Flowserve Expands Educational Service Capabilities in Partnership With Texas-Based Lamar University

Rhea-AI Summary

Flowserve Corporation (NYSE: FLS) has launched a new Learning Resource Center at Lamar University in Beaumont, Texas. This center aims to enhance customer engagement and provide students with hands-on experience with Flowserve's innovative flow control products. Certified trainers will conduct product demonstrations and simulations, offering participants the chance to earn professional development credits. This initiative strengthens Flowserve's connection with customers, particularly in the Gulf Coast region of Texas and Louisiana.

Positive

• Launch of the Learning Resource Center enhances customer engagement and training opportunities.
• Hands-on experiences with innovative products may improve customer satisfaction and loyalty.
• Potential for earning professional development credits may attract more participants.

Negative

• None.

DALLAS--(BUSINESS WIRE)-- Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today the opening of a new Learning Resource Center (LRC) on the Lamar University campus in Beaumont, Texas. The new LRC will provide Flowserve customers and Lamar University students with the opportunity to engage with Flowserve’s innovative products and technology through hands-on, lab-based learning experiences.

Flowserve’s dedicated team of certified trainers will facilitate product demonstrations and simulations, as well as leverage other training tools, to deepen participants’ understanding of Flowserve’s flow control systems. Based on the level of training, participants may be eligible to receive professional development or educational credits following completion.

“We are excited about partnering with Lamar University and the mutual opportunities this relationship will bring,” said Lamar Duhon, president, aftermarket services and solutions. “The Learning Resource Center will help us better connect with and support our customers, especially those in the Gulf Coast region of Texas and Louisiana, while furthering the education and development of Lamar University’s future innovators.”

To learn more about Flowserve’s educational services, visit Flowserve.com at www.flowserve.com/en/services/service-capabilities/education-training/about-educational-services/.

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 Web site at www.flowserve.com.

About Lamar University: With more than 100 degree options and home to more than 17,000 students, Lamar University is among the fastest growing Texas colleges and universities. LU also is a member of The Texas State University System, which is the first higher education system of Texas and maintains the lowest average tuition and fees of any university system in Texas.

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. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this news 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 numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice 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 currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact 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.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220719005210/en/

Investor Contacts:

Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560

Mike Mullin, Director, Investor Relations, (214) 697-8568



Media Contact:

Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644

Source: Flowserve Corporation

FAQ

When did Flowserve Corporation open its Learning Resource Center?

Flowserve Corporation opened its Learning Resource Center on July 19, 2022.

What is the purpose of Flowserve's Learning Resource Center?

The Learning Resource Center aims to provide hands-on training and engagement with Flowserve's innovative flow control products.

Where is Flowserve's Learning Resource Center located?

It is located at Lamar University in Beaumont, Texas.

What are the benefits of attending the Learning Resource Center?

Participants may engage with Flowserve products and earn professional development or educational credits.

How does the Learning Resource Center help Flowserve customers?

It strengthens Flowserve's connection with customers in the Gulf Coast region, enhancing their understanding of flow control systems.