Flowserve Expands Presence in the Solar Power Generation Market

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it has received several orders worth more than $31.5 million USD from the solar power industry.

The orders, which include boiler feed water, condensate, cooling water, hot thermal-transfer fluid (HTF) and molten salt pumps for solar thermal power plants of both power tower and parabolic mirror designs, were primarily booked in previous quarters in 2009.

"Concentrated solar power is an important opportunity for Flowserve, since providing pumping solutions for the alternative energy industry is a key ingredient in our global strategic growth plan,” said Lewis Kling, Flowserve President and Chief Executive Officer. "We believe these orders strengthen our position in the growing renewable energy industry, while supporting the ecological and sustainability efforts of our customers.”

The Flowserve pumps will be used at plants employing two different concentrated solar power (CSP) designs. Parabolic mirror plants use mirrors to concentrate the sun’s energy onto receivers positioned at the focal point of each mirror. The power tower design incorporates many large, sun-tracking mirrors (called heliostats) to focus sunlight on a receiver at the top of a centrally located tower. In both designs, transfer fluid is heated and used to create steam, which is then supplied to drive the plant’s turbine to generate electricity.

"We believe that Flowserve has excellent technology and engineering expertise to deliver complete pumping solutions for both CSP plant designs,” said Tom Ferguson, Flowserve Pump Division President. "Offering pumps designed to maximize productivity in CSP plants accompanied by a global network of aftermarket service centers, Flowserve is actively bidding on solar thermal power plant projects around the world."

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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