This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Energy Recovery Inc Appoints Industry Expert Ismail Nawaz As Vice President, Oil & Gas Product Development

Energy Recovery Inc (NASDAQ:ERII), a leader in the design and development of energy recovery devices for desalination and other industrial processes, today announced the hire of seasoned oil and gas expert Ismail Nawaz as its Vice President, Oil & Gas Product Development. With over 25 years of experience at Schlumberger, Nawaz will bring his extensive expertise in product development and commercialization to lead ERI’s planned expansion strategy into the oil and gas market.

An oil and gas industry veteran, Nawaz joins ERI as the company looks to build on its strong position in the desalination market to refine products and applications for new, large addressable markets. ERI technologies serve to repurpose pressure energy that is otherwise lost in high-pressure fluid applications, and the oil and gas market represents a compelling new business opportunity. The company anticipates that Nawaz’s unique skills in management, product development, and market development will accelerate ERI’s penetration into the oil and gas market and help establish it as a leader in energy recovery for this new market.

“During his 25-year tenure at Schlumberger, Nawaz developed invaluable global experience in launching innovative products for oil and gas applications. He represents an ideal fit to lead development in this critical strategic market,” said Thomas S. Rooney, chief executive officer, ERI. “We are very pleased to have him join ERI at this important phase of the company’s growth.”

An MBA graduate of the MIT Sloan School of Management and a B.S. graduate of the University of Engineering in Lahore, Pakistan, Nawaz’s 25 years of experience with Schlumberger in the oil and gas industry have taken him to numerous destinations across the globe. Starting in 1985 as a field engineer, he has held various positions in the Middle East, Latin America, North America and Europe. Most recently, Nawaz was Global Product Line Manager, Intelligent Completions, where he was responsible for leading a business team to develop new products to take to market that address market gaps. “ERI’s impressive track record for creating energy recovery devices for the desalination industry makes the company well-positioned to exploit a significant new market opportunity,” said Nawaz. “I look forward to contributing my experience, guiding the company towards success as it begins developing and refining products for the global oil and gas markets.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,841.82 +121.90 0.69%
S&P 500 2,095.50 +15.09 0.73%
NASDAQ 5,143.8840 +35.2180 0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs