Dallas – (work wire) – The Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services to the global infrastructure markets, today announced its participation in a new online movie series, under the surfacepresented by the International Water Association and produced by BBC StoryWorks Commercial Productions.
This film series showcases the innovations happening across the world of water, highlighting game-changing technological advances and the ways communities come together to protect this precious resource. From the microscopic to the broad, the stories in this series celebrate the pioneers in the industry and give deeper clarity to the ripple effects of water on the future of our planet.
The Flowserve film tells the story of how Flowserve products and services have enabled a critical component of the Netherlands’ flood management strategy, the Afsluitdijk, and protected millions of people from devastating floods. Viewers can learn more about innovative ways Flowserve teams have designed, manufactured and tested some of the largest screw concrete pumps ever built by Flowserve while meeting the environmental requirements needed to protect the ecosystem where the pumps operate.
“From helping provide fresh drinking water to protecting our communities from flood waters, we understand the importance of conserving and managing this life-sustaining resource,” said Scott Rowe, Flowserve President and CEO. “Enabling Afsluitdijk to protect people in the Netherlands from floods is a very real way we are helping to make the world better together, and we look forward to enhancing our access to the water market through our growth strategy in diversification, decarbonization and digitization.”
“The aim of this series is to show how the water industry is rising to the challenge of building greater security, resilience and stewardship in global water systems through a continuous stream of ground-breaking solutions,” said Simon Shelley, Vice President of BBC StoryWorks Program Partnerships. . “It has been a pleasure telling these stories, and we hope this series will encourage viewers to think more wisely about how we can manage our most valuable resources.”
To learn more about how Flowserve protects the Netherlands, visit https://flowserve.com/en/industries/water/flood-control-system/european-flood-risk-management/. to view full under the surface visit series https://www.bbc.com/storyworks/specials/beneath-the-surface/.
About Flowserve: Flowserve Corp. is a leading global provider of fluid motion control products and services. Operating in more than 55 countries, the company produces engineering 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.
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The forward-looking statements contained in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to many risks and uncertainties that are difficult to predict. These risks and uncertainties could cause actual results to differ materially from what is expected in such forward-looking statements, including, but not limited to, the following: the impact of the global spread of COVID-19 on our business and operations; a portion of our reservations may not lead to completed sales, and our ability to convert reservations into revenue at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our accumulated reports; Our reliance on our clients’ ability to invest the required capital and maintenance expenses; If we are not able to successfully implement and achieve the financial benefits expected from the strategic transformation and reorganization initiatives, our business may be adversely affected; Risks associated with cost overruns in projects with fixed fees and in receiving customer orders for large, complex, custom-made products; The high dependence of our sales on the success of the oil, gas, chemical, power generation and water management industries; The negative impact of volatile raw material prices on our products and operating margins; Economic, political, and other risks associated with our international operations, including military actions, trade embargoes, pandemics, pandemics, changes in tariffs or trade agreements that could affect customer markets, particularly those in North Africa, Russia, the Middle East and global oil and gas producers, and comply with US export/re-export control, foreign corrupt practices laws, economic sanctions and import laws and regulations; Increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; Our exposure to fluctuations in foreign exchange rates, including in countries with high inflation such as Venezuela and Argentina; furnishing products and services for nuclear power plant facilities and other critical operations; the potential negative consequences of litigation to which we are a party, such as litigation involving claims for asbestos-containing materials; Expectations related to acquisitions and mergers of acquired businesses; our relative geographic profitability and the effect on our use of deferred tax assets, including foreign tax credits; The potential adverse effect of a decrease in the carrying amount of goodwill or other intangible assets; our reliance on third party suppliers whose failure to perform in a timely manner may adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and responsibilities; Possible layoffs and other business matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the United States, as well as in foreign countries; obligations under our defined pension plans; Our internal control of the financial reporting may not prevent or detect misstatements due to its inherent limitations, including the potential for human error, circumvention or override of controls, or fraud; Recording an increase in the provision for valuation of deferred tax assets in the future or the effect of tax law changes on such deferred tax assets may affect our operating results; Our IT infrastructure may be subject to service interruptions, data corruption, cyberattacks or network security breaches, which may disrupt our business operations and result in the loss of critical and confidential information; Ineffective internal controls can affect the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
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