October 26, 2011 at 10:42 AM EDT
Puradyn Chairman/CEO Does Live Interview on ChartPoppers.com
BOYNTON BEACH, FL -- (Marketwire) -- 10/26/11 -- Puradyn Filter Technologies Incorporated (OTCBB: PFTI) today announced that a new audio interview with Puradyn Chairman and Chief Executive Officer Joseph V. Vittoria is now available.
The interview can be heard at: ChartPoppers.com/ireports
Puradyn designs and manufactures the puraDYN® bypass oil filtration system, which acts like a dialysis machine for large engines, filtering out both solid and liquid contaminants. It does this by diverting 6-8 gallons per hour, passing through the bypass filter.
As a result, the engine is running on continuously clean oil and any oil additives depleted during the normal course of operating are slowly added back to the oil during the cleaning process through use of a patented time-released additive package.
The product conserves oil and saves money for customers by allowing engine or hydraulic oil to remain continuously clean and, in the case of engine oil, having additives replenished, resulting in safely extending the life of oil for relatively long periods of time.
In the interview, Chairman Vittoria stated, "One recent customer, an oil pipeline operator of large engine power compressors, has been able to extend their overhaul interval up to 10,000 hours or by 25%, which is significant as these large engines can cost upward of $50,000 per engine for an overhaul. This customer has also been able to extend oil drains from 500 to 2,600 hours, so they're saving oil (and money) at the same time."
Chairman Vittoria continued, "We're very excited about our relationship (as a supplier) with John Deere, a respected name in the engine and product categories. For us to be named as a John Deere supplier gives us a great deal of credibility.
"Also, we were very timely in applying for a recently granted patent three years ago in that we jumped ahead of other filter patent applicants who are looking to combine the standard full-flow filter with a bypass filter. We are working with OEMs to use technology from this new patent to create a first-fit/non-retrofit product."
About Puradyn Filter Technologies Incorporated
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, PRESENT SALES MAY NOT BE INDICATIVE OF FUTURE SALES, 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.
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