SOURCE: Puradyn Filter Technologies Incorporated

May 05, 2009 05:30 ET

Major Oil Drilling Service Company Takes Steps to Outfit Equipment With puraDYN® Systems

Worldwide Equipment Fleet of 2,700+ Targeted for Retrofit

BOYNTON BEACH, FL--(Marketwire - May 5, 2009) - Puradyn Filter Technologies Incorporated (OTCBB: PFTI) 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 (OTCBB: PFTI) 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.

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