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2016-02-03

Flowserve Corporation: Flowserve Expands Range of Permanent Magnet Submersible Motors

New Pleuger®PMM8 Motor Delivers More Power, Less Energy Cost

DALLAS, Feb. 3, 2016 -Flowserve Corporation(NYSE: FLS), a leading provider of
flow control products and services for the global infrastructure markets,
announced today it has introduced the Flowserve Pleuger PMM8, a new
submersible electric motor that utilizes permanent magnet technology.

Based on the reliable Pleuger three-phase, AC, squirrel-cage induction motor,
the PMM8 has proven advantages over asynchronous designs, including higher
efficiency at full and partial loads, lower thermal losses and a robust,
large air gap configuration. The result is a motor that can reduce energy
costs by up to 10 percent and boost power output by over 100 percent, while
extending the overall life of the motor.

The PMM8 motor technology has demonstrated over 93 percent efficiency, one of
the most efficient eight-inch submersible motors on the market. Operated in
conjunction with variable frequency drives, the PMM8 runs at synchronous
speed with no rotor losses, which allows the pump to run at best efficiency
point under variable flow conditions. Since the new PMM8 is available in the
same diameter size as competitor units, customers will often be able to
reduce their energy costs by upgrading to the Flowserve motor. Because of the
high power output, in many cases the 8-inch PMM8 design can be substituted
for conventional 10-inch asynchronous motors. Customers who have installed
the PMM technology at their sites are very satisfied with the economic
performance. Flowserve is one of the few companies which have both
submersible pump and submersible motor competencies including permanent
magnet technology.

"The PMM8 as well as the PMM6 are examples of our ability to provide
innovative products to better meet our customers' needs," said Jeff Drees,
President, Industrial Product Operations, Flowserve. "The efficient
operations and extended lives of the Flowserve PMM motors will help our
customers in the water resources and general process industries combat rising
energy costs."

The PMM8 is currently available in a 190 mm (8 in.) motor size with power
output of 50 kW (67 hp) to 200 kW (268 hp). Flowserve intends to release
additional sizes in the future.

More information on the PMM8 and the previously released PMM6 can be
foundhere.

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

Amy Allen, manager, Global Communications and Public Affairs, (972) 443-6501

About
Flowserve:
Flowserve Corp. is one of the world's leading providers of fluid motion and
control products and services. Operating in more than 55 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 Web site at 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; 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; increased aging and slower collection of receivables,
particularly in Latin America and other emerging markets; 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 and other critical processes;
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 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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Flowserve Corporation via Globenewswire

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