Energy Recovery, Inc. Loss Submission Form

Company: Energy Recovery, Inc.

Ticker: (NASDAQ) ERII

Deadline

Passed

Lead Plaintiff Deadline: September 21, 2020

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Allegations

(i) the Company had different strategic perspectives regarding commercialization of the Company’s VorTeq technology than Schlumberger Technology Corp., which had exclusive rights to the use of VorTeq (ii) these differences created substantial risk of early termination of the Company’s exclusive licensing agreement with Schlumberger; (iii) accordingly, the revenue guidance and expectations of future license revenue was false and lacked reasonable basis; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times or lacked a reasonable basis and omitted material facts.