Flowserve Receives Orders Totaling More Than $3 Million For CALDER Energy Recovery Products and Technologies For Three Seawater Desalination Projects In Spain

Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced it has received three orders for energy recovery devices for seawater reverse osmosis desalination projects in Spain, including the Campo de Dalais project, which will utilize its CALDER Dual Work Exchanger Energy Recovery (DWEER) units.

The other two additional orders are for energy recovery turbines and a retrofit of an existing DWEER installation. The combined value of the three orders for these projects total more than 2.2 million Euros (3 million USD) and represent more than 100,000 cubic meters (25 million gallons) of daily desalination capacity.

"We are pleased with how global desalination customers have responded to our acquisition of CALDER desalination products and technologies, which gives us increased confidence in the strong growth potential of these new Flowserve products,” said Lewis Kling, Flowserve President and Chief Executive Officer.

The orders were booked in the second quarter of this year.

"Throughout the world, population growth and urbanization are creating the need for fresh water in areas where demand exceeds supply. Flowserve recently acquired CALDER energy recovery products and technology for global desalination projects to compliment our existing flow management products, and to help countries around the world meet their growing water needs through desalination,” added Kling "As we continue to work hard to expand our market share in the water industry, we look forward to not only providing the energy recovery devices needed for a more energy efficient desalination process, but also our total integrated desalination flow control system including pumps, valves and seals. We will also support this desalination market through Flowserve’s extensive Quick Response Center (QRC) network and hundreds of sales support team members worldwide.”

Spain is the largest desalination market in the Mediterranean region, which has experienced water shortages. Other Mediterranean countries are similarly investing in desalination technology.

Flowserve’s CALDER products and technologies specialize in the design, engineering and supply of energy recovery equipment and related proprietary technologies for the reverse osmosis process used in desalination plants around the world. CALDER’s energy-recovery technology is designed to capture and reuse waste energy in the desalination process, lowering net energy consumption and improving overall process efficiency.

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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