December 3, 2022

Tyna Woods

Technology does the job

Flowserve Announces Partnership With Gradiant to Speed up Growth in the Drinking water Engineering Current market

DALLAS, March 24, 2022–(Business WIRE)–Flowserve Corporation (NYSE: FLS), a leading company of flow regulate products and products and services for the worldwide infrastructure markets, introduced nowadays it has entered into a non-unique partnership arrangement with Gradiant to support deal with the most difficult problems in h2o and wastewater treatment method.

Flowserve has more than two hundreds of years of experience serving the global drinking water marketplace, offering lower upkeep, electricity effective pumps, valves, seals and products and services to each the municipal and industrial drinking water sectors. This partnership will mix Flowserve’s move manage options and product knowledge with Gradiant’s modern tailor-made drinking water treatment technological innovation to offer unparalleled full h2o cure answers for our customers. Flowserve also proceeds to up grade its drinking water portfolio with market foremost move management merchandise and remedies for the water industry. Modern additions contain the H2O+ submersible pump, a suite of really efficient pumps for desalination, as nicely as our RedRaven IoT platform, which boosts our general solutions portfolio and aftermarket expert services.

“As we even more diversify, decarbonize and digitize to generate growth and keep on to support our customers, this partnership is a tangible way we’re advancing our offerings in new geographies, new marketing applications and new technological innovation synergies,” stated Scott Rowe, Flowserve president and chief govt officer. “This new partnership with Gradiant not only strengthens Flowserve’s commitment and providing to the h2o market place, but it also supports our sustainable enhancement goals to make the globe better for everybody.”

Gradiant develops and delivers sophisticated drinking water and wastewater procedure facilities all around the environment, with a main focus in the fast expanding Asia Pacific and Americas for clients with mission-crucial requires in cleantech water and sustainable operations. The corporation presents a broad portfolio of proprietary and patented systems and products and services that target on water reuse, useful resource recovery, brine concentration for minimal and zero liquid discharge (MLD / ZLD), and digital answers for plant effectiveness optimization. Gradiant features versatile types for the structure-construct, run-keep, and funding of assignments based mostly on customers’ specific wants and predicaments.

“Working with a world movement regulate leader like Flowserve gives us access to a wider assortment of market for our complete options,” mentioned Anurag Bajpayee, Gradiant co-founder and CEO. “This collaboration lets far more fast adoption of Gradiant’s cleantech water alternatives into new marketplace segments, leveraging Gradiant’s established project delivery methods and system skills with Flowserve’s distribution access.”

About Flowserve:

Flowserve Corp. is just one of the world’s top providers of fluid movement and manage solutions and companies. Working in additional than 50 nations, the company provides engineered and industrial pumps, seals and valves as properly as a vary of associated flow administration solutions. More info about Flowserve can be received by checking out the company’s web-site at www.flowserve.com.

About Gradiant:

Gradiant is a world alternatives service provider and developer of cleantech drinking water initiatives for superior water and wastewater therapy. Gradiant’s conclusion-to-conclude options and know-how experience enable sustainable and price-efficient cure of the world’s most crucial drinking water challenges. Nowadays, with in excess of 400 employees, Gradiant operates from its corporate headquarters in Boston, regional headquarters and world R&D center in Singapore, and workplaces across ten nations. At Gradiant, we produce New Opportunities for H2o for our purchasers and the communities they serve to make sure a safer and additional promising tomorrow. For more data, make sure you check out www.gradiant.com.

Harmless Harbor Statement: This information release contains forward-seeking statements inside the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Trade Act of 1934, which are built pursuant to the harmless harbor provisions of the Personal Securities Litigation Reform Act of 1995, as amended. Text or phrases these types of as, “might,” “should really,” “expects,” “could,” “intends,” “ideas,” “anticipates,” “estimates,” “believes,” “forecasts,” “predicts” or other comparable expressions are supposed to establish ahead-seeking statements, which include things like, without limitation, earnings forecasts, statements relating to our company system and statements of expectations, beliefs, future strategies and procedures and anticipated developments regarding our field, business, functions and economic functionality and affliction.

The forward-hunting statements integrated in this news launch are dependent on our current anticipations, projections, estimates and assumptions. These statements are only predictions, not ensures. This sort of ahead-seeking statements are issue to a lot of risks and uncertainties that are challenging to forecast. These challenges and uncertainties might bring about actual benefits to differ materially from what is forecast in these forward-looking statements, and involve, with no limitation, the following: the influence of the international outbreak of COVID-19 on our business and functions a portion of our bookings may perhaps not direct to completed revenue, and our ability to transform bookings into revenues at suitable revenue margins modifications in global economic ailments and the potential for unanticipated cancellations or delays of buyer orders in our documented backlog our dependence on our customers’ capability to make essential capital investment decision and maintenance expenses if we are not able to efficiently execute and realize the anticipated economic positive aspects from our strategic transformation and realignment initiatives, our business could be adversely impacted dangers connected with cost overruns on fixed-price projects and in using purchaser orders for large complicated custom made engineered goods the substantial dependence of our product sales on the achievement of the oil and gasoline, chemical, power era and drinking water administration industries the adverse effect of unstable uncooked materials selling prices on our goods and functioning margins economic, political and other risks involved with our intercontinental functions, like armed forces actions, trade embargoes, epidemics or pandemics or alterations to tariffs or trade agreements that could affect client markets, specially North African, Russian and Center Eastern markets and world wide oil and gas producers, and non-compliance with U.S. export/re-export manage, international corrupt practice guidelines, economic sanctions and import guidelines and restrictions amplified getting older and slower collection of rece
ivables, particularly in Latin The usa and other rising markets our publicity to fluctuations in foreign forex trade prices, which includes in hyperinflationary countries these kinds of as Venezuela and Argentina our furnishing of goods and services to nuclear electric power plant facilities and other critical procedures probable adverse consequences ensuing from litigation to which we are a bash, this sort of as litigation involving asbestos-made up of material statements expectations about acquisitions and the integration of acquired businesses our relative geographical profitability and its impression on our utilization of deferred tax assets, which include international tax credits the potential adverse impression of an impairment in the carrying price of goodwill or other intangible property our dependence on 3rd-occasion suppliers whose failure to complete well timed could adversely impact our enterprise operations the extremely aggressive mother nature of the marketplaces in which we work environmental compliance expenses and liabilities prospective function stoppages and other labor issues accessibility to general public and non-public resources of credit card debt funding our incapacity to guard our intellectual house in the U.S., as properly as in foreign international locations obligations less than our described reward pension designs our inner handle more than fiscal reporting may not stop or detect misstatements since of its inherent limitations, such as the probability of human error, the circumvention or overriding of controls, or fraud the recording of amplified deferred tax asset valuation allowances in the long term or the impression of tax regulation alterations on these deferred tax assets could impact our operating results our facts technological innovation infrastructure could be issue to company interruptions, details corruption, cyber-based mostly assaults or network safety breaches, which could disrupt our business operations and consequence in the decline of important and private details ineffective interior controls could affect the accuracy and timely reporting of our business and economical final results and other components explained from time to time in our filings with the Securities and Trade Fee.

All forward-seeking statements incorporated in this news launch are primarily based on information available to us on the date hereof, and we suppose no obligation to update any ahead-hunting statement.

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Contacts

Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer (972) 443-6560
Mike Mullin, Director, Trader Relations (972) 443-6636

Media Get in touch with:
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