SAN LEANDRO, Calif., March 23, 2015 (GLOBE NEWSWIRE) -- Energy Recovery Inc. (Nasdaq:ERII), the leader in pressure energy technology for industrial fluid flows, was named as a finalist in the category of "Technological Innovation of the Year—Products" at the 2015 Pump Industry Awards, held on March 19 in the UK.
The company was recognized for its IsoBoostTM system, a liquid phase turbocharger-based system designed to safeguard operations in gas processing and ammonia production by being more economical, safer and lasting three times longer than a traditional pump.
Since 2000, the Pump Industry Awards has recognized the best performing companies and people for their achievements in the field. The organization claims to have received a record number of entries for this year's awards. Other nominees at this year's awards include global pumping companies such as Flowserve, Grundfos, Neptuno Pumps, The Wilo Group, and SPP Pumps.
Joey Gay, Chief Financial Officer of Energy Recovery, stated, "We are honored to be recognized by the Pump Industry Awards, one of the premier awards in the field of pump engineering. As a relative newcomer to the oil and gas industry, this award helps affirm that we are developing genuinely innovative technology that can benefit both gas processors and ammonia producers."
About Energy Recovery
Energy Recovery (Nasdaq:ERII) develops award-winning solutions to improve productivity, profitability, and energy efficiency within the oil & gas, chemical, and water industries. Our products simplify complex systems and protect vulnerable equipment. By recycling fluid pressure that would otherwise be lost in critical processes, we save clients more than $1.4 billion (USD) annually. Headquartered in the San Francisco Bay Area, Energy Recovery has offices in Shanghai and Dubai.