Flowserve Receives Contract for Singapore Desalination Plant

Thursday, 1 September 2011, 06:00 HKT/SGT

DALLAS, TX, Sept 1, 2011 - (ACN Newswire) - Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced a contract from Hyflux Ltd. to provide energy recovery devices for the Tuaspring Desalination Plant in Singapore.

Under the agreement, Flowserve will manufacture 68 CALDER Dual Work Exchange Energy Recovery (DWEERTM) units used in the yet-to-be constructed plant to recover energy from the high-pressure brine stream of the seawater reverse osmosis process. When operational, the DWEER units are designed to achieve an efficiency of greater than 95 percent and help reduce the energy demands for the membrane feed pumps by up to 60 percent.

"Flowserve was selected for this project because of our position as a leader in the growing desalination industry, the low total cost of ownership of the CALDER DWEER technology and the strong working relationship we developed with Hyflux during Singapore's first desalination project," said Tom Ferguson, president, Flowserve Flow Solutions Group. "The global demand for fresh water continues to increase. We are excited that Flowserve technology can help reduce energy consumption and allow our customers to more efficiently produce clean drinking water."

Booked in the third quarter of 2011, this is the second major order for Flowserve DWEER units from Hyflux in the last year. In August 2010, Flowserve announced an order for DWEER energy recovery systems for the Salalah Independent Water and Power Plant (Salalah IWPP) in Oman.

Through its CALDER brand of products and technologies, Flowserve specializes 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, including energy recover turbines, which can recover as much as 90 percent of the hydraulic energy remaining in the brine stream. CALDER energy recovery technology is designed to capture and reuse waste energy in the desalination process, lowering both the net energy consumption and the cost per unit of water.

About Hyflux Ltd

Based in Singapore, Hyflux is a leading, fully integrated water solutions company with operations and projects in Singapore, Southeast Asia, China, India and the Middle East and North Africa regions. For more information, please visit www.hyflux.com.

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 website at www.flowserve.com.

Investor Contact:
Mike Mullin
Director, Investor Relations
+1-972-443-6636

Media Contact:
Steve Boone
Director, Global Communications and Public Affairs
+1-972-443-6644

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.

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.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Flowserve Corporation via Thomson Reuters ONE

Copyright (c) Thomson Reuters 2011. All rights reserved.

Topic: Contract Awarded Sectors: Water
https://www.acnnewswire.com
From the Asia Corporate News Network