Flowserve McCANNA Introduces In-Line Maintainable Cryogenic Valve

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The CryoSeal represents the optimum design solution for cryogen flow isolation at temperatures as low as -320⁰ F / -196⁰ C

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Flowserve McCANNA CryoSeal Valve

We have delivered a no-compromise valve solution for the automated or manual control of cryogenic fluids by virtually eliminating all contamination, fluid degradation or waste, while assuring safety for people, property and the environment

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the launch of the McCANNA CryoSeal ball valve for cryogenic service. The CryoSeal represents the optimum design solution for cryogen flow isolation at temperatures as low as -320⁰ F / -196⁰ C.

User benefits with this new product include increased uptime through the use of self-compensating, live-loaded stem seals which provide enhanced sealing life as well as leak-tight integrity. The CryoSeal’s top-entry design allows in-line maintenance which further increases process uptime. The wedge seat design compensates for wear and thermal cycling in various applications.

This latest development from Flowserve McCANNA offers a number of features which make it ideally suited to various cryogenic applications including liquefied natural gas (LNG) liquefaction, transportation and regasification. Its quarter turn operation and special low-torque seat profiles make it simple and cost-effective to automate.

Particularly significant is the fact that the CryoSeal is certified as both fire-safe as well as meeting the ISO15848 standard for fugitive emissions, making it an ideal choice for a number of cryogenic applications.

“With the introduction of the new McCANNA CryoSeal ball valve,” commented Jeff Drees, President of Flowserve Flow Control Division, “Flowserve has delivered a no-compromise valve solution for the automated or manual control of cryogenic fluids by virtually eliminating all contamination, fluid degradation or waste, while assuring safety for people, property and the environment.”

The CryoSeal is available in sizes 1/2” - 6” (15 - 150mm) full port or 1/2” - 8” (15 - 200mm) reduced port, ANSI Class 150 - 600, with either butt weld or flanged ends. Both body and bonnet are one-piece construction for superior integrity and reliability.

The valve is certified to the following industry standards:

  • BS 6364 and API 608 – design and testing requirements
  • API 607 and ISO 10497 – fire test
  • ISO 15848-1 fugitive emission testing (Low E)
  • API 598 testing

The AAR (American Association of Railroads) has approved the valve as suitable for use on tank cars. This is significant not just because rail is an important means of transporting LNG and liquid nitrogen but also as LNG is increasingly being used as an alternative to diesel as a fuel for locomotives.

The McCANNA CryoSeal ball valve is supported by Flowserve’s extensive global network of sales offices and aftermarket service and Quick Response Centers.

For more information about the CryoSeal valve, visit flowserve.com/McCANNA.

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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