% reduction of electricity consumption across the majority of their stores. In September 2019, Vallarta Supermarkets was awarded the 2019 Clean Energy Champion by Southern California Edison in recognition of the company’s sustainability efforts.

Vallarta Supermarkets will install the PX G in the Indio store’s carbon dioxide (CO2) refrigeration system. The PX G can reduce the energy consumption and operating costs of CO2 refrigeration in a broad range of operating conditions. While CO2 systems are more environmentally friendly than incumbent refrigerants such as climate damaging hydrocarbons (HFCs), CO2 systems are more energy intensive to operate, especially in warmer climates such as Indio where temperatures regularly reach above 100 degrees Fahrenheit/38 degrees Celsius. The PX G is designed to solve this challenge, making it financially attractive for retailers to make the switch to CO2 systems.

“Left unchecked, HFCs are projected to increase global temperatures by a half-degree Celsius by 2100. With the PX G, our goal is to pave the way for the next-generation CO2 refrigeration system that allows retailers to save on energy costs while complying with regulations phasing out HFCs,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. “We are proud to work with a partner who shares our commitment to sustainability. We look forward to demonstrating the PX G’s performance in a real world commercial environment. Our confidence in our technology’s ability to reduce energy consumption is high and we are putting our money where our mouth is. Under this initial deployment, we will only receive payments based off of the amount of energy we save.”

About Vallarta Supermarkets

Since 1985, Vallarta Supermarkets has grown to a total of 53 stores throughout different counties in California (Los Angeles, Ventura, San Bernardino, Kern, San Diego, Santa Barbara, Tulare, Orange and Fresno). The Gonzalez family has adhered to their strong work ethic and has made it part of their company culture ensuring that all their team members, more than 8,000, strive for excellence.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

Energy Recovery Wins Contracts Totaling over $21.9 Million for SWRO Plants in Kingdom of Saudi Arabia

SAN LEANDRO, Calif. — Oct. 26, 2021 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling more than $21.9 million for its PX® Pressure Exchanger® (PX) energy recovery devices and related equipment and services for seawater reverse osmosis desalination (SWRO) plants in the Kingdom of Saudi Arabia.  The orders are expected to ship through Q2 of 2022, and the plants will be able to produce a combined total over one million cubic meters of water per day (m3/day).

Energy Recovery’s PX reduces energy use by up to 60% in SWRO facilities and provides the lowest lifecycle cost of any energy recovery device available on the market – significant savings that make SWRO desalination an attractive option to governments seeking to build a more robust water supply strategy. The Kingdom of Saudi Arabia, which has a population of about 33.4 million, is the world’s third largest per capita consumer of water after the United States and Canada. Safe and reliable water is essential for the region, and the SWRO plants leveraging the industry-leading PX will support that essential need.

“Climate change and industrial wastewater pollution both impact an increasingly strained water supply in the world’s most arid regions,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “Our customers trust Energy Recovery to provide best-in-class products and impeccable service for desalination and industrial wastewater treatment plants. The power and performance of our PX has been proved time and again in the Kingdom of Saudi Arabia where we have 24 mega project sized facilities that provide a total of 8 million m3/day of essential clean water.”

The unique design of the PX provides unparalleled reliability and performance for desalination facilities. The ceramic core at the heart of each PX is composed of four simple components and only one rotating part. The powerful and efficient system requires no scheduled maintenance over the lifetime of a plant and helps ensure uninterrupted operations as well as significant energy savings. Energy Recovery estimates that the PXs supplied to the plants will prevent more than 490,810 metric tons of carbon dioxide emissions per year, equivalent to removing more than 106,741 passenger vehicles from the road annually.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; our belief that our technology provides the lowest lifecycle cost of any energy recovery device available on the market; our belief that the PX provides unparalleled performance and reliability for desalination plants;  and estimates of the reduction in these facilities annual carbon dioxide emissions. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

Energy Recovery Hosts ESG-Focused Webinar with Company Leaders

September 28, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) tomorrow will host an ESG-focused webinar, “Charting Sustainable Growth with ESG Principles,” in which company leaders will review highlights of the company’s ESG program and how ESG is linked to driving long-term, sustainable growth for Energy Recovery and its stakeholders.   

The webinar will take place on Wednesday, September 29 at 9:00 AM ET/1:00 PM UTC. To learn more about the event, register for the live webcast, or view the recording after the session, please visit https://bit.ly/ESG_webinar.

Energy Recovery leaders will provide an update on the company’s latest sustainability initiatives following the recent release of its second annual ESG report. Presenters include:

  • Robert Mao, Chairman of the Board of Directors, President and Chief Executive Officer
  • Joshua Ballard, Chief Financial Officer
  • Farshad Ghasripoor, Chief Technology Officer
  • Rodney Clemente, Senior Vice President, Water
  • Jim Siccardi, Vice President, Investor Relations
  • Nocair Bensalah, Vice President, Operations
  • Kelley Vendeland, Senior Director, Communications & ESG

The presentation will be followed by a live question and answer session with company leaders. Questions may be submitted via the webinar platform during the session.

To learn more about Energy Recovery’s ESG commitments, or to download a copy of the 2020 ESG Report, please visit https://bit.ly/2020_ESG_REPORT. The report aligns to leading sustainability frameworks and reporting standards, including the Sustainability Accounting Standards Board as well as select disclosures from the Global Reporting Initiative and the United Nations Sustainable Development Goals.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Contact

ESG@energyrecovery.com

+1 (510) 219-8462

Lisa Pollina Joins Energy Recovery Board of Directors

SAN LEANDRO, Calif. — September 20, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) today announced the appointment of Lisa Pollina to its Board of Directors.

“Ms. Pollina’s deep expertise in banking and capital markets, and her extensive leadership experience in many other forums, will be a tremendous asset as we pursue our strategy of disciplined and diversified growth. She has served as a trusted advisor to major private financial institutions as well as the U.S. Federal Reserve and served on multiple corporate boards over the years,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. “Through both her global business responsibilities and engagement with multiple international organizations such as the Atlantic Council of the United States and various NATO-related groups over many years, Ms. Pollina brings with her a unique international perspective that will help guide our business decisions here and abroad.”

Ms. Pollina currently provides private equity advisory for alternative asset manager Ares Management (NYSE: ARES) on portfolio investments worldwide. Ms. Pollina previously served as the Vice Chairman for RBC Capital Markets, a $5 billion division of the Royal Bank of Canada, where she grew revenues by 27% during her tenure. Named one of the ‘Top 25 Most Powerful Women in Finance’ by American Banker magazine, she has been a seven-year appointee to the Federal Reserve Bank of the United States’ Working Group on Financial Markets, and an attendee at the International Monetary Fund and World Bank meetings alongside those of the World Economic Forum.

“I am honored to be joining Energy Recovery, especially as the company is entering an important new phase of innovation and growth,” said Ms. Pollina. “With the expansion of our technology into new industries such as industrial wastewater treatment and commercial and industrial refrigeration, I look forward to helping guide the company’s upward trajectory.”

Ms. Pollina holds a Bachelor of Science degree from Western Michigan University, an MBA from the Yale School of Management, and has taught strategy at Yale University and corporate finance at the University of Chicago.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

Energy Recovery Joins NASRC, Introducing Energy-Saving Innovations for CO2 Systems

San Leandro, CaliforniaEnergy Recovery, an energy recovery device manufacturer of technologies that solve complex challenges for industrial fluid-flow markets worldwide, has joined the North American Sustainable Refrigeration Council (NASRC) at the silver level.

NASRC is an action-oriented 501c3 nonprofit working in partnership with the supermarket industry to create a climate-friendly future for refrigeration by eliminating the barriers to natural refrigerant adoption in supermarkets. Natural refrigerants – including ammonia, hydrocarbons, and carbon dioxide (CO2) – have zero or near-zero global warming potential (GWP), making them a climate-friendly alternative to hydrofluorocarbon (HFC) refrigerants.

HFCs are super-polluting greenhouse gases growing faster than any other greenhouse gas on the planet, and phasing them out has been identified as one of the most impactful climate solutions globally. As a result, supermarkets are facing increasing regulatory pressures and new corporate sustainability commitments to transition away from HFCs. Though natural refrigerants are the most climate-friendly solution, unique market challenges such as upfront cost premiums, service readiness, technology gaps, and uncertainty around energy performance have prevented their widescale adoption.

Energy performance is particularly important to achieving the lowest possible carbon footprint in supermarkets, as they represent the most energy-intensive type of commercial building, and their refrigeration systems are usually the largest source of energy use. CO2-based refrigeration systems have faced particular scrutiny for energy performance challenges in warm ambient climates. Though CO2 often performs well as a refrigerant in cool ambient climates, it has been shown to be less energy efficient in warm ambient climates without additional energy-saving design features.

Energy Recovery, which focuses on designing and manufacturing solutions that make industrial processes more efficient and sustainable, is working to address that challenge. The company’s newest pressure exchanger device, the PX G1300, allows CO2-based refrigeration systems to operate more efficiently in all ambient temperatures. It works by harvesting pressure energy to reduce compressor work and lessen power requirements, in turn increasing the efficiency of the system and contributing to a lower overall carbon footprint.

“Energy Recovery has been making industrial processes more sustainable and affordable for nearly three decades, and we’re excited that our innovative technology can do the same for the CO2 refrigeration industry,” said Kuo-Chiang (K-C) Chen, vice president of engineering and new product launch, Energy Recovery. “Our PX not only enables the use of natural refrigerants that have a significantly lower global warming potential, but also reduces electricity use of the entire system. We’ve found a partner with a shared goal in the NASRC, and we look forward to working together to future-proof CO2 refrigeration.”

The company has now joined NASRC’s network of over 140 stakeholders from across the refrigeration industry who are all contributing to NASRC’s work to advance natural refrigerants.

“We welcome Energy Recovery to our growing network and look forward to leveraging their expertise,” said Danielle Wright, executive director of NASRC. “Optimizing energy performance is critical to the future success of natural refrigerants and to achieving the maximum emissions reduction potential in the supermarket sector.”

NASRC’s membership network represents more than 38,000 US food retail locations and stakeholders from virtually every sector of the commercial refrigeration industry, including service contractors, manufacturers and suppliers, consultants, engineering firms, trade associations, distributors, and nonprofits.

Register for NASRC’s Sustainable Refrigeration Summit to access a free, on-demand presentation of Energy Recovery’s PX G1300 device. More information about Energy Recovery can be found here: https://energyrecovery.com/refrigeration/.

Webinar: Charting Sustainable Growth with ESG Principles

Energy Recovery (ERI) is hosting an ESG webinar in which it will provide an update on its latest sustainability initiatives following the recent release of its second annual ESG report. ERI designs and manufactures solutions to accelerate the environmental sustainability of customers’ operations. The webinar will allow participants to engage with ERI leaders, who will provide greater insight into multi-sector applications of ERI’s pressure exchanger technology and the company’s plan to drive long-term, sustainable growth for stakeholders.

Stock: Energy Recovery (NASDAQ: ERII)

Duration: 60 minutes

Energy Recovery Publishes Second Annual ESG Report; Announces Webinar with Company Leaders

SAN LEANDRO, Calif. — September 1, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) today announced the release of its second annual Environmental, Social and Governance (ESG) Report. The report details the company’s ongoing efforts to drive industrial sustainability, incorporate sustainability principles throughout its products and practices, and invest in its people to support its growth strategy.  

“Today, our company reached another milestone on our ESG journey, and we remain confident that the intellectual curiosity and dedication of our team will allow us to continue executing on our strategic imperatives,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. “As we continue to grow and diversify our business, we want to ensure our sustainability and business strategies are aligned and that we hold ourselves accountable in meaningful ways. We have outlined in this year’s report several new and ambitious ESG goals that we believe will accelerate our progress as we seek to push the boundaries of innovation, advance the sustainability of both our customers’ and our own operations, and create value for all stakeholders.”

Energy Recovery’s newly released ESG goals, rooted in insights from a comprehensive materiality assessment the company conducted, will help guide the company’s environmental footprint, people, products, and operations. Select ESG goals include:

  • Double emissions reductions from Energy Recovery products by the end of 2025 based on a 2019 baseline
  • Report climate-related risk strategy and management aligned with the Task Force on Climate-related Financial Disclosures’ recommendations by the end of 2024
  • Increase diversity within the Board of Directors by adding two additional female directors to the Board in 2021
  • Achieve ISO 14001 Environmental Management Standard certification – a highly regarded and internationally recognized certification for environmental management – by the end of 2022

Energy Recovery will also host an ESG-focused webinar, “Charting Sustainable Growth with ESG Principles,” later this month, during which company leaders will review highlights of the company’s ESG program and how it is linked to driving long-term, sustainable growth for the company and its stakeholders.

The webinar will take place on Wednesday, September 29 at 9:00 AM ET/1:00 PM UTC. To learn more and register for the webinar, visit https://bit.ly/ESG_webinar.

To learn more about the company’s ESG commitments, or to download a copy of the 2020 ESG Report, please visit https://bit.ly/2020_ESG_REPORT. The report aligns to leading sustainability frameworks and reporting standards, including the Sustainability Accounting Standards Board as well as select disclosures from the Global Reporting Initiative and the United Nations Sustainable Development Goals.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Contact

ESG@energyrecovery.com

+1 (510) 219-8462

Energy Recovery Wins Additional Awards to Boost Sustainability of Chinese Industrial Wastewater Treatment Facilities

SAN LEANDRO, Calif. — August 3, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) today announced new awards to support the industrial wastewater treatment operations of lithium-ion battery manufacturing, chemical manufacturing and landfill leachate facilities in China. All three facilities will purchase Energy Recovery’s Ultra PX™ energy recovery devices (ERD), while the lithium-ion battery facility will also purchase PX® Pressure Exchanger® (PX) ERDs.

China requires industrial wastewater facilities to adopt Minimal Liquid Discharge (MLD) and Zero Liquid Discharge (ZLD) treatment processes in which most to all wastewater is purified and recycled, leaving little to no discharge at the end of the treatment cycle.

Multiple energy-intensive treatment stages are needed to achieve MLD and ZLD. Each treatment stage applies increasingly higher pressures to filter the wastewater, starting with pressures lower than seawater reverse osmosis (SWRO), to pressures similar to SWRO, to ultra high-pressures nearly double that of SWRO depending on the application. The Ultra PX and the PX significantly reduces energy consumption, costs and emissions associated with the latter two treatment stages. The PX reduces energy consumption by up to 60 percent for the SWRO stage, and the UItra PX reduces energy consumption by up to 60 percent in the ultra high-pressure stage.

“These awards are evidence that reverse osmosis adoption is accelerating, and with it, opportunities for our PX and new Ultra PX,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. “Heavy industry from battery manufacturing to textiles are working to green their wastewater treatment and meet stringent government regulations. With our versatile pressure exchanger technology, Energy Recovery can help industries meet this challenge and work together to define the ZLD and MLD system of the future.”

China’s overall industrial sector is expected to grow by almost 8 percent, including many industrial sectors that require wastewater treatment. This is especially true in the water scarce areas of Northern China. Lithium-ion battery production, landfill leachate, and coal-to-chemicals are just a few of the industries facing tremendous pressure to manage their wastewater. China’s 13th Five-Year Plan in 2016 committed to spend around 0.75 percent of its GDP on its water treatment industry. Other countries, notably India, are also moving to strengthen industrial wastewater requirements. Energy Recovery previously announced contracts to supply the Ultra PX to a natural gas plant in China and a chemical manufacturer in India.

Forward-Looking Statements 

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that the awards will ultimately convert into contracts; our belief that the adoption of UHPRO is accelerating and, in turn, that the Company will find opportunities for its Ultra PX; our belief that the Company can help industries meet stringent government regulations and green their wastewater treatment; and our belief that the Company can help define the ZLD and MLD system of the future. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise. 

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

Energy Recovery Announces Project Awards in Asia Totaling Over $6 Million

SAN LEANDRO, Calif. — July 22, 2021 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling over $6 million for its PX® Pressure Exchanger® (PX) energy recovery devices and related equipment and services to multiple seawater reverse osmosis (SWRO) desalination facilities in Asia. These orders are currently shipping to customers and are scheduled to be fulfilled by the end of Q3 2021. 

Asia’s need for clean water is intensifying, driven by population growth, industrialization, rapid urbanization, and climate change. Energy Recovery’s PX reduces energy use by up to 60% in SWRO facilities and provides the lowest lifecycle cost of any energy recovery device available on the market – significant savings that make SWRO desalination an attractive option to governments seeking to drought-proof their water infrastructure.

Energy Recovery estimates that the PXs supplied to these facilities will prevent more than 126,000 metric tons of carbon dioxide emissions per year, equivalent to removing more than 27,000 passenger vehicles from the road annually. Once these contracts are completed, Energy Recovery will support the production of over 118 million cubic meters of fresh water per year.

“Water related challenges are particularly acute in Asia, which is home to half the world’s population but has less fresh water than any continent except Antarctica. At the same time, the region’s population is projected to increase rapidly over the coming years,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “These project awards reflect a concentrated effort by many Asian countries to drought-proof their water systems. We are seeing this play out with China’s five-year plan to increase seawater desalination utilization to ensure sufficient fresh water supply. We are very proud that Energy Recovery’s trusted PX solutions can help deliver essential water resources to communities in need, all while significantly reducing wasted energy and emissions that can be extremely harmful to our planet.”  

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; and our belief that our technology provides the lowest lifecycle cost of any energy recovery device available on the market. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

Press Inquiries

pr@energyrecovery.com

+1 (510) 219-8462

Investor Inquiries

ir@energyrecovery.com

+1 (281) 962-8105

Energy Recovery Awarded $13.8 Million Contract with Planned Largest SWRO Plant in Israel

SAN LEANDRO, Calif. — June 8, 2021 — Energy Recovery (NASDAQ: ERII) today announced contract awards totaling over $13.8 million for its PX® Pressure Exchanger® (PX) energy recovery devices and PX PowerTrain™ system, supporting the construction of the Sorek B Seawater Reverse Osmosis Desalination (SWRO) Plant led by IDE Technologies. The order is expected to ship between Q3 and Q4 of this year.

Once completed, the Sorek B Plant will be the largest SWRO plant in Israel and one of the largest facilities in the world, producing 200 million cubic meters per year. The plant is expected to be commissioned between Q3 2022 and Q1 2023.

“Like many nations along the Mediterranean coastline, Israel has recently experienced unprecedented droughts leading to significant strain on the country’s fresh water supplies,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “We are extremely proud to supply our trusted PX technology to the Sorek B Plant and to support the deployment of drought-proof water solutions in the region. We are confident our technology provides the lowest lifecycle cost of any energy recovery device available on the market while significantly reducing energy use and emissions.”  

“Energy Recovery’s pressure exchanger technology is already a trusted global standard. The addition of the PX PowerTrain makes the deployment of the PX even more streamline, allowing us to meet tight project timelines reliably,” said Gregory Shtelman, Partnership Deputy Manager and Desalination Project Manager at IDE. “The PX PowerTrain system, Energy Recovery’s knowledgeable team, and our experience working with the company on previous projects made Energy Recovery the easy choice. IDE Technologies is proud to partner with Energy Recovery in providing comprehensive water solutions to regions in need, and to empower ground-breaking facilities like our Sorek B Plant.”

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates on order shipment; and our belief that our technology provides the lowest lifecycle cost of any energy recovery device available on the market. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2020 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

About IDE Technologies

A world leader provider of desalination and water treatment solutions, IDE specializes in the development, engineering, construction and operation of some of the world’s largest and most advanced thermal and membrane desalination facilities and industrial water treatment plants. IDE partners with a wide range of customers – municipalities, oil & gas, mining, refineries and power plants – on all aspects of water projects, and delivers approximately 3 million m3/day of high-quality water worldwide.

For more information, visit www.ide-tech.com.

Press Inquiries
Energy Recovery
pr@energyrecovery.com
+1 (510) 219-8462

IDE Technologies
nillym@ide-tech.com
972-506388240

Investor Inquiries
Energy Recovery Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Energy Recovery’s Inaugural ESG Report Shortlisted for CRRA’s Best 1st Time Sustainability Report

SAN LEANDRO, Calif. — May 13, 2021 — Energy Recovery, Inc. (NASDAQ: ERII) today announced its inaugural Environmental, Social and Governance (“ESG”) report has been shortlisted for Best 1st Time Sustainability Report by the Corporate Register Reporting Awards (“CRRA”) along with eight other corporations across the globe.  

Published in September 2020, the report details Energy Recovery’s multi-pronged approach to enhancing sustainability and its ESG performance. The CRRA is the world’s only annual, global online award program for corporate responsibility reporting, decided by the vote of more than 65,000 industry members. 

“Energy Recovery’s core mission is creating innovative industrial products to make our customers’ businesses more environmentally sustainable at reduced cost. With our pressure exchanger technology, we can reduce energy consumption and emissions while increasing system reliability and lowering overall operating costs across a variety of industries,” said Joshua Ballard, Chief Financial Officer of Energy Recovery. “We’re honored by Corporate Register’s recognition and look forward to sharing additional updates on the results of our materiality assessment and performance in our next ESG report later this year.” 

Mr. Ballard is a speaker at the upcoming Reuters Responsible Business 2021 event, a gathering of global CEOs, policymakers, chief sustainability officers, NGOs and investors driving change worldwide. 

Energy Recovery’s ESG report, covering fiscal year 2019, is aligned with leading sustainability frameworks and reporting standards, including the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI) and United Nations Sustainable Development Goals (UNSDG). Highlights include: 

  • 12.4 million metric tons of carbon emissions were avoided due to Energy Recovery’s PX® Pressure Exchanger® energy recovery devices, equal to removing more than 2.5 million passenger vehicles from the road. 
  • 89% of total product revenue generated from renewable energy and energy efficiency-related products. 
  • 100% of waste metal from Energy Recovery’s operations is recycled.  
  • 93% of employees were retained in 2019 concurrent with 38% headcount growth. 

Voting for the CRRA 2021 will continue through June, with winners announced this summer. Corporate Register is a free resource, and all registered Corporate Register users are eligible to vote for the winners. Energy Recovery will publish its second ESG report this fall. 

About Energy Recovery 

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business accelerating the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.  

Contact 

ESG@energyrecovery.com 

+1 (510) 219-8462

Innovation – The Underestimated Driver of Sustainability

By Joshua Ballard, Energy Recovery CFO

A decade ago, Harvard Business School professors Michael Porter and Mark Kramer argued that companies should create “shared value”— generating economic value in a way that also produces benefit for society by addressing its challenges. Growing acceptance of this concept can be seen today in the rapid adoption of Environmental, Social and Governance (ESG) principles in both the investment community and many companies.

While the concept of “shared value” has been debated at length (and I’m not taking sides here), companies should always evaluate the long-term effects of their actions on all stakeholders – it is simply a smart approach to business. In this regard, today’s many different ESG frameworks offer a constructive approach to this important process of evaluation and continuous improvement. 

Creating “shared value” is often pursued via two major paths: harm reduction (reducing one’s environmental and operational footprint) and innovation (developing new processes and products that improve one’s business and the world around it). While these concepts are often intertwined, innovation can be the greatest accelerator of both sustainability and value creation, both for companies and their many stakeholders.

The global desalination industry – Energy Recovery’s primary market today – is an incredible case study of innovation delivering value for businesses and communities alike. 

Historically, seawater desalination relied upon thermal processes – essentially, boiling seawater to produce freshwater through the condensation of steam. Thermal desalination is a very energy intensive process, and so carries a heavy environmental impact and is often expensive. A rival process, seawater reverse osmosis (SWRO), which forces seawater through filter membranes to extract salt and produce clean water, was for a long time even more costly than thermal and, consequently, not widely used. This changed dramatically when Energy Recovery introduced its PX® Pressure Exchanger® (PX) in the 1990s. 

When combined with the increased standardization of desalination plant design and larger plant capacities, our PX’s ability to deliver energy savings of up to 60% compared to facilities with no PX and operational efficiency up to 98%, broke down the key cost barrier for SWRO: energy intensity. When SWRO became an affordable option, the number of facilities employing this more efficient process skyrocketed and is now the global norm. 

These developments were great for the industry, but they have also meant greatly improved access to affordable clean water for many around the word. They have made communities more resilient to climate change and have significantly reduced energy consumption and emissions associated with water production. While harm reduction was certainly achieved in this transformation, these benefits would not have been achieved without innovation.

The PX also allowed for growth of the desalination industry at a crucial time for global communities in need of fresh water. According to the United Nations estimates, more than 2 billion people live in areas of high or extremely high-water vulnerability, and climate change is only anticipated to increase this number. Global demand for water is projected to surge up to 30% by 2050. 

We are now applying our PX technology to drive change in other industries, most recently in industrial wastewater treatment through our Ultra PX™ product. The Ultra PX is expected to bring similar increased efficiencies and lower costs to another critical industry, while generating significant shared value for stakeholders. We’re also taking a closer look at our own operations and impact through our ESG program.

While the desalination industry still has work to do, business leaders are embracing innovation alongside harm reduction to make it a better industry. This has helped the SWRO desalination business, as well as the world. There are many paths to enhancing sustainability – but do not underestimate the importance of innovation. In my experience, it is the key to achieving everything else.

Energy Recovery Announces Project Awards in the United Arab Emirates Totaling $11.7 Million

SAN LEANDRO, CA / ACCESSWIRE / March 18, 2021 / Energy Recovery (NASDAQ:ERII) today announced contract awards totaling $11.7 million to provide its flagship PX® Pressure Exchanger® (“PX”) energy recovery devices and related equipment and services to multiple seawater reverse osmosis (“SWRO”) desalination facilities in the United Arab Emirates (“UAE”). These orders are currently shipping to customers and are scheduled to be fulfilled by Q2 2021.

Energy Recovery estimates the PXs supplied to these facilities will prevent more than 400,000 metric tons of carbon dioxide emissions per year, equivalent to removing more than 90,000 passenger vehicles from the road annually. The facilities will collectively produce over 680,000 cubic meters of water per day.

These SWRO facilities are part of a larger initiative to expand sustainable access to clean water throughout the UAE under the country’s Water Security Strategy 2036. Seawater desalination is critical to meeting water demand in the Middle East, contributing to more than 90 percent of all daily water requirements for the region.

“These contracts are another testament to the strength of our core seawater desalination business and the continued demand we see in the Middle East. In Abu Dhabi, for example, SWRO constituted 16 percent of the Emirate’s total desalination technology mix in 2019, an increase of five percent since 2016, with thermal desalination making up the remaining 84 percent,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “We expect the share of SWRO to continue increasing, driven both by conversions of ageing thermal facilities to more economical SWRO technology and by new build facilities such as Abu Dhabi’s Taweelah Reverse Osmosis Independent Water Project, which will be the world’s largest SWRO facility once completed.”

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s estimates of the reduction in these facilities annual carbon dioxide emissions; the Company’s belief that demand will continue in the Middle East; and the Company’s belief that SWRO’s share of the desalination market will continue to grow. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2019 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

Energy Recovery (NASDAQ: ERII) creates technologies that solve complex challenges for industrial fluid-flow markets worldwide. Building on our pressure exchanger technology platform, we design and manufacture solutions that make industrial processes more efficient and sustainable. What began as a game-changing invention for desalination has grown into a global business advancing the environmental sustainability of customers’ operations in multiple industries. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas with sales and on-site technical support available globally. For more information, please visit www.energyrecovery.com.

CONTACT:

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 219-8462

Energy Recovery Partners with DuPont Water Solutions to Co-Promote Advanced Industrial Wastewater Treatment Technology

Webinar Announced to Discuss Cutting-Edge Approach for Minimal Liquid Discharge Systems

SAN LEANDRO, Calif. — February 25, 2021 — Energy Recovery (NASDAQ: ERII) today announced a joint-marketing effort with DuPont Water Solutions (“DuPont”), a global leader in purification and specialty-separation technologies, to spread the knowledge of advanced solutions improving the efficiency of many industrial wastewater treatment systems.

The companies will co-host a webinar on Wednesday, March 10, at 10:00 a.m. ET, to discuss the benefits of pairing Energy Recovery Ultra PX™ energy recovery devices (“ERD”) with DuPont membranes in industrial wastewater treatment systems.

The webinar, titled “FilmTec™ Fortilife™ membranes matched with Energy Recovery Ultra PX™ provide breakthrough in Minimal Liquid Discharge affordability,” will feature presentations from Energy Recovery and DuPont experts, who will provide an overview of how their technologies will provide a solution to technical challenges associated with Minimal Liquid Discharge (“MLD”) Ultra High-Pressure Reverse Osmosis (“UHPRO”) operations, generating significant energy and cost savings.

Presenters will include Eric Kadaj, Senior Director, Business and Applications Development, from Energy Recovery, and Tina Arrowood, Principal Research Scientist, from DuPont Water Solutions.

“This collaboration with DuPont demonstrates the incredible capabilities of our Ultra PX ERD. We believe that our new technology has the potential to transform UHPRO industrial wastewater treatment in the same way our PX® Pressure Exchanger® ERD transformed seawater reverse osmosis desalination,” said Rodney Clemente, Energy Recovery’s Senior Vice President of Water. “Together with DuPont’s leading membrane technologies, our Ultra PX can enable industrial wastewater treatment facilities to maintain high performance and reliability while reducing waste, energy use, and cost.”

DuPont’s FilmTec™ Fortilife™ product family is designed for facilities that would benefit from durable, robust membranes and a reliable, industry-leading nanofiltration and reverse osmosis water treatment that is effective and easy to clean.

“Our FilmTec™ Fortilife™ offerings are focused on meeting facilities’ unique industrial water treatment challenges,” said Verónica Garcia Molina, Global Marketing Manager of DuPont Water Solutions. “Alongside Energy Recovery’s Ultra PX, we are confident we are bringing a high-value and efficient solution for industrial wastewater treatment to the market.”

Webinar

To register for the webinar, please visit http://spr.ly/6000HYySg 

A recording of the webinar will be made available following the event on Energy Recovery’s website at http://www.energyrecovery.com/media-center/news-events/ and on DuPont’s website at https://www.dupont.com/water/resources/webinars.html.

Energy Recovery Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the Company’s belief that the Ultra PX has the potential to transform UHPRO in the same way the Company’s PX Pressure Exchanger ERD transformed seawater reverse osmosis desalination, and the Company’s belief that together with DuPont’s leading membrane technologies, the Company’s Ultra PX can enable industrial wastewater treatment facilities to maintain high performance and reliability while reducing waste, energy use and cost. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Potential risks and uncertainties and any other factors that may have been discussed herein regarding the risks and uncertainties of the Company’s business, and the risks discussed under “Risk Factors” in the Company’s Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) for the year ended December 31, 2019 as well as other reports filed by the Company with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, the Company’s actual results may differ materially from the predictions in these forward-looking statements.  All forward-looking statements are made as of today, and the Company assumes no obligation to update such statements.

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research, and development facilities across California and Texas. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

About DuPont Water Solutions

DuPont (NYSE: DD) is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety. More information about the company, its businesses and solutions can be found at www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.

Energy Recovery Contact
Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 219-8462

DuPont Contact
Laura Gallindo
laura.gallindo@dupont.com
+1 (989) 259-5081

Energy Recovery Publishes Inaugural Environmental, Social and Governance (ESG) Report

SAN LEANDRO, CA – September 9, 2020 – Energy Recovery, Inc. (NASDAQ:ERII) (the “Company”) today announced the release of its first Environmental, Social and Governance (“ESG”) Report, detailing the Company’s multi-pronged approach to enhancing sustainability and its ESG performance.

“While our business has always centered on helping our customers achieve more efficient, sustainable operations, our enhanced focus today on ESG, and related stakeholder engagement, positions us to improve the sustainability of our Company while also taking a more strategic and defined role in the global effort to create a more sustainable future,” said Robert Mao, Chairman of the Board, President and Chief Executive Officer of Energy Recovery. “With our growing business and expanding global footprint, we believe it is appropriate to formalize our commitment to increasing the resiliency and sustainability of our business. In addition to focusing on how our innovative products can create a more sustainable future, we see an opportunity to build a better Energy Recovery for our shareholders, our customers, our employees, and the world.”

Key highlights from the report include:

  • 89% of total 2019 product revenue came from renewable energy and energy efficiency-related products.
  • Energy Recovery’s water products lowered energy expenses for desalination customers by $2 billion per year.
  • Deployment of our PX® Pressure Exchangers® (“PX”) avoided consumption of 21.0 terawatt hours in 2019, an amount associated with preventing approximately 12.4 million metric tons of carbon emissions – equivalent to removing more than 2.5 million passenger vehicles from the road annually.
  • 96% of PXs shipped to customers in 2019 contained components made from recycled materials.
  • Energy Recovery retained 93% of its employees in 2019, a year with 38% headcount growth.

“We pride ourselves on creating products and solutions that address climate change, sustainable industrialization, energy efficiency, and water scarcity. We are early in our ESG journey and have focused our inaugural report on establishing where we stand today as a baseline for future progress,” said Joshua Ballard, Chief Financial Officer of Energy Recovery. “As a next step, we plan to undertake a goal setting process to establish targets and key performance indicators for select topics. Ultimately we believe that the integration of ESG principles into our corporate and risk management strategies can strengthen our existing business as well as our efforts to develop new applications of pressure exchanger technology for high-pressure fluid-flow environments.”

The report is aligned with leading sustainability frameworks and reporting standards, including the Sustainability Accounting Standards Board (“SASB”) framework, select disclosures from the Global Reporting Initiative’s (“GRI”) framework, and select goals from the United Nations Sustainable Development Goals (“UNSDG”).

To learn more about the Company’s ESG initiatives and commitments, or to download a copy of the 2019 ESG Report, please visit https://bit.ly/ERI-ESG.

Energy Recovery Wins Contracts Totaling Over $20 Million, Including Saudi Thermal to SWRO Mega Project

SAN LEANDRO, CA / ACCESSWIRE / July 14, 2020 / Energy Recovery, Inc. (NASDAQ:ERII) today announced project awards totaling $20.9 million, including a contract for the 400,000 cubic meters per day (“m3/day”) Al Jubail II Seawater Reverse Osmosis (“SWRO”) facility (“Jubail II”). Jubail II will replace the thermal capacity of the 136,000 m3/day Jubail I thermal desalination facility.

“This project, one of the largest contracts in Company history, is another marker of the strength of our business, even in the toughest of times,” said Robert Mao, Energy Recovery Chairman of the Board and President and CEO. “As the desalination market continues transitioning from thermal to SWRO technology, and as we see projects increasing in size, demand for our technology continues to grow as well.”

Energy Recovery will supply several hundred PX® Pressure Exchanger® devices (“PX”) to Jubail II project developer Metito Overseas Ltd. (“Metito”), a global leader and provider of choice for sustainable water management solutions.

“We needed a partner whose product would further our mission of creating sustainable water solutions – and Energy Recovery checked every box,” said Assem Zakaria, Senior Projects Manager, Metito. “Their PX devices provide the significant energy savings that we needed, as well as the assurance of a long, reliable lifecycle.”

Jubail II is expected to deliver operational cost savings of approximately SAR 5.7 billion (USD $1.5 billion) over the decade following its commissioning compared to the Jubail I project, according to analysis firm Global Water Intelligence. The facility is scheduled to be commissioned in 2021 and will serve the municipal water needs of Riyadh, the capital of Saudi Arabia.

“For more than two decades, our valued customers have trusted us to make SWRO desalination less energy intensive and more economically feasible. As one of the earliest adopters of our technology, our partners Metito are a prime example of our long-lasting and sustained performance in the region,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “The Jubail II project also underscores that thermal to SWRO replacement projects in the Middle East are often not a one-for-one capacity replacement. These large SWRO plants are typically larger than the thermal plants they replace, bringing online additional new capacity to keep pace with growing water demand.”

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that the desalination market will continue to transition from thermal to SWRO technology, our belief that demand for our products will continue to grow, and our belief that we are producing the best energy recovery solutions available to efficiently deliver fresh water. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 219-8462

Energy Recovery Announces Virtual-Only 2020 Annual Meeting of Stockholders

SAN LEANDRO, CA / ACCESSWIRE / July 8, 2020 / Energy Recovery, Inc. (NASDAQ:ERII) today announced that, in light of COVID-19 health and safety considerations and potential travel disruptions, the Company will hold its 2020 Annual Meeting of Stockholders virtually via live audio webcast, taking place on Thursday, July 16, 2020, at 10:00 a.m. PDT.

Stockholders can attend the virtual meeting via live audio webcast but may not physically attend this year’s meeting. The virtual format also provides the opportunity for participation by a broader group of stockholders and enables stockholders to participate fully, and equally, from any location around the world, at little to no cost to them.

Stockholders can attend the Annual Meeting online at www.virtualshareholdermeeting.com/ERII2020 by using the 16-digit control number, which appears on each stockholder’s proxy materials. Stockholders as of the record date set forth in the proxy materials may vote at the Annual Meeting or any postponements or adjournments of the meeting.

Stockholders as of the record date who attend and participate in the virtual Annual Meeting using their 16-digit control number will have an opportunity to submit questions during the meeting. Written responses to questions will be posted on the Company’s investor relations website (ir.energyrecovery.com) on the investor toolkit page four business days following the conclusion of the Annual Meeting.

The Annual Meeting will be available to the public to view live. Anyone wishing to do so may go to www.virtualshareholdermeeting.com/ERII2020 and enter as a guest.

It is important that stockholder shares are represented at the Annual Meeting. Whether or not stockholders expect to participate in the meeting, Energy Recovery respectfully requests that stockholders vote in advance on the matters to be presented at meeting, as described in the proxy materials. Stockholders can vote via the Internet, by phone, or complete, date, sign and promptly return the proxy card or voting instruction card included with proxy materials.

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ:ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research and development facilities across California and Texas. Our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

CONTACT:

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Energy Recovery Announces Exit From VorTeq(TM) Exclusive Licensing Agreement with Schlumberger

SAN LEANDRO, CA / ACCESSWIRE / June 29, 2020 / Energy Recovery, Inc. (NASDAQ:ERII) today announced an agreement with Schlumberger to exit its 15-year licensing deal for Schlumberger’s exclusive use of Energy Recovery’s VorTeq hydraulic pumping system. Under the terms of the new agreement, no further payments will be made by either party. Energy Recovery will now be fully responsible for commercialization of the VorTeq technology globally.

“At this time, the two parties have different strategic perspectives as to the path to VorTeq commercialization,” said Robert Mao, Energy Recovery Chairman of the Board of Directors and President and Chief Executive Officer. “We believe this to be a positive outcome for all parties and are grateful to Schlumberger for their partnership through the years.”

Conference Call

The Company will also hold a conference call to discuss the VorTeq technology and business model on Tuesday, June 30, 2020 at 5:30 AM PDT / 8:30 AM EDT. Robert Mao, Chairman of the Board of Directors and President and Chief Executive Officer, and Joshua Ballard, Chief Financial Officer, will host the conference call and take analyst questions after prepared remarks. Investors can also access relevant business updates at ir.energyrecovery.com.

LIVE CONFERENCE CALL

Tuesday, June 30, 2020, 5:30 AM PDT / 8:30 AM EDT
Listen-only, US / Canada Toll-Free: +1 (877) 709-8150
Listen-only, Local / International Toll: +1 (201) 689-8354
Access code: 13706150

CONFERENCE CALL REPLAY

Expiration: Thursday, July 30, 2020
US / Canada Toll-Free: +1 (877) 660-6853
Local / International Toll: +1 (201) 612-7415
Access code: 13706150

Investors may also access the live call or the replay over the internet at ir.energyrecovery.com. The replay will be available approximately three hours after the live call concludes.

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Headquartered in the San Francisco Bay Area, Energy Recovery has manufacturing, research, and development facilities across California and Texas. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 219-8462

Energy Recovery Names Robert Mao President and Chief Executive Officer

Pamela Tondreau elected as Lead Independent Director

SAN LEANDRO, CA / ACCESSWIRE / May 7, 2020 / Energy Recovery, Inc. (NASDAQ:ERII) today announced that its Board of Directors (“Board”) has selected current Chairman and Interim President and CEO, Mr. Robert Yu Lang Mao, as President and CEO of Energy Recovery. Mr. Mao will continue to serve as Chairman of the Company’s Board. In addition, the Board elected Ms. Pamela Tondreau as Lead Independent Director.

“The Board conducted a thorough search process and met with many highly qualified candidates. It became apparent throughout this process that Mr. Mao is the right leader to steer Energy Recovery during this time of evolution for the Company,” said Ms. Tondreau. “Mr. Mao’s extensive global experience, track record of incubating and commercializing new technologies and business segments, and his vision for the Company was unrivaled. Above all, he understands what companies need to evolve and innovate.”

Mr. Mao has a long and distinguished professional career with over thirty years of executive experience in the technology and telecommunications industry in Asia, the United States and Europe. Most recently, he served as the Chairman, China Region for Hewlett-Packard Company (Hewlett-Packard) and the CEO of 3Com Corporation (3Com), where he completed the sale of 3Com to Hewlett-Packard in 2010. Prior to 3Com Corporation, Mr. Mao worked for Nortel Networks as CEO of the company’s Greater China operations from 1997 to 2006. A member of Energy Recovery’s Board since 2010, Mr. Mao has served as Chairman since 2019 and has been on the board of directors of other public companies including 3Com, Yulon-Nissan Motor Company and Hon Hai Precision Ind. Co. Ltd (Foxconn).

“Mr. Mao’s experience in leading companies at the intersection of technology and manufacturing is a perfect fit for where we are today, and most importantly, where we are heading,” said Ole Peter Lorentzen, Director and Chair of the Company’s Nominating and Governance Committee. “He is a thoughtful leader who is focused on developing our team as well as our technology. We are confident that Mr. Mao continuing as Chairman, President and CEO and Ms. Tondreau acting as Lead Independent Director will position Energy Recovery for an exciting future.”

Ms. Tondreau currently serves as a consultant to Infineon Technologies AG, which purchased Cypress Semiconductor Corporation on April 16, 2020. She most recently served as Chief Legal Officer, Corporate Secretary and Executive Vice President of Human Resources at Cypress Semiconductor. Prior to her role at Cypress Semiconductor, Ms. Tondreau served as Vice President and Associate General Counsel at Hewlett-Packard, where she led a multibillion dollar acquisition and integration, the overhaul of intellectual property licensing, and negotiation with multiple commercial partners on a variety of commercial and legal issues. She joined Energy Recovery’s Board in 2019.

The appointments of Mr. Mao and Ms. Tondreau were approved by the Board at its quarterly meeting on May 5, 2020 and are effective immediately.

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ:ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the amount of hydraulic energy our devices will recycle. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact:

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1(510) 219-8462

Energy Recovery Wins $2.5M of Chinese Industrial Water Projects

SAN LEANDRO, Calif. — April 22, 2020  Energy Recovery, Inc. (NASDAQ: ERII) today announced new project awards totaling over $2.5 million. The Company will supply PX® Pressure Exchanger® devices (“PX”) and related equipment and services to multiple desalination facilities in China with a combined capacity of more than 140,000 cubic meters per day, or more than 37 million gallons per day. 

“Despite the challenges presented by the global coronavirus pandemic, our team has adjusted rapidly, and we continue to win new projects, fulfill orders, and do everything in our power to support our customers. Our products play a key role in the operation of domestic and international water treatment infrastructure, supplying much-needed water to communities and businesses around the world. These projects, which will service China’s industrial sector, were awarded in March and April of this year as China’s coronavirus outbreak began reaching a more manageable level, and the country was beginning to open up. This makes me cautiously optimistic about the future,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer.  

The Asia-Pacific region is expected to be one of the fastest growing regions for desalination in the coming years. Throughout the region, rapid industrialization and urbanization have created a significant increase in the need for freshwater, and seawater reverse osmosis (“SWRO”) desalination can play a key part in meeting this demand. Oxfam, an alliance of NGOs focused on the alleviation of global poverty, recently singled out SWRO desalination as one of the most efficient methods to provide clean, potable water for communities in need in this region.  

“China was one of the earliest adopters of our PX Pressure Exchanger. For over 20 years we have viewed China as an exciting market, and it’s encouraging to see industry continuing to invest in desalination as the country slowly resumes business activities,” commented Rodney Clemente, Energy Recovery Senior Vice President of Water. “Thanks to innovations like our PX, SWRO is beginning to rival the cost of some traditional water management sources and is far more energy efficient today than in the past. Once these facilities are in operation, our PXs are expected recycle hydraulic energy equivalent to over 120 gigawatt hours of energy annually, an amount associated with approximately 70,000 metric tons of carbon emissions. These facilities add to our already strong presence in China, and we are proud to continue to be the technology of choice and an integral part of China’s rich desalination past, present and future.” 

About Energy Recovery 

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com

Forward-Looking Statements 

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the amount of hydraulic energy our devices will recycle, our expectation that the Asia Pacific region will be one of the fastest growing regions for desalination and our ability to supply such growth. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise. 

Contact 

Investor Relations 
ir@energyrecovery.com 
+1 (281) 962-8105 

Press Inquiries 
pr@energyrecovery.com 
+1 (510) 219-8462 

Energy Recovery Wins $8.3M of Egyptian Water Projects

SAN LEANDRO, Calif. — April 7, 2020 — Energy Recovery, Inc. (NASDAQ: ERII) today announced awards of USD $8.3M to supply its PX® Pressure Exchanger® devices (“PX”) and related equipment and services to multiple desalination projects in Egypt.

“Energy Recovery prides itself on being a trusted partner to the desalination industry, and we remain dedicated to serving our customers as we adjust to the impacts of COVID-19. The reputation of our PX and its lifetime value proposition are unmatched, and we are focused on fulfilling orders from existing inventory as well as booking new orders. Desalination plants are a critical part of the fresh water infrastructure of many countries, and we are proud to play our part in delivering affordable, clean water to the people of Egypt,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer.

The desalination plants included in this award will have a collective capacity of 290,000 cubic meters per day. Once the plants are in operation, Energy Recovery’s PX devices are expected to recycle hydraulic energy equivalent to over 300 gigawatt hours of energy annually, an amount associated with approximately 200,000 metric tons of carbon emissions.

“Egypt’s population is growing quickly, and, according to the United Nations, the country’s per capita share of fresh water means it is on the verge of absolute water scarcity. Egypt has identified desalination as part of its strategy to improve freshwater security, as desalination offers a cost-effective means to diversify supply beyond variable sources such as the Nile River,” commented Rodney Clemente, Energy Recovery Senior Vice President of Water. “The country is amidst an aggressive build-out of desalination facilities that is likely to continue at least through 2024 and exceed over 1 million cubic meters per day of new capacity for the municipal sector alone. Energy Recovery has been awarded seven mega-plants (plants exceeding 50,000m3/d) in Egypt to date, and we plan to continue to do our part to help Egypt meet these exciting challenges head-on.”

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the amount of hydraulic energy our devices will recycle. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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Energy Recovery Announces Departure of VP, Oil & Gas, Appointment of New VorTeq™ Development Leader

SAN LEANDRO, Calif. — March 19, 2020 — Energy Recovery, Inc. (NASDAQ:ERII) today announced the departure of the company’s Vice President of Oil & Gas, Eric Siebert.

“Eric’s leadership has been integral to the development of VorTeq™ from its early stages to the advanced position we are in today. On behalf of the Board, I thank him for his contributions to Energy Recovery and wish him every success in the future,” said Robert Mao, Chairman and Interim President and Chief Executive Officer.

Ahmed Ghoneim, a seasoned oilfield services leader, will manage the VorTeq development team moving forward. Mr. Ghoneim has over 24 years of global upstream oil and gas experience with a focus on hydraulic fracturing and related well services, technology and operations. He has previously worked as Global Production Enhancement Director with Baker Hughes North America, Regional Director for Pressure Control with GE Oil & Gas in multiple markets, in addition to several leadership roles over 15 years with Schlumberger.

“As we continue our drive toward commercialization of VorTeq, I have great confidence in our team to continue the progress we’ve made to date. We are working diligently to realize a return on the company’s investment as soon as possible,” Mao added.

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that we can commercialize the VorTeq system and our ability to generate a return on our investment. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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Energy Recovery Awarded $23.5M for Water Projects, Includes Contract for World’s Largest Reverse Osmosis Desalination Facility

SAN LEANDRO, Calif. — March 12, 2020 — Energy Recovery, Inc. (NASDAQ: ERII) today announced awards of USD $23.5M to supply its PX® Pressure Exchanger® devices (“PX”) and related equipment and services to multiple desalination projects across the Middle East and North Africa. Shipments for these contracts are expected to begin Q1 2020 and continue throughout the first half of 2021. These awards include the largest contract in Energy Recovery’s history for the Taweelah Reverse Osmosis Independent Water Project (“Taweelah”), which will be the world’s largest seawater reverse osmosis desalination (“SWRO”) facility once completed.

“It is an honor to be included in this historic project. Greater scale and efficiency in water production is much needed, and we are proud to help lower the cost and carbon intensity of producing clean water for communities around the world,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer. “When announcing Taweelah, the Emirates Water and Electricity Company noted ‘a major driver for the adoption of reverse osmosis instead of thermal desalination is the higher energy efficiency it offers.’ Thanks in part to the energy savings delivered by our pressure exchanger technology, SWRO’s economic advantages over thermal desalination methods are clear and unlikely to change. With larger projects like Taweelah, using inefficient technology is all the more costly, and we expect to see decision makers continue to choose SWRO over thermal.”

Located near Abu Dhabi city, Taweelah will have a capacity of 909,200 cubic meters per day, 44% larger than the world’s current largest SWRO facility, and is expected to be operational in late 2022. The facility will support both industry and the general public and play a critical role in meeting Abu Dhabi’s peak water demand, which is projected to rise by 11% between 2017 and 2024.

Taweelah is expected to break efficiency records with record low energy consumption per cubic meter of water produced. Compared to the nearby Taweelah power and thermal desalination plant, which was built in phases between 1985 and 2002, Energy Recovery estimates that the Taweelah SWRO plant will deliver water at a contracted cost of less than half that of the original thermal plant. Once the Taweelah SWRO plant is in operation, Energy Recovery’s PX devices are expected to recycle hydraulic energy equivalent to over 900 gigawatt hours of energy annually, an amount associated with approximately 550,000 metric tons of carbon emissions.

“Taweelah is not only a major milestone for Energy Recovery but also for the entire SWRO industry. Historically, our industry’s Achilles’ heel has been the energy intensive nature of the reverse osmosis process. No longer – many factors, including innovations in energy recovery devices and reverse osmosis membranes and a technology shift from thermal desalination to reverse osmosis, have reduced costs such that desalination water production is beginning to rival traditional water management costs,” said Rodney Clemente, Energy Recovery Senior Vice President of Water. “We are proud to play our part in helping the SWRO industry continue to innovate, and we remain focused on reducing energy consumption and increasing system uptime and efficiency for our customers. The inclusion of our solutions in record-breaking SWRO projects demonstrates the scalability and reliability of our technology, as well as the deep expertise of our world class teams that support customers globally.”

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, our belief that the SWRO process is economically advantageous as compared to thermal desalination and that the trend from thermal desalination to SWRO will continue,  our belief that our technology will help achieve efficiency records and record low energy consumption, our belief that SWRO desalination rivals traditional water management costs and our expectation that customers will continue to turn to the PX. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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Energy Recovery Promotes Two to Senior Vice President

Rodney Clemente and Emily Smith named to senior leadership roles

SAN LEANDRO, Calif. — February 10, 2020 — Energy Recovery, Inc. (NASDAQ: ERII) is pleased to announce the promotion of Rodney Clemente, the Company’s Vice President of Water, to Senior Vice President of Water, and Emily Smith, the Company’s Vice President of Corporate Development, to Senior Vice President of Corporate Development and Operations, each effective December 22, 2019.

As the new Senior Vice President of Water, Mr. Clemente will continue to lead the Company’s water business unit with responsibility for water sales, strategy and business development activities and will also oversee development and engineering for existing and new water solutions. A 20-year veteran of Energy Recovery, Mr. Clemente has deep experience in the water business and an intimate knowledge of global desalination markets, both of which have been integral to the Company’s global market leadership. Mr. Clemente earned an Executive MBA at the University of Virginia Darden School of Business and a BS in Industrial Engineering from California State University, East Bay.

As the new Senior Vice President of Corporate Development and Operations, Ms. Smith will continue to lead the Company’s corporate development and marketing efforts, with a focus on long-term strategic growth initiatives in industries beyond water and oil & gas. Ms. Smith will also lead the Company’s operations, including manufacturing, procurement, quality and safety. During her tenure as Vice President of Corporate Development, Ms. Smith led the formation of the Company’s long-term strategic plan and product development road map and played a critical role in the successful scale-up of Energy Recovery’s cutting-edge R&D and manufacturing operations. Ms. Smith earned an MBA from the University of Pennsylvania Wharton School of Business and a BS in Communications from Northwestern University.

“We continue to build our leadership team not just with a focus on success today, but with an eye on the future and the many opportunities before us. Rodney and Emily have been driving forces within Energy Recovery, and they have long records of success. Most importantly, we believe in their passion, their expertise, and their vision for the future of the Company,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer. “These changes are laying the foundation for what’s next for Energy Recovery, preparing us for future growth, and advancing our positioning as a leader in industrial fluid flow technology.”

About Energy Recovery

For more than 20 years, Energy Recovery, Inc. (NASDAQ: ERII) has created technologies that solve complex challenges in industrial fluid-flow markets. We design and manufacture solutions that reduce waste, improve operational efficiencies, and lower the production costs of clean water and oil and gas. What began as a game-changing invention for water desalination has grown into a global business delivering solutions that enable more affordable access to these critical resources. Both our headquarters in San Leandro, California, and our Commercial Development Center in Katy, Texas house on-site research, development and manufacturing facilities. In addition, our worldwide sales and technical service organization provides on-site support for our line of water solutions. For more information, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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Energy Recovery Wins $16.6 Million of Water Awards, Including First Mega-Project Thermal Desalination Conversion Award

SAN LEANDRO, Calif. — December 5, 2019 — Energy Recovery, Inc. (NASDAQ: ERII) today announced total awards of $16.6 million (USD) to supply PX® Pressure Exchangers® (PX) and related equipment and services to multiple desalination facilities in the Middle East. The awards include Energy Recovery’s first contract to support the conversion of a mega-project (>50,000 cubic meters per day) thermal desalination facility to more cost-efficient seawater reverse osmosis (SWRO) desalination technology.

“These awards cap a record-breaking year for Energy Recovery, and we are pleased to see a trend we have long anticipated – the conversion of thermal desalination capacity to large-scale SWRO facilities – move from our pipeline to our backlog,” said Robert Mao, Energy Recovery Chairman and Interim President and Chief Executive Officer. “Much of the Middle East’s installed capacity is thermal desalination, which was largely built before technologies like the PX greatly improved the economics of SWRO. As older thermal desalination facilities reach the end of their useful life, owners and operators are evaluating the path forward. These facilities are needed to maintain current water supply, so they cannot be decommissioned without a replacement plan. Longer-term, the current thermal capacity of more than 20 million cubic meters per day creates an additional layer of growth potential for Energy Recovery.”

Shipments for these awards are expected to begin in Q1 2020 and continue throughout 2020. Energy Recovery estimates the PXs supplied to these facilities will prevent more than 600,000 metric tons of carbon dioxide emissions per year. The facilities will collectively produce over 700,000 cubic meters of water per day.

“New-build SWRO facilities are driving economic development and providing much needed potable water across the Middle East. In parallel, older thermal facilities are almost universally choosing to replace or augment thermal production with SWRO technologies and are turning to Energy Recovery to help create a more cost- and carbon-efficient facility,” shared Energy Recovery Vice President of Water Rodney Clemente. “Although costs vary based on local conditions, thermal water production costs are on average two times higher than SWRO. Given these savings, even some newer thermal facilities with years of useful life remaining are evaluating a switch to SWRO. As this trend plays out in the coming years, we expect customers to continue to turn to the PX, which provides the lowest lifecycle cost of any energy recovery device on the market.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and eliminate more than 11.5 million metric tons of carbon dioxide emissions. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, and our expectation that customers will continue to turn to the PX. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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Energy Recovery Awarded $12.2 Million for Water Projects, Includes Facility to Support World Cup

SAN LEANDRO, Calif. — October 17, 2019 — Energy Recovery, Inc. (NASDAQ: ERII) today announced it will supply its PX® Pressure Exchanger® devices, along with related equipment and services, to three large-scale desalination facilities in the Middle East. The devices are expected to ship in Q1 and Q3 of 2020.

The $12.2M award includes a desalination facility that will support the 2022 FIFA World Cup, which will be held in Qatar. The country expects to host approximately 1.5 million visitors for the World Cup, which represents more than half the country’s current population of 2.7 million.

“As the Middle East prepares for the 2022 World Cup, we’re proud that our technology can help meet the region’s water needs and enable our customers to produce this critical resource in a more cost effective and sustainable way,” said Energy Recovery President and CEO Chris Gannon. “The desalination industry is experiencing a growth cycle that we now see extending further than we anticipated just a few years ago. Against the backdrop of this explosive growth, we are focused on executing against our historically strong backlog and pipeline and investing to grow our Water business.”

Energy Recovery estimates the PXs supplied to these facilities will prevent more than 400,000 metric tons of carbon dioxide emissions per year. The facilities will collectively produce over 700,000 cubic meters of water.

“We continue to win large-scale SWRO desalination projects in territories across the Middle East,” shared Energy Recovery Vice President of Water Rodney Clemente. “Our value proposition is centered around our ability to deliver the strongest economic benefit to our customers by having the lowest life cycle cost of any energy recovery solution available on the market today. With extremely predictable and reliable performance, unmatched durability and longevity, and our industry leading uptime advantage, our PX Pressure Exchanger continues to set the gold standard for ERDs serving the global SWRO desalination space.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and eliminate more than 11.5 million metric tons of carbon dioxide emissions. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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Energy Recovery Announces Leadership Transition

SAN LEANDRO, Calif. — November 4, 2019 — Energy Recovery, Inc. (NASDAQ:ERII) announced today the resignation of Chris Gannon as the Company’s President and Chief Executive Officer and as a member of its Board of Directors.

Mr. Gannon submitted his resignation to the Board on Friday, November 1, effective immediately, citing personal reasons for his departure. Mr. Gannon’s resignation was accepted by the Board.

The Board has appointed Mr. Robert Yu Lang Mao as Interim President and Chief Executive Officer. Mr. Mao currently serves as Chairman of Energy Recovery’s Board of Directors, and he will retain his board seat and chairmanship during the transition. Mr. Mao will lead the executive search for a permanent replacement for Mr. Gannon and will work closely with the Company’s executive team to provide leadership and ensure continuity until a successor has been appointed. Mr. Mao has been a member of the Board since 2010 and has served as Chairman since June of 2019. In addition, the Board has appointed Mr. Arve Hanstveit as the Lead Independent Director. Mr. Hanstveit has been a member of the Board since 1995.

“On behalf of the entire Board, I want to thank Chris for his contributions to the Company and wish him success with his future endeavors. Energy Recovery continues to perform and capitalize on the tremendous opportunities that lie ahead. We do not expect this change in leadership to have an impact on our strategy,” Mr. Mao commented. “The desalination industry is experiencing historic growth, and we are confident our recent infrastructure investments to expand our capacity and meet growing demand will ensure we are positioned to generate value for shareholders and customers. We remain focused on expanding our presence and product offerings in our Water business and on the commercialization of our VorTeq™ technology in Oil and Gas. We will continue to execute and drive the business forward during this transition, and I am optimistic about what Energy Recovery’s future holds.”

Mr. Mao has a long and distinguished professional career with over thirty years of executive experience in the technology and telecommunications industry in Asia, the United States and Europe. Most recently, he served as the Chairman, China Region for Hewlett-Packard Company (Hewlett-Packard) and the CEO of 3Com Corporation (3Com), where he completed the sale of 3Com to Hewlett-Packard in 2010. Mr. Mao has also served on the board of directors of public companies including 3Com, Yulon-Nissan Motor Company and Hon Hai Precision Ind. Co. Ltd (Foxconn).

The Company will hold a conference call to discuss the leadership transition on Tuesday, November 5, 2019 at 5:30 AM PST / 8:30 AM EST. Mr. Mao and Joshua Ballard, Chief Financial Officer, will host the conference call and take investor and analyst questions.

LIVE CONFERENCE CALL

Tuesday, November 5, 2019, 5:30 AM PST / 8:30 AM EST
Listen-only, US / Canada Toll-Free: +1 (877) 709-8150
Listen-only, Local / International Toll: +1 (201) 689-8354
Access code: 13696483

CONFERENCE CALL REPLAY

Expiration: Thursday, December 5, 2019
US / Canada Toll-Free: +1 (877) 660-6853
Local / International Toll: +1 (201) 612-7415
Access code: 13696483

Investors may also access the live call or the replay over the internet at ir.energyrecovery.com. The replay will be available approximately three hours after the live call concludes.

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and eliminate more than 11.5 million metric tons of carbon dioxide emissions. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, our ability to exceed last year’s results, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

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Pamela Tondreau Joins Energy Recovery Board of Directors

Pamela Tondreau Joins Energy Recovery Board of Directors

SAN LEANDRO, Calif. — July 30, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the appointment of Pamela Tondreau to its Board of Directors.

“We are thrilled to have Ms. Tondreau join our board. She brings nearly two decades of executive experience with blue chip technology companies where she has navigated a wide variety of complex corporate issues,” said Robert Mao, Chairman of the Board of Directors of Energy Recovery. “As Energy Recovery continues to grow, her unique background and seasoned leadership will be invaluable to the company’s continued success.”

Ms. Tondreau currently serves as Executive Vice President, Chief Legal Officer, and Corporate Secretary of Cypress Semiconductor Corporation, the leader in advanced embedded solutions for the world’s most innovative automotive, industrial, smart home appliances, consumer electronics, and medical products. Prior to her role at Cypress Semiconductor, she served as Vice President and Associate General Counsel at Hewlett-Packard, where she led a multibillion dollar acquisition and integration, the overhaul of intellectual property licensing, and negotiation with multiple commercial partners on a variety of commercial and legal issues.

Beyond her extensive experience with intellectual property, contract negotiation, and corporate governance, Ms. Tondreau brings a dedication to cultivating excellence in company culture, ensuring diversity and inclusion, and establishing programs to grow and retain corporate talent. Ms. Tondreau holds a bachelor’s degree from the University of California, Berkeley and a JD from the McGeorge School of Law.

“I look forward to working with the rest of the board and our management team to build upon Energy Recovery’s success,” said Ms. Tondreau. “The company’s innovations have been transformative to the water desalination industry, and I am excited to help guide the next phase of growth and innovation.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and offset more than 11.5 million metric tons of carbon dioxide. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Contact

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Energy Recovery Awarded $5.8 Million for Water Projects in Saudi Arabia

SAN LEANDRO, Calif. — July 18, 2019 — Energy Recovery, Inc. (NASDAQ:ERII) announced total awards of $5.8 million (USD) to supply its PX® Q300 Pressure Exchanger® devices along with related equipment and services to multiple desalination facilities in the Kingdom of Saudi Arabia.

The devices are expected to ship in Q3 of 2019. These awards continue Energy Recovery’s growing footprint in the region. Earlier this year, the company announced separate desalination projects in Saudi Arabia worth $8.8 million, as well as projects in the United Arab Emirates and the Sultanate of Oman.

“Through our Water business, we continue to see opportunity and growth in the Middle East and across the globe,” said Energy Recovery President and CEO Chris Gannon. “As freshwater supply is strained by population growth, industrialization, rapid urbanization, and climate change, our energy recovery devices provide an innovative solution to help increase the supply and decrease the cost and carbon emissions associated with the production of critically needed freshwater. Today, our more than 20,000 devices installed worldwide help meet the daily water use of over 50 million people.”

Energy Recovery is the leader in pressure energy technology for industrial fluid flows. The company’s PX Pressure Exchanger (PX) is the most-installed energy recovery device for SWRO desalination facilities larger than 50,000 m3/d water capacity.

“We see a surge in SWRO desalination plant construction in the Middle East,” said Energy Recovery Vice President of Water Rodney Clemente. “This growth is a mixture of greenfield projects to increase local water supply and retrofits of existing desalination plants from thermal to SWRO technology. These existing plants are needed to maintain the status quo water supply, and as thermal desalination infrastructure ages in the region, facilities are noticing the cost savings SWRO provides – thanks in part to our PX – and investing in SWRO infrastructure.”

Energy Recovery estimates the PXs supplied to the Saudi Arabia desalination facilities will reduce power consumption for all projects by 31.7 megawatts, saving over 274 gigawatt hours of energy per year. The facilities will produce up to 246,000 cubic meters of water per day – enough freshwater to meet the daily consumption of approximately 400,000 people.

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the water, oil & gas, and chemical processing industries. Energy Recovery products annually save customers $2 billion (USD) and offset more than 11.5 million metric tons of carbon dioxide. Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 398-2147

Energy Recovery Awarded $3.3 Million for Water Projects in Asia

SAN LEANDRO, Calif. — April 25, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $3.3 million (USD) to supply its PX® Q300 Pressure Exchanger® devices along with related equipment and services to multiple desalination facilities across Asia.  The devices are expected to ship in Q2 of 2019.

“Our core Water business continues to build positive momentum.  We recently shipped our 20,000th PX Pressure Exchanger unit, a major milestone for Energy Recovery, and we are poised to exceed last year’s record results,” said Energy Recovery President and CEO Chris Gannon.  “The seawater reverse osmosis (SWRO) desalination industry continues to evolve, and we are seeing a meaningful increase in project activity.  Importantly, the industry is in the fifth year of an upcycle, and we see no signs of it softening.”

Energy Recovery estimates the PX Pressure Exchangers supplied to these desalination facilities will reduce power consumption for all projects by 11.6 megawatts (MW), saving over 100 gigawatt hours (GWh) of energy per year.   The facilities will produce up to 162,400 cubic meters of water per day, equivalent to filling almost 65 Olympic-sized swimming pools daily1.

“Asia is an emerging market for SWRO desalination, and we see growth opportunities in strategic territories across the region.  Faced with rising demands for fresh water, countries throughout Asia from China and India to Singapore are adopting SWRO desalination as part of a comprehensive, diversified water supply strategy,” said Energy Recovery Vice President of Water, Rodney Clemente.  “Singapore is representative of this growing trend, with five mega-scale SWRO desalination facilities currently either in production or under construction with aggressive plans in place to further move towards water independence.”

Sources

1 – Fédération Internationale de Natation (FINA) Facilities Rules

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, our ability to exceed last year’s results, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 398-2147

Energy Recovery Reaches Landmark; Ships 20,000th PX® Pressure Exchanger®

SAN LEANDRO, Calif. — April 23, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the shipment of its 20,000th PX Pressure Exchanger unit.

“Our PX Pressure Exchangers have enabled our customers around the globe to reduce the operating costs and the environmental footprint of their water desalination operations.  Today, desalination plants using our technology produce enough fresh water to meet the daily consumption of approximately 52 million people,” said Energy Recovery President and CEO Chris Gannon. “The recent United Nations World Wide Water report found that water use has risen roughly one percent per year since the 1980s, and global potable water demands are expected to increase up to 30 percent by 2050.  Our role in reducing the cost of providing clean, fresh water and helping to meet these challenges is a source of pride for Energy Recovery, and we continue to innovate our product and solutions offerings in the water industry and beyond.”

The PX Pressure Exchanger, which was first introduced over 20 years ago, revolutionized the economics of seawater reverse osmosis (SWRO) desalination by recycling pressure energy that would otherwise be lost in the desalination process.  The technology reduces the energy costs of converting seawater to fresh water via SWRO desalination by up to 60 percent.  In 1997, Energy Recovery installed its first PX Pressure Exchanger in the Canary Islands.

“I started my career with Energy Recovery two decades ago when the PX Pressure Exchanger had just recently been commercialized.  At that time, we were at the very beginning of tapping into the technology’s game-changing potential for the emerging SWRO desalination industry.  Since commercialization, we have increased the performance, reliability, and durability of our technology while becoming the energy recovery solution of choice for SWRO plants of all sizes,” shared Energy Recovery Vice President of Water Rodney Clemente.  “From our humble beginning in Chesapeake, Virginia, we have now deployed our PX Pressure Exchanger technology across all seven continents, helping to produce over 17 million m3/d of fresh water.  We are truly humbled and extremely proud of this milestone, and we look forward to continuing to support our industry partners in bridging the gap between the global water supply and demand imbalances.”

Energy recovery devices like the PX Pressure Exchanger have greatly influenced the trajectory of the SWRO desalination industry.  An Energy Recovery-produced infographic exploring this history can be found here: http://eri-old.flywheelsites.com/erds-in-swro-desal-ig/.

Energy Recovery’s PX Pressure Exchanger technology provides a best-in-class energy recovery solution for SWRO desalination through high efficiency and unmatched reliability.  The technology is designed for any size reverse osmosis desalination plant, delivers the lowest lifecycle cost of any energy recovery device on the market, and operates at 98 percent efficiency.  To learn more about the PX Pressure Exchanger, visit http://eri-old.flywheelsites.com/water/px-pressure-exchanger/.

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 398-2147

2019 Annual Shareholders Meeting

Energy Recovery, Inc. will be holding the 2019 Annual Shareholders Meeting on Thursday, June 13, 2019.

Date and TimeThursday, June 13, 2019, 10 a.m. PST
Location1717 Doolittle Drive, San Leandro, CA 94577

Energy Recovery Signs Licensing Agreement with Alderley for Centrifugal Products in the GCC

SAN LEANDRO, Calif., April 5, 2017  — Energy Recovery, Inc. (NASDAQ: ERII), the leader in pressure energy technology for industrial fluid flows, today announced a new licensing agreement with Alderley plc, a leading global supplier of integrated modular skid systems for oil and gas applications.

The 10-year licensing agreement will grant Alderley exclusive rights to sell and promote the Energy Recovery centrifugal line of products, including the IsoBoost™ and IsoGen™ systems for gas processing and pipeline applications in the Middle East region, including Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, Oman, Iraq and Iran to the extent international sanctions and laws permit. In return, Energy Recovery will receive a one-time royalty for each IsoBoost or IsoGen unit sold.

Energy Recovery has continuously expressed the drive to establish a solid beachhead in the GCC, or Gulf Cooperation Council countries.  Progress toward this strategic imperative began in 2015 when the company commissioned its first energy recovery device for gas processing, an IsoGen turbogenerator, within one Saudi Aramco’s larger facilities in the southeastern province of The Kingdom of Saudi Arabia. This beachhead was later fortified in 2016 when Energy Recovery announced the largest purchase order in the company’s history, committing to the provision of multiple IsoBoost units for what will be one of the world’s largest gas processing plants for the largest global producer of hydrocarbons.

Through this agreement with Alderley, the company progresses to the next phase of its centrifugal product strategy, allowing Energy Recovery to focus on technology and innovation while leveraging Alderley’s expertise in project execution.  The partnership with Alderley aims to accelerate a critical mass of installations for the IsoBoost and IsoGen product lines in the GCC by leveraging Alderley’s strong relationships and installation expertise within the region.  Ultimately, the agreement was consummated to generate more predictable and profitable revenue streams within the product line.  Throughout 2016, Energy Recovery executed a rigorous corporate development effort to identify and qualify partners for the Centrifugal product line, with Alderley rising as the ideal fit.

Energy Recovery’s President and CEO Joel Gay stated, “This agreement is yet another step toward realizing and unlocking the value of our long term strategy, moreover evidence of the continued evolution of Energy Recovery’s business model to that of a licensor of differentiated and disruptive technology.  In early 2015, we explicitly prioritized the GCC for the deployment of our IsoBoost and IsoGen technologies within gas processing and pipeline applications; this a function of the then pending economic malaise within the North American midstream and upstream and more importantly, the untapped energy density throughout the oil & gas infrastructure of the Middle East.  Our focused go-to-market strategy yielded success by way of the maiden installation of an Energy Recovery device within one of Saudi Aramco’s larger facilities in the first quarter of 2015, followed by securing the largest purchase order in the Company’s history for multiple IsoBoost units approximately one year later.  These proof points of early adoption inexorably lent to a comprehensive corporate development effort to identify and engage the next licensing partner for the Company, Alderley.  Alderley’s distribution channel, project management and product delivery expertise, coupled with our technology will make a potent combination in further institutionalizing hydraulic energy recovery solutions within the target region.  We are therefore elated to announce this licensing agreement and look forward to executing within its construct to further create value for our shareholders.”

Mark Colebrook, Chief Executive Officer, Alderley plc, added, “Alderley is excited to be working with Energy Recovery, Inc. in the selling and promotion of the company’s innovative and proven centrifugal products, as well as further driving the adoption and installation of these products across the GCC. Our knowledge and experience within the region, as well as the oil and gas industry will further bolster the execution and delivery of this innovative technology to an increasing number of plants and operators.”

About Energy Recovery

Energy Recovery (NASDAQ: ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.8 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

About Alderley

Alderley plc is a multi-disciplined engineering company operating in the oil, gas and petrochemical industries producing effective and efficient solutions for the metering, processing, treatment and control of hydrocarbon products. Alderley has a long heritage in the oil and gas industry and has supplied more than 750 systems to more than 50 countries. Alderley has headquarters in the UK, and regional facilities in the UAE, Kingdom of Saudi Arabia and Singapore. More about Alderley can be found at www.alderley.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that Alderley will be successful in accelerating a critical mass of installations for the IsoBoost and IsoGen product lines in the GCC, that the agreement will generate more predictable and profitable revenue streams within the product line, that the agreement will help realize and unlock the value of our long term strategy and create value for our shareholders, and that Alderley’s distribution channel, project management and product delivery expertise, coupled with our technology will make a potent combination in further institutionalizing hydraulic energy recovery solutions within the target region. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 8, 2017 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

Energy Recovery Awarded $8.8 Million for Water Projects in Saudi Arabia

SAN LEANDRO, Calif. — March 28, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $8.8 million (USD) to supply its PX® Q300 Pressure Exchanger® devices to multiple desalination facilities in the Kingdom of Saudi Arabia.  The devices are expected to ship in Q2 of 2019.

“I am thrilled with the strong performance of our water business.  We currently have the most significant backlog and pipeline in the Company’s history, with activity and awards spanning 2019 and 2020,” said Energy Recovery President and CEO Chris Gannon.  “Project activity continues to expand with little signs of slowing, driven in part by growing global demand for potable water.  In order to support the increasing level of activity we see this year and beyond, we are proactively investing in our water operations to materially increase manufacturing capacity this year.”

Energy Recovery estimates the PX Pressure Exchangers supplied to these desalination facilities will reduce power consumption for all projects by 54.3 megawatts (MW), saving over 469 gigawatt hours (GWh) of energy per year.   The facilities will produce up to 380,000 cubic meters of water per day, equivalent to filling more than 150 Olympic-sized swimming pools daily1.

“The Middle East and surrounding nations continue to lead the way in seawater reverse osmosis desalination growth.  I am proud of our team’s strong relationships with our long-term customers in the region, all of whom value our high-efficiency products and services,” said Energy Recovery Vice President of Water Rodney Clemente.  “We are pleased that the industry has recognized our PX Pressure Exchanger technology as the technology of choice for their energy recovery needs, and we look forward to supporting our partners in executing these critical projects.”

Sources
1 – Fédération Internationale de Natation (FINA) Facilities Rules

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid, and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, strength of our backlog and pipeline, our ability to increase our manufacturing capacity to meet growing demand, and reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 398-2147

###

Energy Recovery Elects New Chairman of the Board

SAN LEANDRO, Calif. — March 8, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the election of Mr. Robert Yu Lang Mao as the new Chairman of the Board of Directors, effective upon the Company’s 2019 Annual Stockholder’s Meeting in June 2019.  Mr. Mao has served as a Director of the Company since 2010 and will succeed Mr. Hans Peter Michelet, who first joined the Company’s Board of Directors in 1995 and has served as the Chairman of the Board since 2004.  Mr. Michelet will retire from the Board at the end of the current Board term.

“It’s been a privilege to guide Energy Recovery’s journey from installing our first PX Pressure Exchanger in 1997 to our position today as the leading energy recovery solutions provider for seawater reverse osmosis desalination,” said Mr. Michelet.  “Bob is the ideal steward for the next phase of the Company’s growth based on his global business acumen and deep knowledge of China, his strong strategic and analytical skills, as well as his prior board and executive experience helping industrial companies expand into new product and geographical markets. I am immensely optimistic about the Company’s future.”

Mr. Mao has more than thirty years of executive experience in the technology and telecommunications industries across Asia, the United States, and Europe.  In addition to serving on Energy Recovery’s Board of Directors, he is currently a Board Director of Hon Hai Precision Ind. Co. Ltd (Foxconn), the world’s largest contract manufacturer supplying high tech products to world leading companies including Apple, Amazon, Dell, Microsoft, and Hewlett-Packard Company (Hewlett-Packard).  Foxconn is a public company listed on the Taiwan Stock Exchange.  Mr. Mao also serves on the Board of Directors of privately held Ubee Interactive Corporation, a supplier of broadband access equipment and devices to multimedia and telecom service providers worldwide.

“Having spent many years driving industrial companies to scale and into new global markets, I believe Energy Recovery’s prospects are excellent,” said Mr. Mao.  “I am delighted to assume the position of Chairman of the Board and am committed to continuing HP’s focus on laying the foundation for long-term growth.  His legacy and impact on this organization cannot be understated, and he will always be a part of the Energy Recovery family.”

In 2013 Mr. Mao was named Chairman, China Region for Hewlett-Packard Company (Hewlett-Packard).   He retired from Hewlett-Packard in 2016.  Mr. Mao served as CEO of 3Com Corporation (3Com) from 2008 to 2010 and completed the sale of 3Com to Hewlett-Packard in 2010.  Mr. Mao was also a Board Director of 3Com from 2007 to 2010.  3Com was a Nasdaq listed S&P 500 company providing computer networking and security solutions and products to public and private enterprises worldwide.

Mr. Mao holds a Bachelor of Materials Science degree, a Master of Metallurgical Engineering degree from Cornell University, and an MBA degree from the Massachusetts Institute of Technology.

About Energy Recovery, Inc.

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Press Inquiries
pr@energyrecovery.com
+1 (510) 398-2147

Energy Recovery Awarded $4.9 Million for Desalination Projects in the United Arab Emirates

SAN LEANDRO, Calif. — February 21, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4.9 million to supply its PX® Pressure Exchanger® technology for desalination projects in the United Arab Emirates (UAE).  Energy Recovery’s PX-Q300 Pressure Exchangers are expected to ship in Q1 of 2019 to multiple desalination facilities included in this project award.

“We expect strong results this year in our water business, which continues to provide high-efficiency energy recovery and pumping solutions to the growing seawater reverse osmosis desalination market,” said Chris Gannon, President and CEO of Energy Recovery.  “Seawater reverse osmosis desalination is critical to meeting fresh water needs in regions that experience water scarcity.  In Dubai, the most populous city in the UAE, desalination meets more than 99 percent of the city’s water needs1.”

The PX-Q300 Pressure Exchanger, part of Energy Recovery’s PX Q Series line, operates more quietly than the standard PX product line while delivering valuable energy savings to customers.  Energy Recovery estimates the PX Pressure Exchangers supplied to these desalination facilities will reduce power consumption for all projects by 21.7 megawatts (MW), saving over 187 gigawatt hours (GWh) of energy per year.  The energy savings are approximately equivalent to the total electricity consumed by Dubai over one and a half days2.  The facilities will produce up to 218,000 cubic meters of water per day, comparable to filling more than 87 Olympic-sized swimming pools on a daily basis3.

“This strong wave of project activity underscores the significant operational savings that customers enjoy from our PX Pressure Exchanger technology,” added Rodney Clemente, Vice President, Water with Energy Recovery.  “The desalination universe continues to revolve around the Middle East, and I am proud of our team’s ability to leverage our unmatched reference list in the region to execute these large-scale projects.  We remain focused on driving long-term value for our customers globally via our technology and commercial and technical support services.”

Sources

1, 2 – Dubai Water & Power Authority 2017 Annual Statistics
3 – Fédération Internationale de Natation (FINA) Facilities Rules

About Energy Recovery, Inc.

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide.  Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients $1.9 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Dubai, Houston, Madrid and Shanghai.  For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, strength of results in 2019, reductions in power consumption from the technology.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results.  Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
(281) 962-8105

Press Inquiries
pr@energyrecovery.com
(510) 398-2147

Energy Recovery Awarded $4.4 Million for Desalination Projects in the Sultanate of Oman

SAN LEANDRO, Calif. — January 24, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4.4 million (USD) to supply its PX® Pressure Exchanger® technology for desalination projects in the Sultanate of Oman.  These desalination projects are expected to ship in Q2 and Q3 of 2019.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will collectively produce up to 200,000 cubic meters (m3) of water per day, the equivalent of filling 80 Olympic-size swimming pools.  Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 16 MW, saving over 138 GWh of energy per year and helping the facilities avoid over 82,800 tons of CO2 emissions per year.

Chris Gannon, Energy Recovery’s President and CEO, stated, “This award is a strong start to 2019, which is shaping up as a high-growth year for our water business based on our current backlog and pipeline.  We are continuing to see growth in the global desalination market, in part because desalination offers one solution to the growing water scarcity in different parts of the world.  Among other impacts, scarcity can threaten economic growth because water is a core ingredient of many industrial processes.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “We have seen unprecedented large-scale desalination activity in the Sultanate of Oman over the past five years.  I am proud that Energy Recovery’s PX, turbocharger devices and pumping technologies can be found in many SWRO facilities in-country, representing nearly 1 million m3/day of installed capacity.  Our attractive life-cycle-cost value proposition and ability to deliver meaningful energy savings continues to resonate with our valued customers.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.9 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, and the potential of 2019 being a high-growth year for our water business.  These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements.  All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
(281) 962-8105

Energy Recovery Moves Forward with Commercial Development Center in Texas

SAN LEANDRO, Calif.—January 14, 2019 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, announced today that it has executed a lease for the company’s new Commercial Development Center in the Houston region.  The facility will serve as the central office for Energy Recovery’s Oil & Gas segment including its management team, its Engineering System, Design and Performance teams, as well as field personnel.  Work at the facility will initially focus on the continued technical and commercial advancement of the company’s VorTeq™ and MTeq™ technologies.

The four-acre site in Katy, Texas, will include 20,000 square feet of manufacturing and warehouse space, 5,000 square feet of office space and a two-acre yard for field testing and product development.  Once fully operational, the facility will allow the Company to test technology at scales representative of real-world conditions.  In addition, the facility will eventually house advanced equipment to machine, inspect and test the Company’s specialized tungsten carbide components.  Ultimately, the Center will enable the Company to further refine the technology following commercialization.

Energy Recovery’s President and CEO Chris Gannon stated, “We continue to make progress toward VorTeq commercialization, and our investment in this facility further underscores our confidence in the technology. These new capabilities will resolve a long-term challenge for our company along the path to commercialization, namely our previous reliance upon third-party facilities and resources for full scale product testing and development.  The Center will enhance the abilities of our engineers to rapidly innovate and test the VorTeq at scale, allowing us to take control of the commercial development process.  Beyond VorTeq, the Center will be an important strategic asset in the ongoing development of other technologies, as we continue to grow and develop new applications for our core PX® Pressure Exchanger® technology.”

Eric Siebert, Energy Recovery’s Vice President, Oil & Gas, added, “The expanded capabilities of our new facility will allow us to build valuable system runtime, reduce cycle time between development iterations and improve repeatability as we progress towards commercialization. The goal has always been the most efficient path to commercialization with VorTeq and MTeq, and this investment is firmly in line with that objective.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that the Company will grow and develop new applications for our PX Pressure Exchanger technology. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
+1 (281) 962-8105

Energy Recovery Awarded $2.7 Million for Mining Desalination Projects in Chile

SAN LEANDRO, Calif.—December 06, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.7 million to supply its PX® Pressure Exchanger® technology for desalination projects in Chile. These desalination projects will be used specifically in the mining process and are expected to ship in the fourth quarter of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will produce up to 148,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 12.7 MW, saving over 110 GWh of energy per year, and helping the facilities avoid over 65,740 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “2018 is shaping up to be a potential record year thanks to the continued success of our PX Pressure Exchanger and the value it generates for our customers. These recent awards in Chile confirm the efficacy and strength of the PX technology.  We are excited about the growth opportunities for our Water business and the continued strength and activity level for desalination throughout 2018 and into 2019. Moving forward we will continue to aggressively pursue tactical initiatives across the broader water industry.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “Energy Recovery has had its eye fixed on Chile as a strategic market and accordingly has positioned our company to assist these facilities in maximizing the overall profitability of their operations through an increased understanding of the critical mining-water nexus. Energy Recovery’s PX Pressure Exchanger technology has the lowest-life-cycle cost of any energy recovery device on the market today, and this industry-leading value proposition resonates well with both our customers and end-users in Chile. More specifically, our uptime advantage in mining applications is unmatched – vitally important when every day of downtime translates to millions of lost dollars for our customers. We are excited to add another critical project to our successful global reference list.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, the potential of 2018 being a record year, grown opportunities throughout 2018 and 2019, and the Company’s pursuit of tactical initiatives across the broader water industry. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Investor Relations
ir@energyrecovery.com
(281) 962-8105

Energy Recovery Announces Appointment of Josh Ballard as Chief Financial Officer

SAN LEANDRO, Calif.—August 14, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the appointment of Mr. Josh Ballard as Chief Financial Officer, effective August 13, 2018.  In this role, Mr. Ballard will oversee Energy Recovery’s finance, IT, and investor relations organizations as the company continues to cultivate its core water business and further develop innovative PX® Pressure Exchanger® technology solutions for new markets.

Mr. Ballard has more than 20 years of experience and most recently held the position of Operating Partner at Orox Capital Management, a Dallas-based private equity firm. During his time there he was responsible for the management of and collaboration with portfolio company teams to implement long-term strategic plans and improve finance and operations.  Additionally, he served as the CFO for Southwest Spirit and Wines, an Orox Capital portfolio company, during a critical growth period in the company’s development.

Energy Recovery’s President and CEO Chris Gannon stated, “Josh brings a strong finance and operations background which will support us as we scale our water and oil and gas businesses. He has tremendous experience, both domestically and internationally, working across industries within complex organizations to successfully navigate high growth. I am confident in Josh and his abilities to further enhance our already outstanding organization.”

Mr. Ballard stated, “I am excited to join Energy Recovery during this pivotal time in its growth. I am aligned with the leadership team’s strategic vision for the future and look forward to being a part of this dynamic and fast-paced team as we continue to build on the company’s success.”

Prior to joining Orox Capital Management, Mr. Ballard was the Managing Director of Lanterne Advisors, LLC, where he held multiple CFO roles with venture-backed companies. He also served as Executive Director of Finance and Investor Relations for SigmaBleyzer Investment Group, a private equity fund, with investments across a broad range of industries within the U.S., Southeast Europe, and other former Soviet Union countries. During this time, he not only managed the domestic and international operations of SigmaBleyzer, but also Investor Relations functions for its five funds with nearly $1 billion under management.  Mr. Ballard started out his career working on multiple international oil and gas projects, most notably with Fluor Corporation.

Mr. Ballard holds a CFA, CMA and a Global MBA in Finance from Thunderbird, School of Global management.

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Contact

Investor Relations
ir@energyrecovery.com
(510) 746-2512

Energy Recovery Awarded $3.3 Million for Water Projects in Egypt

SAN LEANDRO, Calif.—July 25, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a $3.3 million award to supply its PX® Pressure Exchanger® for a water project in Egypt. The order is expected to ship in the fourth quarter of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers, which will produce up to 106,560 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facility’s power consumption by 16 MW, saving over 139 GWh of energy per year, and helping the facility avoid over 83,500 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “This and other recent awards instill further confidence in the strength of our water business through the second half of 2018 continuing into 2019. North Africa remains a key market for desalination, and thanks to the tireless efforts of our water team and the excellence of our Pressure Exchanger technology we continue to see success in both mega project and OEM awards in the region.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “Egypt continues to be a global leader in desalination and was an early adopter of Energy Recovery’s technology. Since deploying our industry-leading PX Pressure Exchanger technology, which offers the lowest lifecycle costs of any energy recovery device on the market, we have successfully captured 100% mega project market share in-country with 550,000 cubic meters per day of installed capacity. We continue to track developments in regional infrastructure and are excited for the additional opportunities to support Egypt’s aggressive growth strategy into the future.”

About Energy Recovery
Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements
Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, the Company’s belief in the strength of the Company’s water business in 2018 and 2019 and our ability to unlock emerging market opportunities. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

Energy Recovery Announces Appointment of Chris Gannon as President and Chief Executive Officer

SAN LEANDRO, Calif.—May 3, 2018—Energy Recovery Inc. (NASDAQ:ERII) (“Energy Recovery” or the “Company”), the leader in pressure energy technology for industrial fluid flows, today announced that its Board of Directors has appointed Mr. Chris M. Gannon, current interim President and Chief Executive Officer, as the Company’s new President and Chief Executive Officer and as a member of its Board of Directors, effective immediately. Mr. Gannon was named interim President and Chief Executive Officer on February 25, 2018 and has been the Company’s Chief Financial Officer since June 2015.

Mr. Hans Peter Michelet, Chairman of the Board of Directors, stated, “The Board and I believe this is a perfect time for Chris to become our new Chief Executive Officer.  Chris has been instrumental in the development and execution of Energy Recovery’s long-term strategy, and under his leadership, we are confident that the Company will be able to realize the many goals we’ve set for ourselves.  Chris represents the very best of the Energy Recovery culture and he has the Board’s confidence in his ability to lead, inspire and energize our employees, customers and partners.  We conducted an extensive search throughout multiple industries, including oil & gas, and concluded that Chris is the best executive to lead our company forward.  Throughout his tenure and especially during this transition, Chris has demonstrated the leadership attributes and broad business acumen that the Board of Directors believe are central to the Company’s growth and continued success.”

Mr. Gannon stated, “I would like to thank the Board of Directors for their support and vote of confidence. I am deeply honored to be taking on the role of Chief Executive Officer.  I truly believe the opportunities that lie ahead for Energy Recovery are tremendous, and I am thrilled and humbled to lead the Company and the talented men and women at Energy Recovery as we execute against our key strategic initiatives.  I am focused on continuing the Company’s culture of innovation and execution.”

Chris Gannon has served as Energy Recovery’s interim President and Chief Executive Officer since February 2018 and Chief Financial Officer since June 2015.  Mr. Gannon has deep experience in multiple corporate disciplines including strategy, finance, operations, and corporate development.  Prior to Energy Recovery, Mr. Gannon served as a Managing Director at Conway MacKenzie.  Mr. Gannon earned an MBA from the University of Chicago Booth School of Business and a BSE in Industrial and Operations Engineering from the University of Michigan College of Engineering.

About Energy Recovery Inc.

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

Energy Recovery Awarded $10.1 Million for Water Projects in Saudi Arabia

SAN LEANDRO, Calif.—March 27, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $10.1 million to supply its PX® Pressure Exchanger®, and pump technologies for water projects in Saudi Arabia. The orders are expected to ship in the second and third quarters of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers, VPXPTM circulation pumps and AquaBoldTM high pressure pumps for multiple desalination facilities, which will produce up to 470,000 cubic meters of water per day.  Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 50 MW, saving over 431 GWh of energy per year, and helping the facilities avoid over 258,000 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “Megaprojects and the Middle East remain key indicators as to the health of the overall water market, and we see continued strength throughout 2018 and into 2019.  We remain focused on maximizing customer value with end-to-end recovery solutions that combine our PX Pressure Exchanger and pump technologies in a single comprehensive offering, as seen in these recent awards.”

Rodney Clemente, Energy Recovery’s Vice President, Water, added, “Historically, the Saudi Arabian market was difficult for membrane desalination technologies to penetrate as low-cost, local power enabled technologies such as thermal desalination to initially gain majority market share. Due to advancements in seawater reverse osmosis technologies and increased awareness in energy preservation, there has been a shift from thermal desalination to seawater reverse osmosis solutions. We first deployed our PX Pressure Exchanger Technology into Saudi Arabia in 2013, and over the past 5 years we have captured 8 mega project references. Energy Recovery is positioned to unlock emerging market opportunities and remains focused on maintaining market position in critical countries like the Kingdom of Saudi Arabia.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, the Company’s ability to unlock emerging market opportunities and market share expectations. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

Energy Recovery Awarded $4 Million for Desalination Projects in Egypt

SAN LEANDRO, Calif.—March 15, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4 million to supply its PX® Pressure Exchanger® technology for desalination projects in Egypt. The orders are expected to ship in the 1st half of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple desalination facilities in Egypt, which will produce up to 160,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facilities’ combined power consumption by 15.6 MW, saving over 134.5 GWh of energy per year, and helping the facilities avoid over 80,400 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Chris Gannon stated, “These recent awards are the direct result of the dedicated efforts of our water team and an indication of Energy Recovery’s continuing strength in the global desalination market. As we have emphasized in our most recent earnings call, we are laser-focused throughout 2018 on supporting and growing our desalination business and unlocking previously untapped market potential through packaged solutions and offerings like the Prime Performance Energy Services Agreement.”

Rodney Clemente, Energy Recovery’s Vice President, Global Desalination Sales Operations, added, “We have and will continue to target Egypt as a strategic territory for Energy Recovery. The country was one of the earliest adopters of our industry-leading PX Pressure Exchanger technology with our first units in the country deployed approximately 15 years ago. Our innovative solutions put us in an excellent position to leverage Egypt’s planned growth in desalination, and we will continue to support our local strategic partners and customers in the region through the tireless efforts of our Sales and Service teams.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology, our ability to grow our desalination business and unlocking untapped market potential, our ability to offer packaged solutions and the Prime Performance Energy Services Agreement, and our ability to leverage Egypt’s planned growth in desalination. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

Energy Recovery Announces Share Repurchase Program

SAN LEANDRO, Calif.—March 8, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that its Board of Directors approved a share repurchase program that authorizes the company to purchase up to $10 million of the company’s outstanding common stock.

Energy Recovery’s President and CEO Chris Gannon stated, “Our business performed exceedingly well in 2017, generating positive cash flow to add to our already strong balance sheet. We view implementing a share buyback as the most advantageous method at present to return cash to our shareholders and drive future returns.”

Under the newly authorized repurchase program, purchases of shares of common stock may be made from time to time in the open market, or in privately negotiated transactions, in compliance with applicable state and federal securities laws. The timing and amounts of any purchases will be based on market conditions and other factors including price, regulatory requirements, and capital availability. The share buyback program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time without prior notice.

Payment for shares repurchased under the program will be funded using the Company’s cash on hand.

About Energy Recovery
Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements
Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

Energy Recovery to Participate in JMP Securities Technology Conference

SAN LEANDRO, Calif.—February 27, 2018 – President and CEO Chris Gannon will be participating in a Fireside Chat presentation to investors in San Francisco today as part of the JMP Securities Technology Conference. The event will be webcast and can be accessed by the Energy Recovery Investor Relations website or via http://wsw.com/webcast/jmp35/erii/.

About Energy Recovery, Inc.

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Contact:

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

Chris Gannon Appointed Interim President and CEO of Energy Recovery

SAN LEANDRO, Calif.—February 27, 2018 – The Board of Directors of Energy Recovery announced today the resignation of President and Chief Executive Officer Joel Gay.   The Board has accepted Mr. Gay’s resignation and appointed current Chief Financial Officer Chris Gannon as interim President and Chief Executive Officer effective immediately. Mr. Gay submitted his resignation to the Board on Saturday, February 24th, 2018, citing the need to attend to personal family matters.

HP Michelet, Chairman of the Board of Directors, expressed strong support for Chris Gannon’s appointment and commented on Mr. Gay’s years of leadership at the company:

“Joel has been a tireless leader in driving fundamental change in the company’s strategy and expanding our technologies’ reach into new business sectors, laying a path for continued growth beyond our market leading position in the global desalination business.  We extend our sincere thanks for his efforts and wish him the very best.”

“Looking forward, Energy Recovery is well positioned with Chris Gannon, our CFO since June 2015, at the helm.   Chris is a proven senior leader with a deep commitment to Energy Recovery’s future success and the Board is confident that Chris is the right person to lead the organization.”

Chris Gannon has accepted the role and commented, “I am honored by the Board’s support as I take up this new challenge and I am truly excited about the future of our company.  Energy Recovery is on solid-footing and I’m firmly committed to executing on our corporate strategy.  Our team consists of world-class professionals that I am honored to lead. We will continue to work tirelessly to maximize value to our organization, customers, vendors and shareholders.”

“This change in leadership does not represent a change in strategy.  The development and execution of Energy Recovery’s corporate strategy has been, and will continue to be, a product of the executive leadership team” Gannon added.  “Our primary focus continues to be the commercialization of VorTeq™ and we remain confident in attaining material progress in 2018.  In addition, we will continue to grow our leading position in the desalination business, work to develop and commercialize our MTeq™ product and invest in innovation and application of our core technologies into new markets.”

Chris Gannon has served as Energy Recovery’s Chief Financial Officer since June 2015, leveraging decades of executive experience across multiple corporate disciplines.  Prior to Energy Recovery, Mr. Gannon served as a Managing Director at Conway MacKenzie.  Mr. Gannon earned an MBA from the University of Chicago Booth School of Business and a BSE in Industrial and Operations Engineering from the University of Michigan College of Engineering.

About Energy Recovery, Inc.

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Contact:

Emily Smith
esmith@energyrecovery.com
(510) 746-2512

Energy Recovery Awarded $6.2 Million for Desalination Projects in Saudi Arabia

SAN LEANDRO, Calif.—February 21, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $6.2 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in Saudi Arabia. The orders are expected to ship in the 1st half of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will produce up to 305,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the facilities’ power consumption for all projects by 33.7 MW, saving over 291 GWh of energy per year, and helping the facilities avoid over 174,000 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “The Middle East remains a key market for Energy Recovery and an indication of continuing strength in the global desalination market throughout 2018.  Saudi Arabia has prioritized the reallocation of economic resources, with potable water and desalination of particular focus.  As evidenced by this latest award, Energy Recovery is a direct beneficiary of said shift in focus and will continue to deliver our best-in-class technology and solutions throughout the global desalination market to enable customers to maximize operational efficiency while minimizing total life-cycle cost.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology and market share expectations. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

Energy Recovery Awarded $2.9 Million for Desalination Projects in Asia

SAN LEANDRO, Calif.—February 14, 2018 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.9 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in Asia. The orders are expected to ship in the 2nd quarter of 2018.

Energy Recovery will supply its PX-Q300 Pressure Exchangers for multiple facilities, which will produce up to 170,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the plants’ power consumption for all projects by 14.1 MW, saving over 121.9 GWh of energy per year, and helping the facilities avoid over 72,850 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery is steadfastly focused on delivering its state-of-the-art PX technology to enable customers to maximize efficiency and dependability, all while shoring up our position as the global desalination leader in energy recovery.  We are excited about the outlook for the desalination market in 2018 and see these significant awards in key markets such as Asia as further validation of the technology and strength of our core, cash generating desalination business line.”

About Energy Recovery

Energy Recovery, Inc. (ERII) is an energy solutions provider to industrial fluid flow markets worldwide. Energy Recovery solutions recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Energy Recovery products save clients more than $1.8 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai. For more information about the Company, please visit www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of shipments of the orders, reductions in power consumption from the technology and market share expectations. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer

buhlmer@energyrecovery.com

(713) 858-2284

###

Energy Recovery Announces Launch of MTeq for Mud Pumping and Agreement with Sidewinder Drilling LLC as Maiden Early-Stage Partner

SAN LEANDRO, Calif.—May 2, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the release of MTeq, a pumping solution engineered to increase productivity and reduce operating costs in the mud pumping process in Oil & Gas drilling applications by rerouting abrasive fluids away from high-pressure pumps. In conjunction with the MTeq product launch, Energy Recovery announces a partnership with Sidewinder Drilling LLC as its first early-stage partner for the solution.

MTeq utilizes Energy Recovery’s innovative PXTM Pressure ExchangerTM technology, currently used globally in desalination, and applies it to the upstream Oil & Gas drilling and mud pumping process. This is in keeping with the central imperative of the company’s long-term strategy to develop derivatives of the Pressure Exchanger technology and subsequently identify channel partners with which to bring new technology to market.

MTeq creates value by protecting pumping equipment in a critical process related to drilling oil and gas wells called mud pumping. During mud pumping, a drilling fluid, also known as drilling mud, is circulated from a mud pit through the borehole to remove cuttings, control formation pressures, and lubricate the drill bit. Although the mud pumping process removes most of the solids from the drilling mud, some debris and sand remains and subjects the pumps circulating the fluid to extreme wear, resulting in burdensome repair and maintenance costs. MTeq is installed as a barrier between the mud pits and the pumps, thereby allowing the pumps to process clean, particulate-free fluid, and not the particulate-laden fluid that lends to component failure.

By requiring pumping equipment to process only clean fluid, MTeq will enable a fundamental shift in drilling rig system level design, allowing for the use of centrifugal pumps, which offer greater reliability and cost efficiency to drilling service providers. Upon this shift, operators will immediately unlock value by reducing pump repair and maintenance costs, reducing planned and unplanned rig downtime, increasing overall operational safety, and decreasing mobilization cost and rig up and down time.

Importantly, Energy Recovery’s early-stage partnership with Sidewinder will allow for product field testing and development, validation of the technical envelope and operational parameters, and ultimately, the definition of the path to full commercialization.

Energy Recovery’s President and CEO Joel Gay stated, “We have severally described our technology value proposition as being ubiquitous; namely that we can create significant value for the industrial end user in any application that presents high flow rates, large pressure differentials and high-capital intensity in the form of pump expenditures. Oil & Gas is the most target-rich industry in this respect, and mud pumping within drilling applications presents a unique opportunity to leverage our fluid physics and material science capabilities to develop and deliver an entirely novel and potentially disruptive technology, the MTeq. Given what appears to be a sustainable market upswing and subsequent recapitalization, we are excited about the prospect of fundamentally changing the rig system-level design through the introduction of centrifugal pumps as substitutes to the incumbent plunger pumps, an option only possible through the integration of the MTeq. We are further enthused to work with a well-respected and technology-focused service provider such as Sidewinder to further validate the MTeq, integrate it into their rig configuration and advance the technology toward full commercialization.”

Mr. Gay continued, “We seek to institutionalize Gatling-like product innovation with the objective of developing one derivative of the Pressure Exchanger annually. The launching of the MTeq is the offspring of this program and is further progress toward the achievement of our long-term strategy. We look forward to collaborating with Sidewinder throughout the field trial process.”

Jon Cole, CEO of Sidewinder Drilling, stated, “We are very pleased to have executed an early-stage agreement with Energy Recovery. We believe that the MTeq pump technology will lead to better drilling performance for our customers; while reducing mud pump downtime and expendable expense. Providing superior drilling performance is critical to our customer relationships. Working with Energy Recovery to validate the MTeq technology will provide benefits to Sidewinder and our customers.”

Additional information on Energy Recovery’s MTeq system, including a video animation, can be found on the Company’s website at www.energyrecovery.com.

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.8 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

About Sidewinder Drilling

Headquartered in Houston, Texas, Sidewinder was founded in 2011 and formed to build, own and operate premium land drilling rigs and to provide contract drilling services for exploration and production (“E&P”) companies targeting unconventional resource plays in North America. Through acquisitions and construction of rigs, Sidewinder has built a contract land drilling company with a large scale, modern asset base focused on delivering the high performance drilling services required by operators seeking to efficiently and safely develop unconventional oil and gas resources. Sidewinder’s long-term strategy is to capitalize on the activity in unconventional resource plays by expanding the Company’s existing customer base and by operating in all phases of field development, from exploration and delineation drilling to full-scale commercial development. Visit: www.sidewinderdrilling.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our belief that MTeq will increase productivity and reduce operating costs in the mud pumping process; our belief that MTeq will enable a fundamental shift in drilling rig system level design including the use of centrifugal pumps; our belief that centrifugal pumps will immediately unlock value for operators by reducing pump repair and maintenance costs, reducing planned and unplanned rig downtime, increasing overall operational safety and decreasing mobilization cost and rig up and down time; and that we will be able to commercialize MTeq. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 10, 2017 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Annual Shareholders Meeting 2017

The Annual Shareholders Meeting will be held on Thursday, June 22, 2017 at 10:00 a.m. PT.

Date and TimeThursday, June 22, 2017 10:00 a.m. PT  
Location1717 Doolittle Drive
San Leandro, CA 94577

Energy Recovery Awarded $3 Million for Desalination Retrofit Projects in Europe

SAN LEANDRO, Calif.—April 24, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of roughly $3 million to supply its PXTM Pressure ExchangerTM technology to retrofit several desalination plants in Europe. The orders are expected to ship in the in the second half of 2017.

Energy Recovery will supply its PX-Q300 and PX-Q260 Pressure Exchanger devices for the plants, replacing existing turbine technology. The projects will collectively produce a total of up to 133,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce power consumption for all projects by 2.5 MW, saving over 21.4 GWh of energy per year, and helping the plants avoid more than 12,000 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “These awards are yet another proof point around our technological leadership within the global desalination market. We will continue to aggressively attack the brownfield retrofit market, targeting plants with legacy solutions thereby continuing to grow our share of the desalination wallet and execute against our long term strategy. The PX PrimeTM and Prime Performance Energy Services Agreement, or ESA, will be yet another tool in our repertoire which we will utilize to unseat the competition and provide the premier energy recovery solutions to our ever-growing customer base.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.8 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 8, 2017 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery Selects Kemper as Design Partner for Second Generation VorTeq Missile

SAN LEANDRO, Calif.—March 28, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a new partnership with Kemper Valve and Fittings Corp., a Caterpillar company (NYSE: CAT), to design and produce the second generation manifold trailer, or missile, for Energy Recovery’s VorTeqTM hydraulic pumping system.

The VorTeq system is an application of Energy Recovery’s award-winning PXTM Pressure ExchangerTM technology in the hydraulic fracturing industry, and will be used to protect pumps from constant and costly failures by re-routing abrasive proppants (most commonly sand) away from high-pressure pumps.

After a rigorous process, Energy Recovery has selected Kemper as a partner to design and manufacture the second generation missile that will house the Company’s third generation VorTeq Pressure Exchangers. The second generation missile will be designed to better insulate the Pressure Exchangers from the system excitation and pulsations that were experienced on the prototype missile, as well as to increase volumetric capacity and endeavor to yield performance levels more emblematic of the commercialization standard defined in the Company’s licensing agreement.

Energy Recovery’s President and CEO Joel Gay stated, “Our partnership with Kemper underscores an unflinching commitment to commercialize the VorTeq and fully unlock and deliver its value to our shareholders. Kemper rose to the top of a decorated selection of potential design and manufacturing partners on the basis of its portfolio of tried-and-tested surface-level equipment within the oil and gas industry. By working closely with our engineers, we believe Kemper to be uniquely qualified to successfully deliver a second generation manifold capable of mitigating the system excitation challenges and vibrational operating concerns witnessed with our prototype missile throughout the milestone mobilization testing process in 2016. Importantly, the second generation missile is being designed in parallel with our third generation VorTeq cartridge to constitute the second generation VorTeq Hydraulic Pumping System. We will therefore execute milestone testing with this new system, one that contemplates the lexicon of data acquired throughout 2016, the expertise of an industry-leading capital equipment manufacturer and the latest fluid physics technology in the form of a new Pressure Exchanger. This partnership with yet another industry bellwether furthers our confidence in achieving milestone success in 2017.”

Tim Hennessey, General Manager of Kemper Valve and Fittings, added, “Kemper Valve and Fittings is pleased to be working with Energy Recovery, Inc. in the engineering, design and fabrication of the next generation VorTeq flow iron. The opportunity to participate in this ground-breaking technology fits with our strategy of differentiating ourselves within the Oil and Gas sector. We believe that our expertise in oil services manufacturing, combined with Energy Recovery’s deep knowledge of fluid physics and material science, creates a natural fit for this initiative.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.8 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

About Kemper Valves & Fittings

Kemper Valves & Fittings Corp. (Kemper), a wholly owned subsidiary of Caterpillar, Inc. manufactures a complete line of high and low pressure flow iron to the oil and gas industry. Headquartered near Chicago, IL, Kemper has served the Oil & Gas industry since 1965. Kemper has nine facilities located across the United States and Canada.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the Company’s ability to commercialize the VorTeq, the Company’s belief that the milestones will be met in 2017, and our expectations that the second generation manifold will be capable of mitigating the system excitation challenges and vibrational operating challenges we have experienced. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 8, 2017 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery Awarded $2.36 Million for Desalination Projects in India

SAN LEANDRO, Calif.—February 22, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.36 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in India. The orders are expected to ship in the first half of 2017.

Energy Recovery will supply its PX-Q300 Pressure Exchanger devices for several plants, which will produce up to 64,000 total cubic meters of water per day. Energy Recovery estimates the PX devices will reduce power consumption for all projects by 9.6 MW, saving over 82.9 GWh of energy per year, and helping them avoid 49,558 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “We remain bullish on the desalination market in India and believe these awards signify this critical market is opening up. We are dedicated to providing the best energy recovery solutions to the global desalination market, with particular focus on those regions which face the greatest challenges related to water scarcity. India is in drastic need for potable water, and we at Energy Recovery are poised to support the more widespread use of desalination there through our industry-leading energy recovery solutions.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.8 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

Energy Recovery Signs Partnership with Düchting Pumpen to Bolster New Financial Offering in Desalination

SAN LEANDRO, Calif.—January 18, 2017 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the signing of a master agreement with Düchting Pumpen, a German-based pump manufacturer. The agreement will launch a collaborative partnership between the two companies, and will package Energy Recovery’s latest Pressure Exchanger technology with Düchting Pumpen’s pumping solutions to provide an all-encompassing energy recovery solution for customers in desalination.

The partnership’s packaged solution will be provided through an Energy Services Agreement (“ESA”), specifically the Prime Performance ESA, which includes the launch of the next generation of Pressure Exchanger, the PX Prime. The PX Prime offers the highest energy efficiency in the industry with added performance upgrades, including less fluid mixing.

Energy Recovery’s President and CEO Joel Gay said, “Innovation is central to our Company’s DNA. Energy Recovery’s newly formed partnership with Düchting Pumpen is yet another conduit for value-creating innovation to the market and will further our position as the dominant player in the global desalination industry. Just as we redefined the technology standard nearly 20 years ago with the introduction of our flagship Pressure Exchanger, the Prime Performance Energy Services Agreement could very well emerge as the procurement standard of the future. The multi-faceted synergies realized through our partnership with Düchting Pumpen, namely a complete, flawless delivery system of the industry’s best technology, service and support will lend significantly to this potential industry shift. By utilizing the Prime Performance ESA as a vehicle for delivery, we have eliminated a significant barrier to entry for those customers who seek plant optimization but are unable to secure financing. We have often discussed the cyclicality and relative lack of size of our total addressable market within desalination. The Prime Performance ESA and newly formed partnership with Düchting Pumpen could increase the attractiveness of the desalination market by availing the Company of significant retrofit opportunities and the potential of recurring and more predictable revenue streams. In short, the partnership between Energy Recovery and Düchting Pumpen to deliver the Prime Performance ESA is a natural evolution in the way we approach the desalination business.”

The Prime Performance Energy Services Agreement will work by packaging the desalination industry’s best energy recovery technology, namely the PX Prime, with installation, service and maintenance for the energy recovery solution. With this new, state-of-the-art solution, customers will enjoy savings in the form of maintenance costs (for both old and new equipment) and energy savings. The agreement will allow customers to use this technology without requiring any substantial upfront costs. Instead, customers will pay for the technology over time through a percentage of the total savings that the solution generates.

Düchting Pumpen will provide their pumps, which when paired with PX technology, will allow seamless integration into existing installations. With roots back to 1938 across three generations, Düchting Pumpen has decades of expertise in advanced centrifugal pumps for reverse osmosis desalination, and is already a leading provider of pumping equipment for the global water industry.

Dr. Carsten Düchting, CEO of Düchting Pumpen, said, “We look forward to continuing our partnership with Energy Recovery to deliver a unique solution that includes both industry-leading energy recovery and pumping equipment. We are excited at the prospect of accessing a new segment of the desalination market with this new solution.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award-winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually. Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

About Düchting Pumpen

Düchting Pumpen is a third-generation, privately owned company with headquarters in the Ruhr area of Germany. Düchting Pumpen was founded in 1938 and has extensive experience in the field of advanced centrifugal pumps across a spectrum of industries to include desalination reverse osmosis, gas desulphurization industry, mining, and chemical pigment. The company’s motto of “Customized Solutions – No exception but our standard” forms the basis for their sophisticated range of products and capabilities in the design, manufacture, testing, and commissioning of single and multi-stage centrifugal pumps.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the adoption of the ESA as a procurement model within the industry, the materialization of retrofit opportunities, the potential or recurring and more predictable revenue streams, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery Awarded $4.4 million for Desalination Projects in North Africa

SAN LEANDRO, Calif.—December 7, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $4.4 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in North Africa. The orders are expected to ship in the first half of 2017.

Energy Recovery will supply its PX-Q300 Pressure Exchanger devices for the plants, which will produce a total of up to 170,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for all projects by 19.7 MW, saving over 170 GWh of energy per year, and helping them avoid 102,000 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “As we look to the end of 2016, we are committed to driving our sales in desalination, with a focus on key regions such as the Middle East and North Africa. These new awards fortify our position as the world leader in energy recovery technology for desalination, and we will continue to push ourselves to ensure that desalination plants around the globe have access to the industry’s most efficient and most reliable energy recovery technology.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery To Replace Isobarix Technology in Milestone Retrofit Opportunity in Middle East

SAN LEANDRO, Calif.—November 29, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that the company has been awarded another brownfield retrofit opportunity to install its industry leading PXTM Pressure ExchangerTM technology. The retrofit, located in the Middle East, marks the first time the Company will retrofit a plant using technology produced by Isobarix, which intended but failed to replicate the proprietary Pressure Exchanger solution. It is expected to ship in the 4th quarter of 2016.

The plant selected Energy Recovery to supply its Q-Series PX devices to replace the Isobarix technology, which has caused unacceptable levels of noise and vibration, as well as high maintenance costs. Energy Recovery’s PX devices will allow the plant to lower costs and enhance performance around noise, vibration, and safety.

Offering an industry-best return on investment, and designed to run with the highest efficiency and availability in the desalination industry, Energy Recovery will continue to seek out opportunities to retrofit small, medium and large-scale facilities around the globe.

Energy Recovery’s President and CEO Joel Gay stated, “This plant retrofit is a particularly seminal moment in the Company’s history and furthers our position of technology leadership within the global desalination market. A core tenant of our strategy in this segment is to target plants with inferior technology, demonstrate the superiority of our offerings, upgrade the plant and add to the portfolio of customers who are Pressure Exchanger loyalists. Isobarix’s technology operates under similar fluid physics principles as our flagship Pressure Exchanger but with decreased efficiency, reliability and performance. That we were able to unseat copycat and indeed inferior technology solidifies Energy Recovery’s pole position in the ongoing technology race within not only the global desalination market, but all core markets in which we arbitrage pressure energy and preserve pumping assets. In the past, we have believed that at least one Isobarix product infringes on certain of our intellectual property and this retrofit provides us with a further opportunity to investigate our belief and potentially discover other potential infringements. We will continue to aggressively execute against our long-term strategy with an increasing focus on protecting our intellectual property from those who would seek to otherwise usurp it.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery Named Manufacturer of the Year by Prestigious 2016 Texas Oil & Gas Awards

SAN LEANDRO, Calif.—November 7, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, has been recognized as Manufacturer of the Year by the prestigious 2016 Texas Oil & Gas Awards. The Awards recognized the innovation of Energy Recovery’s VorTeqTM hydraulic pumping system.

The VorTeq system addresses a major pain point in hydraulic fracturing by re-routing abrasive proppants away from high pressure pumps. This allows the high pressure pumps to process only clean fluid, thereby extending their life and helping to prevent daily failures on frac sites.

Energy Recovery’s President and CEO Joel Gay stated, “We are thrilled to be recognized by such an influential award in the oil and gas industry. Energy Recovery has rapidly evolved from a small innovator to an engineering hub that draws some of the finest minds in oil and gas. We feel honored to have earned this kind of recognition among our peers, and look forward to announcing future disruptive applications of our Pressure Exchanger technology.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the timing of announcing future applications of Energy Recovery’s Pressure Exchanger technology. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery Awarded $2.8 Million for Desalination Projects in India

SAN LEANDRO, Calif.—November 2, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.8 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in India. The orders are expected to ship in 2016.

Energy Recovery will supply its PX-Q300 Pressure Exchanger devices for the plants, which will produce up to 95,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for the projects by 12.4 MW, saving over 108 GWh of energy per year, and help them avoid 64,000 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “As we near the end of 2016, we continue to fulfill our promise that this is a year of execution at Energy Recovery. We have committed to expanding our global reach in desalination, and these new deals in India allow us to offer our technology in a key emerging region that has a critical need for potable water. Following our recent awards in the Middle East, we continue to prove that Energy Recovery produces the world’s leading energy recovery technology.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery Awarded $2.7 Million for Desalination Projects in Middle East

SAN LEANDRO, Calif.—October 31, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.7 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in the Middle East. The orders are expected to ship in 2017.

Energy Recovery will supply its PX-Q300 & PX-Q260 Pressure Exchanger devices for the plants, which will produce up to 114,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for the projects by 14.5 MW, saving over 125 GWh of energy per year, and help them avoid 74,800 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery’s strategy for 2016 included a tenacious focus on the Middle East as a critical region for our desalination business. With these awards, we continue to deliver on our promise to expand our presence in the region and maintain our position as the global leader in energy recovery technology.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  Learn more at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

3 Reasons Momentum Stock Investors Will Love Energy Recovery (ERII)

Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.

This method discovered several great candidates for momentum-oriented investors, but today let’s focus in on Energy Recovery, Inc. (ERII) as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for ERII’s status as a solid momentum stock below (MORE).

The No. 1 Performing Stock in California (ERII)

SUMMARY

No, it’s not Apple or Alphabet. It is a technology company, but it more appropriately belongs in the energy sector.

The company is Energy Recovery – the global leader in pressure exchange technology.

The number one performing stock in California over the past 12-months may surprise you. No, it isn’t Apple (NASDAQ:AAPL) or Google (NASDAQ:GOOG). It is a technology company, but it more aptly belongs in the energy sector. The company is Energy Recovery (NASDAQ:ERII) and it has soared 400% over the past 12-months on the heels of its transformative agreement with Schlumberger (NYSE:SLB).

READ MORE (password required)

Sherif Foda Joins Energy Recovery Board of Directors

SAN LEANDRO, Calif. — September, 6 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the expansion of its Board of Directors with the appointment of Mr. Sherif Foda.

Mr. Foda brings with him over two decades of senior-level management experience in the oil and gas industry as well as world-class expertise in the development and application of new technologies. Mr. Foda was previously an Executive Officer and Group President of Production at Schlumberger. He began his career with Schlumberger in 1993 in the offshore oil fields of the Red Sea and has since spent over 20 years leading oil and gas operations around the globe, including assignments as the President of Europe and Africa based in Paris, various corporate roles based in Houston, TX and in the Middle East.  Mr. Foda holds a BSc in Electronic Engineering from Ain Shams University, and a BAC in Science from College de la Salle, both in Cairo. He currently resides in Houston with his wife and three children.

Energy Recovery’s President and CEO Joel Gay stated, “The addition of Mr. Foda to the Board of Directors continues to build upon our team’s expertise in the oil and gas industry and further our strategic efforts to diversify into newer, higher-opportunity markets. In addition to deep sector expertise, Mr. Foda brings robust business development experience with a very global view, and deep understanding of the Gulf Cooperation Council region, a significant area of growth opportunity for the Company. On behalf of the Board of Directors, we are very pleased to welcome Mr. Foda to Energy Recovery.”

Mr. Foda stated, “I look forward to working with management and the rest of the board and am very excited about the potential application of Energy Recovery’s technologies throughout the oil and gas industry.”

About Energy Recovery, Inc.

Energy Recovery, Inc. (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments. With award-winning technology, Energy Recovery, Inc. simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery, Inc. products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area of California, Energy Recovery has offices in Houston, Ireland, Shanghai, and Dubai.  For more information about Energy Recovery, Inc., please visit www.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

Brian Uhlmer
buhlmer@energyrecovery.com
(713) 858-2284

###

Energy Recovery Confirms Purchase Order for Middle East Gas Processing Project For Up to $11 Million

SAN LEANDRO, Calif., July 18, 2016 — Energy Recovery, Inc. (NASDAQ: ERII), the leader in pressure energy technology for industrial fluid flows, announced today the finalization of a purchase order associated with the previously announced letter of award totaling up to $11 million to provide its IsoBoost™ technology for integration into a major gas processing plant to be constructed in the Middle East. The contract is for approximately $7 million worth of equipment and services, with an option for an additional $4 million to be determined at a later date. The optional supply may not be confirmed by the client until the latter portion of 2017. Partial recognition of revenue from this project is expected towards the end of 2016.

Energy Recovery will supply and install multiple IsoBoost systems for the new-build plant, each designed with a flow capacity of approximately 6,000 gallons per minute. A shipment could occur as early as the second quarter of 2017.

Energy Recovery estimates its IsoBoost technology will reduce the facility’s ongoing power consumption by 6.5 MW, saving over 57 GWh of energy per year, all while reducing CO2 emissions by 39,000 tons per year. When installed, the IsoBoost units will enable the processing of 2,500 MMSCFD of non-associated gas from two fields into clean-burning natural gas.

Energy Recovery’s President and CEO Joel Gay stated, “Today, our Company has executed a deal that marks significant progress in our gas processing segment, making good on our commitment to ensure 2016 is a year of execution and delivery. A project of this size validates the IsoBoost value proposition of arbitraging wasted pressure energy, increasing plant availability and reducing the carbon footprint of what is projected to be one of the world’s largest gas processing plants. The continued development of this business segment also demonstrates real progress in applying our technologies to new industries and applications, strengthening the omni-cyclical nature of our business and ultimately delivering value to all of our stakeholders.”

About Energy Recovery

Energy Recovery (NASDAQ: ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website atwww.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions, including without limitation expectations regarding the amount and timing of the revenues associated with the referenced purchase order and the shipment of the IsoBoost technology, reductions in power consumption and carbon dioxide emissions from the IsoBoost technology, and Energy Recovery’s ability to deliver products containing its technologies, including the IsoBoost and VorTeq technologies. 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. Examples of these risks and uncertainties include the risks and uncertainties identified under “Risk Factors” in our Form 10-K for the year ended December 31, 2015 and in our other securities filings. These forward-looking statements represent Energy Recovery’s judgment as of the date of this release. Energy Recovery disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Energy Recovery Awarded $2.4 million for Desalination Projects in North Africa

SAN LEANDRO, Calif.—June 15, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $2.4 million to supply its PXTM Pressure ExchangerTM technology for three desalination projects in North Africa. Two of the orders will ship in the second quarter of 2016 and the third is expected to ship in the fourth quarter of 2016.

Energy Recovery will supply its Pressure Exchanger devices and pumps to the plants, which will produce up to 95,000 cubic meters of water per day. Energy Recovery estimates the devices will reduce the power consumption for all three projects by 10.5 MW, saving over 90 GWh of energy per year, and help them avoid 54,000 of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “We are extremely proud of our company’s work in North Africa, where we continue to deploy installations of our Pressure Exchanger to help bolster critical water resources in the region. This continues our momentum to build our ever-increasing market share among major desalination projects around the world.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact:

Alex Dolan
adolan@energyrecovery.com
510-746-2574

Energy Recovery Awarded $5.4 million for Desalination Projects in Middle East

SAN LEANDRO, Calif.—June 03, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced total awards of $5.4 million to supply its PXTM Pressure ExchangerTM technology for desalination projects in the Middle East. The orders are expected to ship primarily in the first quarter of 2017.

Energy Recovery will supply its PX-Q300 & PX-260 Pressure Exchanger devices for the plants, which will produce up to 300,000 cubic meters of water per day. Energy Recovery estimates the PX devices will reduce the power consumption for the projects by 31.4 MW, saving over 275 GWh of energy per year, and help them avoid 165,000 tons of CO2 emissions per year.

Energy Recovery’s President and CEO Joel Gay stated, “As we forecasted our performance for 2016, we predicted the company would aggressively secure new contracts for mega projects in key regions such as the Middle East and North Africa. These deals confirm that we are delivering on our plans to increase our presence in these regions and bolster our market share among major projects. We will continue to pursue this year as one of focus, performance and execution.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including expectations regarding the amount and timing of the revenues associated with the referenced awards and the shipments of the devices, reductions in power consumption from the technology, expectations about future growth in the desalination industry, Energy Recovery’s market share, and Energy Recovery’s ability to deliver products containing its technologies, including in the relevant regions and for major products. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements, whether as a result of new information, future events, or otherwise.

Contact:

Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

###

Energy Recovery Awarded $2 Million for Desalination Projects in China

SAN LEANDRO, Calif.—May 26, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced several awards for a total $2 million to supply its technology for desalination projects in China. All are expected to ship in 2016.

Energy Recovery will supply its devices, including its PXTM Pressure ExchangerTM, for multiple seawater reverse osmosis plants, which will collectively produce up to 80,000 cubic meters of water per day. Energy Recovery estimates its devices will reduce power consumption for all projects by 9.2 MW, saving over 80 GWh of energy per year, and helping avoid 48,000 metric tons of CO2 emissions per year when operating at full capacity.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery continues to demonstrate its leadership in providing energy recovery solutions for the desalination market in China and around the globe. These projects, along with several other recent wins, confirm our outlook for new growth in this market.   We are fully prepared to take advantage of this and we’re committed to further building our leadership position in water desalination even as we continue expansion into other new markets and industries.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

Certain matters discussed in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including our expectations for commercialization of technologies through the development of new applications and in new industries and for our long term strategy generally. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates, or projections and are not guarantees of future events or results. Potential risks and uncertainties include our ability to achieve the milestones under the licensing agreement with a subsidiary of Schlumberger Limited and the risks discussed under “Risk Factors” in our Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2016 as well as other reports filed by us with the SEC from time to time. Because such forward-looking statements involve risks and uncertainties, our actual results may differ materially from the predictions in these forward-looking statements. All forward-looking statements are made as of today, and we assume no obligation to update such statements.

Contact:

Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

Energy Recovery Awarded $4.2 Million for Desalination Projects in Asia Pacific

SAN LEANDRO, Calif.—May 25, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced several new awards for a total of $4.2 million to supply its technology for multiple desalination projects in the Asia Pacific region. All are expected to ship in 2016.

Energy Recovery will supply its devices, including its PXTM Pressure ExchangerTM, for multiple seawater reverse osmosis plants, which will collectively produce up to 200,000 cubic meters of water per day. Energy Recovery estimates its technology will reduce power consumption for the combined projects by 23 MW, saving over 200 GWh of energy per year. Due to the substantially reduced power requirements, approximately 120,000 metric tons of CO2 emissions can be saved per year when operating at full capacity.

Energy Recovery’s President and CEO Joel Gay stated, “These new wins confirm our commitment to vigilantly pursue and secure projects that expand our reach in desalination. Our team continues to deliver as we reinforce our dominant position as the industry’s leading energy recovery solutions provider. While Energy Recovery has recently expanded into new markets in upstream oil and gas and downstream gas processing, the water desalination market continues to be a core segment of the business. With significant new investments being made globally in the desalination industry, it is a market where we expect to see further growth and continued Energy Recovery leadership.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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 our expectations as to estimated shipment dates are forward looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

FTI Consulting
Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

###

Energy Recovery Desalination Projects Recognized by Global Water Awards

SAN LEANDRO, Calif.—April 21, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today received recognition from the Global Water Awards for its involvement in three separate desalination projects and with two Companies of the Year.

The Claude “Bud” Lewis Carlsbad Desalination Plant, in Carlsbad, CA, where Energy Recovery has installed its PX-Q300 technology, won Desalination Plant of the Year. Two other Energy Recovery projects were also nominated for the Desalination Plant of the Year category: Fujairah F1 SWRO Expansion, UAE; and Ghalilah SWRO, Ras Al Khaimah, UAE. In addition, Energy Recovery has completed several mega projects (facilities > 50,000m3/day) with Veolia, named the Global Water Awards Water Company of the Year, and Acciona Agua, named Desalination Company of the Year. In 2015, Energy Recovery contracted over one million m3/day of mega project capacity.

The Global Water awards are presented by Evoqua Water Technologies each year at the Global Water Summit. This year’s awards gala took place on April 19, 2016 in Abu Dhabi, UAE. The Global Water Awards were established in 2006 by Global Water Intelligence.

Energy Recovery’s President and CEO Joel Gay stated, “Energy Recovery is honored to be recognized for its work in multiple desalination projects around the globe. This is made possible by our world-class team dedicated to continual technological innovation in the desalination process, making facilities increasingly more energy efficient, reducing emissions and ultimately reducing costs. Of course, this would also not be possible without our tremendous partners that invest in Energy Recovery’s talent and products. We are very proud to share these achievements with our partners in producing fresh water in an economic and environmentally responsible way.”

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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 our expectations as to estimated shipment dates are forward looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

FTI Consulting
Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

###

Energy Recovery Receives Letter of Award for New Middle East Gas Processing Project For Up to $11 Million

SAN LEANDRO, Calif.—April 20, 2016 —Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today received a Letter of Award (the “award”) to provide its IsoBoostTM technology for integration into a major gas processing plant to be constructed in the Middle East. The award value is approximately $7 million worth of equipment and services, with a potential to supply an additional $4 million worth of equipment and services. The total potential value could be worth approximately $11 million; however the optional supply may not be confirmed by our client until the latter portion of 2017.

In accordance with the award and upon issuance of a purchase order, Energy Recovery would supply and install multiple IsoBoost systems for a new-build plant, each designed with a flow capacity of approximately 6,000 gallons per minute. This award is consistent with the Company’s strategy to establish a beachhead in the Gulf Cooperation Council countries (“GCC”). A shipment could occur as early as the second quarter of 2017.

The IsoBoost system recovers otherwise wasted pressure energy during acid gas removal in gas and chemical processing plants, allowing these facilities to save energy and ensure reliable operations. Energy Recovery estimated its IsoBoost devices will reduce the plant power consumption by 6.5 MW, saving over 57 GWh of energy per year, all while reducing CO2 emissions by 39,000 tons per year. When installed, the IsoBoost units would enable the processing of 2,500 MMSCFD of non-associated gas from two fields into clean-burning natural gas.

Energy Recovery’s President and CEO Joel Gay stated, “This award represents another milestone in Energy Recovery’s corporate strategy, which emphasizes the proliferation of disruptive technologies in target-rich environments such as the GCC. While both the IsoBoost and IsoGen technologies for gas and chemical processing applications have been commercially viable for a number of years, this award is a direct result of the swift organizational changes made last year to our Emerging Markets Sales Team now led by Eric Siebert, Vice President of Corporate Strategy. The award crystallizes the IsoBoost value proposition of arbitraging wasted pressure energy, increasing plant availability and reducing the carbon footprint of what is projected to be one of the world’s largest gas processing plants. I stated during our year-end call that we would make meaningful progress in the gas processing segment in 2016. This award is a measure of our progress and confirms that 2016 is the year of delivery.”

In October 2015, Energy Recovery announced a 15-year licensing deal with Schlumberger for its VorTeq hydraulic pumping system, which took the company’s proven PX Pressure Exchanger® technology and applied it to upstream oil & gas. The IsoBoost system has taken the company’s proven turbocharger-based energy recovery system, of which there have been 3,000 installed across the globe to enable the desalination of seawater, and applied it to midstream gas processing. This award is consistent with a key component of Energy Recovery’s product strategy – creating markets where pressure energy is being wasted.

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.7 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions, including without limitation expectations regarding the amount and timing of the revenues associated with the referenced award and the shipment of the IsoBoost technology, reductions in power consumption and carbon dioxide emissions from the IsoBoost technology, and Energy Recovery’s ability to deliver products containing its technologies, including the IsoBoost and VorTeq technologies. 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. Examples of these risks and uncertainties include the risks and uncertainties identified under “Risk Factors” in our Form 10-K for the year ended December 31, 2015 and in our other securities filings. These forward-looking statements represent Energy Recovery’s judgment as of the date of this release. Energy Recovery disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:
FTI Consulting
Marc D. Cunningham
ir@energyrecovery.com
(713) 353-5407
###

Energy Recovery Announces Successful Completion of Field Trials for VorTeq Hydraulic Pumping System

SAN LEANDRO, California — January 7, 2016 — Energy Recovery, Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced the successful completion of field trials for its VorTeq® hydraulic pumping technology.

In partnership with Liberty Oilfield Services, full scale field testing concluded in December 2015 with the most ambitious test to date, a horizontal well in North Dakota’s Bakken Formation. The VorTeq system was employed in a proppant-laden slickwater well completion and successfully pumped at flow rates and pressures typical to the basin, performing in the most hostile weather conditions recorded during the testing period.

Energy Recovery’s President and CEO Joel Gay stated, “The completion of this field test is a critical step towards full commercialization of VorTeq. This success is the consequence of exhaustive testing and refinement of the VorTeq system and our PX® Pressure Exchanger® technology utilized as a pump.”

Ron Gusek, Vice President of Technology & Development at Liberty Oilfield Services stated, “The VorTeq system proved its mettle in a very challenging environment. We are excited about this technology and the real cost savings this application can provide us in the field.”

VorTeq utilizes Energy Recovery’s revolutionary PX Pressure Exchanger technology to pressurize fluids without exposing pumps to the highly abrasive proppants that cause frequent equipment failure and significant lost time for crews in the field. This innovation is expected to significantly extend the service life of high-pressure pumping equipment employed in well completions and to improve overall operational efficiency by reducing the amount of downtime due to pump failures and maintenance.

In October, Energy Recovery announced a 15-year licensing deal with Schlumberger, which will give Schlumberger exclusive rights to use VorTeq technology for its global onshore hydraulic fracturing operations. The deal provided a $75 million exclusivity fee to Energy Recovery and includes two separate $25 million payments subject to Energy Recovery meeting certain key performance milestones expected to be evaluated in 2016.

About Energy Recovery

Energy Recovery (NASDAQ:ERII) recycles and converts wasted pressure energy into a usable asset and preserves pumps that are subject to hostile processing environments.  With award winning technology, Energy Recovery simplifies complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries.  Energy Recovery products save clients more than $1.5 billion (USD) annually.  Headquartered in the Bay Area, Energy Recovery has offices in Ireland, Shanghai, and Dubai.  For more information about the Company, please visit our website at www.energyrecovery.com.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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 meeting future milestones and the eventual commercialization of the VorTeq system are forward looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

Marc Cunningham
ir@energyrecovery.com
(713) 353-5407

Energy Recovery Awarded $1.8 Million for Desalination Deal in Morocco

SAN LEANDRO, Calif.—August 17, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced a $1.8 million deal to supply its PX Pressure Exchanger® technology for a desalination plant in Morocco. The Company expects the order to ship in the fourth quarter of 2015.

The Pressure Exchangers will be installed by Morocco’s National Power Drinking Water Office (ONEE), which will process 100,000 cubic meters of water per day. They will be using PX-Q300 units, the highest-performing energy recovery devices available on the market.

The plant is being developed under ONEE as the first public-private partnership system, and will produce water for 500,000 people. The plant’s capacity could potentially be doubled in the future. Energy Recovery estimates that the plant will save 10.5 MW in power equivalent to 92 GWh per year in energy savings. The plant will also reduce its CO2 footprint by 54,200 tons per year.

Energy Recovery’s President and CEO Joel Gay stated, “We are proud to proliferate the use of our technology in the Middle East and North Africa region, which has some of the greatest need for desalination solutions. The plant represents not only a significant deployment of our Pressure Exchanger, but also the potential to, over time, expand to an additional 100,000 cubic meter facility. In this single site, we are grateful for the current opportunity and optimistic about its future potential.”

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 the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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 our expectations as to shipment timing are forward-looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact:
Alex Dolan
adolan@energyrecovery.com
+1.510.746.2574

Investor Contact:
The Equity Group Inc.
Adam Prior
aprior@equityny.com
+1.212.836.9606

Energy Recovery Awarded $10.3 Million to Supply Pressure Exchanger Devices in Asia and the Middle East

SAN LEANDRO, Calif.—June 22, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that the Company has recently received $10.3 million in mega project awards to install its PX Pressure Exchanger® technology in desalination plants in Asia and the Middle East.

The Company expects to ship and recognize revenue in the second half of 2015 and first half of 2016.

Mr. Joel Gay, Energy Recovery’s President and Chief Executive Officer, stated, “These recent mega project awards are indicative of continuing progress in our desalination business, as new projects are up year-over-year from 2014. We began the year cautiously optimistic concerning desalination, and have seen many of our past customers deploying capital as part of the improving desalination market. We are building momentum, and feel that these recent wins further validate our leadership position in the desalination market. We are confident that the momentum will propel Energy Recovery forward as we continue implementing technological innovations throughout the global water market.”

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 the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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 our expectations as to shipment timing are forward-looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact:

Alex Dolan
adolan@energyrecovery.com
+1.510.746.2574

Investor Contact:

The Equity Group Inc.
Adam Prior
aprior@equityny.com
+1.212.836.9606

Energy Recovery Announces Appointment of Eric O. Siebert as Vice President of Corporate Strategy

SAN LEANDRO, Calif.–Energy Recovery Inc. (ERII), the leader in pressure energy technology for industrial fluid flows, today announced that it has appointed Mr. Eric O. Siebert as Vice President of Corporate Strategy, effective June 8, 2015.

Mr. Siebert most recently served as General Manager of Coating Services for Aegion (AEGN), a leading pipeline corrosion protection company that operates within global oil & gas markets. After Mr. Siebert helped establish Aegion’s Eastern Hemisphere headquarters in Dubai, he focused on developing and managing operations in key international markets, including Europe, Middle East, Asia, Africa & the Caspian Region. Mr. Siebert had full P&L responsibility for the coating services business, including strategic and financial planning, capital investment, market development and execution. Prior to his operational role, Mr. Siebert was an integral part of the Strategy & Development team that led Aegion’s diversification into pipeline corrosion protection within the oil & gas sector.

Mr. Joel Gay, President and Chief Executive Officer of Energy Recovery, stated, “I had the opportunity to work with Eric during my time at Aegion and am pleased to have the chance to do so again as we welcome him to Energy Recovery. I believe his experience developing and managing operations within various geographic oil & gas markets, as well as his substantial background in finance and corporate development, will benefit our ongoing market expansion efforts. Since the beginning of the year, I devised and implemented a number of changes to our strategy and framework, which I believe have set the Company on a solid foundation to be able to successfully execute on its strategic initiatives. This includes adding key members of leadership who can meaningfully contribute to our progress on these goals. With our recently appointed Chief Financial Officer Chris Gannon and Eric both joining the Energy Recovery team, I am increasingly confident that this leadership team can move the Company forward on its objectives.”

Mr. Siebert stated, “I am excited to be joining Energy Recovery at a time when its proven strength in innovation has opened a number of opportunities for the Company. I look forward to supporting Joel, Chris and the other members of the senior management team, as we set out to realize the vision that has been established for the next phase of the Company’s evolution.”

Prior to joining Aegion, Mr. Siebert held management positions in the Financial Services industry with companies like Ernst & Young and Merrill Lynch. He began his career in investment banking and middle market financing in London with a focus on capital market transactions.

Mr. Siebert holds a bachelor’s degree in Business Administration from Illinois Wesleyan University and an MBA from the University of Chicago’s Booth School of Business.

About Energy Recovery

Energy Recovery (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 San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.

Investors:
The Equity Group Inc.
Adam Prior, +1 212-836-9606
aprior@equityny.com

Energy Recovery Announces Appointment of Experienced Financial Executive Chris Gannon as Chief Financial Officer

SAN LEANDRO, Calif.—May 15, 2015—Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, today announced that it has appointed Mr. Chris M. Gannon as Chief Financial Officer, effective June 8, 2015.

Mr. Gannon most recently served as managing director at Conway MacKenzie, a firm focused on providing strategic financial consulting, corporate restructuring, turnaround consulting and performance improvement services to performing and under-performing domestic and international companies. He served in interim management capacities for the firm’s clientele, such as CRO, CFO, Treasurer, and other strategic finance functions. Mr. Gannon’s responsibilities included strategic planning, financial planning and analysis, financial reporting, KPIs, cash management, performance improvement, deal structuring, and negotiation.

Mr. Gannon’s most recent assignment at Conway MacKenzie was as a lead restructuring advisor to the City of Detroit throughout its landmark $18 billion Chapter 9 bankruptcy. He played an instrumental role in crafting the City’s $1.7 billion Restructuring and Reinvestment Plan, the cornerstone of the City’s Plan of Adjustment. Post-bankruptcy, he has been a key architect of the restructuring of the City’s finance operations.

Mr. Joel Gay, President and Chief Executive Officer of Energy Recovery, stated, “We believe Chris’ substantial experience in leading a wide variety of organizations through rapid change and deep experience in finance and multiple corporate disciplines, including strategy, operations, and corporate development, make him the ideal addition to the Energy Recovery leadership team. In addition to a strong sense of fiscal discipline, Chris has a lengthy track record of positioning companies throughout multiple industries for sustainable growth. We are fortunate to have a proven executive of Chris’ caliber join the Energy Recovery team, and I am confident he will be a valuable contributor to the Company’s continued efforts in strategic market expansion and product commercialization.”

Mr. Gannon stated, “I am excited to be joining Energy Recovery, a company known for its innovation and recognized technologies, at this time in the Company’s history. Joel has made a number of significant changes to the strategy and operating structure since the beginning of 2015, and I am eager to begin working with him and the other members of senior management on propelling Energy Recovery’s growth forward in the months and years to come.”

Prior to joining Conway MacKenzie, Mr. Gannon was a principal at Talon Group, a private equity firm focused on control investments in performing and distressed businesses. Previously, he functioned as a finance operating partner to private equity funds through Caledonia Group. He began his career in investment banking with a focus on mergers and acquisitions and capital market transactions.

Mr. Gannon holds a bachelor’s degree in Industrial and Operating Engineering from the University of Michigan and an MBA from the University of Chicago’s Booth School of Business.

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 the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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 expectations about technology introduction and adoption, as well as shareholder value are forward-looking and involve risks and uncertainties. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact:

Alex Dolan
adolan@energyrecovery.com
+1.510.746.2574

Investor Contact:

The Equity Group Inc.
Adam Prior
aprior@equityny.com
+1.212.836.9606

Energy Recovery Announces $3 Million Shipment for Mirfa Power Plant in Abu Dhabi, UAE

SAN LEANDRO, Calif.—May 13, 2015— Energy Recovery Inc. (NASDAQ:ERII), the leader in pressure energy technology for industrial fluid flows, has shipped the components for a $3 million project for the Mirfa Power Plant in Abu Dhabi, UAE, a project with partner Degremont, a company focused on the production of drinking water in industrialized countries. Energy Recovery expects to recognize the shipment as revenue in the Company’s current second quarter.

For this project, Degremont will use Energy Recovery’s PX-Q300 Pressure Exchanger devices. 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.

Joel Gay, President and Chief Executive Officer for Energy Recovery, stated, “Degremont is a long-standing customer and strategic partner to Energy Recovery. That Degremont continues to choose our Company as its preferred supplier of energy recovery solutions further solidifies this relationship. The shipment for this project experienced several delays, dating back to the fourth quarter of 2014. The recent shipment, in addition to a strengthening pipeline for the current year and future periods are indicators of a recovering market and underscore our cautious optimism for desalination in 2015.”

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 the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic 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. Energy Recovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Media Contact

Alex Dolan
adolan@energyrecovery.com
+1.510.746.2574

Investor Contact:

The Equity Group Inc.
Adam Prior
aprior@equityny.com
+1.212.836.9606