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About Camber Energy, Inc.
Camber Energy, Inc. (symbol: CEI) is a diversified energy and power solutions company that provides custom, innovative services to commercial and industrial clients across North America. The company focuses on delivering tailored energy optimization and power generation systems that enhance grid resiliency and safety, while also incorporating state‐of‐the‐art technologies that address the evolving challenges of energy users.
Custom Energy & Power Solutions
Operating through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber Energy develops and implements bespoke energy and power solutions. Whether it is custom generator sets, advanced hybrid systems using lithium titanate oxide battery storage, or integrated electrical control systems designed for challenging environments, each solution is engineered to provide efficiency, reliability, and safety. These systems are designed for industrial-scale applications and help customers reduce operational costs and increase energy efficiency, ensuring that they meet rigorous standards in power continuity and environmental performance.
Innovative Intellectual Property Portfolio
Camber Energy has significantly bolstered its intellectual property (IP) portfolio by developing multiple patented technologies. This portfolio includes proprietary systems for Electric Transmission Line Ground Fault Prevention and Broken Conductor Protection technology. These technologies are instrumental in mitigating wildfires by quickly de-energizing broken transmission lines to prevent accidental ignitions, thereby improving public safety and grid resiliency. The company’s strategic focus on IP not only reinforces its competitive positioning but also provides a robust platform for the commercialization of cutting-edge energy solutions.
Advanced Technological Developments
Among its many innovations, Camber Energy also holds an exclusive license in Canada to a patented carbon-capture system, demonstrating its commitment to clean energy technologies. Additionally, the company maintains a majority interest in ventures developing proprietary systems for Medical & Bio-Hazard Waste Treatment, which utilize ozone technology to deliver safe and cost-effective solutions for waste decontamination. These initiatives underline Camber’s multidisciplinary approach to solving diverse problems within the energy and environmental sectors.
Comprehensive Subsidiary Operations
The operational strength of Camber Energy is further enhanced by its subsidiaries. Simson-Maxwell Ltd., for instance, is well-established with decades of expertise in manufacturing power generation products and environmental power systems. These products range from conventional power generation units to innovative hybrid supported systems designed for remote or extreme conditions. Moreover, subsidiaries like Viking Ozone Technology focus on modern waste treatment solutions that offer environmentally responsible alternatives to traditional incineration and chemical treatments.
Market Position and Competitive Landscape
Camber Energy occupies a unique niche in the North American energy market. By combining its hands-on engineering capabilities with a rapidly expanding IP portfolio, the company is able to offer integrated solutions that address complex challenges such as wildfire mitigation, grid stability, and sustainable energy management. Its diversified product offerings and multi-faceted business model allow it to stand apart from traditional energy companies and emerging tech-driven competitors. Camber Energy’s credibility is further reinforced by its adherence to stringent safety standards and its commitment to technological advancement in an industry that is continuously evolving.
Expertise and Industry Leadership
The company has built a reputation for technical proficiency and innovation. Detailed engineering assessments, third-party validations, and comprehensive testing procedures underscore its commitment to quality. Camber Energy's patent-backed technologies represent a confluence of robust research and practical application, showcasing a deep understanding of both energy infrastructure and safety protocols. This solid foundation of expertise ensures that the company's offerings remain relevant and effective, even as industry dynamics shift over time.
Commitment to Safety and Efficiency
At its core, Camber Energy is dedicated to ensuring that its solutions not only empower energy users but also contribute to safer, more resilient communities. Its systems are designed to preemptively address potential hazards such as broken conductors that could lead to catastrophic wildfires. By integrating advanced sensor technologies and redundant safety mechanisms, the company ensures prompt responses to electrical faults, thereby mitigating risks and enhancing overall public safety.
Conclusion
In summary, Camber Energy, Inc. represents a forward-thinking energy provider that bridges the gap between innovative technology and reliable, real-world applications. Its diversified approach, investment in intellectual property, and broad range of custom solutions position the company as a nuanced player capable of addressing a variety of challenges in today’s energy landscape. Investors and industry observers alike can appreciate the depth and breadth of Camber’s expertise, which is embedded in every facet of its operations.
Camber Energy (NYSE American:CEI) announced that its subsidiary, Viking Energy Group, received U.S. Utility Patent No. 11,565,289 for a Multi-Chamber Medical Waste Ozone-Based Treatment System. This patent covers proprietary ozone-based treatment methods and devices, aimed at improving waste treatment in hospitals, prisons, and care centers.
The technology is part of a broader initiative to enhance healthcare waste management, which the World Health Organization highlights as crucial for health outcomes. The patent could lead to additional international patents, further expanding the company's market potential.
Camber Energy, Inc. (NYSE American: CEI) announced the acquisition of a 100% interest in companies that are developing a renewable diesel processing plant.
The facility is expected to produce approximately 43 million gallons of renewable diesel annually. Renewable diesel is more environmentally friendly, being 50%-55% less carbon-intensive than traditional diesel.
This acquisition aligns with the growing demand for renewable energy sources. However, closing the deal is conditioned on several factors outlined in the Membership Interest Purchase Agreement, with no guarantees the conditions will be satisfied.
Camber Energy (NYSE American: CEI) announced it has regained compliance with the NYSE American's listing standards as of January 3, 2023, resolving a previously noted deficiency. This positive development follows a notification letter received on November 7, 2022. The company is considered back in good standing with the Exchange. Further details are disclosed in their Current Report on Form 8-K filed with the SEC on January 4, 2023. Camber focuses on providing energy solutions and holds interests in oil and natural gas assets, along with innovative technologies.
Camber Energy has entered into a Purchase and Sale Agreement to acquire interests in oil and gas assets from privately-owned companies for USD 69 million. The acquisition involves working interests in 169 producing oil wells that generate approximately 2,000 barrels of oil per day and a total proved reserve value of about USD 185 million. The purchase will be funded through a mix of cash and the issuance of convertible preferred stock. The deal is contingent on various approvals and obtaining a new loan. Further details can be found in Camber's filed Current Report on Form 8-K.
Camber Energy, Inc. (NYSE American:CEI) has implemented a 1-for-50 reverse stock split effective December 21, 2022, following Board approval on December 14. This action reduces the outstanding shares from approximately 887.7 million to around 17.8 million to meet NYSE American listing requirements and mitigate the risk of delisting. The par value remains unchanged, and fractional shares were rounded to whole shares. The reverse split is expected to raise the stock price, ensuring compliance with exchange standards.
Camber Energy (NYSE American: CEI) announced a 1-for-50 reverse stock split effective December 21, 2022. The number of authorized shares will reduce from 1 billion to 20 million, and outstanding shares will decrease from approximately 814.4 million to about 16.3 million. This split aims to comply with NYSE American's price requirements and mitigate delisting risks. Fractional shares will round up to the nearest whole share. The common stock will trade under the existing symbol CEI after the split, with a new CUSIP number.
Camber Energy, Inc. (NYSE: CEI) has announced a 1-for-50 reverse stock split effective December 30, 2022. This decision aims to reduce the number of issued shares from approximately 814.4 million to 16.3 million and decrease authorized shares from 1 billion to 20 million. The split aligns with NYSE American’s requirements to avoid potential delisting due to low share prices. Following the split, shares will trade under the existing ticker symbol 'CEI' with a new CUSIP number. The company continues to operate in the energy sector, providing solutions and holding interests in oil and gas assets.
Camber Energy, Inc. has received a notification from the NYSE American regarding its common stock trading below compliance thresholds. As of November 7, 2022, the stock's 30-day average price is under $0.20, necessitating a sustained price improvement or a reverse stock split by May 7, 2023. Although the stock currently remains listed under symbol CEI, it will receive a '.BC' designation indicating its below compliance status. This letter does not impact ongoing operations or SEC reporting requirements.
Camber Energy's majority-owned subsidiary, Viking Energy Group, has received a Notice of Allowance from the USPTO for its patent application related to an ozone-based waste treatment system. This technology aims to enhance waste disposal in medical settings, potentially addressing the harmful emissions associated with traditional methods. The global medical waste management market is projected to grow at a CAGR of 5.4% through 2025. The issuance of the patent is expected in the coming months, positioning Viking for growth in this critical sector.
Camber Energy (NYSE American:CEI) announced on October 3, 2022, that it has regained compliance with the NYSE American's listing standards. This follows the resolution of a deficiency noted in a January 2022 notification after the Company held its Annual Meeting on September 27, 2022. Camber Energy is a growth-oriented energy firm providing energy solutions and owning oil and gas assets in the U.S. It also holds intellectual property rights to innovative technologies, including a carbon capture system and waste treatment solutions.
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