Energy Recovery, Inc. (NASDAQ:ERII) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
On June 19th, 2017, Energy Recovery, Inc. (the “Company”) hosted investors and analysts on a tour of its San Leandro facility. As part of the tour, investors witnessed a test of the VorTeqTM pressure exchanger device (the “PX”) operating in the Company’s in-house test loop. The test loop simulates and exposes a single PX to similar operating conditions that a single PX installed on the VorTeq would experience at a typical hydraulic fracturing site. In response to the test results from the 2016 milestone testing process, the foundation on which the PX is mounted now includes a vibration table that exposes the PX to frequencies resulting from system excitation at similar amplitudes to those encountered during previous milestone testing. Investors witnessed the Company pump a frac fluid containing 1.5 to 2.0 parts per gallon added of 30/50 frac sand, at a rate of over 7 barrels per minute, at pressures greater than 9000 psi while subjecting the PX to system excitation conditions similar to those discussed above. Consistent with prior disclosure, the Company is encouraged by recent test results that endeavor to simulate milestone testing, yet is cognizant of the challenges associated with scaling to full production, field conditions.
The information furnished in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
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.