Company to Showcase new Diamond-Coated Faces for Mechanical Seals

DALLAS, September 10, 2013 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced it plans to attend the 42nd Annual Turbomachinery and 29th Annual Pump Symposia September 30 through October 3 in Houston, Texas.

In addition to its industry-leading turbomachinery sealing solutions - Circpac(TM), Turbopac(TM) and Gaspac® mechanical seals, and the ISC2 family of cartridge seals - Flowserve will showcase its new ultrananocrystalline diamond (UNCD®) coating, previously announced in April as a collaborative agreement with Advanced Diamond Technologies (ADT). When applied to Flowserve base materials, the UNCD® coating developed by ADT produces an exceptionally hard surface with significantly improved friction and wear characteristics. This is particularly beneficial for applications requiring protection from slurry, dry-running conditions and chemical corrosion. For more information, please visit www.flowserve.com/UNCD.

For more information about Flowserve and its portfolio of sealing products and services developed for the turbomachinery market, visit Booth 731 to speak with any of the Flowserve seal or pump experts. 

Investor Contact: Mike Mullin, director, investor relations, (972) 443-6636
Media Contact: Amy Allen, manager, Global Communications, (972) 443-6501

About Turbomachinery Symposia: The Pump/Turbomachinery Symposia is an annual event featuring a world-class technical program combined with an international exhibition complete with full-size equipment and hundreds of leading companies. The Turbomachinery Laboratory of Texas A & M University sponsors two annual symposia held in the Fall of each year to promote professional development, technology transfer, peer networking, and information exchange among industry professionals. These two events are led by engineers with vast experience in the petrochemical, process, chemical, utility, contractor, and consulting fields, along with manufacturers of rotating equipment and fluid-handling equipment from around the world.

About Diamond Technologies: Advanced Diamond Technologies (ADT) is the world leader in developing and applying diamond films for electronic, mechanical, industrial and biomedical applications and offers several families of high-performance products that exploit the unsurpassed characteristics of diamond. ADT harnesses the superlative properties of nature's perfect material by turning natural gas into diamond in a highly controlled, reproducible process for a variety of industrial, electronic and medical applications. ADT offers several families of high-performance UNCD® products that take advantage of the unsurpassed properties of diamond. More information about ADT is available at http://www.thindiamond.com/.

About Flowserve: Flowserve Corporation 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; 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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