NOW Inc. Announces Exclusive Global Master Distribution Agreement with Puradyn Filter Technologies, Incorporated
HOUSTON--(BUSINESS WIRE)-- Oct. 2, 2017 ‐ 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."
About NOW Inc.
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.
About Puradyn Filter Technologies, Inc.
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.
Source: NOW Inc. via Business Wire