Galenfeha, through its innovative stored energy solutions,
is rapidly expanding its market share in a collection of vital industries. In
recent weeks, the company has taken tremendous steps toward securing improved
financial results through the announcement of broadened oil and gas industry
penetration, as well as entry into the aviation industry. These announcements
put Galenfeha in a strong strategic position to capitalize on the continued
growth of the stored energy market moving forward.
In June, Galenfeha announced a new partnership with leading
global resources enterprise BHP Billiton. Through this arrangement, the company
will provide its advanced battery systems, including its proprietary
CDMA/satellite asset location and tracking technology, to the global oil and
gas producer.
“This is an incredibly exciting time for our company,”
Lucien Marioneaux, Jr., president and chief executive officer of Galenfeha,
stated in a news release. “The opportunity to assist the highly esteemed,
global powerhouse firm BHP Billiton is an enormous honor.”
A week later, the company built on this progress when it
announced a partnership with Louisiana-based aviation company SkyRunner, LLC.
This agreement followed Galenfeha’s successful development of a customized
proof-of-concept battery designed to start and power critical onboard systems
for use in a new aviation unit. The company’s prototype battery allowed
SkyRunner to effectively reduce battery weight by 66 percent and increase
cold-cranking amperage by over 266 percent, further demonstrating the
versatility and marketability of Galenfeha’s stored energy solutions.
“Galenfeha continually strives to develop relationships with
visionary firms such as SkyRunner,” continued Marioneaux. “We are delighted to
be selected… to develop a safe, lightweight, ultra-reliable power supply system
for [SkyRunner’s] new aircraft.”
Galenfeha’s lithium iron phosphate (LiFePO4) battery is
marketed as a light-weight replacement for traditional lead-acid batteries. In
addition to providing up to 70 percent reduction in battery mass over
conventional lead-acid units, the company’s stored energy offerings deliver up
to 40 percent more usable voltage in power-intensive applications. Although
specifically developed to improve the efficiency of solar power generation
systems, the company has also leveraged its proprietary technology to develop a
sustainable presence in a collection of promising markets.
For prospective shareholders, the company’s recent market
growth could foreshadow an opportunity for considerable returns in the months
to come. Look for Galenfeha to continue building on its progress in expanding
the marketability of its advanced battery technology in the future.
Take a closer look at the company by visiting
www.galenfeha.com
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