- 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