Flowserve Pumps Helping Florida Locations Damaged By Hurricane

01.10.2004

Hurricane Frances battered Florida for three days causing billions of dollars in damage. At least seven deaths were attributed to the storm and over 6 million people lost power. Municipalities were negatively impacted, including Martin County in southeast Florida and the Everglades.

Among the Martin County operations affected was the Jenson Beach Water Treatment Plant. Two of the treatment plant's four transfer pumps were damaged, severely crippling operations. But like the many Florida individuals who received a helping hand after the hurricane, so did the treatment facility in Martin County.

The Jenson facility placed an emergency call to Flowserve Corp.'s (NYSE:FLS), Taneytown, Md., plant seeking help replacing the damaged pumps. Kenn Owens, manager for vertical turbine pump products, and Emad Kronfli, manager of Taneytown's order fulfillment team, immediately reacted. They contacted Flowserve's Lakeland, Fla., Quick Response Center (QRC), ordering two 350 mm (14 in.) EN-1 single-stage pumps on Sept. 7. Everyone at the Lakeland QRC pitched in to machine parts, make shafting, assemble the pumps and get them ready for delivery within one day. Representatives from the Jenson facility opted to pick up the pumps on Sept. 9 and were extremely pleased with the service. Normal lead time for these pumps is eight weeks and the quick ship program offered through Flowserve typically offers a two-week turnaround time. "Everyone at the Lakeland facility recognized the urgency of the need and worked together for 24-hour delivery," said John Ondrejack, Flowserve Regional Manager of Water/Waste Water Sales, Southeast U.S./Caribbean, who is based in Boca Raton.

The Flowserve 350 mm (14 in.) EN-1 vertical turbine pumps feature cast iron bowls, bronze impellers, rubber bowl bearings and 416 SS shafting throughout. They are also designed with 2,415 mm (96.5 in.) threaded column steel assemblies and 10W cast iron discharge heads. Owens noted that Flowserve is now standing by for any future needs of the Jenson Beach Water Treatment Plant.

In addition to emergency pump replacement for the delivery of water, existing Flowserve pump installations are providing flood relief. Hurricane Frances caused some flooding issues in the Florida Everglades watershed. But 25 pumps supplied by Flowserve during the past two years for the Everglades Restoration Project are now being used as flood control pumps. The Everglades Restoration Project was initiated by the South Florida Management District (SFMD), the state agency in charge of flood control and cleanup efforts that works in parallel with the Army Corps of Engineers. The 25 pumps helping with flood control are high volume axial flow pumps capable of pumping over 2.3 million cubic meters per hour (10 million gallons per minute). Ondrejack noted that Flowserve has offered its services in the future to the SFMD and that the Flowserve Water Resource Sales Team has notified all municipalities that they are standing by to be of assistance in any future needs in the Southeast U.S. and Caribbean.

Flowserve Corp. is one of the world's leading providers of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

Safe Harbor Statement: This news release contains various forward-looking statements and includes assumptions about Flowserve's future financial and market conditions, operations and results. In some cases forward-looking statements can be identified by terms such as "may," "will," "should," "expect," "forecast," "plans," "projects," "seeks," "anticipate," "believe," "estimate," "predicts," "potential," "continue," "intends," or other comparable terminology. These statements are based on current expectations and are subject to significant risks and uncertainties. They are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Among the many factors that could cause actual results to differ materially from the forward-looking statements are: changes in the financial markets and the availability of capital; changes in the already competitive environment for the company's products or competitors' responses to Flowserve's strategies; the company's ability to integrate past and future acquisitions into its management operations; political risks, military actions or trade embargoes affecting customer markets, including the continuing conflict in Iraq and its potential impact on Middle Eastern markets and global petroleum producers; the health of the petroleum, chemical, power and water industries; economic conditions and the extent of economic growth in areas inside and outside the U.S.; unanticipated difficulties or costs associated with the implementation of systems, including software; the company's relative geographical profitability and its impact on the company's utilization of foreign tax credits; the recognition of significant expenses associated with realigning the company's combined operations with acquired companies; the company's ability to meet the financial covenants and other requirements in the financing agreements; further repercussions from the terrorist attacks of Sept. 11, 2001, the threat of future attacks and the response of the U.S. to those attacks; technological developments in the company's products as compared with those of its competitors; changes in prevailing interest rates and the effective interest costs that the company bears; adverse changes in the regulatory climate and other legal obligations imposed upon the company; and delays in meeting the deadline for the report of management and the independent auditor on the company's internal controls over financial reporting and related certification. Flowserve undertakes no obligation to publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.

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