SAN LEANDRO, CA, December 24, 2008
/24-7PressRelease/ -- Energy Recovery, Inc. ("ERI") (NASDAQ:ERII), a global leader of ultra-high-efficiency energy recovery products and technology for desalination, announces its PX Pressure Exchanger(R) (PX(R)) energy recovery technology was awarded the pump industry's top honors for innovation of the year.
The 2008 Pump Industry Awards were designed to honor those companies and individuals who achieve the highest standards and best practices in areas of manufacture and supply, including innovation, energy savings, sales growth and customer care. ERI was given the award based on its successful product development efforts for its PX Pressure Exchanger energy recovery device: a rotary positive displacement pump that recovers energy from the high pressure reject stream of seawater reverse osmosis systems at up to 98% efficiency. These innovative devices, built around highly-engineered ceramic working components, have only one moving part and require no electricity to operate. The Company has sold over 6,000 units in over 30 countries, saving an estimated 660 MW of energy. For more information about the award, please visit: http://www.pumpindustryawards.com.
Dr. Richard Stover, ERI's Chief Technology Officer, stated, "Innovation has been the cornerstone of our organization. We have spent many years perfecting our technology and are honored to be recognized for our efforts."
About ERI(R)
Energy Recovery, Inc. (ERI) is a leading manufacturer of energy recovery devices, which by significantly reducing energy consumption is helping make desalination affordable. ERI's PX Pressure Exchanger(R) technology (PX(R)) is a rotary positive displacement pump that recovers energy from the high pressure waste stream of sea water reverse osmosis systems at up to 98% efficiency with no downtime or scheduled maintenance.
The company has research, development and manufacturing facilities in the San Francisco technology corridor as well as direct sales offices and technical support centers in key desalination hubs such as Madrid, UAE, Shanghai and Florida. ERI service representatives are based in Algeria, Australia, China, India, Korea, Mexico, Taiwan and the Caribbean.
As the demand for clean, potable water increases; ERI is poised to face the global challenges ahead. For more information on ERI and PX technology, please visit http://www.energyrecovery.com.
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