KENT, Wash., June 25 /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 that Airbus has awarded Flow all of its multi-million
dollar contract to manufacture and install multiple Composite Machining
Center (CMC) abrasive waterjet and routing machine tool systems. These
machines will be built and installed over the next 18 to 24 months for use
in manufacturing the new Airbus A350 XWB (Xtra Wide-Body) aircraft.
Airbus, which already has several Flow waterjet systems in production,
awarded the entire order to Flow based on the company's long history and
demonstrated leadership developing and supporting abrasive waterjet cutting
systems for major composites programs.
Airbus will use Flow's CMC waterjet systems throughout all its plants
across Europe to cut and trim the wings, fuselage, wing spars, keel beam,
and other parts on the A350 XWB, which is Airbus' response to market demand
for a medium capacity long range wide-body family. The A350 XWB is an
efficient structure because of a design concept that uses more than 60
percent new materials in the aircraft's airframe, all chosen for their
superior weight and strength properties. Flow's waterjets lead the industry
in cutting these state-of-the-art carbon-fiber materials.
"Waterjets have become the standard for meeting the aerospace
industry's production requirements, and Flow is uniquely positioned to
serve this segment through our deep experience and innovative technology,"
said Charley Brown, president and CEO, Flow International. "We are pleased
Airbus selected Flow as the only provider of waterjet Composite Machining
Centers and that our technology was chosen over other traditional and
non-traditional machining processes for use on the A350 XWB. Engineering
and manufacturing for these products will take place in our recently
announced Advanced Systems Technology and Manufacturing Center which is an
expansion of our Jeffersonville, Indiana facility."
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, 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 the timing of
installation of the systems, the systems' use in manufacturing the A350 and
Flow's position serving this segment. 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:
investor relations, Geoffrey Buscher,
+1-253-813-3286, investors@flowcorp.com, or media relations, Lisa
Brandli, +1-425-653-1237, lbrandli@flowcorp.com, both of Flow
International Corporation
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