Large Power Generator Manufacturer Installing puraDYN Systems; Over $350,000 in 2002, Major Purchases Expected Throughout 2003.Business Editors BOYNTON BEACH Boynton Beach, city (1990 pop. 46,194), Palm Beach co., SE Fla., on the Atlantic coast; inc. 1920. A major suburban area, it is also a beach resort and vegetable-shipping point. , Fla.--(BUSINESS WIRE)--Feb. 4, 2003 puraDYN Filter Technologies Inc. (AMEX AMEX See: American Stock Exchange :PFT PFT abbr. pulmonary function test ), the global bypass oil filtration system provider, announced today that one of the largest manufacturers of medium-size power generators (gen-sets) in the world has elected to install puraDYN(R) systems on their worldwide production of generators. Shipments to this manufacturer in 2002 have exceeded $350,000. Kevin G. Kroger, puraDYN's President and COO, said, "This recent decision to install our systems came after extensive testing which proved that the puraDYN helped this manufacturer safely extend the oil drain intervals to match their required routine maintenance. Our system affords the manufacturer the ability to modify their routine maintenance by increasing the time between oil drains up to fourfold fourfold Adjective 1. having four times as many or as much 2. composed of four parts Adverb by four times as many or as much Adj. 1. , thus assisting the end users in saving money by reducing their purchases of new oil and the cost of disposing waste oil, as well as the reduction of overall maintenance labor. The payback for this particular application was approximately one oil change." Kroger continued, "The 2003 production forecast from this manufacturer showing their requirements for our systems has been received and scheduled for production. In addition, our strategy to emphasize the importance of bypass oil filtration for power generation has recently resulted in upcoming evaluations by other gen-set manufacturers to substantiate the effectiveness of puraDYN systems for their particular applications." About puraDYN Filter Technologies Inc. puraDYN (AMEX:PFT) designs, manufactures and markets the puraDYN(R) By-Pass Oil Filtration System, a unit that continuously cleans lubricating oil; maintains oil viscosity; and safely and dramatically extends oil change intervals and engine life. Effective for internal combustion engines Internal combustion engine A prime mover, the fuel for which is burned within the engine, as contrasted to a steam engine, for example, in which fuel is burned in a separate furnace. , transmissions and hydraulic applications, the patented and proprietary system is a cost-effective and energy conscious solution targeting an annual recurring $13 billion potential market. The Company has established aftermarket programs with several of the transportation industry leaders such as Volvo Trucks Volvo Trucks (sv: Volvo Lastvagnar), a Swedish truck manufacturer, owned by Volvo, is the World's second largest heavy-duty truck brand. Founded in 1927, in 2006 Volvo Trucks employed about 35,000 people around the world. North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Mack Trucks Mack Trucks is one of the world's leading truck-manufacturing companies. It is now a subsidiary of AB Volvo, Volvo Group. The company's headquarters are in Allentown, Pennsylvania, in the Lehigh Valley region of the state. ; and a strategic alliance with Honeywell Consumer Products Group, which markets FRAM (1) (Ferroelectric RAM) See FeRAM. (2) (Ferromagnetic RAM) A non-volatile memory that records microscopic bits on a magnetic surface. See MRAM. FRAM - Ferroelectric Random Access Memory (R) filters. 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. |
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