SOURCE: Puradyn Filter Technologies Incorporated

Puradyn Filter Technologies Incorporated

May 19, 2015 09:43 ET

Scandrill Standardizes Rig Fleet on Puradyn® Engine Oil Filtration Systems; Achieves Five-Fold Increase in Oil Drain Intervals to 5,000 Hours

HOUSTON, TX and BOYNTON BEACH, FL--(Marketwired - May 19, 2015) - Scandrill, Inc. and Puradyn Filter Technologies Incorporated (OTCQB: PFTI) announced today that the Houston and Tyler, Texas-based drilling contractor, Scandrill, Inc., has standardized on puraDYN patented oil filtration systems for all engines in its 17-rig fleet. Scandrill's recently christened state-of-the-art Scan Vision Rig was designed with the puraDYN System installed as part of the total package for their rig power.

Scandrill President and COO, Paul Mosvold, said, "Scandrill is committed to work safely and protecting our environment, and Puradyn provides a product that helps with those commitments, especially the environment. All of our rigs have incorporated the puraDYN System and because of it, we have been able to safely extend our oil drain intervals. Our new maintenance practices, with the help of the puraDYN Systems, allow extension of oil drain intervals to 5,000 hours from our previous practice of 1,000 hours. This reduces oil drains to virtually once per year, saving operating costs, and reducing the amount of waste oil generation. With the new Scan Vision Rig, as with all our rigs, we are focused on constantly improving our operating efficiency including improvements to maintenance, which this product assists. It's a win-win for our customers, the environment, and Scandrill."

Puradyn President and COO, Kevin Kroger, said, "Puradyn is proud to be a supplier to such a forward-thinking company. Their commitment to constant improvement and openness to accept advanced technology speaks volumes for Scandrill, now as well as in the future. Paul and his TEAM were very quick to accept the concept of engine oil bypass filtration, and have adopted their maintenance procedures to reflect the improvements in efficiency, productivity, and savings this concept brings to their business. We look forward to continuing our working relationship with Paul and his TEAM."

About Scandrill, Inc. (www.scandrill.com)
Since 1977, SCANDRILL, Inc. has provided land contract drilling services to independent and major oil and gas explorations companies in the Ark-La-Tex and Permian Basin. By fostering a culture of safety and learning, SCANDRILL has been able to reduce human error, lower turnover and decrease nonproductive time (NPT) throughout their fleet of 17 rigs.

About Puradyn Filter Technologies (www.puradyn.com)
Puradyn designs, manufactures and markets puraDYN® Oil Filtration Systems, the most effective bypass oil filtration products available for internal combustion engines, transmissions and hydraulic applications. Puradyn systems continuously clean lubricating oil and replenish base additives to maintain oil viscosity to safely and significantly extend oil change intervals and engine life. Puradyn's patented, environmentally-conscious solutions deliver rapid return on investment by reducing oil consumption, maintenance and overhaul costs and engine downtime, while also protecting high-value engine assets. Puradyn filtration systems have been deployed on thousands of engines around the world, with principal applications in oil and gas drilling, pipeline compressors, generators, frac pump units, marine engines, mining and construction vehicles, semi-trucks and buses and hydraulic systems.

Safe Harbor for Forward-Looking Statements:
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 our history of losses and uncertainty that we will be able to continue as a going concern, our ability to generate net sales in an amount to pay our operating expenses, our need for additional financing and uncertainties related to our ability to obtain these funds, our reliance on sales to a limited number of customers, our dependence on a limited number of distributors, our ability to compete, our ability to protect our intellectual property, and the application of penny stock rules to the trading in our stock, among others 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 risk factors include but are not limited to those detailed in the company's periodic filings with the SEC. Puradyn disclaims any responsibility to update any of the forward looking statements contained in this release.

Contact Information

  • Company Contact:
    Puradyn Filter Technologies, Inc.
    Kathryn Morris
    866 PURADYN (787 2396) or 561 547 9499
    Email Contact

    Investor Contact
    Catalyst Global
    Chris Eddy / David Collins
    212 924 9800
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