puraDYN Announces Worldwide Coverage for Patent Combining Full-Flow and Bypass Oil Filtration Systems; New Design Delivers Total Oil Filtration in One Package
BOYNTON BEACH, Fla.--July 28, 2003--puraDYN Filter Technologies Inc. (AMEX:PFT), the global bypass oil filtration system provider, announced today it has received confirmation of worldwide coverage on its patent for an all-in-one full flow/bypass oil filtration system.Long a leader in bypass oil filtration technology, puraDYN(R) now has used its engineering capabilities to develop and offer a single system which incorporates both the full flow filter and the bypass filter.
Kevin G. Kroger, President and COO said: "This system is a technological breakthrough in giving virtually all engines the opportunity to have all-in-one oil filtration. The puraDYN(R) system filters solid contaminants to below one micron when utilizing our CGP(R) replaceable filter elements incorporating our process for chemical grafting, evaporates liquid contaminants, and replenishes additives with puraDYN(R)'s patented additive package."
Kroger continued: "We anticipate great interest from original equipment manufacturers (OEM). Engine OEMs will be able to deliver a single system, mounted to the engine, which can provide simultaneous full-flow and bypass oil filtration. This single system would supply the fine oil filtration puraDYN(R) is known for."
Kroger continued: "The basic system was designed to have the puraDYN(R) bypass oil filter incorporated with the full-flow filter. We will be releasing more details as we get closer to making the system available to the industry."
The TF bypass oil filtration systems have been in production for over 15 years. The newer PFT systems were introduced in 2001.
The puraDYN(R) bypass oil filtration system continuously cleans oil to allow for the safe extension of oil drain intervals using filter element replacements and oil analysis instead of routine oil changes. This in turn offers end users the benefits of up to a 90% reduction in new oil purchases and the cost of waste oil disposal, less downtime and increased engine life.
About puraDYN Filter Technologies Inc.
puraDYN (AMEX:PFT) designs, manufactures and markets the puraDYN(R) Bypass Oil Filtration System, the most effective filtration product on the market today. It continuously cleans lubricating oil and maintains oil viscosity to safely and dramatically 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 $13 billion potential market. The Company has established aftermarket programs with several of the transportation industry leaders such as Volvo Trucks NA, Mack Trucks, PACCAR; a strategic alliance with Honeywell Consumer Products Group, producers of FRAM(R) filtration products; and continues to market to major commercial fleets. puraDYN(R) equipment has been certified as a "Pollution Prevention Technology" by the California Environmental Protection Agency.
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, 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.