Flowserve Limitorque Launches the MT Series of Bevel Gear Operators

Product line optimized to deliver reliable performance in power industry valve applications

DALLAS - September 29, 2005 - Flowserve Corp., a global provider of fluid motion and control products and services, announces the launch of the Limitorque Actuation Systems MT series of bevel gear operators. The MT series operators are optimized to deliver reliable performance in power industry valve applications.

Designed as a superior combination of a bevel gear operator torque housing with a new thrust base design, the MT series is ideally suited for torque-seated valve applications and applications involving elevated process temperatures. MT series bevel gears and thrust base housings are made of ductile iron.

The MT series features robust thrust bearings and drive sleeve/stem nut design. These combine to offer the most rugged bevel gear operator available for handling the seating and unseating forces of high-pressure gate and globe valves found in power plants around the world. The MT operator stem nut is shouldered in the drive sleeve to capture thrust forces within the thrust housing without transferring those forces to the torque housing.

Available in torque ranges to 8,000 ft-lb and thrust ranges to 325,000 lb., the MT series provides high efficiency and strong design for every application. When motorized by the Limitorque MX, SMB or L120 series electric actuators, the MT series offers flexibility for a wide range of valve opening and closing times.

"With the MT series, Flowserve once again leads the market with its product offerings for the power industry," says Earnest Carey, manager, product management, Flowserve Flow Control, Limitorque Actuation Systems. "Backed by our unsurpassed sales and service support, the MT series is further evidence of Flowserve's unwavering commitment to deliver the technology needed for reliable power plant valve operation today and in the years to come."

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 its financing agreements; further repercussions from the terrorist attacks of Sept. 11, 2001, the threat of future attacks and the response of the US 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; 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; the possibility of continuing delays in filing its periodic public reports; the possibility of adverse consequences of governmental tax audits of company tax returns, including a pending IRS audit of the company's US tax returns for the years 1999-2001; and the company's ability to convert bookings, which are not subject to nor computed in accordance with generally accepted accounting principles, into revenues with profit margins, since such profit margins cannot be assured nor be necessarily assumed to follow historical trends. Flowserve undertakes no obligation to, but may choose to, publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.

Technical Contact: Earnest Carey, manager, product management, by phone at (434) 522-4107 or by e-mail at ecarey@flowserve.com

Media Contact: David Abels, senior account executive, +1 (919) 960-9794 ext. 22 david@koroberi.com

Flowserve Safe Harbor Statement