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Flowserve Gestra is the global leader in the design and production of valves and control systems for heat and process fluid control. Flowserve Gestra offers a full line of steam solutions for all commerical and industrial applications where steam is generated, distributed, or used.

• Flowserve Gestra Steam Traps and Steam Trap Testing

Louisville, KY March 9, 2003: Flowserve Gestra, supplier of steam trap solutions for the flow control industry, and member company of Flowserve Corporation (NYSE:FLS), announces that its installation of MK Series Zero Steam Loss Traps in a Midwestern petroleum additives company has received the Energy Efficiency Program Award from the American Chemistry Council.

As part of its ongoing efforts to improve the environment and the economy, the American Chemistry Council (ACC) honored 10 companies for energy efficiency improvements made in 2001. According to a press release issued by Greg Lebedev, President and CEO of the ACC, the business of chemistry is energy intensive, relying on petrochemical energy to power its operations and as a raw material to manufacture many of its products. Energy costs can be as high as 85 per cent of total production costs for some products. "The Energy Efficiency Awards publicly recognize efficiency efforts of our members that not only reduce greenhouse gases and other emissions, but also add appreciably to each company's bottom line," said Lebedev.

The zero steam loss trap program was designed to replace thermodynamic (TD) steam traps. TD style traps typically use 2 to 4 lbs of steam per hour under normal operating conditions in addition to the significant BTU loss during opening and closing functions. The MK Series Zero Steam Loss traps employ a thermostatic membrane technology to sense temperature differences between steam and condensate rather than using steam energy to operate its internal control. This results in less steam loss and significant energy savings.

By switching to the Flowserve Gestra steam trap technology, the petroleum additives plant has seen a significant reduction in energy costs during the last 18 months with savings of over 718,000 lbs of steam, which equates to a total cost savings of $630,000.

"News of the Energy Efficiency Program Award validates Flowserve's ongoing efforts to offer its customers cost-effective and energy-saving flow control products and services such as the MK Series Steam Trap," said John Jacko, vice-president of marketing and customer management for Flowserve.