Flowserve Booked Multi-Million Dollar Valve Order From Korea Hydro & Nuclear Power

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it booked, in the second quarter of 2009, a multi-million dollar order from Korea Hydro & Nuclear Power Co. Ltd (KHNP) for main steam and main feedwater isolation valves.

The valves will be used at KHNP’s Shin-Kori 3 and 4 nuclear plant’s Pressurized Water Reactors (PWRs), which are currently under construction and scheduled for commercial operation in 2013 and 2014, respectively. Shin-Kori 3 and 4 represent the first two reactors built to KHNP’s new APR-1400 reactor design.

"This order is a direct result of Flowserve’s 20-year relationship with KHNP, and our long history of providing solutions to the nuclear power industry,” said Mark Blinn, Flowserve President and Chief Executive Officer. "We are proud to play such an important role in the production of clean, emissions-free energy in South Korea and around the world.”

"Flowserve’s expertise and global presence allow us to meet our customers’ needs in the critical nuclear power industry,” said Tom Pajonas, President, Flowserve Flow Control Division. "Our dedication to the manufacture and long-term service of these valves are important aspects of our strategy.”

PWR nuclear power technology involves heating de-mineralized water in the reactor core. This hot, high pressure water is pumped through a steam generator to produce a continuous supply of steam for driving electricity generating turbines. The cooled demineralized water then returns to the reactor core in a continuous cycle.

Flowserve main steam isolation valves (MSIVs) and feedwater isolation valves play an important role in emergency nuclear power plant shut downs by preventing the reactor from losing its protective cooling water.

About Korea Hydro & Nuclear Power Co. Ltd

KHNP is the largest among the six power generating subsidiaries in Korea that separated from Korea Electric Power Corporation (KEPCO) in April 2001, accounting for approximately 25 percent of electricity producing facilities, hydro and nuclear combined. KHNP also operates nuclear power plants in Kori, Yonggwang, Ulchin and Wolsong, Korea, and several hydroelectric power generation facilities in the Hangang system, providing approximately 40 percent of Korean power supply.

About Flowserve Corp.

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.

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