Investor Relations
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
HOUSTON, TX AND DANBURY, CT / ACCESS Newswire / March 6, 2025 / Camber Energy, Inc. (OTCQB:CEIN) and Go Green Global Technologies Corp. (OTCQB:GOGR) are pleased to announce the signing of a Memorandum of Understanding (MOU) to explore a strategic collaboration focused on the development, testing, and potential commercialization of Go Green's Sonical™ fuel technology.
The Sonical™ fuel technology is an innovative solution designed to enhance fuel efficiency and reduce emissions across various industrial and commercial applications. By leveraging Camber Energy's expertise in power solutions and Go Green Global Technologies' cutting-edge advancements in clean fuel innovation, both companies aim to assess the feasibility of integrating and scaling the Sonical™ technology for widespread adoption.
"We are excited to enter into this MOU with Go Green Global Technologies to evaluate the potential of Sonical™ fuel technology," said James Doris, President and CEO of Camber Energy. "This collaboration aligns with our commitment to exploring innovative, sustainable and pragmatic energy solutions that can produce measurable efficiencies for end users."
Corrine Couch, Chief Operating Officer of Go Green Global Technologies Corp., added, "Collaborating with Camber Energy presents an exciting opportunity to advance the development of our proprietary fuel technology. We look forward to working together to assess the viability and commercial potential of Sonical™ technology in the energy sector."
Under the terms of the MOU, both companies expressed an intent to conduct joint evaluations, including technical assessments, market analysis, and potential pilot projects, to evaluate a viable pathway for integrating Sonical™ fuel technology into Camber Energy's strategic initiatives.
Further details regarding the collaboration will be announced as the evaluation progresses.
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.
About Go Green Global Technologies Corp.
Go Green Global Technologies Corp. ("Go Green") provides industry-disruptive technology for a variety of water and fuel use applications. Utilizing the proprietary Sonical™ device for both non-chemical water treatment and fuel efficiency enhancement, Go Green provides global solutions for a variety of residential, commercial, and industrial applications. The company is a pioneer and leader in the emerging Pulsed-Power technology sector. Since its inception, the company has focused on technologies that lead to a cleaner and more efficient planet.
For more information, please visit the company's website at www.gogreen-tech.org
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 on 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
VKIN-300 Unit to Undergo Official Certification Process for NFX 30-503 Compliance
HOUSTON, TX / ACCESS Newswire / January 21, 2025 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company") a leader in power solutions and innovative technologies, proudly announces shipment of its VKIN-300 waste treatment unit to France to undergo procedures to obtain official certification of compliance with French Standard NFX 30-503-2, regarded as one of the world's strictest standards for waste decontamination equipment. This landmark event follows results from preliminary tests performed on the VKIN-300 model by specialists indicating the system will attain this standard, as previously disclosed by the Company.
James Doris, the Company's President & CEO, commented "This is a critical development for this division of our organization as obtaining official certification demonstrating adherence to the world's highest standard will, in our view, serve as a major catalyst towards our system becoming the premier option for waste-processing companies throughout Europe, the Middle East, Africa and other parts of the world."
The testing and certification process will be coordinated by BOX 03 International SA, the Company's distributor in the region, at a waste recycling and energy recovery facility in Les Bouillots, Bayet France which is operated by an international participant in the waste management industry.
The VKIN-300 unit is expected to arrive in France at the end of February or in early March, 2025, and following its assembly at the waste recycling and energy recovery facility the Company anticipates the entire certification process will take several weeks to complete.
About Viking Ozone Technology
Viking Ozone Technology, LLC ("Viking Ozone"), a majority-owned subsidiary of Camber Energy, Inc., offers a cleaner, safer and more sustainable alternative for waste treatment, and its system is a more environmentally friendly and cost-effective alternative to incineration, chemical treatment, autoclave and heat treatments for regulated medical waste and bio-hazardous waste. Viking Ozone's system reduces the amount of energy required to process waste, which conserves resources, lowers operating costs and reduces greenhouse gas emissions, resulting in a cleaner, safer environment. The modular design and low profile allow for multiple configurations and savings for civil work at the site.
There are no assurances the official certification process mentioned above will be successful.
To learn more about Viking Ozone please visit https://vkin-ozone.com/.
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
HOUSTON, TX / ACCESSWIRE / October 9, 2024 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company") today announced that it received a new patent within its portfolio of Broken Conductor Protection technologies, which are designed to assist utility companies with wildfire mitigation, public safety and grid resiliency initiatives.
The new patent, entitled " End of Line Protection with Blocking", was issued by the U.S. Patent and Trademark Office (USPTO) on October 8, 2024 to the Company's majority-owned subsidiary, Viking Sentinel Technology, LLC, and is in addition to patents previously disclosed by the Company.
Broken electrical conductors pose a public safety risk due to the possibility of human contact with the conductors and the potential for arcing to ignite wildfires. The Company's Broken Conductor Protection technology is designed to be an integral component within existing grid protection systems, improving resiliency and reliability, reducing the risk of fires and improving public safety.
Wildfire Mitigation & Public Safety Patent Portfolio
Learn more about Camber's Broken Conductor Protection Technology at www.camberprotection.com.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) entities with the intellectual property rights to patented and patent pending electric transmission and distribution broken conductor protection systems; and (b) an entity with intellectual property rights to a patented medical & bio-hazard waste treatment system using ozone technology. For more information, please visit the company's website at www.camber.energy.
SEC Reports
All figures referenced herein are approximate and all descriptions above are qualified in their entirety by Camber's filings with the SEC and available under "Investors -- SEC Filings" 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 accesswire.com
Company Receives Fifth Patent and Notice of Allowance for a Sixth
HOUSTON, TX / ACCESSWIRE / September 4, 2024 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company") today announced that it received a new patent along with a Notice of Allowance for an additional patent concerning its portfolio of Broken Conductor Protection technologies, which are designed to assist utility companies with wildfire mitigation, public safety and grid resiliency initiatives.
Broken electrical conductors pose a public safety risk due to the possibility of human contact with the conductors and the potential for arcing to ignite wildfires. The Company's technology is designed to detect a broken conductor and de-energize the power line before it touches the ground or nearby equipment, thus reducing the risk of safety hazards caused by a downed, energized power line.
Reducing wildfire risks and ensuring the ability of electric companies to invest in wildfire risk mitigation for the safety of their customers is a top industry priority, as per the Edison Electric Institute.[1]
New & Pending Patent Info.
U.S. Patent No. 12,074,424 "End of Line Protection with Trip Signal Engaging", was issued by the U.S. Patent and Trademark Office (USPTO) on August 27, 2024 to the Company's majority-owned subsidiary, Viking Sentinel Technology, LLC, and is in addition to patents previously disclosed by the Company. The Notice of Allowance recently received by the USPTO is regarding patent application No. 17/628,545 entitled "End of Line Protection with Blocking", and the associated patent is expected to be issued in the coming weeks.
Updated Overview of Patents in Wildfire Mitigation & Public Safety Portfolio
The Company's Broken Conductor Protection technology is designed to be an integral component within existing grid protection systems, improving resiliency and reliability, eliminating the need for Public Safety Power Shutdown Programs, and significantly reducing the risk of fires and improving public safety. Learn more about Camber's Broken Conductor Protection Technology at www.camberprotection.com.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) entities with the intellectual property rights to patented and patent pending electric transmission and distribution broken conductor protection systems; and (b) an entity with intellectual property rights to a patented medical & bio-hazard waste treatment system using ozone technology. For more information, please visit the company's website at www.camber.energy.
SEC Reports
All figures referenced herein are approximate and all descriptions above are qualified in their entirety by Camber's filings with the SEC and available under "Investors -- SEC Filings" 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.
[1] https://www.eei.org/en/issues-and-policy/wildfires
Contact Information:
Investors and Media:
Tel. 281.404.4387
SOURCE: Camber Energy, Inc.
View the original press release on accesswire.com
HOUSTON, TX / ACCESSWIRE / August 27, 2024 / Camber Energy, Inc. (OTCQB:CEIN) ("Camber" or the "Company"), a growth-oriented diversified energy company, today shares an open letter to shareholders.
Dear Shareholders,
We take this opportunity to provide a brief update on certain matters involving the Company.
OTC:QB Designation
Effective August 27, 2024, the Company's shares of common stock, trading under the symbol "CEIN", have been approved for upgraded quotation on the OTCQB Venture Market. The OTCQB is a premier marketplace for entrepreneurial and development stage U.S. and international companies that are committed to providing a high-quality trading and information experience for their U.S. investors. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process every six months. The OTCQB quality standards provide a strong baseline of transparency, as well as the technology and regulation to improve investors' access to information and trading experience.
NYSE (American)
We respectfully disagree that it was necessary for the staff at the NYSE (American) to exercise their discretion and commence delisting proceedings vis-à-vis Camber due to the low stock price, in particular given current macroeconomic conditions and geopolitical tensions in certain regions. We were confident in the ability to successfully appeal the NYSE's decision if we demonstrated an immediate intent to effect a reverse stock split at a significant consolidation ratio but we were concerned about immediately re-exposing shareholders to the vagaries of the stock market and to what some believe have been questionable trading practices on the national exchanges over the past twelve to eighteen months, in particular involving small and mid-cap companies. It is very possible that our stock price would decline immediately or shortly thereafter, as has happened with other companies recently as well as our own in prior years following a stock split.
As we continue to focus on executing our growth strategy, we believe it is appropriate for the near term to limit the Company and its shareholders' exposure to as many external factors as possible while still being listed on a reputable and recognized trading platform that provides liquidity for shareholders.
Recent Milestones / Current Portfolio
Thanks to our dedicated team, Camber has achieved many important milestones over the past several months.
Revenue Comparison
Q-2 Historical Reported Revenue Comparison:
Revenues for Q-2 2024 were derived primarily from the Company's power solutions' business, including from the design, sale and/or service of power generation units and systems.
2024 Q-2 versus Q-1 Comparison:
Revenues for the quarter ended 6/30/2024 were $9.22 million, as compared to revenues of $8.29 million for the quarter ended 3/31/2024, representing an increase of approximately 19.66%.
All figures referenced above are approximate and all descriptions above are qualified in their entirety by Camber's filings with the Securities and Exchange Commission (the "SEC") including, without limitation, Camber's Quarterly Report on Form 10-Q filed on August 26, 2024 with the SEC (the "10-Q") and available under "Investors -- SEC Filings" at www.camber.energy. The prior period comparative financial information in the 10-Q is, as noted therein, that of Viking Energy Group, Inc. ("Viking"), a wholly-owned subsidiary of Camber as a result of the merger involving Camber and Viking that closed on or about August 1, 2023.
Other Highlights
Other highlights from 2024, as previously disclosed, include:
Current Portfolio
Camber has a majority interest in a long-standing, active business in a high-demand / high-growth sector, along with interests in industry-changing technologies that are beyond the research and development phase and in the early stages of commercialization:
Simson-Maxwell Ltd . (https://www.simson-maxwell.com/) - Majority owned by Camber
Reputable participant in the power solutions' business for over 80 years
Demand for primary and secondary power solutions is going to increase for many years as power consumption increases
Appropriate catalyst/platform to facilitate and manage growth given existing team (100 employees) and relationships (approx. 4,000 customers)
Broken Conductor Protection (https://camberprotection.com/)
Solution designed to assist utilities with reducing wildfire risk and improving grid resiliency
Multiple patents
Independently tested by two nationally-recognized laboratories
ESG Clean Energy System / Carbon-Capture Technology (https://esgcleanenergy.com/)
License to expansive intellectual property portfolio to unique clean energy & carbon-capture system
Exclusive for all of Canada and for several locations in the U.S.
Multiple revenue streams available through patented system
Designed to make carbon-capture economically viable (existing methods are energy-intensive and cost prohibitive)
Viking Ozone Technology (https://vkin-ozone.com/)
clean, safe and sustainable technology for waste treatment
institutions (e.g. hospitals) and waste management companies are actively searching for alternatives to existing methods
Our majority-owned subsidiary, Simson-Maxwell, is already an approved vendor with a UK-based National Health Services Trust that manages approx. 1,000 hospitals
Established distribution arrangements in the UK, France, Switzerland and other countries
We are grateful for the support and contributions of our talented team and for the support from our stakeholders, and remain steadfast in our commitment to improve in all areas within our control.
*****
Sincerely,
James A. Doris
President & CEO
Camber Energy, Inc.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) entities with the intellectual property rights to patented and patent pending electric transmission and distribution broken conductor protection systems; and (b) an entity with intellectual property rights to a patented medical & bio-hazard waste treatment system using ozone technology. For more information, please visit the company's website at www.camber.energy.
SEC Reports
All figures referenced herein are approximate and all descriptions above are qualified in their entirety by Camber's filings with the SEC and available under "Investors -- SEC Filings" 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 accesswire.com
Historical Q-2 Revenue Comparison Highlights Significant Growth
HOUSTON, TX / ACCESSWIRE / August 26, 2024 / Camber Energy, Inc. (OTC:PK:CEIN) ("Camber" or the "Company") filed on August 26, 2024 its quarterly report on Form 10-Q for the quarter ended 6/30/2024 and is pleased to share a comparison of revenues reported in Q-2 2024 versus revenues reported by the Company in Q-2 for the preceding three years.
Q-2 Historical Reported Revenue Comparison:
Revenues for Q-2 2024 were derived primarily from the Company's power solutions' business, including from the design, sale and/or service of power generation units and systems.
2024 Q-2 versus Q-1 Comparison:
Revenues for the quarter ended 6/30/2024 were $9.22 million, as compared to revenues of $8.29 million for the quarter ended 3/31/2024, representing an increase of approximately 19.66%.
Other Q-2 Highlights:
Other highlights from 2024, as previously disclosed, include:
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) entities with the intellectual property rights to patented and patent pending electric transmission and distribution broken conductor protection systems; and (b) an entity with intellectual property rights to a patented medical and bio-hazard waste treatment system using ozone technology. For more information, please visit the company's website at www.camber.energy.
SEC Reports
All figures referenced herein are approximate and all descriptions above are qualified in their entirety by Camber's filings with the Securities and Exchange Commission (the "SEC"), including, without limitation, Camber's Quarterly Report on Form 10-Q filed on August 26, 2024 with the SEC (the "10-Q") and available under "Investors -- SEC Filings" at www.camber.energy. The prior period comparative financial information in the 10-Q is, as noted therein, that of Viking Energy Group, Inc. ("Viking"), a wholly-owned subsidiary of Camber as a result of the merger involving Camber and Viking that closed on or about August 1, 2023.
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 SEC. 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 accesswire.com
Results Indicate CEI's "Ozone" Waste Treatment System Meets World's Strictest Testing Standards (NFX 30-503)
HOUSTON, TX / ACCESSWIRE / July 29, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that results from specialized testing of the Company's patented medical waste treatment unit using ozone, specifically its VKIN-300 model, demonstrate the unit will comply with French Standard NFX 30-503-2, which is regarded as one of the world's strictest standards for waste decontamination equipment.
The results, received in mid-July, 2024, were in connection with tests performed on the VKIN-300 model in April of this year at the Company's facility in Edmonton, Alberta. The tests were carried out by representatives of EC-EFRES, a leading healthcare laboratory consulting firm based in Aubière, France that specializes in, among other things, testing procedures for infectious waste-treatment machines intended for use in France and other countries. According to representatives of EC-EFRES, the VKIN-300 is the first large capacity "Ozone" disinfection system that will attain this standard.
Erwin Herren, a representative of BOX O3 International SA, one of the Company's existing distributors, commented, "This is a critical milestone. We are extremely pleased with the results and look forward to the VKIN-300 unit being delivered to France so we can take next steps to obtain official French certification and deliver the unit to one of our waste-processing customers. These results will expand our distribution opportunities in France, elsewhere in Europe and Africa, and also advance the manufacturer's initiatives in other parts of the world."
About Viking Ozone Technology
Viking Ozone Technology, LLC ("Viking Ozone"), a majority-owned subsidiary of Camber Energy, Inc., offers a cleaner, safer and more sustainable alternative for waste treatment, and its system is a more environmentally friendly and cost-effective alternative to incineration, chemical treatment, autoclave and heat treatments for regulated medical waste and bio-hazardous waste. Viking Ozone's system reduces the amount of energy required to process waste, which conserves resources, lowers operating costs and reduces greenhouse gas emissions, resulting in a cleaner, safer environment. The modular design and low profile allow for multiple configurations and savings for civil work at the site.
To learn more about Viking Ozone please visit https://vkin-ozone.com/.
About Camber Energy, Inc.
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 accesswire.com
HOUSTON, TX / ACCESSWIRE / July 26, 2024 / Camber Energy, Inc. (NYSE American:CEI), a growth-oriented energy company ("Camber" or the "Company") announces today, that on July 2, 2024, the United States District Court for the Southern District of Texas, issued an order providing for preliminary approval of a proposed settlement of the claims asserted nominally on behalf of Camber against the individual defendants named in the previously disclosed stockholder derivative action, Case No. 4:22-cv-02167, pending before the court.
The order set a final approval hearing for September 12, 2024, at 2:00 p.m. at the United States District Court for the Southern District of Texas, Houston Division, 515 Rusk Street Houston, TX 77002 (or by telephonic or video means as may be designated by the Court in the interest of public safety). As required by the order, the Stipulation of Settlement, and a Notice of Proposed Settlement of Derivative Actions, Final Approval Hearing, and Right to Appear, have been posted to the Investor's Overview section of Camber's website (http://camber.energy/).
Summary Notice:
About Camber Energy, Inc.
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 accesswire.com
Separating water first from the exhaust stream now makes zero-carbon power generation possible
HOUSTON, TX / ACCESSWIRE / July 15, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, shared today the most recent announcement from ESG Clean Energy, LLC ("ESG") advising that ESG's carbon capture system has achieved capturing 100% of the CO2 from a combustion exhaust stream, making it possible for any internal combustion engine - big or small - to have no carbon dioxide emissions.
ESG's patented system consists of a two-step process: first removing the water from the exhaust and then capturing the CO2. Drying the exhaust more than doubles a CO2-adsorbent's capacity, enabling 100% of the carbon to be captured while simultaneously reducing the size and cost of the system, according to ESG.
Camber's wholly-owned subsidiary has licensed the intellectual property associated with ESG's clean energy and carbon-capture system for exclusive use in Canada and for multiple locations in the U.S.
ESG's Recent Announcement
Regarding the test results of its patented water removal system and carbon-capture prototype, on July 12, 2024 ESG issued a press release which stated, in part:
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ESG Clean Energy's Carbon Capture System Achieves 100% Removal From Fossil Fuel Power Plant Emissions
Separating water first from the exhaust stream now makes zero-carbon power generation possible
WEST SPRINGFIELD, Mass. - (July 12, 2024) -- ESG Clean Energy, LLC, developers of power generation/carbon capture systems with zero carbon output, today announced that its carbon capture system has achieved capturing 100% of the CO2 from a combustion exhaust stream, making it possible for any internal combustion engine - big or small - to have no carbon dioxide emissions.
ESG's carbon capture system consists of a two-step process; first removing the water from the exhaust and then capturing the CO2. Drying the exhaust more than doubles a CO2-adsorbent's capacity, enabling 100% of the carbon to be captured while simultaneously reducing the size and cost of the system.
ESG's patented water removal and carbon capture system is designed for both large and small systems and can be retrofitted onto current operating power plants plus applied to mobile applications. ESG's water removal system consists of an advanced ceramic membrane incorporated into a unique mechanical cooling system. The carbon capture system utilizes readily available low-cost solid adsorbers that are nontoxic and easy to handle making the entire system very versatile and energy efficient.
Testing was conducted at the company's 4.4MW gas-powered power generation plant in Holyoke that serves the local electrical grid.
"This is a huge milestone for our development team and one we have been anticipating for a some time," said Nick Scuderi, President of ESG Clean Energy, LLC. "It's great to see the proof and the data that shows we are able to capture 100% of the C02 from an internal combustion engine."
ESG Clean Energy plans on implementing this technology across all its planned facilities and has licensed the technology to a subsidiary of Camber Energy (NYSE (Amex): CEI) for all of Canada and multiple locations in the United States.
[…]
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About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) an entity with intellectual property rights to a fully developed, patented, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (b) 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 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 on 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 accesswire.com