KENT, Wash., June 2 /PRNewswire-FirstCall/ -- Flow InternationalCorporation (Nasdaq: FLOW), the world's leading developer and manufacturer ofindustrial waterjet machines for cutting and cleaning applications, todayannounced plans to establish a single facility for designing and building itsadvanced waterjet systems, which include large aerospace systems and roboticwaterjet cutting cells.
The Advanced Waterjet Systems Center will be located in Jeffersonville,Indiana and will be an expansion of Flow's existing facility there. Thefacility will include engineering, production, and an interactive customerdemonstration center.
As part of this plan, Flow will close its manufacturing facility inBurlington, Ontario, Canada. The company's robotic waterjet cells and slittersystems production will be moved from Burlington to Jeffersonville. Flow willmaintain its Ontario-based sales and technical services team in order tocontinue offering local support to its Canadian customers.
'By concentrating our advanced systems development expertise in a singlelocation, Flow will be able to service our customers more efficiently anddrive the technology forward faster,' said Charley Brown, president and CEO,Flow International. 'The establishment of a center of excellence dedicated toadvanced waterjet systems will represent a single source for all technologydevelopment in this field.'
About Flow International
Flow International Corporation is the world's leading developer andmanufacturer of ultrahigh-pressure waterjet cutting technology to industriesincluding automotive, aerospace, job shop, surface preparation, and more. Formore information, visit http://www.flowcorp.com.
This press release contains forward-looking statements relating to futureevents or future financial performance that involve risks and uncertainties.The words 'believe,' 'expect,' 'intend,' 'anticipate,' variations of suchwords, and similar expressions identify forward-looking statements but theirabsence does not mean that the statement is not forward-looking. Thesestatements are only predictions and actual results could differ materiallyfrom those anticipated in these statements based on a number of risk factors,including those set forth in the April 30, 2007 Flow International CorporationForm 10-K Report filed with the Securities and Exchange Commission.Forward-looking statements in this press release include, without limitation,statements regarding Flow's plans for its Advanced Waterjet Systems Center andfor establishment of a center of excellence and Flow's plans for closing itsmanufacturing facility in Burlington. Readers are cautioned not to place unduereliance on these forward-looking statements that speak only as of the date ofthis 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
