BEDFORD, Texas, Nov. 13, 2014 /PRNewswire/ -- Galenfeha, Inc.
(OTCBB: GLFH), an engineering and mechanical design firm with a
focus on the oil and gas measurement, automation, and production
industry, announces the successful proving of its proprietary,
satellite/CDMA based, geo-location asset tracking system.
For the last six months, Galenfeha has been developing a private
label, unique, user interface driven, real-time performance and
asset tracking system that is internally integrated within the
Company's line of LiFePO4 battery systems. The system not
only communicates the current battery performance, but also
operates as a Cloud driven database to collect and collate
individual client information, and uses unique ESN numeric
identifiers to reference each client's specific asset performance
and inventory. The system then utilizes a combination of CDMA
technologies coupled with satellite geo-location referencing to
accurately monitor and track the battery system in the event of
theft. This feature, functioning as an integrated component
within the battery product, was a specific engineering request from
several of Galenfeha's valued oil and gas clients. The
Company is pleased to offer unparalleled engineering
maneuverability, and effectively answered our customers'
request.
The system successfully proved itself on 11/10/2014, when a
battery with the asset tracking system was stolen from a natural
gas location in East Texas. The Galenfeha server system
features unique user access for individual clients and provides the
ability to generate a "geo-fence." In the event of a breach
of the virtual perimeter that is set by the client, the system
sends alerts via text message as well as e-mail notification to the
user, and begins actively tracking the asset. This particular
instance allowed for the mid-stream pipeline company to immediately
alert local authorities to the event, as well as provide detailed
directions to the perpetrator's home, where he was arrested without
incident and the asset was recovered.
James Ketner, President and Chief
Executive Officer of Galenfeha stated, "The theft of batteries and
equipment from oil and gas locations around the United States is, and has been, an ongoing
issue. Our system provides our clients with a two-fold
benefit of not only recovering the asset, but also helping to deter
theft. These products assist clients by reducing
interruptions of flow measurement equipment and critical day to day
location services, which in turn helps increase operational
efficiency."
About Galenfeha, Inc.
Galenfeha, Inc. is an engineering services and product
development/manufacturing company serving the oil, gas, and energy
industries. The company is continually researching and developing
new products to aid energy producers in reducing costs, increasing
efficiency, and reducing global pollution. Galenfeha products
include a complete line of patent pending, microprocessor
controlled, LiFePO4 chemistry battery systems for measurement,
automation, and chemical injection systems.
For more information on Galenfeha's products and services,
please visit www.galenfeha.com.
Contact:
LaNell Armour
Director
Galenfeha, Inc.
larmour@galenfeha.com
773-879-6384
Forward-Looking Statements: Except for historical information
contained in this release, the matters discussed are
forward-looking statements that involve risks and uncertainties.
When used in this release, words such as "anticipate," "believes,"
"estimate," "expect," "should," "intend," "projects," "objective,"
and "appears," and similar expressions, as they relate to the
Company or its management, identify forward-looking statements.
Such forward-looking statements are based on the beliefs of the
Company's management, as well as assumptions made by and
information currently available to the Company's management. Among
the factors that could cause actual results to differ materially
are the following: the effect of business and economic conditions;
the impact of competitive products and pricing; capacity and supply
constraints or difficulties; product development,
commercialization, or technological difficulties; the regulatory
and trade environment; the impact of reimbursement rates and
coverage; and the risk factors reported from time to time in the
Company's SEC reports. The Company undertakes no obligation to
revise any forward-looking statements as a result of future events
or developments.
SOURCE Galenfeha, Inc.
