Lucien Marioneaux, Jr., Galenfeha President/CEO stated, "We are very excited about our breakthrough to DoD customers over the past 10 months, enhancing the capabilities of our armed forces in the defense of our country. The U.S. DoD market holds massive potential for us, and we are prepared to assist the U.S. Department of Defense to 'go green.'"
The company disclosed its intentions to introduce stored energy products to potential Department of Defense clients and other government agencies (as outlined in the 2015 Galenfeha Statement of Work) on the latest disclosures filed with the Securities and Exchange Commission and in earlier press releases.
Galenfeha is currently developing solutions for additional military applications, and will announce these milestones as they occur.
About Galenfeha, Inc.
Galenfeha (OTC:GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy solutions with low environmental impact. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for Oil and Gas measurement and automation as well as a full line of proprietary high precision chemical injection systems. The company also provides stored energy solutions for U.S. military applications.
For more information on Galenfeha's products and services, please visit www.galenfeha.com.
Ft. Worth, TX
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.