Energy Recovery Awarded More Than $12M In Desalination Contracts In The United Arab Emirates; These Contracts Have Previously Been Reported In The Company's Financial Guidance
Portfolio Pulse from Benzinga Newsdesk
Energy Recovery (NASDAQ:ERII) has secured over $12 million in contracts for its PX® Pressure Exchanger® devices for desalination projects in the UAE. These contracts align with the company's financial guidance and are expected to ship by Q4 2024.
October 17, 2024 | 1:04 pm
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Energy Recovery has been awarded over $12 million in contracts for its PX® Pressure Exchanger® devices for desalination projects in the UAE. These contracts are in line with the company's financial guidance and are expected to ship by Q4 2024.
The awarding of over $12 million in contracts for desalination projects in the UAE is a positive development for Energy Recovery. It aligns with their financial guidance, indicating stability and potential growth in revenues. The shipment timeline by Q4 2024 suggests a steady pipeline of business.
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