SAN LEANDRO, CA / ACCESSWIRE / October 14, 2021 / Energy Recovery, Inc. (NASDAQ: ERII) today announced an award to supply its Ultra PX™ energy recovery devices to support industrial wastewater treatment operations at a lithium-ion battery manufacturing facility in China.
As the world continues to rely more on intermittent renewable electric generation and to electrify more industries such as transportation, the demand for energy storage technologies is growing in tandem. With Energy Recovery's Ultra PX, manufacturing facilities - including lithium-ion battery manufacturers - can meet this rising demand while ensuring their operations are more cost-effective and sustainable.
In countries like China, which is adopting some of the world's most stringent liquid discharge requirements, the Ultra PX enables our customers to optimize their wastewater treatment process for minimal liquid discharge (MLD) and zero liquid discharge (ZLD) standards, with lower costs, lower emissions and greater reliability than incumbent technologies.
"The strength of our technology comes from its ability to drive efficiencies in critical industries around the world. The growing momentum of our Ultra PX product speaks to both the need for greater sustainability and our PX technology's ability to deliver a reliable solution," said Rodney Clemente, Energy Recovery's Senior Vice President of Water. "We see the movement to MLD and ZLD wastewater treatment requirements continuing to grow, as the need to reduce pollution is a top global priority. We are proud to support this movement by offering a suite of products that make industrial fluid-flow processes less costly and more reliable for a broad group of critical industries."
This most recent award follows the signing of several other contracts for the Ultra PX. Energy Recovery previously announced contracts to supply its Ultra PX to a natural gas plant in China and a chemical manufacturer in India, as well as to three other Chinese manufacturers.
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 Ultra PX technology delivers a reliable solution, that MLD and ZLD wastewater industries will continue to grow; and that our products make industrial fluid flow processes less costly and more reliable. 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.
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SOURCE: Energy Recovery
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