QualityStocks would like to highlight
Galenfeha, Inc. (
OTC: GLFH), an engineering, product development, and manufacturing company that provides innovative solutions for oil and natural gas production, as well as stored energy products across a number of different industries. The company provides these products and services through its stored energy and oil & gas division.
In the company’s news,
Galenfeha has a dual focus on battery technologies and chemical injection pump systems for the oil and gas sector. The company currently maintains a strong presence in the stored energy sector, where GLFH has been providing the burgeoning golf cart and NEV (neighborhood electric vehicle) market with a battery that enhances one of the major growth factors for the industry, the eco-friendly features such short-range EVs offer, via their Lithium iron Phosphate (LiFePO4) battery. The company’s 40AH and “powerhouse” 120AH 12V LiFePO4 batteries represent a sea-change in an industry that has been dominated by lead-acid batteries for decades. These units provide a light weight replacement to existing batteries and come equipped with an advanced proprietary BMS (battery management system), which closely monitors temperature and other operating parameters, while protecting the cells from overcharge.
By being compatible with stock OEM charging systems and yet providing a 70 percent lighter battery, with improved physical maintenance and re-charge management characteristics, Galenfeha’s design has helped heighten the environmentally-friendly draw of the platform itself considerably. Making golf carts and NEVs even more appealing to the core real estate, hotel and golf course segments of the roughly $524 million domestic market (IBISWorld) for such vehicles. Revenue growth for the golf cart/NEV market is forecast to handsomely outpace U.S. GDP growth over the next five years at an annualized rate of 4.3 percent and Transparency Market Research’s analysis out last month indicates that during this same time period, the global market for NEVs will also accelerate.
Galenfeha’s batteries require no water, no gas is built up during use (as with lead-acid batteries), the unit confers a 25% demand reduction to the motor, and the company’s proprietary BMS is designed specifically for this platform, allowing 10 percent lower discharge rates during dormancy and eliminating the risk of sulfation (which occurs when a lead-acid battery isn’t at full charge), or the state-of-charge degradation commonly experienced after the end of the golf season when units get stowed away. The company’s LiFePo4 batteries reinforce Galenfeha’s commitment to delivering product development, engineering and manufacturing solutions that are both economical and environmentally friendly, bringing the kind of robust voltage and current throughputs which are vital to today’s state-of-the-art golf carts and NEVs. These units offer up to a 40 percent increase to the amount of directly usable and stable voltage in testing under the performance curve typical of demanding 18-hole Echelon level, classic Rees Jones-design golf courses. Such courses draw on the inspiration of both historical Scottish courses like St. Andrews and the legendary masterworks of American course design, representing a challenging continuous work load for carts that must traverse them.
Shortly after Galenfeha’s acquisition of Daylight Pump, LLC late last month, the company announced they are migrating production of Daylight’s revolutionary cost-saving and environmental impact-delimiting chemical injection pump system for the oil and gas industry, the iWaV, to the company’s own manufacturing and distribution facility in Shreveport, Louisiana. This intelligent and innovative SCADA (supervisor control and data acquisition) chemical injection pump system is perfect for any size of operation, from remote stand-alone wildcats, to big operators with multiple sites, providing full-spectrum management and optimization of production controls through an easy to use interface, while also allowing for reduced chemical usage through significantly increased delivery accuracy.
The iWaV is a computer-controlled system that allows for two-way SCADA communication with the pumps, allowing operators to vary the chemical injection rate, remotely monitor chemical flow (optional in-line flow meter) and tank levels, as well as fully customize controls to meet their specific needs. This is a paradigm shift away from existing chemical injection package methods and further opens up the growing global chemical injection pump market, which is being driven in the oil and gas industry by increased demand for tighter water and waste water treatment (among other factors), to Galenfeha.
The global chemical injection pump market is estimated as growing to around $4.1 billion by 2017 according to recent analysis by Research and Markets, experiencing a 5.3 percent CAGR as companies not only move to increase their overall logistical capacity, but move to make increased investments in modernizing infrastructure as well. With a U.S. chemical injection market running at around $1 billion, spurred on by continued development of abundant domestic shale reserves, Galenfeha’s new iWaV system, one of the most accurate chemical injection pumps available in the oil and gas sector today, will no doubt see increasing demand from domestic producers seeking to increase their injection accuracy, reduce cost and waste, and also significantly reduce overall site contamination in the process.
With WTI crude currently trading back up over $59 a barrel ($66 for Brent), the iWaV will likely continue to find abundant consumers both at home and abroad, and this new system adds mightily to Galenfeha’s already established presence in the market via their innovative DLP-P Pneumatic Chemical Injection Pump and DLP-S Solar Powered Chemical Injection Pump systems. The DLP-P for instance, which combines the rate precision of the company’s proprietary solar powered digital control system, with the robustness of a pneumatic pump, allows for on-board stroke and rate control accuracy that delivers plunger size-specific rates ranging from only a few pints a day, to over 60 gallons a day, all without the need to manually adjust a needle valve or turn a bolt.
The DLP-S is similarly innovative, utilizing UHMW (ultra-high-molecular-weight polyethylene) seal technology that eliminates the guess work of trying to match seal type with chemical type. The system is also designed from the ground up to isolate chemicals from the motor housing, while also allowing easy access to the fluid end and pump housing, making installation and maintenance of this endurance-built pump much easier than existing solutions.
Galenfeha continues to be at the forefront of design and manufacturing in their stored energy division, as well as their oil and gas division, offering sector operators solutions that not only reduce cost, but reduce environmental impact.
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This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
