Galenfeha, Inc. (GLFH) Performance and Savings Advantages of Proprietary LiFePO4 Battery Tech Key to Rapidly Growing Distribution Footprint
Hot on the heels of signing an exclusive distributor agreement with 57-year veteran oil and gas production services and equipment supplier, Oil and Gas Equipment, Inc. (which is focused on delivering a soup-to-nuts capability for sector operators in Colorado, New Mexico and Utah), developer of proprietary stored energy solutions and ultra-high precision chemical injection pumps, Galenfeha, Inc. (OTC: GLFH), recently announced that the company is now on track to become the nation’s top consumer of LiFePO4 (lithium iron phosphate) chemistry. Given the continuing downturn in energy prices, oil and gas sector operators are clamoring for ways to shore up efficiency, and whether that comes in the form of the company’s revolutionary SCADA-controlled (pneumatic and solar) chemical injection pump control platform, the iWaV, or the company’s increasingly popular and extremely robust lineup of LiFePO4 batteries, GLFH is seeing mounting market penetration. In the battery arena specifically, this trend now has the company poised to steal the top slot from the only other company in the country with a bigger footprint in this compelling battery chemistry.
This latest distributor agreement announcement follows up on the exclusive distribution deal inked back in August with one of the most trusted names in West Texas oilfield services, Control Equipment, Inc., a deal which greatly expanded GLFH’s throughput in the Permian Basin. Sometime next year, on the strength of continuingly positive sales of oilfield batteries and increased penetration in other markets for the company’s lineup of patent pending, microprocessor controlled LiFePO4 battery systems, such as the NEV (neighborhood electric vehicle) and golf cart markets, Galenfeha will likely become the biggest U.S. manufacturer doing...
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Source: DreamTeamNetwork (Historical News Only as of July 22/16)
(October 20, 2015 - 9:30 AM EDT)
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