Dallas, Texas 06/30/2015 (Financialstrend) – Energy Recovery, Inc. (NASDAQ:ERII), the desalination company with niche solutions for oil and gas companies and energy companies, stock was found sliding further on Monday, dipping further from its Friday prices. The slow crest the shares climbed with the announcement of $10.3 million mega project awards on June 22; soon lost its sheen and by June 26, the downtrend was clearly charted by analysts.
Energy Recovery, Inc. (NASDAQ:ERII) had announced last Monday, that it has just won a mega-project which required the installation of its PX Pressure Exchanger technology. The new awards for installation of the processes within desalination plants in Asia and Middle East is expected to establish Energy Recovery Inc as the leader in this specialized niche of energy product recovery.
For several years now Energy Recovery Inc is the name behind several billions of savings for oil and gas plants, energy producers with its unique desalination technology. The company has been able to nearly automate the process of removing or ‘desalinate’ pipes by ‘recycling’ the pressure of the liquids in the pipes.
The technical solutions have ensured energy companies become productive, profitable as well as energy efficient. Additionally, the technology protects equipment which would otherwise be exposed to severe conditions.
Energy Recovery, Inc. (NASDAQ:ERII) hopes to become a global player in providing efficient energy-saving and protection services, especially with its desalination solutions. The present set-back appears to be an adjustment phase, before Energy Recovery begins to post share price gains again. Fortunately for Energy Recovery, many of its past clients who have already implemented solution sets provided by the energy-pruner and have committed to extending the scope of these solutions. Hence, ERII is gathering momentum as the go-to service for desalination processes by enterprises and corporations. Therefore, Energy Recovery will only have to focus on its core competencies and upgrade technology to ensure it continues its domination in the segment.