Introduction
Energy Recovery Inc ("ERII") is the US based 400 million market cap. company with no debt, USD100 million in cash, 100% market share in their segment, has not lost a tender in five years, 72% margins, and 18% compounded revenue growth and further revenue growth opportunities by implementing its technology into other industries. The latest investment presentation is here.
ERII produces pressure exchanger technology that is able to recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. For example, an average pump