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VorTeq scores successful completion of field trials

Jan. 07, 2016 9:01 AM ETEnergy Recovery, Inc. (ERII) StockERIIBy: Yoel Minkoff, SA News Editor8 Comments
  • Energy Recovery (NASDAQ:ERII) announces the successful completion of field trials for its VorTeq hydraulic pumping technology.
  • The system pressurizes fluids without exposing pumps to highly abrasive proppants that cause frequent equipment failure and significant lost time.
  • In October, Energy Recovery announced a 15-year licensing deal with Schlumberger, which will give the latter exclusive rights to use VorTeq technology for its global onshore hydraulic fracturing operations.
  • ERII -9.8% premarket

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