Energy Recovery Announced $15M In Contracts To Supply Its PX Pressure Exchanger Energy Recovery Devices To Seawater Reverse Osmosis Desalination Plants In India. All Orders Are Expected To Ship In 2024
Portfolio Pulse from Benzinga Newsdesk
Energy Recovery has secured $15M in contracts to provide PX Pressure Exchanger devices to seawater reverse osmosis desalination plants in India, with all orders slated for shipment in 2024.
May 09, 2024 | 12:16 pm
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POSITIVE IMPACT
Energy Recovery's $15M contracts for PX Pressure Exchanger devices in India signal strong demand for its technology and potential revenue growth in 2024.
The announcement of $15M in contracts for Energy Recovery indicates a significant business win and potential revenue increase. Given the specificity of the contracts and the timeline for shipment, this news directly impacts ERII's financial outlook and operational growth, particularly in the desalination sector. The contracts not only validate the demand for ERII's technology in a growing market like India but also likely contribute positively to investor sentiment and the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90