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Stock Market & Financial Investment News

News Breaks
November 20, 2012
14:22 EDTERIIEnergy Recovery: CEO statements not meant to imply talks with potential buyers
Energy Recovery issued the following statement: "On November 19, 2012, Chief Executive Officer Tom Rooney provided an interview to a representative of Bloomberg News. A wire story published subsequent to the interview incorrectly reported that Energy Recovery, Inc. is the subject of takeover interest. While the Company, as a matter of policy, does not comment on rumors, it feels compelled to correct the facts as reflected in the Bloomberg story. During the course of a telephone interview about the desalination industry in Chile and the global demand for water, Mr. Rooney acknowledged the increasing attractiveness of the business in response to a specific question regarding the Company as a potential acquisition candidate. Mr. Rooney did not imply, or intend to imply, that the Company was in discussions with potential buyers. In fact, Mr. Rooney stated that the Company has no interest in entertaining the notion of a potential acquisition at this time. Importantly, the Company remains intensely focused on the tenacious execution of its long-term strategy, the successful implementation of which should provide the greater benefit to its shareholders."
News For ERII From The Last 14 Days
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March 18, 2015
08:31 EDTERIIEnergy Recovery announces $650,000 desalination OEM order from Degremont
Energy Recovery announced a $650,000 desalination OEM order from Degremont Iberia. This current retrofit installation is taking place at the IDAM Las Americas plant in Tenerife, part of Spain’s Canary Islands. Degremont will be installing Energy Recovery’s PXQ-300 devices along its seawater reverse osmosis trains in addition to its booster pumps. The order shipped to the plant earlier this quarter, and the retrofit is scheduled to be completed by the end of 2015.
March 13, 2015
08:32 EDTERIIEnergy Recovery announces $1M in orders in India, Ghana
Energy Recovery announced new desalination orders for projects utilizing its PX Pressure Exchanger Technology in India and Ghana. Collectively, these original manufacturer projects represent approximately $1M in revenue and are expected to be delivered in 1H. One of the mid-sized projects will be installed in a desalination plant in Bhavanapadu, on the eastern coast of India. Veolia Environment purchased Energy Recovery’s technology for the other project, which will be installed at its desalination plant located near the southern tip of Ghana.

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