Flowserve, GE Energy form alliance to offer condition monitoring systems

Deal makes GE Energy a preferred supplier for Bently Nevada machinery protection and asset management solutions to Flowserve Pumps. The Bently Nevada products will offer high-technology instrumentation, software and services that provide information to assure the top condition and performance of industrial machinery and other plant equipment assets. Flowserve will be utilizing Bently Nevada technology for on-site and remote diagnostics...

Mar 23rd, 2005

DALLAS, March 15, 2005 -- Flowserve Corp. and GE Energy have formed an alliance making GE Energy a preferred supplier for Bently Nevada® machinery protection and asset management solutions to Flowserve Pumps. The Bently Nevada products will offer high-technology instrumentation, software and services that provide information to assure the top condition and performance of industrial machinery and other plant equipment assets. Flowserve will be utilizing Bently Nevada technology for on-site and remote diagnostics.

This agreement covers Bently Nevada brand transducers (proximity probes, Velomitors® and accelerometers), machinery protection systems (3500 series monitoring systems) and software (System 1® optimization and diagnostic software). These products will be used by Flowserve Pumps and its customers for machinery protection and asset management programs. The agreement is being applied globally for all Flowserve Pumps locations. This alliance enables both companies to more comprehensively meet the needs of customers around the globe by providing a greater degree of service and diagnostic capabilities for equipment.

According to Tom Ferguson, president of Flowserve Pumps, "By sharing these new technologies, this alliance will enable us to better serve our customers' needs for life-cycle cost management service from a single-source supplier. This partnership will provide our customers with leading-edge instrumentation and services, designed to provide outstanding pump protection and continuous monitoring of the condition of pumps."

Richard Chapman, GE Energy's Product General Manager for Bently Nevada Asset
Condition Monitoring, echoed those sentiments, "A significant part of the value we add for customers is through our cooperative relationships with machinery manufacturers," he said.

"This alliance with Flowserve Pumps tangibly benefits our mutual customers by enabling improved pump availability/reliability and lower overall lifecycle costs. Because the Bently Nevada condition monitoring products chosen by Flowserve Pumps are already so widespread in the industries we serve, customers can also look forward to easy integration of the monitoring systems used on their Flowserve equipment with that used on the other assets in their plants."

Flowserve Corp. (www.flowserve.com) is a leading provider of fluid motion and control products and services. Operating in 56 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services.

GE Energy (www.gepower.com) is a leading supplier of power generation and energy delivery technology, with 2004 revenues of $17.3 billion. Based in Atlanta, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, transmission and distribution, distributed power and energy rental industries.
GE Energy's Bently Nevada products and services group assesses and ensures the mechanical and thermodynamic health of industrial machinery of more than 25,000 global customers in the power generation, petrochemical and other industries. Their operations center is in Minden, Nev.

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