NOW Inc. Announces Exclusive Global Master Distribution Agreement with Puradyn Filter Technologies, Incorporated
October 02 2017 - 6:45AM
Business Wire
NOW Inc.’s (NYSE:DNOW) U.S. subsidiary DNOW L.P. is proud to
announce its Exclusive Global Master Distribution Agreement with
Puradyn Filter Technologies, Incorporated (OTCQB: PFTI) for the Oil
and Gas Industry. DistributionNOW will distribute and service
Puradyn bypass oil filtration products in the oil and gas,
industrial and manufacturing services industries.
Robert Workman, President and CEO of NOW Inc., remarked, “In
today’s market environment, customers around the world are seeking
solutions to assist with reducing operating expenses. DNOW’s
partnership with Puradyn offers customers a proven environmentally
friendly solution that significantly extends the life cycle of
engines and safely extends oil drain intervals. Puradyn technology
is one of many value-added solutions that DNOW brings to our
Upstream, Midstream, & Downstream customers to deliver value
and pure savings to their bottom line.”
Puradyn President and COO, Kevin Kroger, said, “We are proud to
see this relationship has developed into the next level of support
for our mutual customers. DNOW brings with this agreement a
commitment to put their customers priority one, the logistics,
product inventory, and global footprint to provide unsurpassed
worldwide support, availability and service of the Puradyn Product.
Our partnership with DNOW represents an expansion of affordable
cost-saving measures presented to the oil and gas services
industry.”
NOW Inc. is one of the largest distributors to energy and
industrial markets on a worldwide basis, with a legacy of over 150
years. NOW Inc. operates primarily under the DistributionNOW and
Wilson Export brands. Through its network of approximately 300
locations and 4,600 employees worldwide, NOW Inc. offers a
comprehensive line of products and solutions for the upstream,
midstream and downstream energy and industrial sectors. Our
locations provide products and solutions to exploration and
production companies, energy transportation companies, refineries,
chemical companies, utilities, manufacturers and engineering and
construction companies.
Puradyn Filter Technologies, Incorporated 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 and
proprietary solutions deliver rapid return on investment by
reducing oil consumption, maintenance, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171002005221/en/
NOW Inc.Daniel Molinaro, 281-823-4941
DNOW (NYSE:DNOW)
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