DALLAS, October 18, 2012 - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced the release of the Flowserve NAF® Duball DL ball valve featuring spring-loaded packing technology.
The DL is the newest addition to the full bore, metal seated NAF Duball valve range. A patented Z-trim(TM) option improves control behavior, providing high rangeability, and also provides anti-cavitation functionality and noise attenuation. A NAF Turnex pneumatic actuator can be mounted on the ball valve and offers an ideal high-performing, vibration-resistant compact valve package providing economical total cost of ownership.
"The NAF Duball has been a popular choice in some of the most demanding applications worldwide, due to its safe and effective operation and its ability to help minimize plant downtime," said Keith Barnard, vice president and general manager, Flow Control Division, General Industries Sector. "The introduction of the DL version continues this legacy and extends the range further into the refining, petrochemical and chemical industries."
The design incorporates new spring-loaded stem packing technology on ANSI class 150 and 300 versions covering applications up to 250 degrees Celsius/482 degrees Fahrenheit. The NAF Duball product family has a split body with floating ball design providing excellent leak tightness. The valve's ball and seat are designed to be easily serviced without removing the valve stem and actuator.
The NAF Duball DL ball valve can be used in automated on/off applications and is equally suitable for a wide range of control applications. The ball valve's spring-loaded packing remains tight for a higher number of cycles, virtually eliminating the need for manual retightening of the packing. The mechanical backlash is minimized by the uniquely designed long connection between the ball and stem which is especially important in control applications.
Product Contact: Per Lundqvist, product manager, +46 13 31 63 34
Investor Contact: Mike Mullin, director, investor relations (972) 443-6636
Media Contact: Steve Boone, director, global communications & public affairs (972) 443-6644
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; 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 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; access to public and private sources of debt financing; 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.
# # #