Tuesday, May 5, 2009

EXCITING NEWS ON PFTI!

Major Oil Drilling Service Company Takes Steps to Outfit Equipment With puraDYN(R) Systems

Worldwide Equipment Fleet of 2,700+ Targeted for Retrofit

BOYNTON BEACH, FL--(MARKET WIRE)--May 5, 2009 -- Puradyn Filter Technologies Incorporated (OTC BB:PFTI.OB - News) today announced the start of a program that will outfit puraDYN® bypass oil filtration systems on engines operating on a leading oil drilling service company's drilling platforms. The majority of the targeted equipment will require Puradyn's largest oil filtration system, the 240 model, suitable for major applications handling up to 75 gallons of engine oil. A good number of these engines hold more than 200 gallons of oil and will require three or more of the 240 model. Initial orders totaling over $200,000 have already been received and will begin shipping in mid-May 2009.
This new customer is one of the largest drilling contractors in the world, operating land drilling and offshore rigs in over 30 countries. The program will begin immediately and depending on logistics, will continue through 2009. Ultimately, this program represents over 2,700 pieces of equipment worldwide that are appropriate for installation.
Kevin G. Kroger, President and COO, Puradyn, said, "The amount of oil needed to operate and maintain equipment of this sort through normal maintenance can run into millions of dollars in new oil purchases and waste oil disposal costs. The commitment this company has made to change the normal routine will not only save millions of dollars, but will significantly reduce its carbon footprint. As a corporation, it has made a conscious decision to do its part to help reduce environmental waste."
Kroger continued, "In difficult economic times, maintaining status quo with maintenance programs is a formula for failure. It takes a proactive and forward thinking company to be willing to change old routines and step outside the box to look for ways to reduce operating expenses. Companies that implement a comprehensive maintenance policy will begin to gain significant advantages over the competition and at the same time provide benefits to the environment."
Kroger concluded, "The advantage the puraDYN oil filtration system brings to this customer is microfiltration technology. It is designed to keep engine oil continuously clean and will significantly reduce new oil purchases and the costs associated with used oil disposal. Virtually all of this company's engines are in remote locations which only amplify the difficulties and cost associated with reaching and servicing this equipment."
About Puradyn Filter Technologies Incorporated
Puradyn (OTC BB:PFTI.OB - News) designs, manufactures and markets the puraDYN® Oil Filtration System, the most effective bypass oil filtration product on the market today. It continuously cleans lubricating oil and maintains oil viscosity to safely and significantly extend oil change intervals and engine life. Effective for internal combustion engines, transmissions and hydraulic applications, the Company's patented and proprietary system is a cost-effective and energy-conscious solution targeting an annual $15 billion potential industry. puraDYN® equipment was selected as the manufacturer used by the US Department of Energy in a three-year evaluation to research and analyze the performance, benefits and cost analysis of bypass oil filtration technology.
STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, INCLUDING BUT NOT LIMITED TO THE POSSIBLE INABILITY TO RAISE CAPITAL FUNDS, LACK OF PROTECTION FROM INTELLECTUAL PROPERTY, VULNERABILITY BECAUSE OF MANUFACTURING A LIMITED NUMBER OF PRODUCTS, DEPENDENCE ON DISTRIBUTORS, ORDERS PREVIOUSLY STATED IN THIS PRESS RELEASE MAY NOT MATERIALIZE, AND THE POSSIBILITY THAT THE PRODUCTS DO NOT MEET CUSTOMERS' NEEDS, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.
Contact:
Kathryn MorrisDirector, Corporate Communications(T) 561 547 9499, x 226investor-relations@puradyn.comhttp://www.puradyn.com

EMC has a October 1, 2008 agreement with Puradyn, Inc. ("PFTI") to provide various services to PFTI for a twelve (12) month period. The agreement may be renewed for additional six (12) month periods ("Renewal Term"), unless EMC or PFTI provide written notice of termination to the other party. The terms of the agreement provide that PFTI will pay EMC the following compensation for its services: The sum of 300,000 rule 144 shares and 175,000 cashless warrants at a strike price of $0.75 and 175,000 warrants with a strike price of $1.25.to date 300,000 rule 144 shares and 350,000 warrants has been paid to EMC have been paid to EMC.

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