Flowserve Receives Multi-million Dollar Order for Vertical Pumps Package for Seawater Desalination Plant in California
(Thomson Reuters ONE) -
DALLAS, November 13, 2013 - Flowserve Corporation (NYSE: FLS), a leading
provider of flow control products and services for the global infrastructure
markets, today announced it has received a multi-million dollar order from IDE
Technologies to supply pumping systems for the seawater reverse osmosis (SWRO)
desalination plant located in Carlsbad, Calif. This order was booked in the
third quarter of 2013.
Israel-based IDE was selected to design and subsequently operate the 189,250
cubic meters/day (50 million gallons/day) Carlsbad desalination plant for 30
years. With an expected completion date during the fourth quarter of 2015, this
SWRO plant is projected to be the largest desalination plant in North America.
IDE Technologies purchased three large Flowserve vertical seawater intake pumps
constructed in super duplex stainless steel to supply the highly corrosive raw
seawater to the plant. Additionally, eight large vertical, double suction, twin
volute pumps constructed in 316L stainless steel were specified and purchased to
transfer the potable water from the SWRO plant into the San Diego County Water
Authority distribution system.
"We are pleased that IDE Technologies continues to work with Flowserve on
projects of this importance and magnitude," said Jim Quain, president, Flowserve
Sales Organization. "As a global leader in the growing desalination industry,
Flowserve pumps provide an established track record for efficiency and
reliability. Because IDE will operate the SWRO plant for the next 30 years,
proven reliability was a key factor in the award of this contract."
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 IDE: IDE is a world leader in water treatment solutions, specializing in
the development, engineering, construction and operation of some of the world's
largest and most advanced thermal and membrane desalination and industrial water
treatment plants.
IDE partners with a wide range of customers - municipalities, oil & gas, mining,
refineries and power stations - on all aspects of water projects, and delivers
approximately 3 million m3/day of high quality water worldwide.
With industry-leading technology, financial flexibility, creative thinking and
high expertise, IDE's proven track record spans 400 plants, 40 countries, and 4
decades.
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 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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Source: Flowserve Corporation via Thomson Reuters ONE
[HUG#1742955]
Unternehmensinformation / Kurzprofil:
Datum: 13.11.2013 - 22:15 Uhr
Sprache: Deutsch
News-ID 316343
Anzahl Zeichen: 8570
contact information:
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"Flowserve Receives Multi-million Dollar Order for Vertical Pumps Package for Seawater Desalination Plant in California"
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