Energy Recovery, Inc. (NasdaqGS:ERII) is looking for M&A. Robert Mao, Chairman, President and Chief Executive Officer said, "We always look for M&A opportunities, but we -- as we also touched upon before, that we also want to protect our high-margin brand equity. So that puts a, you would say, a floor on what kind of M&A we will be looking at. As of this moment, while we are always on the watch out, we don't really have anything close enough to even mention about it".