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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 it received a letter from the NYSE American regarding its Filing Delinquency. The company missed deadlines to submit several financial reports, including the 10-K and multiple 10-Q filings for periods ending in 2021. An extension until April 1, 2022 has been granted to submit these reports. Failure to comply may lead to delisting proceedings. Currently, a 'BC' indicator will appear on its trading symbol until compliance is regained. Camber aims to file the delayed reports by the end of the extension.
Camber Energy (NYSE American: CEI) announced on January 14, 2022, that the NYSE American granted an extension for filing delayed financial reports. The company is currently non-compliant with listing standards due to the late submission of essential reports, including Form 10-K and several Form 10-Qs for 2021. The new deadline to file these reports is set for February 15, 2022. Failure to comply may lead to delisting proceedings, although shares remain unaffected currently. A "BC" indicator will be added to the trading symbol until compliance is restored.
Camber Energy, Inc. (NYSE American:CEI) announced on January 4, 2022, that it received a compliance notification from NYSE American regarding its failure to hold an annual meeting for the fiscal year ending December 31, 2020, by the December 31, 2021 deadline. The company plans to address this by scheduling the annual meeting after filing several overdue reports, including its Form 10-K and Form 10-Qs for 2021. Although a 'BC' indicator will be attached to its trading symbol during this period, the company's operations and SEC reporting are unaffected unless compliance is not achieved, risking delisting.
Camber Energy, Inc. (NYSE American: CEI) announced an institutional investor's purchase of 10,544 shares of convertible preferred stock on December 31, 2021, for a total of $100 million. The acquisition includes $5 million in cash and four Promissory Notes totaling $95 million, payable in 2022. Each Note is linked to 2,636 shares of preferred stock. Additionally, warrants were issued allowing purchase of up to 100 million common shares at prices of $2.00 and $4.00 per share. This funding will facilitate new acquisitions and strategic initiatives throughout 2022.
Camber Energy has announced the successful closure of a $25 million loan transaction as of January 4, 2022. The funds will be utilized to redeem over 40% of its Series C Redeemable Convertible Preferred Stock, pay off a secured loan due on March 8, 2022, and provide working capital. The loan features a maturity date of January 1, 2027 and an interest rate tied to the Wall Street Journal Prime Rate, payable at maturity. This move is part of Camber's strategy to strengthen its financial position and support its growth initiatives in the energy sector.
Camber Energy, Inc. (NYSE American:CEI) announced amendments to its promissory notes totaling $20.5 million. The new terms include a maturity date of January 1, 2027, an interest rate tied to the Wall Street Journal Prime Rate, and a conversion option at $1.50 per share. This update follows the company's increase in authorized capital on December 30, 2021. Detailed amendments can be found in Camber's SEC filings. Camber is engaged in providing custom energy solutions and holds interests in oil and natural gas assets.
Camber Energy, Inc. (CEI) announced a $25 million loan agreement to improve its financial structure, set to close on December 31, 2021. The funds will be used to redeem outstanding Series C Redeemable Convertible Preferred Stock and settle secured loans. The loan has a maturity date of January 1, 2027, with an interest rate pegged to the Wall Street Journal Prime Rate. Additionally, existing Promissory Notes were amended to align with this loan's terms. The lender will receive warrants to purchase 50 million shares at specified prices, indicating strong lender confidence in the company’s future growth.
Camber Energy, Inc. (NYSE American:CEI) announced receipt of a letter from the NYSE American regarding its request for an extension to file overdue financial reports. The company is currently not compliant with the exchange's standards due to delayed filings, including the Form 10-K for the transition period ending December 31, 2020, and two Form 10-Q reports from 2021. An extension until January 14, 2022 has been granted, with a potential further extension until May 20, 2022. If compliance is not achieved, delisting procedures may commence.
Camber Energy, Inc. (NYSE American: CEI) announced its subsidiary, Viking Energy Group, has entered into a Membership Interest Purchase Agreement to acquire a 100% interest in companies developing a renewable diesel processing plant in Reno, Nevada. The facility aims to produce approximately 43 million gallons of renewable diesel annually, with about 95% of the construction complete. Closing the acquisition is contingent on securing financing that meets Viking's criteria.
Camber Energy (NYSE American:CEI) announced on November 19, 2021, that it received a notification from the NYSE American regarding its non-compliance with listing standards due to delayed financial reports. The company has until December 17, 2021, to file these reports, which include the Form 10-K for the transition period ended December 31, 2020, and two Form 10-Qs for quarterly periods ended March 31, 2021, and June 30, 2021. Failure to comply may result in delisting proceedings. A 'BC' indicator will be added to its trading symbol until compliance is achieved.
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