KENT, Wash., June 2 /PRNewswire-FirstCall/ -- Flow International
Corporation (Nasdaq: FLOW), the world's leading developer and manufacturer
of industrial waterjet machines for cutting and cleaning applications,
today announced plans to establish a single facility for designing and
building its advanced waterjet systems, which include large aerospace
systems and robotic waterjet cutting cells.
The Advanced Waterjet Systems Center will be located in Jeffersonville,
Indiana and will be an expansion of Flow's existing facility there. The
facility will include engineering, production, and an interactive customer
demonstration center.
As part of this plan, Flow will close its manufacturing facility in
Burlington, Ontario, Canada. The company's robotic waterjet cells and
slitter systems production will be moved from Burlington to Jeffersonville.
Flow will maintain its Ontario-based sales and technical services team in
order to continue offering local support to its Canadian customers.
"By concentrating our advanced systems development expertise in a
single location, Flow will be able to service our customers more
efficiently and drive the technology forward faster," said Charley Brown,
president and CEO, Flow International. "The establishment of a center of
excellence dedicated to advanced waterjet systems will represent a single
source for all technology development in this field."
About Flow International
Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet cutting technology to
industries including automotive, aerospace, job shop, surface preparation,
and 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, 2007
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 Flow's plans for its
Advanced Waterjet Systems Center and for establishment of a center of
excellence and Flow's plans for closing its manufacturing facility in
Burlington. 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
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Related links:
http://www.flowcorp.com
CONTACT:
Investors, Geoffrey Buscher, +1-253-813-3286,
investors@flowcorp.com, or Media, Lisa Brandli, +1-425-653-1237,
lbrandli@flowcorp.com, both of Flow International Corporation
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