FT. WORTH, Texas, March 31, 2015 /PRNewswire/ -- Galenfeha,
Inc., (OTCBB: GLFH) announced today the launch of a revolutionary
new intelligent chemical injection control system, the iWaV.
The iWaV is a state-of-the-art, supervisor control and data
acquisition (SCADA) system, created specifically for the control of
chemical injection pumps. The computer-controlled, highly
reliable iWaV system is designed to meet the needs of any size
operation, from remote stand-alone sites, to the comprehensive
optimization and management of production controls.
In order to operate more efficiently while easing environmental
impact, Oil and Gas producers are actively seeking innovative
solutions for reducing chemicals and increasing accuracy in
production. While previous chemical injection methods operate
similarly to the drip gas fuel delivery techniques of the early
automotive industry; Galenfeha's new iWaV system is comparable to
today's state-of-the-art computer controlled fuel injection
systems.
The iWaV's SCADA system allows two-way communications with
pumps; and the unique, user friendly interface allows complete
control of the entire system. This new product line lessens
the costs associated with monitoring and controlling locations
through the duration of the pumping cycle, resulting in more
efficient and cost effective well site management.
James Ketner, Galenfeha's
President and Chief Executive Officer stated, "Although we have
seen a reduction in exploration rig count over the last 6 months,
production levels are remaining the same. This tells us that
U.S. efficiency is on the rise. Shale producers have asked us
to help them cut costs, and this latest addition to our product
line helps meet these goals. We are happy to be directly
assisting producers reduce costs while increasing production
efficiency levels."
Galenfeha is committed to providing new solutions to aid energy
producers in reducing costs, increasing efficiency and reducing
global pollution.
The chemical injection market share approaches $1 billion annually in the United States and North America alone. Galenfeha markets,
services, and sells the individual and complete systems via direct
sales as well as established relationships with local and national
distribution partners such as Fleaux Services of Louisiana, LLC.
About Galenfeha, Inc.
Galenfeha (OTCBB: GLFH) is a design, engineering, and
manufacturing firm with a focus on stored energy and a conscious
pursuit of low environmental impact product development.
Galenfeha also proudly designs, manufactures and markets a complete
line of patent pending, microprocessor controlled, LiFePO4
chemistry battery systems, 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 Information
Brian Nallin
President/Stored Energy
Galenfeha, Inc.
bnallin@galenfeha.com
318-525-5155
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.
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SOURCE Galenfeha, Inc.