Energy Recovery Shakes Up Dead IPO Market
July 9, 2008
Sramana Mitra submits:
Energy Recovery Inc, the clean-tech shining star, went public last week nearly 15 years after setting up shop in 1993. It will trade under the ticker ERII.
ERII is the world’s leading manufacturer of energy recovery devices for water desalination. Their product, the PX 220, is one of the most economical ceramic pressure exchangers, a device that desalinates sea water using a technique called Sea Water Reverse Osmosis.
Energy Recovery Shakes Up Dead IPO Market
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