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Last $0.17 USD
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As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

puradyn filter technologies (PFTI) Snapshot

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52 Week High
08/11/14 - $0.33
52 Week Low
12/31/14 - $0.15
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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.

21 Employees
Last Reported Date: 03/31/15
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
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $112.0K
Compensation as of Fiscal Year 2013.

puradyn filter technologies (PFTI) Key Developments

Puradyn Filter Technologies Inc. Reports Audited Earnings Results for the Full Year Ended December 31, 2014

Puradyn Filter Technologies Inc. reported audited earnings results for the full year ended December 31, 2014. For the year, net sales were $3,112,636 against $2,538,613 a year ago. Loss from operations was $905,729 against $1,317,186 a year ago. Net loss was $1,156,860 against $1,333,292 a year ago. Basic and diluted loss per common share was $0.02 against $0.03 a year ago.

Puradyn Filter Technologies Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Puradyn Filter Technologies Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company recorded net sales were $829,402 compared to $564,294 for the same period a year ago. Net sales rose 47% principally due to increased purchases by three customers as well as an OEM, a major distributor, and initial new distributor demand. Approximately 57% of third quarter net sales represent replacement filter elements, with the balance representing new filtration systems and filtration application kits. Loss from operations was $217,238 compared to $315,216 for the same period a year ago. Loss before income taxes was $282,073 compared to $234,861 for the same period a year ago. Net loss was $282,073 or $0.01 per basic and diluted share compared to $234,861 or $0.00 per basic and diluted share for the same period a year ago. The third quarter 2013 period benefitted from $136,000 of other income from a one-time payment of a legal judgment by a third party. For the nine months, the company reported net sales were $2,496,584 compared to $1,739,172 for the same period a year ago. Loss from operations was $565,823 compared to $1,112,225 for the same period a year ago. Loss before income taxes was $751,676 compared to $1,125,762 for the same period a year ago. Net loss was $751,676 or $0.02 per basic and diluted share compared to $1,125,762 or $0.02 per basic and diluted share for the same period a year ago.

Puradyn Filter Technologies Incorporated Introduces Two Next-Generation Bypass Oil Filtration Products

Puradyn Filter Technologies Incorporated announced the launch of two new products in its high-efficiency bypass oil filtration product line: Millennium Technology System (MTS) operates within a closed lubricating system, removing, as do all the Puradyn products, solid contaminant down to below one micron while safely extending the equipment oil's useful life. However, the MTS technology eliminates the legacy product's electric evaporation plate, bringing the product into compliance with all new emission standards. The MTS also offers the added benefits of reduced mechanical complexity and a smaller profile for a simpler, faster, and lower cost installation. The MTS can be used on all engine types and configurations using any fuel type, including natural gas and biofuels. Puradyn's Polydry(TM) filter element has been specifically designed for use with the MTS. MTS product line photo. Polydry(TM), patented replacement filter element, is a vital part of the new MTS family of product, incorporating polymer-based technology formulated specifically to remove water contamination occurring naturally through condensation and the combustion process of engine oil and hydraulic systems. In short, the water-removal process is now accomplished by the Polydry(TM) filter instead of an electrical evaporation plate. The Polydry(TM) filter is also available with Puradyn's proprietary processes for chemical grafting, CGP(R), for effective soot-removal, and time-released additive replenishment, both proven critical to high-efficiency filtration.


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