Energy Recovery Selected as a Finalist for International Innovation Award in Two Categories
(Thomson Reuters ONE) -
The Institution of Engineering and Technology (IET) selects Energy Recovery as a
finalist for the Power/Energy and Sustainability categories for PX Pressure
Exchanger innovation
SAN LEANDRO, Calif.-October 9, 2013 - Energy Recovery Inc. (NASDAQ: ERII), the
leader in harnessing reusable energy from industrial fluid flows and pressure
cycles, announced today that the Company has been chosen as a finalist in two
categories for the Institution of Engineering and Technology's (IET) Innovation
Award for demonstrating its innovative work across engineering and technology
for its game-changing PX energy recovery solution in the desalination and oil &
gas industries. The PX Pressure Exchanger®, lauded for its precision-
engineering, has contributed significantly to global energy costs-savings and
carbon reductions worldwide.
The IET Innovation Awards celebrate the very best innovations in science,
engineering and technology. Energy Recovery's commitment to developing
innovative technologies is rooted in its 20 year history. The company has filed
for more patents in the past two years than its history as a company. By
adapting its principal technology to new sectors such as oil & gas, clean energy
and chemical processing, Energy Recovery upholds that invention is at the
Company's core.
"Over the last two years we've made a concerted effort to return to our roots as
engineering innovators and exploring ways our technology can take on global
energy challenges in various large industries," says Tom Rooney, CEO of Energy
Recovery. "The fact that we are a finalist for both Energy/Power and
Sustainability makes perfect sense - and we are pleased to be listed alongside
this impressive list of fellow innovators."
Industrial processes such as desalination, natural gas treatment, power
generation, and chemical processing are energy intensive and expensive. Energy
Recovery's PX devices make these high pressure fluid flow processes more
sustainable by salvaging and reusing 60% of the energy previously lost, saving
energy, money and reducing CO2 emissions. Installed and used on seven
continents, Energy Recovery technology boasts a 90% market share in the
desalination industry. The economics and environmental benefit continually
underscore this innovation.
The winners of the 2013 IET Innovation Awards will be announced at a black tie
gala Awards Ceremony at The Brewery, in London, November 20, 2013.
The full list of finalists for all categories can be seen on the IET Innovation
Awards website. For more information on the PX Pressure Exchanger, watch this
video animation.
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 15,000
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 $1.4 Billion (USD) in energy costs. Headquartered in the San Francisco Bay
Area, Energy Recovery has offices in Madrid, Shanghai, and Dubai.
www.energyrecovery.com
###
Media Contact:
Kristan Kirsh
Energy Recovery
kkirsh(at)energyrecovery.com
+1.510.746.5012
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Source: ENERGY RECOVERY, INC. via Thomson Reuters ONE
[HUG#1734468]
Unternehmensinformation / Kurzprofil:
Datum: 09.10.2013 - 10:00 Uhr
Sprache: Deutsch
News-ID 304137
Anzahl Zeichen: 4587
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Town:
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Kategorie:
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