ENERGY RECOVERY, INC.
SAN LEANDRO, CA

Energy Recovery is committed to the highest standards of ethical conduct in its financial affairs and reporting. This confidential, anonymous reporting system is dedicated to the receipt and treatment of complaints regarding accounting, internal accounting controls, or auditing matters, as well as violations of our Code of Conduct and Ethics. , the industry standard for quality management. This will help up continue to meet the needs of our customers and stakeholders in the best, most efficient manner possible. Energy Recovery is committed to the highest standards of ethical conduct in its financial affairs and reporting. We offer a confidential, anonymous reporting system dedicated to addressing complaints regarding accounting, internal accounting controls, or auditing matters, as well as violations of our Code of Conduct and Ethics. Energy Recovery prides itself on having a strong culture that is attractive to employees and customers. This important asset is nurtured by all employees who strive to maintain our unique identity and core values. We believe our employees feel a sense of pride when they work in an environment of empowerment, open communication, recognition, inclusion, collaboration, and innovation. About Energy Recovery At Energy Recovery, we recycle and convert wasted pressure energy into a usable asset and preserve pumps that are subject to hostile processing environments. With award-winning technology, we simplify complex industrial systems while improving productivity, profitability, and efficiency within the oil & gas, chemical processing, and water industries. Our products save clients more than $1.8 billion (USD) annually. From more than 20 years, we have developed genuinely disruptive technologies that have become the most efficient and most popular energy recovery solutions in desalination. Having secured market leadership in the water industry, we are expanding into new markets, such as gas processing and ammonia production. Our technologies have a significant, universal value across any industry with high rates of fluid flows and high pressure differentials. Wherever we can find an appropriate application for our technology, our solutions will provide meaningful energy savings and operational efficiency. hydraulic pumping system as the first major application of our PX Pressure Exchanger technology in oil and gas. The system alleviates the major problem of pump failure on frac sites by re-routing abrasive proppants away from the high-pressure pump trucks, allowing them to pump pure water instead of sand. Seeing the disruptive potential, Schlumberger, the world’s largest oilfield services provider, signed a 15-year exclusive licensing deal for VorTeq in 2015. system, which recovers otherwise wasted pressure energy in acid gas removal in gas processing. Multiple IsoBoost systems will be installed in what will be the largest gas processing plant in the Middle East. This follows on the heels of the comissioning the first With research, development, and manufacturing facilities in California, Energy Recovery maintains a global presence. We operate direct sales offices and technical support centers in Ireland, Dubai, and Shanghai, and our service representatives are on the ground in Algeria, Australia, China, India, Korea, Mexico, Taiwan, and throughout Latin America. Energy Recovery worked with the United Way in their effort to aid those devastated by the 2017 wild fires in the Napa Valley area. Energy Recovery ran a STEM program at Marin High School to help students learn about careers in engineering and technology. Energy Recovery staff ran a mentoring program for students at Oakland’s Castlemont High School. Energy Recovery participated in a career fair at Castro Valley High School to educate and inspire students about careers in science and technology. The Women’s Leadership Group at Energy Recovery celebrates International Women’s Day. Energy Recovery sponsored an annual gala at the Boys and Girls Clubs of San Leandro. Energy Recovery is committed to giving back to the communities where we do business. We do that by investing our time, talents, and treasures with organizations that are committed to developing children and young adults. We believe we can improve the lives of young people by giving them an opportunity to learn and grow through programs that educate, mentor and foster wellness. Energy Recovery is honored to be able to work with the United Way in their effort to aid those devastated by the wild fires that ravaged the Napa Valley area in October of 2017. We are committed to giving back to the communities where we do business and hope to lead by example in rehabilitation and relief when these communities are in need. “We are excited to work with Energy Recovery in our relief efforts for victims of the Napa Valley wild fires. We are proud to see participation from local companies like Energy Recovery which brings us closer to meeting disaster related needs.” – Anne Wilson, CEO United Way Bay Area We share our engineering and leadership expertise in many forms. We have run a successful STEM program at Marin County High School to foster interest in careers in the sciences, as well as a mentoring program at Castlemont High School in Oakland. We run internship programs at Energy Recovery that allow promising young people to develop professional experience at the company, and have a presence at regional job fairs. We also partner with organizations to offer our expertise on board positions, such as the Boys & Girls Clubs of San Leandro. Energy Recovery offers staff the opportunity to devote some of their time for volunteer work. In addition, we encourage groups within the company to develop initiatives around diversity and inclusion, such as the current Women’s Leadership Group. Energy Recovery has made donations to organizations that help give opportunities to young people, such as the Boys & Girls Clubs of San Leandro. Hans Peter Michelet has been integral to the success of Energy Recovery Inc since 1994. He first joined the board of directors in August 1995 and has served as its chairman since September 2004, during which time he has been intrinsically involved in most of the company’s strategic decisions.