puraDYN Bypass Oil Filtration Distributor Awarded $650,000 Open Purchase Order by Miami-Dade County
BOYNTON BEACH, Fla.--Oct. 7, 2004--| Award Permits Purchases of New Systems and Replacement Filters for Miami-Dade Equipment |
puraDYN Filter Technologies Incorporated (AMEX:PFT) announced today that Hydraulic Sales & Service, a Miami-based distributor of puraDYN(R) products, has been awarded a blanket open purchase order allowing up to $650,000 for the purchase, installation and service of puraDYN(R) systems by Miami-Dade County. The open order is valid for a period of one year.
Fred Orig, Sales Manager of Hydraulic Sales & Service, said, "Miami-Dade County has been using the puraDYN(R) systems for a number of years and this purchase order means we will be able to keep Miami-Dade County well-supplied and serviced over the coming year."
Orig continued, "As a distributor for puraDYN since 2003, we have had considerable success in marketing, installing and servicing the puraDYN(R) line of products, especially now with the cost of oil hitting record highs on an almost daily basis. Payback on the puraDYN(R) systems usually runs about one year or less on the over-the-road equipment used by Miami-Dade."
Richard C. Ford, CEO of puraDYN, said, "This blanket purchase order demonstrates the ongoing demand for our filtration systems in Miami-Dade County. We know Hydraulic Sales & Service will be able to meet and service the needs of the County over the next year as it sells and installs the bypass oil filtration systems for various pieces of their equipment.
"The total number of puraDYN(R) systems currently installed on Miami-Dade County equipment now stands at over 2,000. This blanket open order will cover the purchase of approximately 1,000 systems in addition to replacement filters for their existing puraDYN(R) systems."
The puraDYN(R) bypass oil filtration systems work with the full flow filter to reduce solid contaminants in engine oil to below one micron with the use of its patent-pending CGP(R) filter element; to evaporate harmful gaseous contaminants; and to replenish the base additives so as to maintain the proper total base number (TBN) and viscosity of the oil. By maintaining continuously clean oil, oil drain intervals are significantly and safely extended thus reducing new oil purchases and waste oil disposal costs.
About puraDYN Filter Technologies Incorporated
puraDYN (AMEX:PFT) designs, manufactures and markets the puraDYN 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 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 operating in an annual $13 billion potential industry. 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 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, 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.