DALLAS, Dec. 10, 2012 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its Durco® Mark 3(TM) ISO chemical process pump won the 2012 Ringier Technology Innovation Award in the Centrifugal Pumps category.

"We are honored to receive the Ringier Technology Innovation Award for our Durco Mark 3 ISO chemical process pumps," said Bob Hendricks, president, Industrial Pump Operations. "As an industry leader in the design, production and service of chemical pumps, Flowserve constantly strives to offer our customers high-quality products distinguished by superior performance, outstanding reliability and ease of maintenance. Receiving the Ringier Technology Innovation Award further validates our continuing technology innovation efforts, which are specifically targeted to reduce the cost of operating and maintaining pumps in order to improve the profitability of our customers."

The Ringier Technology Innovation Awards were developed to encourage, acknowledge and reward those individuals and companies at the forefront of the international pump and valve industry. The award recognizes those who have introduced and developed a new idea, methodology, product or technology for manufacturing production efficiency, cost effectiveness, or user convenience which results in energy savings and more responsible clean manufacturing in the pump and valve industry. It is also intended to recognize those who have helped elevate China's pump and valve industry to new levels.

The Durco Mark 3 ISO pump range is fully compliant with ISO 2858 (dimensional) and ISO 5199 (design) criteria and is designed to offer end users the benefits of a price-competitive, high-efficiency, high-reliability pump incorporating many advanced design features. In developing the pump, the Flowserve design team combined state of the art hydraulic and modeling software with knowledge gained from more than 30 years of experience with its ANSI/ASME B73.1 stablemate, the Durco Mark 3 ANSI chemical process pump.

With flows to 1400 m3/h (cubic meters per hour)/6160 US gpm (US gallons per minute), heads to 220 m (meters)/720 ft (feet) and operating temperatures from -80 C to 400 C (-112 F to 752 F), the Durco Mark 3 ISO pump is available in 45 sizes, plus many designs, configurations and material combinations.

The new pump offers increased reliability through its heavy-duty casing, large radial and thrust bearings, and SealSentryTM seal chamber. A range of impeller options is available. The Durco signature "reverse vane" impeller can offer significant benefits, including ease of maintenance and repeatable pump performance throughout the life of the pump. Cost-effective maintenance can be achieved via its back pullout design, two-piece bearing housing, micrometer-style impeller adjustment mechanism and high degree of parts interchangeability.

Each Durco Mark 3 ISO pump is supplied with the new IPS Beacon(TM) condition monitoring unit. Mounted on the bearing housing, this battery-powered device provides a clear visual indication if temperature or vibration levels exceed pre-set limits.

Additional information and a video describing the features and benefits of the Durco Mark 3 ISO pumps are available at www.flowserve.com/mark3iso.  

Investor Contact: Mike Mullin, director, investor relations, (972) 443-6636
Media Contact: Steve Boone, director, global communications and public affairs, (972) 443-6644

About Ringier Technology Innovation Awards: The Ringier Technology Innovation Awards for industrial manufacturing were inaugurated by Ringier Trade Media in 2006. Ringier Trade Media is a partner with World Pumps magazine in China and is responsible for the publication of World Pumps magazine's Chinese version. The Awards are given to a select group of innovators each year in China's pump and valve industry. The panel of judges is composed of experts from authoritative associations, universities and research institutes. It follows a strict selection process, with all winners selected in a principle of neutrality, authority and fairness. More information can be found at the awards official website: innovation.industrysourcing.com.

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 website 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.

# # #


HUG#1663887


distributed by