Tuesday, June 23, 2015

Galenfeha, Inc. (GLFH) Enters Aviation Industry with SkyRunner Supply Agreement

Galenfeha (OTC:GLFH), a design and engineering firm with a focus on the oil and gas industry, today announced it was selected to be the OEM battery supplier for Louisiana-based Aviation Company SkyRunner, LLC, following successful prototype testing.

SkyRunner fuses off-road engineering with aviation technology to create a new generation of PowerSports utility vehicle designed to evoke an “unforgettable driving experience.” Per the agreement, Galenfeha’s Shreveport engineering and production facility will develop for SkyRunner a proof of concept battery to start and power critical onboard systems for use in a new aviation unit.

“Galenfeha continually strives to develop relationships with visionary firms such as SkyRunner,” Galenfeha president and CEO Lucien Marioneaux, Jr. stated in the news release. “We are delighted to be selected by Stewart Hamel and his team to develop a safe, lightweight, ultra-reliable power supply system for the company’s new aircraft. SkyRunner is a local, Louisiana-based company that promotes research and development as well as new jobs in our area. This commitment to the community parallels our goals as a company.”

As a utility vehicle, SkyRunner offers a cost effective ground/aerial patrol and recon platform for a potential market that includes Department of Defense, border security, disaster response, search and rescue, large landowners and outdoor enthusiasts. Initial interest in this product has resulted in 170 represented orders to date.

The company will showcase the new vehicle at the 2015 EAA AirVenture in Oshkosh, Wisconsin (July 20-26, 2015), an event that annually attracts over 500,000 spectators and aviation enthusiasts, offering tremendous exposure opportunity for both Galenfeha and Skyrunner.

“SkyRunner is excited to align itself with such a distinguished and innovative partner as Galenfeha,” said Stewart Hamel, CEO and founder of SkyRunner. “People will experience their world in a way they never thought possible. It’s innovative companies like Galenfeha that contribute to heart of our mission… reliability, performance and operational redundancy. In aviation, reducing weight is a very high priority. Galenfeha has reduced SkyRunner’s battery weight by 66% (14 lbs), increased its cold cranking amps by over 266%, and advanced our operational redundancies.”

Derek Simmons, director of R&D, explained how Galenfeha’s expertise in battery technology adds value to SkyRunner.

“The battery Brian and his team at Galenfeha engineered and brought to life for us is superior to anything on the market. At SkyRunner we produce cutting-edge vehicles that inspire individuals to experience the world. Galenfeha has helped make our vehicle safer and more reliable. Our civilian customers will be able to go further and our soldiers will better accomplish their missions. The microprocessor has so many built in safety features the vehicle is truly pushing the limits of innovation. Through the Galenfeha power supply, we can guarantee our customers, a sure start every time and increased safety,” he said.

For more information, visit www.galenfeha.com

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