Camber Energy Adds New Patent to Wildfire Mitigation Technology Portfolio
Rhea-AI Summary
Camber Energy (OTCQB:CEIN) has announced the addition of a new patent to its Wildfire Mitigation Technology Portfolio. The patent, titled 'End of Line Protection with Blocking', was issued by the USPTO on October 8, 2024, to the company's majority-owned subsidiary, Viking Sentinel Technology, This patent is part of Camber's Broken Conductor Protection technologies, designed to assist utility companies with wildfire mitigation, public safety, and grid resiliency initiatives.
The technology aims to address the public safety risks posed by broken electrical conductors, including the potential for human contact and wildfire ignition due to arcing. Camber's Broken Conductor Protection technology is intended to be integrated into existing grid protection systems, enhancing resiliency, reliability, and public safety while reducing fire risks.
Positive
- Acquisition of a new patent for wildfire mitigation technology
- Expansion of the company's technology portfolio in the utility sector
- Potential for increased adoption by utility companies for safety initiatives
Negative
- None.
HOUSTON, TX / ACCESSWIRE / October 9, 2024 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company") today announced that it received a new patent within its portfolio of Broken Conductor Protection technologies, which are designed to assist utility companies with wildfire mitigation, public safety and grid resiliency initiatives.
The new patent, entitled " End of Line Protection with Blocking", was issued by the U.S. Patent and Trademark Office (USPTO) on October 8, 2024 to the Company's majority-owned subsidiary, Viking Sentinel Technology, LLC, and is in addition to patents previously disclosed by the Company.
Broken electrical conductors pose a public safety risk due to the possibility of human contact with the conductors and the potential for arcing to ignite wildfires. The Company's Broken Conductor Protection technology is designed to be an integral component within existing grid protection systems, improving resiliency and reliability, reducing the risk of fires and improving public safety.
Wildfire Mitigation & Public Safety Patent Portfolio
Learn more about Camber's Broken Conductor Protection Technology at www.camberprotection.com.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) entities with the intellectual property rights to patented and patent pending electric transmission and distribution broken conductor protection systems; and (b) an entity with intellectual property rights to a patented medical & bio-hazard waste treatment system using ozone technology. For more information, please visit the company's website at www.camber.energy.
SEC Reports
All figures referenced herein are approximate and all descriptions above are qualified in their entirety by Camber's filings with the SEC and available under "Investors -- SEC Filings" at www.camber.energy.
Forward-Looking Statements
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements", which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Camber's filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Camber cautions that the foregoing list of important factors is not complete, any forward-looking statement speaks only as of the date on which such statement is made, and Camber does not undertake to update any forward-looking statements that it may make, whether as a result of new information, future events or otherwise, except as required by applicable law. All subsequent written and oral forward-looking statements attributable to Camber or any person acting its behalf are expressly qualified in their entirety by the cautionary statements referenced above.
Contact Information
Investors and Media:
Tel. 281.404.4387
SOURCE: Camber Energy, Inc.
View the original press release on accesswire.com
FAQ
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