Energy Recovery Awarded Injunction Protecting its Intellectual Property
(Thomson Reuters ONE) -
Isobarix's Leif Hauge Prohibited by Judicial Order from Selling Pressure
Exchangers
SAN LEANDRO, Calif., July 9, 2013 -- Energy Recovery Inc (NASDAQ: ERII), the
global leader in harnessing reusable energy from industrial fluid flows and
pressure cycles, today announced that the federal district court for the Eastern
District of Virginia issued an injunction against Leif J. Hauge preventing Mr.
Hauge, "whether through Isobarix or any other person or entity, from
manufacturing and selling pressure exchangers and replacement parts for Energy
Recovery's pressure exchangers." In issuing the injunction, the Court found that
Mr. Hauge had knowingly violated the Court's prior Order approving a 2001
settlement between Mr. Hauge and Energy Recovery, and thus was found to be in
contempt of the Court's Order.
Tom Rooney, President and Chief Executive Officer of Energy Recovery, commented,
"We welcome the Court's decision supporting our belief that Mr. Hauge has no
right to manufacture or sell pressure exchangers. Energy Recovery has and will
continue to protect its intellectual property rights on a global basis."
A copy of the Court's Order may be found here.
About Energy Recovery
Energy Recovery Inc. (NASDAQ: ERII) technology harvests power from high-pressure
fluid flows and pressure cycles. Through collaboration with industry, Energy
Recovery helps make industrial processes within water, oil & gas, and other
industries more profitable and environmentally sustainable. With over 14,000
energy recovery devices installed worldwide, Energy Recovery sets the standard
for engineering excellence, cost savings, and technical services to clients
across the globe. Year after year, the company's clean technologies save
clients over $1.2 Billion (USD) in energy costs. Headquartered in the San
Francisco Bay Area, Energy Recovery has offices in Madrid, Shanghai, and
Dubai. www.energyrecovery.com
Contact:
Audrey Bold
Chief Marketing Officer
abold(at)energyrecovery.com
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Source: ENERGY RECOVERY, INC. via Thomson Reuters ONE
[HUG#1715046]
Unternehmensinformation / Kurzprofil:
Datum: 09.07.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 276726
Anzahl Zeichen: 2801
contact information:
Town:
San Leandro
Kategorie:
Business News
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"Energy Recovery Awarded Injunction Protecting its Intellectual Property"
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