Energy Recovery Inc (NASDAQ:ERII)

Energy Recovery, Inc. designs, develops, manufactures, and sells energy recovery devices (ERD) that harness the reusable energy from industrial fluid flows and pressure cycles. Its ERDs comprise energy recovery devices and turbochargers for water desalination; turbochargers designed for low-pressure brackish and high-pressure seawater reverse osmosis systems; and pumps ranging from high-pressure multi- and single-stage centrifugal pumps to circulation and high-speed pumps. The company also offers complete energy recovery systems comprising turbines and industrial pumps for oil and gas operators; and energy generating systems that enable oil and gas operators to capture hydraulic energy and generate electricity from high-pressure fluid flows. It sells its products under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AquaBold, AquaSpire, IsoBoost, and IsoGen trademarks. The company serves engineering, procurement, and construction firms that design and build large desalination plants; and various original equipment manufacturers, which supply equipment and packaged solutions for small to medium-sized desalination plants, as well as oil and gas exploration and processing companies. It markets and sells its products through its sales organization and through authorized, independent sales agents. Energy Recovery was founded in April 1992 and is headquartered in San Leandro, CA.