NOW Inc. Announces Exclusive Global Master Distribution Agreement with Puradyn Filter Technologies, Incorporated
HOUSTON–(BUSINESS WIRE)–#DNOW–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.
Contacts
NOW Inc.
Daniel Molinaro, 281-823-4941