ERI’s PX Technology Contracted for the Largest Membrane ...

Tag : desalination plants

SAN LEANDRO, Calif.--( BUSINESS WIRE )--Energy Recovery, Inc. ( “ ERI ” ) (NASDAQ:ERII), a global leader of ultra-high-efficiency energyrecovery products and technology for desalination, announced thatits PX Pressure Exchanger energy recovery device solution will beinstalled in one of China ’ s largest seawater desalination plants to date. Hyflux Ltd.(HYFL.SI) and ERI entered into a first time agreement for theTianjin project which will provide 100,000 cubic meters per day (m 3 /day) of potable water to the region.
The Tianjin Dagang Newspring Desalination Plant will be locatedalong China ’ s north eastern border in a coastal city near the capital city ofBeijing. The plant, considered to be the largest in the country,will produce 100,000 m 3 /day (26.4 million gallons per day) of fresh water for domestic andindustrial use. The build-own-operate project will supplyapproximately 10% of the city ’ s daily water consumption. Project completion is scheduled for late2008. The project is designed with 144 PX-220 Pressure Exchangerenergy recovery devices to reduce energy and lifecycle costs. Thesedevices will save the project an estimated 8.6 mega-Watts ofenergy.
ERI has focused on the Chinese desalination market since 2002 withthe goal of providing affordable water solutions to a country thathas a growing population and an increased demand for water. Theirfirst large desalination installation at the Dalian Petrochemicalcomplex started up in 2003. ERI has a regional sales and technicalcenter located in Shanghai, China.
“ In China, and particularly in some of the big coastal cities, theshortage of traditional water resources has made desalination anecessary choice. This is the first large membrane desalinationproject of many that are already planned and approved in thegovernment ’ s five-year-plan, ” stated Borja Blanco, ERI Vice President and GM of the MegaProjects Division.
Note on Forward Looking Statements
This press release includes “ forward-looking statements" within the meaning of Section 27A ofthe Securities Act of 1933, as amended, and Section 21E of theSecurities Exchange Act of 1934, as amended. Such forward-looking statements include statements regarding thetiming of plant construction, availability of financing for newdesalination plant construction, and the timing of obtainingvarious government approvals. Because such forward-looking statements involve risks anduncertainties, the Company's actual results may differ materiallyfrom those projected in such forward-looking statements. Factors that could cause actual results to differ materiallyinclude, but are not limited to, cyclical nature of seawaterreverse osmosis plants, delays or postponements in the constructionof desalination plants, the ability of our customers to obtainother key components of a plant, delays in governmental approvals,changes in customers ’ budgets for desalination plans and the timing of their purchasingdecision, and other risks detailed in the Company's filings withthe Securities and Exchange Commission (SEC). All forward-looking statements are made as of today, and theCompany assumes no obligation to update such statements. For more details relating to the risks and uncertainties that couldactual results to differ materially from those anticipated in ourforward-looking statements, please refer to the Company's SECfilings, including its Form 424(b)4 Prospectus filed on July 2,2008, and in particular, the risk factor sections of such filings.
About ERI ®
Energy Recovery, Inc. (ERI) is a leading manufacturer of energyrecovery devices which help make desalination affordable bysignificantly reducing energy consumption. ERI ’ s PX Pressure Exchanger ® (PX ® ) device is a rotary positive displacement pump that recoversenergy from the high pressure reject stream of SWRO systems at upto 98% efficiency with no downtime or scheduled maintenance.
The company has research, development and manufacturing facilitiesin the San Francisco technology corridor as well as direct salesoffices and technical support centers in key desalination hubs suchas Madrid, UAE, Shanghai and Florida. ERI service representativesare based in Algeria, Australia, China, India, Korea, Mexico,Taiwan and the Caribbean.
As the demand for clean, potable water increases, ERI is poised toface the global challenges ahead. For more information on ERI andPX technology, please visit our web site at www.energyrecovery.com .