GSA Awards puraDYN Five-Year Contract

PuraDYN Filter Technologies Inc. has announced that the federal General Services Administration (GSA) has awarded the company a new five-year contract on the Vehicular Multiple Award Schedule

, New Technologies.
The contract will enable puraDYN to offer bypass oil filtration systems to all levels of state, local and federal government.
The company has added three outside consultants to facilitate this contract award into new business and purchase orders within the federal government. Now working with puraDYN is former Army Undersecretary Joe Reeder, currently with the Greenberg Traurig international law firm; Lt.Gen. (Ret.) John Caldwell, who served as the Army’s top ranking officer for acquisition, logistics and technology when he retired in January 2004; and Roger Ballentine of Green Strategies Inc., former senior member of the White House staff specializing in energy and environmental policy.
Kevin Kroger, president and COO of puraDYN, said, “A number of things have occurred in quick succession over the past few months concerning our dealings with the federal government. Most notably, we received approval of the new GSA contract after successful conclusion of a lengthy review process. The new GSA contract places puraDYN on a schedule that allows easy access to our products, without the usual lengthy bid process, to all federal agencies that purchase vehicles, including construction equipment, medium and heavy trucks, waste disposal vehicles, aerial lift vehicles and fire trucks. Our previous schedule was for maintenance products, which, at the time of the original award (1995) was the only schedule that was appropriate for this type of technology.
Kroger explained the company submitted a "white paper" to the U.S. military outlining the benefits of bypass oil filtration technology, specifically the puraDYN systems. As a result, puraDYN was invited to participate in a demonstration and presentation to top-ranking military officials in January.
“Finally, we reported the preliminary findings by the U.S. Department of Energy of an estimated 80% savings in oil using bypass filtration systems,” said Kroger. “It’s taken awhile for all these elements to position themselves favorably. Engagement of these consultants will provide us with the expertise needed to continue our pursuit of our targeted governmental business.”
The company is currently working with private investors to raise funds, as it has done the last several years. As part of this financing, which will involve issuing unregistered securities, senior management will participate to assist in achieving this goal.
PuraDYN designs, manufactures and markets the puraDYN Bypass Oil Filtration System. It continuously cleans lubricating oil and maintains oil viscosity to extend oil change intervals and engine life. Effective for internal combustion engines, transmissions and hydraulic applications, the company's patented and proprietary system is cost-effective and energy-conscious.
For more information, go to www.puradyn.com.