News | December 3, 2014

Galenfeha Asset Tracking System Marks Another Field Success

Bedford, TX /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.

Copyright 2014 PR Newswire. All Rights Reserved