Key Developments For Energy Recovery, Inc.
Energy Recovery, Inc. (ERII.O) (Consolidated Issue listed on NASDAQ Global Market)
Energy Recovery, Inc. Issues Q4 2009 Guidance Below Analysts' Estimates; Revises FY 2009 Guidance To A Range Below Analysts' Estimates; Comments On FY 2010 Revenue Guidance
Energy Recovery, Inc. announced that for fourth quarter 2009 it expects revenue in the range of $14.5 to $16.5 million, net income in the range of $1.4 to $2.1 million and EPS in the range of $0.03 to $0.04. For fiscal 2009 it expects revenue in the range of $46 to $48 million, net income in the range of $3.5 to $4.0 million and EPS in the range of $0.07 to $0.08. The Company estimates that for fiscal 2010, its net revenue will improve by 25% over 2009. According to Reuters Estimates, analysts are expecting the Company to report revenue of $20.9 million, net income of $4.3 million and EPS of $0.08 for fourth quarter 2009; revenue of $52 million, net income of $5.5 million and EPS of $0.11 for fiscal 2009; revenue of $62.47 million for fiscal 2010.
Energy Recovery, Inc.'s PX Devices To Be Implemented At Large Desalination Plant In Tenes, Algeria
Energy Recovery, Inc. announced that its PX Pressure Exchanger (PX) devices will be implemented in the seawater reverse osmosis (SWRO) desalination plant in Tenes, Algeria. To be constructed by Befesa, the plant will produce 200,000 m3 (52.8 million gallons) of water per day.
Energy Recovery, Inc. PX Devices To Be Implemented At Southern Seawater Desalination Plant In Australia
Energy Recovery, Inc. announced that its PX Pressure Exchanger (PX) devices will be implemented at the Southern Seawater Desalination Plant (SSDP) in Western Australia. To be constructed by the Southern Seawater Alliance (SSWA), a joint venture between Técnicas Reunidas Australia Pty Ltd, Valoriza Water Australia Pty Ltd, AJ Lucas Operations Pty Ltd, and Worley Parsons Services Pty Ltd - the plant will be built in Binningup and will provide 140,000 m3 (37 million gallons) of fresh water per day to residents of the greater Perth region.
Energy Recovery, Inc. Helps IDE Technologies Expand Desalination Plant In Hadera, Israel
Energy Recovery, Inc. announced that its PX Pressure Exchanger (PX) devices have been selected by IDE Technologies as it expands its seawater reverse osmosis (SWRO) desalination plant in Hadera, Israel. IDE selected the Company's PX technology as part of the initial plant design, and will rely on the devices to reduce energy consumption as the plant expands from a daily production capacity of 388,000 m3 (102.5 million gallons) to 462,000 m3 (122 million gallons) in total.
Energy Recovery, Inc. Helps Israel`s Palmachim Desalination Plant Expand Capacity
Energy Recovery, Inc. announced that its PX Pressure Exchanger (PX) devices have been selected for use in the expansion of Palmachim`s 115,000 m3/d desalination plant. The plant was built according to a 25-year BOO (Build, Operate, Own) tender by the Via Maris Desalination Consortium (a partnership between Granite Hacarmel Investments, Tahal Group, Ocif and Metco) and is now expanding its capacity to 144,000 m3 (38.05 million United States gallons) per day.
