CEI’s Subsidiary Provides Update on Patent for Medical Waste Treatment Technology

Rhea-AI Summary

Camber Energy, Inc. (NYSE American: CEI) announced that its majority-owned subsidiary, Viking Energy Group, received positive news regarding its pending patent application for multi-chamber medical waste treatment systems. The U.S. Patent & Trademark Office indicated that several claims in the application are allowable, suggesting that an issued patent may follow after further response. This technology aims to utilize ozone-based treatments, positioning Viking for growth in the international medical waste treatment sector.

Positive

• Viking Ozone's patent application for multi-chamber medical waste treatment systems has received an allowable status from the U.S. Patent Office, indicating potential for future patent issuance.
• The introduction of proprietary ozone-based treatment technology may enhance Viking's market position in the international medical waste treatment industry.

Negative

• None.

HOUSTON, TX / ACCESSWIRE / July 18, 2022 / Camber Energy, Inc.'s, (NYSE American: CEI) ("Camber" or the "Company") majority-owned subsidiary, Viking Energy Group, Inc. ("Viking"), announced today that Viking's majority-owned subsidiary, Viking Ozone Technology, LLC ("Viking Ozone"), was advised that the United States Patent & Trademark Office has issued an Office Action in Viking Ozone's pending patent application covering multi-chamber medical waste treatment systems and methods, wherein a number of claims have been found by the Patent office to be allowable. After Amendment and Response, an issued patent will likely follow. This covers Viking Ozone's proprietary methods and devices utilizing Ozone-based treatments. Viking is expected to use this technology in their expansion into medical waste treatment field internationally.

About Camber Energy, Inc.

Camber Energy, Inc. is a growth-oriented diversified energy company. Through its majority-owned subsidiary, Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. The company's majority-owned subsidiary also holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) an entity with intellectual property rights to a fully developed, patent pending, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (ii) 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.

Contact Information
Investors and Media:
Tel. 281.404.4387 (ext.3)

SOURCE: Camber Energy, Inc.

View source version on accesswire.com:
https://www.accesswire.com/708864/CEIs-SubsidiaryProvides-Update-on-Patent-for-Medical-Waste-Treatment-Technology

FAQ

What recent patent news did Camber Energy announce regarding CEI?

Camber Energy announced that its subsidiary Viking Energy received a favorable Office Action from the U.S. Patent Office, indicating several claims in its patent application for medical waste treatment systems are allowable.

How does the patent application impact Camber Energy's subsidiary Viking Energy?

The favorable outcome of the patent application positions Viking Energy for potential growth in the medical waste treatment field, utilizing ozone-based treatment technology.

What is the significance of the ozone technology in Camber Energy's operations?

The ozone technology is expected to be integral to Viking Energy's expansion into the international medical waste treatment sector, enhancing its service offerings.