Benzinga | Jul 22, 2021 02:26PM EDT

Energy Recovery Bags Project Awards Worth $6M In Asia

* Energy Recovery, Inc. (NASDAQ:ERII) has received contract awards totaling over $6 million for its PX Pressure Exchanger (PX) energy recovery devices, and related equipment and services to multiple seawaters reverse osmosis desalination facilities in Asia.

* Energy Recovery estimates that the PXs supplied to these facilities will prevent more than 126,000 metric tons of carbon dioxide emissions per year.

* Post the completion of the contracts, Energy Recovery to support the production of over 118 million cubic meters of freshwater per year.

* These orders are scheduled to be fulfilled by the end of Q3 2021.

* Price action: ERII shares trading lower by 0.91% at $20.61 on the last check Thursday.