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puradyn filter technologies (PFTI) Details

Puradyn Filter Technologies Inc. designs, manufactures, distributes, and sells bypass oil filtration systems for use with internal combustion engines and hydraulic equipment that use lubricating oil worldwide. The company offers its products under the Puradyn trademark. Its Puradyn systems clean oil by continually removing solid, liquid, and gaseous contaminants from the oil through a filtration and evaporation process. The company also manufactures disposable replacement filter elements for the Puradyn systems. It serves various industries, including oil and gas services, agricultural, bus, generator, construction, mining, industrial, hydraulic applications, and other users of engines or equipment that utilize up to 50 weight oil for lubrication. The company markets its products directly, as well as through manufacturer's representatives, distributors, or other agents to OEMs, other distributors, and national accounts. Puradyn Filter Technologies Inc. was founded in 1987 and is based in Boynton Beach, Florida.

22 Employees
Last Reported Date: 03/27/14
Founded in 1987

puradyn filter technologies (PFTI) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: --
President, Chief Operating Officer and Direct...
Total Annual Compensation: $186.0K
Chief Administrative Officer, Principal Finan...
Total Annual Compensation: $112.0K
Compensation as of Fiscal Year 2013.

puradyn filter technologies (PFTI) Key Developments

Puradyn Filter Technologies Inc. Announces Unaudited Consolidated Earnings Results for First Quarter Ended Mar. 31, 2014

Puradyn Filter Technologies Inc. announced unaudited consolidated earnings results for first quarter ended Mar. 31, 2014. For the quarter, the company reported net sales of $894,303, loss from operations of $159,369, net loss before loss tax expense of $218,086, net loss of $218,086 compared to the net sales of $574,488, loss from operations of $366,571, net loss before loss tax expense of $416,685, net loss of $416,685 or $0.01 per basic and diluted share for the same quarter a year ago.

Puradyn Filter Technologies Incorporated Receives Initial Order to Supply 750 Systems for Use by U.S. Military

Puradyn Filter Technologies Incorporated has been selected by a large military contractor and producer of military generators to provide bypass oil filtration systems for use on generator sets as part of an award to the contractor by the U.S. Military. This single contract is projected to provide an estimated 750 units for production beginning in late 2014 and extending over a three-year fulfillment period with a total contract value of approximately $300,000. Puradyn will be supplying, through its local distributor, a next-generation product to enhance oil filtration capabilities.

Puradyn Filter Technologies Incorporated Reports Consolidated Financial Results for the Full Year Ended December 31, 2013

Puradyn Filter Technologies Incorporated reported consolidated financial results for the full year ended December 31, 2013. For the full year, the company reported net sales of $2,538,613 compared to net sales of $2,569,499 for the same period a year ago. Loss from operations was $1,317,186 compared to $1,442,459 last year. Net loss was $1,333,292 or $0.03 per basic and diluted share compared to $2,227,473 or $0.05 per basic and diluted share last year. Net sales decreased by 1.2% in 2013 compared to 2012.


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