Flowserve Introduces Heavy-duty LHS Hydraulic Actuator for Oil and Gas Applications, Continuing Extension of Limitorque™ Portfolio

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Actuator is latest fluid-powered product to be launched under Limitorque brand.

Limitorque Hydraulic Scotch yoke (LHS) actuator

The release of the LHS actuator is another important step in the Limitorque fluid-powered portfolio expansion strategy.

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the launch of the Limitorque Hydraulic Scotch yoke (LHS) actuator. The LHS is ideal where hydraulic motive power is preferred and for services requiring a robust design, long service life, high-torque and high-speed operation. It is suitable for on/off, modulating and control applications of quarter-turn valves, specifically in the offshore environment as well as in general, protective and safety services such as emergency shutdown (ESD) or high-integrity pressure protection systems (HIPPS), up to and including SIL 3 Level in accordance with IEC 61508. The launch of the LHS marks another milestone, as Flowserve continues to expand its fluid- and electric-powered actuator portfolio produced under the Limitorque brand.

Designed to meet or exceed the most current and stringent safety and reliability standards for oil and gas services, the modular, hydraulically driven LHS is a piston-type, Scotch yoke actuator. It incorporates the same design philosophy and meets many of the same performance criteria as its pneumatic counterpart, the LPS, which was launched by Flowserve in January. Most notably, the LHS offers the same maintenance interval as the LPS — up to six years or as prescribed in EN 15714 for high-cycle applications — and an industry-leading, 25-year operational life.

“The release of the LHS actuator is another important step in the Limitorque fluid-powered portfolio expansion strategy,” stated Jeff Drees, president, Flowserve Flow Control Division. “Providing customers a heavy-duty option for applications where hydraulic motive power is preferred or required was an essential part of our product road map. We are very pleased by our team’s continued success developing products that meet today’s market requirements,” he added.

The ruggedly built LHS delivers up to 250 kNm (184,000 ft-lb) and a maximum allowable working pressure (MAWP) of 207 bar (3,000 psi), with minimal wear and maximum efficiency. An optional version with a maximum allowable working pressure (MAWP) of 345 bar (5,000 psi) is available upon request. The LHS is available in single-acting spring return or double-acting configurations for operation in a wide range of standard, low- and high-temperature environments — from -29 C (-20 F) for spring return units and -60 C (-76 F) for double-acting units up to 160 C (320 F). It has been designed and manufactured in accordance with: IP66/IP66M and IP67/IP67M per EN60529; NEMA 4 and NEMA 4X per NEMA 250; and EN 15714-4.

Information is available from Flowserve Limitorque regarding product compliance for ATEX, PED, ASME, SIL and GOST.

The launch includes custom controls packages upon request for most applications, including: hydraulic control panels; hydraulic power units; hydraulic accumulator racks; and self-contained units. Combined with the advanced features of the LHS actuator, end users benefit from high-torque, ultra-fast actuator response in emergency shutdown, isolation and modulating flow control applications.

For more information about the LHS actuator, visit flowserve.com/LimitorqueFluidPower.

Flowserve Contacts

Investor Contacts:
Jay Roueche, vice president, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, director, Investor Relations, (972) 443-6636

Media Contacts:
Lars Rosene, vice president, Global Communications and Public Affairs, (972) 443-6644

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 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 http://www.flowserve.com.

Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E 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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