FOR IMMEDIATE RELEASE:
DATE: May 6, 2019
CONTACT: Kelly Boyer
CONTACT: Alisha Hipwell
Kennametal Signs Multimillion-Dollar Distribution Agreement with Gardner Denver for KennaFlow Valve Seats
• Under the agreement, Gardner Denver becomes an authorized distributor of Kennametal’s innovative, long-lasting seats for hydraulic fracturing operations
• Solid tungsten carbide KennaFlow valve seats deliver up to ten times the life of steel seats–reducing downtime costs and safety risks associated with change-outs
PITTSBURGH & HOUSTON, (May 6, 2019) – Kennametal Inc. (NYSE: KMT), a global leader in material science, tooling and wear-resistant solutions, announced today that it has signed a multimillion-dollar distribution agreement for its KennaFlow valve seats with Gardner Denver, a leading global provider of industrial equipment and related parts and services to oil and gas and other markets. Under the agreement, announced at the Offshore Technology Conference (OTC) in Houston, Texas, Gardner Denver becomes a Kennametal authorized distributor of KennaFlow long-lasting, solid tungsten carbide seats for fracturing pumps.
“We know that downtime in the field is expensive to our customers, so we engineered KennaFlow seats to deliver up to ten times the component life of steel seats,” said Ron Port, Vice President, Kennametal Inc. and President, Infrastructure Business Segment. “It’s game-changing technology, and we’re pleased to partner with Gardner Denver to bring Kennametal innovation to our global customers.”
“At Gardner Denver, we’re in the business of delivering solutions that help solve our customers’ biggest operational challenges,” said Greg Hash, Vice President of Engineering, Gardner Denver Pumps. “Longer wear KennaFlow seats are a huge leap forward in flow technology for fracking, and we’re proud to partner with Kennametal to bring these to the oil and gas market.”
Valves and seats are mission critical components in hydraulic fracturing pumps. As the intensity of frac service increases and the timing between stages decreases, there is growing demand for components that provide superior abrasion resistance and longer life. KennaFlow seats achieve operating life of up to 1100 hours compared to traditional steel seat operating life of approximately 100 hours, reducing expensive downtime due to change-outs. KennaFlow seats feature a full open seat design, improved geometry and optimized dimensions to better meet industry needs.
Kennametal has been serving customers in the upstream oil and gas sector for over 40 years with innovative solutions for downhole tools, drilling components, flow control, metalworking tooling and other surface products.
Editor’s Note: Caption for accompanying photo: Kennametal has signed a distribution agreement with Gardner Denver for KennaFlow valve seats. Solid tungsten carbide KennaFlow seats (shown here) deliver up to ten times the life of steel seats.
With over 80 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 10,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $2.4 billion in revenues in fiscal 2018. Learn more at www.kennametal.com. Follow @Kennametal: Twitter, Instagram, Facebook, LinkedIn and YouTube.
About Gardner Denver
Gardner Denver is a leading global provider of flow control technology, application expertise and support services to a diverse customer base through a family of trusted brands.
Founded more than 150 years ago, we focus on developing engineered solutions to our customers' biggest operational challenges, with an emphasis on providing absolute reliability, increased efficiency and lower energy expenditures wherever possible.
Learn more at GardnerDenver.com.