Business Context and Reporting Period
This Form 8-K was filed by Energy Recovery, Inc. on October 22, 2015, reporting events occurring on October 20, 2015. The filing serves as a Regulation FD disclosure regarding a conference call held to discuss a strategic license agreement.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate development event rather than periodic financial results.
Material Changes and Corporate Developments
- License Agreement: On October 14, 2015, the Company's subsidiary, ERI Energy Recovery Ireland Ltd., entered into a license agreement with Schlumberger Technology Corporation, a subsidiary of Schlumberger Limited (NYSE:SBL).
- Investor Communication: A conference call was held on October 20, 2015, to discuss the terms and implications of this agreement. The transcript is included as Exhibit 99.1.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management outlook, or specific risk factors beyond the standard disclosure that the information furnished in Item 7.01 is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934. The primary focus is the execution of the agreement with Schlumberger.
Investor Verification Checklist
- Review Exhibit 99.1 (Conference Call Transcript) for specific details on the license agreement terms.
- Verify the commercial significance of the partnership with Schlumberger Technology Corporation.
- Check subsequent filings for any financial impact or revenue recognition related to this agreement.