Camber Energy Completes Strategic Alliance in Power Generation Division
Camber Energy (OTCQB:CEIN) has announced the completion of a strategic transaction with T&T Power Group and Simson-Maxwell in the power generation sector. The deal, effective April 1, 2025, establishes T&T and Viking Energy Group (Camber's wholly-owned subsidiary) as co-owners of Simson-Maxwell.
T&T Power Group brings over 40 years of experience in power generation and electrical distribution across Canada, operating from 11 locations. Simson-Maxwell, with 80+ years in the industry, operates from seven locations across Western Canada, specializing in power generation, industrial engines, and electrical control solutions.
The transaction structure involved T&T subscribing for shares directly from Simson-Maxwell and purchasing shares from other shareholders, with Viking maintaining its existing position without buying or selling shares.
Camber Energy (OTCQB:CEIN) ha annunciato il completamento di una transazione strategica con T&T Power Group e Simson-Maxwell nel settore della generazione di energia. L'accordo, che entrerà in vigore il 1 aprile 2025, stabilisce T&T e Viking Energy Group (sussidiaria interamente controllata da Camber) come co-proprietari di Simson-Maxwell.
T&T Power Group porta con sé oltre 40 anni di esperienza nella generazione di energia e distribuzione elettrica in Canada, operando da 11 sedi. Simson-Maxwell, con oltre 80 anni nel settore, opera da sette sedi in Canada occidentale, specializzandosi nella generazione di energia, motori industriali e soluzioni di controllo elettrico.
La struttura della transazione prevedeva che T&T sottoscrivesse azioni direttamente da Simson-Maxwell e acquistasse azioni da altri azionisti, mentre Viking mantenesse la sua posizione esistente senza acquistare o vendere azioni.
Camber Energy (OTCQB:CEIN) ha anunciado la finalización de una transacción estratégica con T&T Power Group y Simson-Maxwell en el sector de generación de energía. El acuerdo, que entrará en vigor el 1 de abril de 2025, establece a T&T y Viking Energy Group (filial de propiedad total de Camber) como co-propietarios de Simson-Maxwell.
T&T Power Group aporta más de 40 años de experiencia en generación de energía y distribución eléctrica en Canadá, operando desde 11 ubicaciones. Simson-Maxwell, con más de 80 años en la industria, opera desde siete ubicaciones en el oeste de Canadá, especializándose en generación de energía, motores industriales y soluciones de control eléctrico.
La estructura de la transacción implicó que T&T suscribiera acciones directamente de Simson-Maxwell y comprara acciones de otros accionistas, mientras que Viking mantenía su posición existente sin comprar ni vender acciones.
캠버 에너지 (OTCQB:CEIN)는 T&T 파워 그룹 및 심슨-맥스웰과의 전략적 거래 완료를 발표했습니다. 이 거래는 2025년 4월 1일부터 효력이 발생하며, T&T와 캠버의 완전 자회사인 바이킹 에너지 그룹을 심슨-맥스웰의 공동 소유자로 설정합니다.
T&T 파워 그룹은 캐나다 전역에서 11개 위치에서 운영하며, 40년 이상의 전력 생성 및 전기 배급 경험을 보유하고 있습니다. 심슨-맥스웰은 80년 이상의 업력으로 서부 캐나다의 7개 위치에서 운영되며, 전력 생성, 산업용 엔진 및 전기 제어 솔루션에 전문화되어 있습니다.
거래 구조는 T&T가 심슨-맥스웰로부터 직접 주식을 인수하고 다른 주주로부터 주식을 구매하는 방식으로 구성되었으며, 바이킹은 주식을 매입하거나 매각하지 않고 기존의 지위를 유지합니다.
Camber Energy (OTCQB:CEIN) a annoncé l'achèvement d'une transaction stratégique avec T&T Power Group et Simson-Maxwell dans le secteur de la production d'énergie. L'accord, qui prendra effet le 1er avril 2025, établit T&T et Viking Energy Group (filiale à part entière de Camber) comme co-propriétaires de Simson-Maxwell.
T&T Power Group apporte plus de 40 ans d'expérience dans la production d'énergie et la distribution électrique au Canada, opérant depuis 11 emplacements. Simson-Maxwell, avec plus de 80 ans d'expérience dans l'industrie, opère depuis sept emplacements dans l'ouest du Canada, se spécialisant dans la production d'énergie, les moteurs industriels et les solutions de contrôle électrique.
La structure de la transaction impliquait que T&T souscrive des actions directement auprès de Simson-Maxwell et achète des actions à d'autres actionnaires, tandis que Viking maintenait sa position existante sans acheter ni vendre d'actions.
Camber Energy (OTCQB:CEIN) hat den Abschluss einer strategischen Transaktion mit T&T Power Group und Simson-Maxwell im Bereich der Energieerzeugung bekannt gegeben. Der Deal, der am 1. April 2025 in Kraft tritt, etabliert T&T und die Viking Energy Group (eine hundertprozentige Tochtergesellschaft von Camber) als Mitbesitzer von Simson-Maxwell.
T&T Power Group bringt über 40 Jahre Erfahrung in der Energieerzeugung und elektrischen Verteilung in Kanada mit und betreibt 11 Standorte. Simson-Maxwell, mit über 80 Jahren in der Branche, operiert von sieben Standorten in Westkanada und ist auf Energieerzeugung, Industriegeneratoren und elektrische Steuerungslösungen spezialisiert.
Die Struktur der Transaktion sah vor, dass T&T Aktien direkt von Simson-Maxwell zeichnet und Aktien von anderen Aktionären kauft, während Viking seine bestehende Position ohne Kauf oder Verkauf von Aktien beibehält.
- Strategic expansion in power generation sector through partnership with established industry leader T&T Power Group
- Access to T&T's extensive network of 11 locations across Canada
- Maintains ownership stake in Simson-Maxwell without additional capital investment
- Operating on OTCQB market, indicating lower tier trading status
- No disclosed financial terms or immediate revenue impact from the transaction
Insights
Camber Energy's strategic alliance with T&T Power Group marks a significant restructuring in its power generation division. The transaction establishes a co-ownership arrangement of Simson-Maxwell between T&T and Viking Energy Group (Camber's wholly-owned subsidiary), though specific ownership percentages and financial terms remain undisclosed pending an 8-K filing.
This alliance appears strategically sound as it combines complementary strengths: T&T brings 40+ years of power generation expertise with 11 locations across Canada, while Simson-Maxwell contributes 80+ years of industry experience with seven Western Canada locations. The partnership likely creates operational synergies through expanded geographical coverage and enhanced service capabilities across Canada's industrial and commercial power solutions market.
The transaction structure is noteworthy - T&T subscribed for shares directly from Simson-Maxwell and purchased shares from other shareholders, with Viking neither buying nor selling Simson-Maxwell shares. This suggests a carefully structured deal that potentially minimizes capital requirements from Camber while still securing strategic benefits.
For a microcap company like Camber (
Closes Transaction with T&T Power Group
HOUSTON, TX / ACCESS Newswire / April 1, 2025 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company") is pleased to announce the closing of a strategic transaction involving T&T Power Group, Inc. ("T&T") and Simson-Maxwell Ltd. ("Simson-Maxwell"), two industry leaders in power generation, electrical distribution and energy solutions.
The deal, which closed effective April 1, 2025, results in T&T and Viking Energy Group, Inc. (Camber's wholly-owned subsidiary) being co-owners of Simson-Maxwell.
James Doris, Camber's President & CEO, commented, "With T&T's support, expertise and decades-long track record, Simson-Maxwell is well positioned for growth and to deliver an unmatched experience for industrial and commercial power solutions' customers across Canada."
For more information visit www.lp-camberenergy.com.
About T&T Power Group
For over 40 years, T&T Power Group has been a leading provider of power generation, electrical distribution, and energy solutions across Canada. Known for its engineering expertise and customer-first approach, T&T Power Group delivers custom-built power systems designed to meet the needs of industrial, commercial, and municipal clients. With a national presence and 11 locations across Canada, the company offers a full spectrum of power solutions, including standby, prime and continuous power generators, switchgear, and electrical distribution equipment.
T&T Power Group is recognized for its ability to design and manufacture tailor-made energy solutions, supporting industries that require mission-critical reliability. Beyond delivering industry-leading products, T&T Power Group provides full-service maintenance, 24/7 emergency support, remote monitoring, and turnkey project management, ensuring customers have a trusted partner in power. With a foundation built on innovation, reliability, and long-term commitment, the company continues to evolve, helping businesses and communities across Canada power their future.
About Simson-Maxwell
Simson Maxwell has been a trusted name in power generation, industrial engines, and electrical control solutions for over 80 years. With a strong reputation as both a manufacturer and distributor, the company has worked with some of the world's leading engine and power generation brands, delivering custom-engineered solutions to industrial and commercial clients across Canada.
Operating from seven locations across Western Canada, Simson Maxwell serves a diverse customer base with standby and prime power generator systems, industrial engines, and comprehensive service solutions. The Simmax® brand is recognized for its high-quality power generation and electrical control equipment, designed to meet the rigorous demands of industrial applications. Beyond products, Simson Maxwell provides ongoing maintenance, remote monitoring, and technical support, ensuring customers have reliable power when they need it most. With a legacy of expertise and innovation, the company has remained a key player in Canada's power industry, evolving to meet the growing demands of its customers.
Additional Details
Viking did not purchase or sell any shares of Simson-Maxwell in connection with the aforementioned transaction, rather T&T subscribed for shares directly from Simson-Maxwell and purchased shares directly from other shareholders. Additional details regarding the transaction will be included in, and the foregoing description and description above is qualified in its entirety by, Camber's Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC"), which, once filed, will be available under "investors" - "SEC filings" at www.camber.energy.
About Camber Energy, Inc.
Camber Energy, Inc. ("Camber") is a growth-oriented diversified energy company. Through subsidiaries, Camber provides custom energy & power solutions to commercial and industrial clients in North America and has a majority interest in: (i) an entity with intellectual property rights to a patented, proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (ii) entities with the intellectual property rights to patented and patent pending, proprietary Electric Transmission and Distribution Broken Conductor Protection Systems. Camber also holds, through a subsidiary, an exclusive license in Canada to a patented clean energy & carbon-capture system.
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 ACCESS Newswire
FAQ
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