SOURCE: Galenfeha, Inc.

Galenfeha, Inc.

November 10, 2015 12:06 ET

Galenfeha to Provide Stored Energy Solutions to U.S. Military

FORT WORTH, TX--(Marketwired - Nov 10, 2015) - Galenfeha, Inc. (OTC PINK: GLFH) announced today the receipt of a SupplyCore purchase order to provide the U.S. military with the company's proprietary stored energy systems.

Galenfeha has furnished batteries for military targeting equipment on a limited basis over the past several months. The success of these products has resulted in an initial purchase order for the company's largest computer controlled patent pending batteries.

James Ketner, Galenfeha's founder and Chairman, stated, "We recently sold some of these batteries to the military for preliminary testing purposes. We didn't want to get the investing community too excited by making an announcement before the products had been tested and proven in the field. This order confirms our technology's reliability and performance, as well as what we believe will be a continued and growing future relationship with the U.S. military."

The company disclosed its intentions to introduce stored energy products to potential military clients and other government agencies (as outlined in the 2015 Galenfeha Statement of Work) on the latest disclosures filed with the Securities and Exchange Commission and in earlier press releases.

Galenfeha is currently developing solutions for additional military applications, and will announce these milestones as they occur.

About Galenfeha, Inc.

Galenfeha (GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy solutions with low environmental impact. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for Oil and Gas measurement and automation as well as a full line of proprietary high precision chemical injection systems.

For more information on Galenfeha's products and services, please visit www.galenfeha.com.

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.

Contact Information

  • Contact:
    Galenfeha, Inc.
    Ft. Worth, Texas
    800-280-2404