Flowserve Limitorque Launches Breakthrough Compact Electric Actuator Series

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New CEA product series raises performance levels of compact electric actuators

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With the launch of the new CEA actuator, we are bringing a product to market that exceeds industry expectations for a light-to-medium duty electric actuator

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the launch of the Compact Electric Actuator (CEA) Series from Flowserve Limitorque. 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. For the first time, industrial OEMs and end users specifying single phase electric actuators can benefit from the intelligent technologies, broad range of valve applications, and extended service life that will enhance cycle performance and advanced diagnostic capabilities.

Intelligent technology
Customer-inspired, user-friendly Human Machine Interface (HMI) features auto calibration to provide optimized commissioning for valve automation. Available for the first time in single phase actuators, standard diagnostics include actuator temperature and valve torque monitoring with early warning detection of operating threshold and alarm output.

Valve application
The CEA not only meets typical rotary duty requirements (i.e. 90 and 180 degree), it is also capable of multi-turn duty up to 20 turns, making it a cost effective and easily adaptable solution for rising stem valves.

Service life
The CEA uses precision designed, worm gear drive trains and brushless DC (BLDC) motors to minimize unscheduled downtime. During qualification testing, the actuator demonstrated an unprecedented operating reliability of up to 250,000 on/off cycles. When configured for modulating service the CEA provides 1800 starts per hour with 0.1% position accuracy.

Available globally through multiple distribution channels, the CEA range consists of seven sizes providing a continuous torque up to 1695 Nm (15,000 in-lbs) and five design variants. These include network communication, single-loop control and modulating control.

Equally important to the design and capability of the CEA was the need to meet global standards and approvals. The CEA is fully qualified to NEMA Type 4, 4X and6, IP66/68 Class 1, Div 1 and 2, Gps B,C,D (CSA,FM) and ATEX II 2G Ex d IIB +H2 T4: IECEx II 2G Ex d IIB +H2 T4.

“With the launch of the new CEA actuator, we are bringing a product to market that exceeds industry expectations for a light-to-medium duty electric actuator,” stated Jeff Drees, President, Flowserve Flow Control Division. “The CEA redefines performance levels in a number of areas,” he added.

In addition to designing and manufacturing breakthrough products, Flowserve Limitorque provides a full array of application engineering, customer service and aftermarket support for the CEA and other automation products through its established global sales and distribution network.

For more information about the CEA actuator, visit flowserve.com.

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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