KENT, Wash., Aug. 6 /PRNewswire-FirstCall/ -- Flow International
Corporation (Nasdaq: FLOW), the world's leading developer and manufacturer of
industrial waterjet machines for cutting and cleaning applications announced
that it has received purchase orders for four systems under the recently
awarded contract to exclusively supply Airbus with Composite Machining Center
(CMC) abrasive waterjet and routing machine tool systems to support the
production of its upcoming A-350XWB.
The purchase orders were for a CMC to machine the keel beam section in
Nantes, France, a CMC to machine the cockpit section 11 and 12 in Meaulte,
France, a CMC to machine forward fuselage panels section 13 and 14 in
Nordenham, Germany, and a CMC to machine forward fuselage panel section 19 in
Illescas, Spain. The total value of the four purchase orders exceeds $13
million in revenue and is now in Flow's backlog. These purchase orders
represent a portion of the total Airbus contract that is expected to exceed
$30 million. It is expected that the balance of machines for the contract
will enter into backlog by late summer 2008. All systems under the contract
are expected to be built and installed over the next one to two years.
About Flow International
Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet technology for cutting and
cleaning. Flow provides state-of-the-art ultrahigh-pressure (UHP) technology
to numerous industries including automotive, aerospace, job shop, surface
preparation, food and dozens more. For more information, visit
http://www.flowcorp.com.
This press release contains forward-looking statements relating to future
events or future financial performance that involve risks and uncertainties.
The words 'believe,' 'expect,' 'intend,' 'anticipate,' variations of such
words, and similar expressions identify forward-looking statements but their
absence does not mean that the statement is not forward-looking. These
statements are only predictions and actual results could differ materially
from those anticipated in these statements based on a number of risk factors,
including those set forth in the April 30, 2008 Flow International
Corporation Form 10-K Report filed with the Securities and Exchange
Commission. Forward-looking statements in this press release include, without
limitation, statements regarding the placement of future purchase orders.
Readers are cautioned not to place undue reliance on these forward-looking
statements that speak only as of the date of this announcement.
Contact:
Flow Investor Relations Flow Media Relations
Geoffrey Buscher Lisa Brandli
253-813-3286 425-653-1237
investors@flowcorp.com lbrandli@flowcorp.com
SOURCE Flow International Corporation
