Camber Energy Announces Purchase Order for 3.5MW Customized Power System
Camber Energy (NYSE American: CEI) has received a CAD 3.8 million purchase order for a 3.5 MW customized secondary power system. This order, secured by its subsidiary Simson-Maxwell, includes a GE Transportation 16V250 Liquid Cooled, Twin Turbo Charged, Inter-Cooled, Diesel Fuel Tier 2 Engine.
The system is expected to ship to Iqaluit, Nunavut, in early 2025. This follows a similar 3.5 MW system delivered to Iqaluit by Simson-Maxwell in fall 2023.
- CAD 3.8 million purchase order increases revenue.
- Order for 3.5 MW customized power system signifies market demand.
- Delivery scheduled for early 2025 indicates strong future business pipeline.
- Previous successful delivery of similar system boosts credibility.
- Dependency on a single significant order could pose financial risk.
- Delay risk until early 2025 could impact timely revenue realization.
- Geographical challenges of shipping to Iqaluit might incur higher costs.
Insights
Camber Energy's recent announcement of a
In the short term, this purchase order will contribute positively to Camber's financial performance, potentially leading to an uptick in stock prices as investors anticipate revenue growth. The repeat order from Iqaluit also hints at customer satisfaction and possible future orders, enhancing the company's reputation in this niche market.
In the long term, consistent performance and the ability to secure high-value contracts could position Camber as a key player in the power systems market, particularly in challenging environments. However, investors should also be aware of any challenges related to delivery timelines, cost management and operational risks in distant locations.
HOUSTON, TX / ACCESSWIRE / May 28, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce receipt of an ∼
- GE Transportation 16V250 Liquid Cooled, Twin Turbo Charged, Inter-Cooled, Diesel Fuel Tier 2 Engine with:
- 4870 Continuous HP @ 900 RP
- 250mm Bore x 320mm Stroke
- 251.2 Liter Displacement
- V - 16 Cylinder Design
- DC Electronic Governor
- 24VDC Electricals
- Hydronic Heat Exchanger Type Jacket water heater
- Stamford AVK DIG150n/8 900 RPM, Three Phase Alternator with:
- 2402/4160 Volt, 608 Amps @ 0.8 p.f. with 80 C Temperature Rise
- Drip Proof Enclosure
- Three Phase Sensing Automatic Voltage Regulator
- Winding & Bearing RTD's
- Anti-Condensation Heater
- Differential Protection CT's
- Voltage sensing PT's / DECS 250 AVR
The purchase order was received by Simson-Maxwell Ltd., Camber's majority-owned subsidiary, and the unit is expected to be ready for shipment to Iqaluit, the capital city of Nunavut, the largest and northernmost Territory of Canada, in early 2025. The secondary power system is similar in design and functionality to the previously disclosed 3.5 MW system that was designed, assembled and delivered by Simson-Maxwell Ltd. to Iqaluit in the fall of 2023.
About Simson-Maxwell Ltd.
Simson-Maxwell Ltd., a majority owned subsidiary of Camber, manufactures and supplies power generation products, services and custom energy solutions. Simson-Maxwell provides commercial and industrial clients with efficient, flexible, environmentally responsible and clean-tech energy systems involving a wide variety of products, including CHP (combined heat and power), tier 4 final diesel and natural gas industrial engines, solar, wind and storage. Simson-Maxwell also designs and assembles a complete line of electrical control equipment including switch gear, synchronization and paralleling gear, distribution, Bi-Fuel and complete power generation production controls. Operating for over 80 years, Simson-Maxwell's multiple branch locations assist with servicing a large number of existing maintenance arrangements and meeting the energy and power-solution demands of the Company's other customers.
About Camber Energy, Inc.
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.
View the original press release on accesswire.com
FAQ
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