Camber Energy Announces Issuance of Another Patent for its Broken Conductor Protection Technology
Camber Energy announced the issuance of a new patent by the U.S. Patent and Trademark Office for its Broken Conductor Protection Technology. The patent strengthens the company's intellectual property portfolio related to grid protection systems. The technology is designed to detect transmission line faults and prevent accidents, enhancing grid resiliency and public safety. The patent was issued to Viking Protection Systems, , a subsidiary of Camber Energy.
Strengthening intellectual property portfolio with the issuance of a new patent.
Enhancing competitive advantage in the marketplace.
Improving grid resiliency and reliability with innovative technology.
Significantly reducing the risk of fires and improving public safety.
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CEI Continues to Bolster I.P. Portfolio
HOUSTON, TX / ACCESSWIRE / May 1, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), today announced that on April 23, 2024, the U.S. Patent and Trademark Office (USPTO) issued U.S. patent 11,965,924 entitled " Electric Transmission Line Ground Fault Prevention Systems Using Multi-Parameter Monitoring", which is part of the Company's expanding portfolio of intellectual property (including previously announced patent Nos. 11,942,776, 11,769,998 and 11,831,147) associated with its Broken Conductor Protection technology.
James Doris, President and CEO of Camber, commented "Strengthening and protecting our intellectual property provides a competitive advantage in the marketplace and is an important part of our strategic commercialization plan."
The Company's Broken Conductor Protection technology detects a break or a coupling failure in a transmission line, and immediately de-energizes the line before it reaches the ground. The solution is designed to be an integral component within existing grid protection systems, improving resiliency and reliability, eliminating the need for Public Safety Power Shutdown Programs, and significantly reducing the risk of fires and improving public safety.
The new patent was issued to Viking Protection Systems, LLC, a majority-owned subsidiary of Camber's wholly-owned subsidiary, Viking Energy Group, Inc.
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) an entity with intellectual property rights to a fully developed, patented, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (b) entities with the intellectual property rights to fully developed, patent pending, ready-for-market proprietary Electric Transmission and Distribution Open Conductor Detection Systems. For more information, please visit the company's website 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.
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