Initial Blanket PO Received for Commercial Marine Industry
Boynton Beach, FL, August 8, 2013 – (eTeligis via Accesswire) – Puradyn Filter Technologies, Inc. (PFTI) and MER Equipment, Inc. announced today that they have entered into a first ever exclusive agreement for distribution of the puraDYN[R] Oil Filtration System in the commercial marine industry. The agreement represents potential orders of $2.6 million over the next 3 years and the company confirms that an initial blanket purchase order for $500,000 has been received. This is over and above $70,000 of product purchased to date.
Under the terms of the agreement, MER Equipment (Seattle, WA), a specialist in the marine industry, will distribute the puraDYN[R] System in Washington, Oregon, California, Alaska and Hawaii. MER custom-builds marine generators, hydraulic power units, marine propulsion, and exhaust systems and represents such prestigious brands as John Deere, Isuzu, Kubota, Cummins and Yanmar engines. Established in 1964, MER easily claims one of the largest West Coast inventories of marine equipment and parts.
Kevin G. Kroger, President and Chief Operating Officer of Puradyn Filter Technologies, Inc. stated, “Based on their expertise and reputation in the commercial marine industry, we are extremely pleased to partner with MER as our first exclusive distributor in North America. They have a strong market presence as well as an in-depth knowledge of what the commercial marine industry needs with regards to lube and hydraulic oil cleanliness. They also understand the challenges involved in the handling and proper disposal of the waste oil.
“In addition, MER’s initial up-front investment in product and tooling for this program is a very strong indication of their commitment and dedication in meeting their business plan over the next three years.”
MER Equipment President Bob Allen stated, “After studying a number of bypass filters, we chose the puraDYN[R] System, because of its ability to address all the factors that causes one to change their oil. It is a product we can be proud of to represent, and have confidence in the support we will continue to receive from their team. We are very discriminant of the products we represent, and Puradyn is one of those high quality products. Once our customers are aware of the benefits of this technology, I’m confident we will exceed the goals we have set for this exclusive agreement.”
Kroger concluded, “MER will be a real asset to our distribution network and we look forward to a long and profitable working relationship.”