Flowserve Introduces LPC Compact Pneumatic Actuator to Complement the Limitorque™ LPS, Heavy-duty Actuator

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New LPC Scotch yoke actuator from Limitorque - a compact solution for small valve actuation

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The modular, compact LPC represents the next logical extension of our pneumatic product line from Limitorque

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 Pneumatic Compact (LPC) Scotch yoke actuator. The LPC joins the growing family of technically advanced, fluid-powered actuators under the Limitorque brand that began expanding its portfolio beyond electric actuation earlier this year.

Complementary to the Limitorque Pneumatic Scotch yoke (LPS) model, the LPC applies similar design philosophy as the LPS for long operational life and reliability, but in a more compact, lower-cost package. The LPC has been designed with an industry-leading, 25-year design life, depending on service conditions, proper installation, operation and maintenance. In-field maintenance is required every five years for most applications, or as prescribed in EN 15714 for high-cycle applications.

“The modular, compact LPC represents the next logical extension of our pneumatic product line from Limitorque,” stated Jeff Drees, President, Flowserve Flow Control Division. “The LPC provides customers an actuator for smaller, quarter-turn valve applications that is built to current rigorous standards and performance specifications. Customers using the LPC also have access to the full array of application engineering, customer service and aftermarket support for the actuator as well as other fluid-powered products through the Limitorque established sales and distribution network,” he added.

The LPC is a robust yet lightweight, pneumatically driven, piston-type design that delivers torque up to 1,600 Nm (1,180 ft-lb), a maximum allowable working pressure (MAWP) of 12 barg (174 psig), and quick stroking times of less than 0.5 seconds. Ideally suited for smaller size quarter-turn valves, the LPC is available in single-acting spring return or double-acting configurations and can operate in a wide range of standard, low- and high-temperature environments — from -60 C (-76 F) to 160 C (320 F). It has been designed and tested to: IP66/IP66M and IP67/IP67M per EN60529; NEMA 4 and NEMA 4X per NEMA 250; and EN 15714-3. Information is available from Flowserve Limitorque regarding product compliance for ATEX, PED, ASME, SIL and GOST.

Flowserve continues to invest in fluid-powered actuator development through its dedicated Flowserve Limitorque operation in Milan, Italy. For more information about Limitorque or the newly released LPC actuator, visit flowserve.com/LimitorqueFluidPower.

Flowserve Contacts

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

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

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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Lars Rosene
Flowserve
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