Post by ferryfast admin on Mar 3, 2006 23:07:25 GMT -5
KENT, Wash., Feb. 23 /PRNewswire-FirstCall/ -- Flow International
Corporation (Nasdaq: FLOW), a supplier of ultrahigh-pressure waterjet
products, today announced it has been awarded a second multi-million dollar
contract to manufacture and install a multi-axis Composite Machining Center
(CMC), abrasive waterjet and routing machine tool system for Airbus UK's use
on the recently launched Airbus A350 program. Flow was awarded its first
multi-million dollar contract with Airbus UK in December 2005.
Under this latest contract, Airbus UK's Filton plant will use this Flow
waterjet system to machine composite spars for the wing structures of the A350
when the system is delivered in approximately 12 months. Under the prior
contract, Flow's waterjet system will machine the wing structures. Within
Airbus, the UK is responsible for design and manufacture of the wings and fuel
systems -- a role it will continue to play in the all-new Airbus A350
aircraft, of which approximately 60 percent will be comprised of advanced
materials.
The use of waterjet cutting of composite materials provides many distinct
benefits. Waterjets are a clean non-contact cutting and trimming technology
that allows the use of flexible, programmable tooling, in lieu of expensive
hard tooling for each individual part. As a result, this system dramatically
reduces set up time and saves money. Waterjets eliminate the potential for
the delamination of composite materials, which can occur with conventional
cutting techniques.
About Flow International
Flow International Corporation is the developer and manufacturer of
ultrahigh-pressure waterjet cutting technology to industries including
automotive, aerospace, job shop, surface preparation, and more. For more
information, visit 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 "will," "will be," "when," "is," and 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
a prediction and actual results could differ materially based on a number of
risk factors, including those set forth in the April 30, 2005 Flow
International Corporation Form 10-K/A Report, as amended, filed with the
Securities and Exchange Commission. Forward-looking statements in this press
release include, without limitation, that Airbus UK's Filton plant will use
Flow waterjet systems to machine composite spars and wing structures, that the
system will be delivered in approximately 12 months, and that the UK will be
responsible for the design and manufacture of wings and fuel systems for the
A-350 aircraft. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date of this
announcement. The Company is under no obligation, and does not intend, to
update any of the forward-looking statements in this press release.
Contact: John Leness
General Counsel
253-850-3500
Michael Ruppenthal
VP Marketing and Product Management
253-850-3500
mruppenthal@flowcorp.com
SOURCE Flow International Corporation
Web Site: www.flowcorp.com
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Note: Applications here to fast ferry shipbuilding
Corporation (Nasdaq: FLOW), a supplier of ultrahigh-pressure waterjet
products, today announced it has been awarded a second multi-million dollar
contract to manufacture and install a multi-axis Composite Machining Center
(CMC), abrasive waterjet and routing machine tool system for Airbus UK's use
on the recently launched Airbus A350 program. Flow was awarded its first
multi-million dollar contract with Airbus UK in December 2005.
Under this latest contract, Airbus UK's Filton plant will use this Flow
waterjet system to machine composite spars for the wing structures of the A350
when the system is delivered in approximately 12 months. Under the prior
contract, Flow's waterjet system will machine the wing structures. Within
Airbus, the UK is responsible for design and manufacture of the wings and fuel
systems -- a role it will continue to play in the all-new Airbus A350
aircraft, of which approximately 60 percent will be comprised of advanced
materials.
The use of waterjet cutting of composite materials provides many distinct
benefits. Waterjets are a clean non-contact cutting and trimming technology
that allows the use of flexible, programmable tooling, in lieu of expensive
hard tooling for each individual part. As a result, this system dramatically
reduces set up time and saves money. Waterjets eliminate the potential for
the delamination of composite materials, which can occur with conventional
cutting techniques.
About Flow International
Flow International Corporation is the developer and manufacturer of
ultrahigh-pressure waterjet cutting technology to industries including
automotive, aerospace, job shop, surface preparation, and more. For more
information, visit 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 "will," "will be," "when," "is," and 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
a prediction and actual results could differ materially based on a number of
risk factors, including those set forth in the April 30, 2005 Flow
International Corporation Form 10-K/A Report, as amended, filed with the
Securities and Exchange Commission. Forward-looking statements in this press
release include, without limitation, that Airbus UK's Filton plant will use
Flow waterjet systems to machine composite spars and wing structures, that the
system will be delivered in approximately 12 months, and that the UK will be
responsible for the design and manufacture of wings and fuel systems for the
A-350 aircraft. Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date of this
announcement. The Company is under no obligation, and does not intend, to
update any of the forward-looking statements in this press release.
Contact: John Leness
General Counsel
253-850-3500
Michael Ruppenthal
VP Marketing and Product Management
253-850-3500
mruppenthal@flowcorp.com
SOURCE Flow International Corporation
Web Site: www.flowcorp.com
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Note: Applications here to fast ferry shipbuilding