LAS VEGAS, Dec. 9, 2014 /PRNewswire/ -- GEO Finance
Corporation (OTC: GEFI) announced today it has received through
Enterprise Asset Management Inc. (EAM) an American based developer
and manufacturer of next generation power systems including its
Tanaris Systems division that develops advanced industrial vehicle
Lithium-Ion batteries, an order to produce a custom evaluation
battery for United Airlines, Inc. ("UA").
The Osprey battery, part of the Tanaris Power battery brand,
will be built and provided to UA for an evaluation period of ninety
(90) days. The evaluation period will not only serve as a
proving ground for the EAM technology, but will also provide enough
time to properly evaluate UA's specific energy requirements, and
allow enough time and opportunity to characterize the battery's
operating profile for UA's needs.
The Osprey battery is intended for evaluation as part of UA's
goal to retrofit its fleet of existing Toyota Ground Support
Equipment (GSE) baggage tractors, from diesel, to electric power.
Tanaris Power's Lithium-Ion batteries are designed and engineered
for industrial vehicle applications, delivering superior
performance, maximum safety, long-term reliability and tremendous
flexibility. Tanaris Power batteries are a cost effective,
energy efficient solution for today's demanding mission critical
industrial vehicle applications.
"Tanaris Power's Osprey battery, is exactly the type of product
that will show what can be achieved using modern Lithium-Ion
battery technology in a demanding industrial vehicle application."
commented Mr. Keasberry, GEFI's CEO. "The cost savings, and
positive environmental impact created by retrofitting higher
emission diesel vehicles to high-output Lithium-Ion powered
electric vehicles is a real game changer. Not only is it
great for the environment, but the conversion to electric power has
a huge long term cost savings to airlines. Airlines will save
dramatically by eliminating significant amounts of their GSE
vehicle fuel requirements and reducing maintenance costs at the
same time. Best of all, these batteries are designed and built
right here in the USA. That's very
exciting."
About Geo Finance Corporation:
Geo Finance Corporation is a Florida entity established to develop and
invest in energy related projects including waste to energy,
geothermal collection fields, natural gas and petroleum production,
alternative energy production and storage. The administrative
office is based in Las Vegas, NV.
Enterprise Asset Management (EAM) is an American based developer
and manufacturer of next generation power systems including its
Tanaris Power brand of advanced industrial vehicle lithium-ion
batteries and power management systems.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the intentions, the
expected timetable for completing any transaction, benefits and
synergies of any transaction, future opportunities for the company,
expectations regarding the value and benefits of any transaction
and any other statements about Geo Finance Corporation's
managements' future expectations, beliefs, goals, plans or
prospects constitute forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and other applicable securities laws. Any statements that are
not statements of historical fact (including statements containing
the words "believes," "plans," "anticipates," "expects," estimates
and similar expressions) should also be considered to be
forward-looking statements. Except as required by applicable law,
Geo Finance Corporation disclaims any intention or obligation to
update any forward-looking statements as a result of developments
occurring after the date of this document.
Contact:
shareholder@geofinancecorp.us
Brian Keasberry, CEO
GeoFinance Corporation
Investor Relations:
ir@geofinancecorp.us
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SOURCE GEO Finance Corporation
