BEDFORD, Texas, Dec. 3, 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, is pleased to announce another successful field
operations result regarding the Company's proprietary,
satellite/CDMA based, geo-location asset tracking system.
Galenfeha's new system first proved itself on 11/10/2014, as a
battery equipped with the asset tracking system was stolen from a
natural gas location in East
Texas, and subsequently recovered. The system proved
operational viability yet again on 12/1/2014, when a battery with
the system onboard was stolen from a natural gas location in the
Longview, TX region, where theft
is both prevalent and costly. 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 this virtual perimeter, set by the client, the system sends
notification to the user via text message and e-mail, and begins
actively tracking the asset. Once again, Galenfeha's tracking
system allowed the end user company and Galenfeha staff to alert
local authorities, providing detailed, geo-triangulated directions
to the home where the asset was recovered.
Galenfeha has been developing a private label, unique, user
interface driven, asset tracking system that is internally
integrated within the Company's line of LiFePO4 battery
systems. This system operates as a Cloud driven database to
collect and collate individual client information, then uses unique
ESN numeric identifiers to reference each client's specific asset
performance and inventory. The system 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. The system also offers real-time battery
performance.
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 and
automation, as well as a full line of proprietary 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
800-280-2404
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.
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SOURCE Galenfeha, Inc.
