New Flowserve Valve and Actuation Products Featured at Valve World 2014

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New products can be viewed at booth 5G01.

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Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, is exhibiting its diverse valve solutions for the chemical industry in booth 5G01 at Valve World 2014 in Düsseldorf, Germany, December 2-4.

The Flowserve booth will showcase a number of new products and technologies including the Worcester Compact Electric Actuator (CEA) Series, the McCANNA CryoSeal valve, laser clad valves from Flowserve Argus and the PMV D3 WL, among the world’s first wireless positioner.

New! Compact Electric Actuator (CEA) Series
The CEA features a multitude of user benefits which are combined into one unit to provide a genuine breakthrough in capability for compact, single-phase electric actuators. Flowserve is at the forefront in offering industrial OEMS and end users a single phase electric actuator with intelligent technologies such as advanced diagnostic capabilities across a broad range of valve applications, along with extended service life that will enhance cycle performance.

New! McCANNA CryoSeal Cryogenic Valve
The McCANNA CryoSeal ball valve represents the optimum design solution for flow isolation of cryogens down to -320⁰ F / -196⁰ C. It offers a number of features which make it ideally suited to various cryogenic applications including LNG liquefaction, transportation and regasification. Its top-entry design allows easy, time-saving in-line maintenance, while quarter-turn operation and special low-torque seat profiles make it simple and cost effective to automate.

Also showcased at Valve World is the new laser-clad valves developed by Flowserve Argus. This technology allows more complete coating of internal valve surfaces and offers the potential to replace high alloy parts with laser coated materials in the most severe process conditions. Thereby, this technology offers the user a more cost-effective solution to worn valve surfaces.

In addition, we will also feature the first PMV wireless positioner for valve control and monitoring; the Atomac and Durco lined valves for severe service; and Worcester Controls hygienic duty valves and swivel-ended valves which offer quicker, simplified installation.

For more information about these products, visit us at Valve World 2014 in Booth 5G01, or at http://www.flowserve.com.

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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