GEO Finance Corp (OTC: GEFI) Gears Up To Provide First Set Of Evaluation Batteries For United Airlines

LAS VEGAS, Dec. 9, 2014 /PRNewswire/ -- GEO Finance Corporation (OTC: GEFI) announced today it has received through Enterprise Asset Management Inc. (EAM) an American based developer and manufacturer of next generation power systems including its Tanaris Systems division that develops advanced industrial vehicle Lithium-Ion batteries, an order to produce a custom evaluation battery for United Airlines, Inc. ("UA").

The Osprey battery, part of the Tanaris Power battery brand, will be built and provided to UA for an evaluation period of ninety (90) days. The evaluation period will not only serve as a proving ground for the EAM technology, but will also provide enough time to properly evaluate UA's specific energy requirements, and allow enough time and opportunity to characterize the battery's operating profile for UA's needs.

The Osprey battery is intended for evaluation as part of UA's goal to retrofit its fleet of existing Toyota Ground Support Equipment (GSE) baggage tractors, from diesel, to electric power. Tanaris Power's Lithium-Ion batteries are designed and engineered for industrial vehicle applications, delivering superior performance, maximum safety, long-term reliability and tremendous flexibility.  Tanaris Power batteries are a cost effective, energy efficient solution for today's demanding mission critical industrial vehicle applications.

"Tanaris Power's Osprey battery, is exactly the type of product that will show what can be achieved using modern Lithium-Ion battery technology in a demanding industrial vehicle application." commented Mr. Keasberry, GEFI's CEO. "The cost savings, and positive environmental impact created by retrofitting higher emission diesel vehicles to high-output Lithium-Ion powered electric vehicles is a real game changer.  Not only is it great for the environment, but the conversion to electric power has a huge long term cost savings to airlines. Airlines will save dramatically by eliminating significant amounts of their GSE vehicle fuel requirements and reducing maintenance costs at the same time. Best of all, these batteries are designed and built right here in the USA. That's very exciting."

About Geo Finance Corporation:

Geo Finance Corporation is a Florida entity established to develop and invest in energy related projects including waste to energy, geothermal collection fields, natural gas and petroleum production, alternative energy production and storage. The administrative office is based in Las Vegas, NV. Enterprise Asset Management (EAM) is an American based developer and manufacturer of next generation power systems including its Tanaris Power brand of advanced industrial vehicle lithium-ion batteries and power management systems.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

Statements in this document regarding the intentions, the expected timetable for completing any transaction, benefits and synergies of any transaction, future opportunities for the company, expectations regarding the value and benefits of any transaction and any other statements about Geo Finance Corporation's managements' future expectations, beliefs, goals, plans or prospects constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," estimates and similar expressions) should also be considered to be forward-looking statements. Except as required by applicable law, Geo Finance Corporation disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this document.

Contact:
[email protected]

Brian Keasberry, CEO
GeoFinance Corporation

Investor Relations:
[email protected]      

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/geo-finance-corp-otc-gefi-gears-up-to-provide-first-set-of-evaluation-batteries-for-united-airlines-300007384.html

SOURCE GEO Finance Corporation