ENERGY RECOVERY, INC. (NASDAQ:ERII) Files An 8-K Other EventsItem 8.01Other Events
On June 26, 2018, the Superior Court of the State of California, County of Alameda (the “Court”) entered an order providing for preliminary approval of a settlement (the “Settlement”) in connection with the consolidated shareholder derivative action captioned In re Energy Recovery, Inc. Derivative Litigation, Master File No. HG16804359. As required by the Court’s order, a copy of the “Notice of Derivative Settlement” (“Notice”) is attached hereto as Exhibit 99.1 and incorporated herein by reference. Further information, including the Stipulation and Agreement of Settlement and the Notice, is available on Energy Recovery, Inc.’s website in the investor relations section at http://ir.energyrecovery.com.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
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Exhibit Number |
Description |
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99.1 |
Notice of Derivative Settlement
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Energy Recovery, Inc. ExhibitEX-99.1 2 derivativesuitenergyreco.htm EXHIBIT 99.1 derivativesuitenergyreco SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF ALAMEDA IN RE ENERGY RECOVERY,…To view the full exhibit click here
About ENERGY RECOVERY, INC. (NASDAQ:ERII)
Energy Recovery, Inc. is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. It operates through two segments: Water, and Oil & Gas. Its Water Segment focuses on products sold for use in reverse osmosis water desalination. Its Oil & Gas Segment consists of products sold for use in gas processing, chemical processing, and hydraulic fracturing. It offers energy recovery devices (ERDs) in the water desalination market with its pressure exchanger technology and turbochargers. It offers VorTeq hydraulic fracturing system (VorTeq), IsoBoost, and IsoGen product lines to the oil and gas market. Its solutions are marketed and sold in fluid flow markets, such as water, oil and gas, and chemical processing, under the trademarks ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, IsoBoost, and IsoGen.