Thu. 14 Oct 2021, 3:52pm ETBenzinga
In: News, Contracts, Small Cap
  • 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.