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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, Inc. (NYSE American: CEI) disclosed that its subsidiary, Viking Energy Group, filed a patent application on August 23, 2022, for innovative electric transmission line protection technology. This system aims to mitigate ground faults caused by line breakage, addressing the dangers and economic losses from electrical fires. Unlike existing systems that react after a fault occurs, Viking's technology aims to shut down power proactively, preventing potential disasters. This patent application is a continuation of prior filings and emphasizes rapid response capabilities.
Camber Energy, Inc. (NYSE American:CEI) has scheduled its combined annual meeting of stockholders for September 27, 2022, to address the fiscal years 2020 and 2021. This meeting is virtual only, accessible via this link. Stockholders of record by August 12, 2022, can vote and participate. Meeting materials will be distributed around August 17, providing necessary details for participation and voting.
Camber specializes in energy solutions and holds interests in oil and gas assets, as well as proprietary technologies for waste treatment and power transmission.
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.
Camber Energy (NYSE American:CEI) announced the redemption of 2,636 shares of its Series G Preferred Stock on June 15, 2022. This move is linked to a promissory note worth $23,750,000, which was due on June 30, 2022. The company aims to avoid dilution in the current economic climate, according to CEO James Doris. Camber plans to ensure future financings are conducted under favorable terms to protect stakeholders' interests. Further details are available in their SEC filing.
Camber Energy has regained compliance with the NYSE American's listing standards as of May 20, 2022, following the submission of previously outstanding financial reports to the SEC. This compliance allows the company to hold an annual meeting to satisfy listing requirements. Camber Energy is a diversified energy firm that provides energy solutions and has interests in oil and natural gas assets across the U.S. Additionally, it holds licenses for proprietary carbon-capture and waste treatment technologies.
Camber Energy, Inc. (NYSE American:CEI) filed multiple reports with the SEC on May 20, 2022, including Current Reports for the quarters ending March 31, June 30, and September 30, 2021, along with the Annual Report for the year ending December 31, 2021.
Notably, the annual report included an audit report with a going concern emphasis of matter, as mandated by NYSE guidelines. This announcement does not alter any previous filings. Camber is a diversified energy company providing solutions in North America and possessing various patented technologies.
Camber Energy, Inc. (NYSE American:CEI) has received a letter from the NYSE American regarding its non-compliance with listing standards due to the Filing Delinquency of several financial reports. The company requested an extension to file these reports, which has been granted until May 20, 2022. If the delinquency is not addressed by this date, delisting proceedings may commence. While a ‘BC’ indicator will be attached to its trading symbol, current business operations remain unaffected.
Camber Energy announced the redemption of 2,636 Series G Preferred Shares on March 10, 2022, linked to a $23.75 million promissory note due March 31, 2022. This move is part of a $100 million financing from an institutional investor made in December 2021. Additionally, the company reported a 59% reduction in its outstanding Series C Preferred Shares since December 1, 2021. CEO James Doris emphasized the redemption provides capital optionality for future financing, aiming for terms favorable to stakeholders.
Camber Energy (NYSE American: CEI) announced on February 15, 2022, that its subsidiary, Viking Energy Group, acquired a 51% interest in entities owning the intellectual property for innovative Electric Transmission and Distribution Open Conductor Detection Systems. This technology detects transmission line failures and can de-energize lines in half a second, enhancing grid reliability and public safety. Developed by industry veterans Robert Stuart and Ronald Smith, the systems promise low implementation costs, leveraging their extensive experience in power generation and grid protection.
Camber Energy, Inc. (CEI) announced that its subsidiary, Viking Energy Group, acquired a 51% stake in entities holding intellectual property for Electric Transmission and Distribution Open Conductor Detection Systems. The acquisition, valued at up to $21 million, includes an initial payment of $5 million in Viking stock. This technology aims to enhance safety by detecting breaks in lines and preventing hazards. Major utilities in high-risk areas have already shown interest in deployment.
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