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, Inc. is a Fort Worth-based engineering, product development, and manufacturing company focused on delivering innovative solutions for oil and natural gas production, as well as stored energy products through its stored energy and oil & gas divisions. The company also has manufacturing and distribution facilities in Shreveport, Louisiana
Demonstrating a strong commitment to transparency and communication, Galenfeha consistently issues news releases keeping shareholders and the broader investment community abreast of corporate progress in developing products that perform better than conventional solutions while reducing environmental impact.
Galenfeha most recently announced the introduction of its iWaV intelligent injection control system at the recent South Texas Oilfield show in San Antonio, Texas. The system is designed to revolutionize the oil and gas chemical injection marketplace.
Comprised of professionals well-familiar with industry challenges, Galenfeha knows that well location chemical maintenance is a costly, labor intensive, and often dangerous necessity. In response, the company’s iWaV system was designed to seamlessly interface with existing SCADA (Supervisory Control and Data Acquistion) infrastructure to completely automate the process on both solar/electric as well as pneumatic driven systems. The new iWaV system allows the operator to regulate all aspects of chemical titration remotely, eliminating travel to well sites.
With state-of-the-art architecture, iWaV is capable of meeting the needs of any size operation. From remote, stand-alone sites, to the comprehensive optimization and management of production controls, the iWaV is fashioned for performance. iWaV is one of several products within Galenfeha’s oil and gas division, where the company offers chemical injection pumps that merge the perceived benefits of a hybrid, electric over pneumatic system. With precision, the company has combined the two parameter control systems to ensure efficiency, reliability, cost management, and profitability to individual well locations as well as entire production fields. The combined technologies have demonstrated increased chemical injection accuracy, reducing chemical contamination in the production process while controlling cost and waste.
Within the last several months, Galenfeha has also released news regarding its stored energy division, through which the company offers one of the most powerful, environmentally friendly battery systems in the market. The batteries have onboard computers, are inherently safe, internally temperature regulated, have optional GPS monitoring capabilities, offer significant weight reduction of up to 50%, and are engineered specifically for each type of application. Features include 100% “green” chemistry, RoHS compliancy, and active short circuit protection control.
In July, the company announced that its stored energy products will be offered through ABB Group, a global leader in power and automation technologies. The news followed Galenfeha’s June announcement that it was chosen as the OEM battery supplier for Louisiana-based Aviation Company SkyRunner, LLC. SkyRunner (www.flyskyrunner.com) tasked Galenfeha’s Shreveport engineering and production facility with developing a proof-of-concept battery to start and power critical onboard systems for use in a new aviation unit. Galenfeha produced prototypes that tested flawlessly, leading to a supplier agreement signed June 13, 2015.
Galenfeha continues to develop products that outperform conventional solutions while minimizing environmental impact. Guided by a management team supported with industry-relevant resources and relationships, Galenfeha has laid solid tracks to expand in both the stored energy and oil & gas industries.
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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.
