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
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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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