Business Context and Reporting Period
This Form 8-K is a current report filed by Energy Recovery, Inc. on July 14, 2009, covering an event that occurred on July 9, 2009. The filing serves as a Regulation FD disclosure regarding a significant project award.
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 specific business development rather than periodic financial performance.
Material Changes
On July 9, 2009, Energy Recovery, Inc. received a project award from UTE CAP DJINET, a consortium comprising Inima (Grupo OHL) and Aqualia (Grupo FCC). The award is for the supply of equipment for a 100,000 m3/day desalination plant located in Cap Djinet, Algeria.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors beyond the standard disclosure of the project award. No unusual items or contingencies were detailed in the text provided.
Investor Verification Points
- Verify the total contract value and payment terms associated with the Cap Djinet desalination plant project.
- Confirm the expected timeline for equipment delivery and revenue recognition.
- Review the attached news release (Exhibit 99.1) for technical specifications and consortium details.