Achieving exceptional balance between high performance and value  while delivering high flow rates

DALLAS,  December 16, 2013 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the introduction of two new products, the Valtek GS globe control valve and Logix® 420 digital positioner, that deliver exceptional high performance and value. These products provide a fully integrated valve package for general service continuous process control throughout the plant.

The Valtek GS is an environmentally-friendly control valve that complies with the latest standards for controlling fugitive emissions requirements (ISO 15848). The GS is based upon simple, yet proven Valtek design philosophies of building an instrumented control valve package by providing automated calibration and some of the highest flow rates in a general service globe valve package - over 55 Cv in a 2-inch valve and nearly 150 Cv in the 3-inch model.

In addition to value and high performance, the Valtek GS accommodates a range of sizes and pressure classes:

  1. General service applications in sizes 0.5" to 6" (DIN 15 to 150) 

  2. Pressure class 150 and 300 (PN 16 to 40) 

  3. Market leading Cv in a globe control valve package 

Boasting quick installation and simple setup by maintenance technicians without instrument or process engineering skills, the Valtek GS high capacity valve is available in multiple trim and material options. The GS handles a wide array of general service application requirements for greater long-term value including excellent flow control, durability and reliability equating to less maintenance over the life of the valve.

The new Logix® 420 digital positioner supports the Valtek GS control valve platforms and is designed with the latest technology to support precise and reliable control while allowing fast commissioning with its single, push button calibration. The Logix® 420 is a compact, explosion-proof (certification pending) positioner that is able to control small to large valves with high flow rates and direct mounting capabilities which virtually eliminate the need

for more expensive mounting options. Additionally, the Logix 420 is designed for use in safety--related applications, per IEC 61508 SIL3 certifications.

"When combined with the Valtek GS, this package provides both maintenance technicians and process plant operators an optimal balance of performance and value without compromise to product quality, safety or integrity," said John Lenander, vice president and general manager, Flowserve Flow Control Division, Oil and Gas Sector.

Both the Valtek GS and the Logix® 420 products are included in the latest release of Performance! - the Flowserve Control Valve sizing, selection, and project management software. Performance! employs industry-standard IEC and ISA sizing equations, among other measures, to assist the user in selecting the best solution for their application.

Among competing globe control valves, the Valtek GS and Logix® 420 fully integrated package can deliver the highest flow capacity - over 55Cv (2-inch valve). Once again, Flowserve proving to lead the market in best application fit, performance and value.

For product photos and contacts, please visit www.flowserve.com/valtekGS.

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. Flowserve operates a global network of more than 160 quick response centers to provide customers with aftermarket support for its products.

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

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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