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Energy Recovery Announces PX G1300 Exclusive Distribution Agreement for the Benelux Region with European Refrigeration Company Fieuw Koeltechniek
Signing Celebration to be Held at EuroShop 2023 Trade FairSAN LEANDRO, CA and ROESELARE, BELGIUM / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc.®
About this update from Energy Recovery, Inc.
[{"type":"text","content":"Signing Celebration to be Held at EuroShop 2023 Trade FairSAN LEANDRO, CA and ROESELARE, BELGIUM / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced the appointment of Fieuw Koeltechniek (Fieuw), a leading refrigeration cooling rack and service provider in Belgium, the Netherlands, and Luxembourg (the Benelux region), as Energy Recovery's exclusive distribution agent in the Benelux region. The parties entered into an exclusive distribution agreement, Energy Recovery's first for its PX G1300TM energy recovery device in Europe, which grants Fieuw exclusive rights to sell the PX G1300 within the Benelux region for two years and requires set volume purchase of PX G1300s.\"Europe is the world leader in the transition from HFC-based refrigeration to more sustainable solutions like carbon dioxide (CO2) systems,\" said KC Chen, Energy Recovery's Vice President of CO2. \"Energy Recovery is ready to accelerate this transition with our PX G1300, which reduces the energy costs and emissions of CO2-based refrigeration systems. What's more, switching to a PX G1300-enabled CO2 system from alternative CO2 systems typically comes at no additional capital cost to supermarkets, as the PX G1300 offsets the need for other components such as compressors, adiabatic coolers, and valves.\"A signing celebration between Energy Recovery and Fieuw will be held on Wednesday, March 1 at 14:00 CET in Energy Recovery's booth at EuroShop 2023, the world's number one retail trade fair located in Düsseldorf, Germany. Energy Recovery's booth is in Hall 15, G33.Prior to entering the agreement, Fieuw purchased four PX G1300s in 2022.Two PX G1300 devices were installed in February 2023 in a Carrefour supermarket in Belgium. This installation marks the first system with multiple PX G1300s and demonstrates the PX G1300's ability to serve larger refrigeration systems in both supermarkets and industrial applications. The second set of two PX G1300s is scheduled for commissioning in Q2 2023.\"We have been successful because we have provided reliable and sustainable technology to our customers for more than 35 years,\" said Stefaan Bostyn of Fieuw. \"Energy Recovery's PX G1300 is a natural fit for our offerings, as it enables our customers to meet sustainability goals and drive down their energy use and costs, essentially helping both the...