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Flowserve Corporation : Flowserve Receives Multi-million Dollar Order for Pumps and Energy Recovery Devices for Desalination

  Flowserve Corporation : Flowserve Receives Multi-million Dollar Order for
           Pumps and Energy Recovery Devices for Desalination Plant

DALLAS, April 4, 2013 - Flowserve Corporation (NYSE: FLS), a leading provider
of flow control products and services for the global infrastructure markets,
today announced it has received a multi-million dollar order from M.N. Larnaca
Desalination to provide a complete pump package and energy recovery devices
(ERDs) to be used at Larnaca, a 60,000 cubic meters/day (15.9 million
gallons/day) seawater reverse osmosis (SWRO) desalination plant located in the
Republic of Cyprus. M.N. Larnaca Desalination - a joint venture of Mekorot
Development & Enterprise Ltd. of Israel and Netcom Limited of Cyprus - will
design and rebuild the existing SWRO desalination plant and then operate the
upgraded facility for the next 25 years.

Booked in the first quarter of 2013, the Larnaca project will utilize
Flowserve Calder Dual Work Exchange Energy Recovery (DWEERTM) units together
with Flowserve DMX pumps in the high pressure feed service. Through its
Calder(TM) brand of products and technologies, Flowserve specializes in the
design, engineering, and supply of energy recovery equipment and related
proprietary technologies for the reverse osmosis process used in desalination
plants around the world. The DWEER units are isobaric machines which can
recover as much as 97 percent of the hydraulic energy remaining in the brine
stream, helping to significantly lower the customer's cost to operate the
facility.Flowserve ERDs and pump product line specifically designed for the
desalination market enabled the company to work closely with M.N. Larnaca from
the outset of the project to identify and configure the most suitable,
efficient, and economical equipment for this plant.

"As a leader in the growing desalination industry, we are extremely pleased
that M.N. Larnaca Desalination has entrusted Flowserve with this important
project," said Jim Quain, president, Flowserve Engineered Product Operations.
"Flowserve's proven track record for efficiency and reliability of our
high-pressure pumps and Calder DWEERs, along with a low overall cost of
ownership and an experienced global project management team, were major
considerations in being awarded this order."

For more information on Calder products, please visit
www.flowserve.com/Products/Energy-Recovery-Devices.

About Flowserve: Flowserve Corp. is one of the world's leading providers of
fluid motion and control products and services. Operating in more than 55
countries, the company produces engineered and industrial pumps, seals and
valves as well as a range of related flow management services. More
information about Flowserve can be obtained by visiting the company's website
at www.flowserve.com.

Safe Harbor Statement: This  news release includes forward-looking  statements 
within  the  meaning  of  Section27A  of  the  Securities  Act  of  1933  and 
Section21E of the Securities Exchange Act of 1934, which are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act  of 
1995, as  amended.  Words or  phrases  such as,  "may,"  "should,"  "expects," 
"could,"   "intends,"   "plans,"   "anticipates,"   "estimates,"   "believes," 
"forecasts," "predicts" or other similar expressions are intended to  identify 
forward-looking  statements,  which  include,  without  limitation,   earnings 
forecasts, statements  relating to  our business  strategy and  statements  of 
expectations,  beliefs,   future   plans  and   strategies   and   anticipated 
developments concerning  our  industry,  business,  operations  and  financial 
performance and condition.

The forward-looking statements included in this news release are based on  our 
current expectations, projections, estimates and assumptions. These statements
are only  predictions, not  guarantees.  Such forward-looking  statements  are 
subject to numerous  risks and  uncertainties that are  difficult to  predict. 
These risks and uncertainties  may cause actual  results to differ  materially 
from what is forecast in such forward-looking statements, and include, without
limitation, the following: a portion of our bookings may not lead to completed
sales, and our ability to convert bookings into revenues at acceptable  profit 
margins; changes  in the  global  financial markets  and the  availability  of 
capital and the potential for  unexpected cancellations or delays of  customer 
orders in our reported  backlog; our dependence on  our customers' ability  to 
make  required  capital   investment  and   maintenance  expenditures;   risks 
associated with cost  overruns on  fixed-fee projects and  in taking  customer 
orders  for  large  complex   custom  engineered  products;  the   substantial 
dependence of our sales  on the success  of the oil  and gas, chemical,  power 
generation and water management industries; the adverse impact of volatile raw
materials prices on our products and operating margins; our ability to execute
and realize the  expected financial  benefits from  our strategic  realignment 
initiatives;  economic,  political  and   other  risks  associated  with   our 
international operations, including military  actions or trade embargoes  that 
could affect customer markets, particularly Middle Eastern markets and  global 
oil and gas producers, and non-compliance with U.S. export/re-export  control, 
foreign  corrupt  practice  laws,  economic  sanctions  and  import  laws  and 
regulations; our exposure to fluctuations in foreign currency exchange  rates, 
including in hyperinflationary countries such as Venezuela; our furnishing  of 
products and services  to nuclear  power plant  facilities; potential  adverse 
consequences resulting  from litigation  to  which we  are  a party,  such  as 
litigation involving asbestos-containing material claims; a foreign government
investigation regarding our participation  in the United Nations  Oil-for-Food 
Program; expectations regarding acquisitions  and the integration of  acquired 
businesses; our foreign subsidiaries autonomously conducting limited  business 
operations and  sales  in  certain  countries identified  by  the  U.S.  State 
Department  as  state  sponsors   of  terrorism;  our  relative   geographical 
profitability and  its  impact on  our  utilization of  deferred  tax  assets, 
including foreign tax credits; the  potential adverse impact of an  impairment 
in the carrying value of goodwill  or other intangible assets; our  dependence 
upon third-party suppliers  whose failure  to perform  timely could  adversely 
affect our business operations; the  highly competitive nature of the  markets 
in which we operate; environmental compliance costs and liabilities; potential
work  stoppages  and  other  labor  matters;  our  inability  to  protect  our 
intellectual  property  in  the  U.S.,  as  well  as  in  foreign   countries; 
obligations under  our  defined  benefit  pension  plans;  and  other  factors 
described from time to  time in our filings  with the Securities and  Exchange 
Commission.

All forward-looking  statements included  in this  news release  are based  on 
information available to us on the date hereof, and we assume no obligation to
update any forward-looking statement.

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Source: Flowserve Corporation via Thomson Reuters ONE
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