Benzinga | Oct 14, 2021 03:52PM EDT

Energy Recovery Secures Award To Supply Ultra PX Devices To Battery Manufacturing Facility In China

* Energy Recovery, Inc. (NASDAQ:ERII) received an award to supply its Ultra PX energy recovery devices to support industrial wastewater treatment operations at a lithium-ion battery manufacturing facility in China. Financial terms were not disclosed.

* Energy Recovery's Ultra PX helps manufacturing facilities to meet the demand for energy storage technologies while ensuring their operations are more cost-effective and sustainable.

* Energy Recovery previously announced contracts to supply its Ultra PX to a natural gas plant in China, a chemical manufacturer in India, and three other Chinese manufacturers.

* Price Action: ERII shares are trading higher by 1.99% at $19.48 on the last check Thursday.