Investor Relations
ESG's CO2-Capture Prototype Finally Installed and Tested at Site in Holyoke, MA
HOUSTON, TX / ACCESSWIRE / July 8, 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 test results of the recently installed carbon-capture prototype at ESG's facility in Holyoke, MA indicate ESG's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent.
This is an industry-changing outcome as it will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to implement, according to ESG. Camber's wholly-owned subsidiary has licensed the intellectual property associated with ESG's clean energy & carbon-capture system for exclusive use in Canada and for multiple locations in the U.S.
"These results represent another significant milestone in the development and commercialization of our clean energy system. We were confident we would see these numbers, but it is nice to have them validated with data from an operational unit and finally see the proof in our design," said Nick Scuderi, President of ESG Clean Energy, LLC.
James Doris, President & CEO of Camber, commented "We have been waiting a long time for this moment but are very pleased ESG's team has finally completed this critical milestone. Our technical and marketing teams can now begin to analyze applicable data and work towards finalizing and implementing important commercialization and monetization initiatives."
ESG's Recent Announcement
Regarding the test results of its carbon-capture prototype and its patented water removal system, on July 2, 2024 ESG issued a press release which stated, in part:
****
ESG Clean Energy's Patented Technology More than Doubles CO2-Capture Rate!
CO2-Capture Prototype Finally Installed and Tested at ESG's Active Site in Holyoke, MA
WEST SPRINGFIELD, Mass. - (July 2, 2024) - ESG Clean Energy, LLC ("ESG"), developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that ongoing testing results at its facility in Holyoke, MA indicate the company's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent, which is an industry-changing outcome.
[…]
Following the previously disclosed installation and testing of its water removal system, ESG assembled and commenced testing of its carbon capture prototype, using zeolite (a common adsorbent material for capturing CO2), and recent analyses show that water removal increased carbon capture by 100% per pound of adsorbent. This will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to implement.
ESG Clean Energy's enabling technology is its patented water removal system which consists of an advanced ceramic membrane incorporated into a unique mechanical cooling system. It is designed to be used on large and small systems and can be retrofitted onto current operating power plants.
Testing was conducted at ESG's 4.4MW gas-powered power generation plant in Holyoke that serves the local electrical grid.
ESG 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.
[…]
****
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
ESG's CO2-Capture Prototype Finally Installed and Tested at Site in Holyoke, MA
HOUSTON, TX / ACCESSWIRE / July 2, 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 test results of the recently installed carbon-capture prototype at ESG's facility in Holyoke, MA indicate ESG's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent.
This is an industry-changing outcome as it will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to implement, according to ESG. Camber's wholly-owned subsidiary has licensed the intellectual property associated with ESG's clean energy & carbon-capture system for exclusive use in Canada and for multiple locations in the U.S.
"These results represent another significant milestone in the development and commercialization of our clean energy system. We were confident we would see these numbers, but it is nice to have them validated with data from an operational unit and finally see the proof in our design," said Nick Scuderi, President of ESG Clean Energy, LLC.
James Doris, President & CEO of Camber, commented "We have been waiting a long time for this moment but are very pleased ESG's team has finally completed this critical milestone. Our technical and marketing teams can now begin to analyze applicable data and work towards finalizing and implementing important commercialization and monetization initiatives."
ESG's Recent Announcement
Regarding the test results of its carbon-capture prototype and its patented water removal system, on July 2, 2024 ESG issued a press release which stated, in part:
****
ESG Clean Energy's Patented Technology More than Doubles CO2-Capture Rate!
CO2-Capture Prototype Finally Installed and Tested at ESG's Active Site in Holyoke, MA
WEST SPRINGFIELD, Mass. - (July 2, 2024) - ESG Clean Energy, LLC ("ESG"), developers of power generation/carbon capture systems with a nearly Zero Carbon output, announced today that ongoing testing results at its facility in Holyoke, MA indicate the company's patented water removal technology enables at least twice as much carbon to be captured per pound of adsorbent, which is an industry-changing outcome.
[…]
Following the previously disclosed installation and testing of its water removal system, ESG assembled and commenced testing of its carbon capture prototype, using zeolite (a common adsorbent material for capturing CO2), and recent analyses show that water removal increased carbon capture by 100% per pound of adsorbent. This will significantly reduce the size and cost of carbon capture systems, making them much easier and economical to implement.
ESG Clean Energy's enabling technology is its patented water removal system which consists of an advanced ceramic membrane incorporated into a unique mechanical cooling system. It is designed to be used on large and small systems and can be retrofitted onto current operating power plants.
Testing was conducted at ESG's 4.4MW gas-powered power generation plant in Holyoke that serves the local electrical grid.
ESG 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.
[…]
****
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
HOUSTON, TX / ACCESSWIRE / June 24, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), today announced the successful conclusion of critical independent testing of its Broken Conductor Protection Technology for Electric Transmission Systems.
The comprehensive testing, which included over fifty real-time-digital-simulations of broken conductors using varying voltage levels at different points of a transmission line, demonstrated the reliability and effectiveness of Camber's technology in de-energizing a broken conductor before it contacts the ground or a grounded structure, thereby preventing the conductor from being a source of ignition or a danger to life and property.
This testing was coordinated by Bridge View Resources, LLC ("BVR") and conducted at a laboratory of a nationally-recognized engineering firm that specializes in complex and diverse electrical transmission and distribution projects for investor-owned utilities, municipalities, rural cooperatives, and industrial clients.
Steven A. Greenberg, President of BVR, commented "The test results confirm the efficacy of this patented technology, as expected. We are extremely pleased to be working with Camber's team on key elements of the commercialization strategy for this industry-changing product."
Cost of Wildfires
According to the JEC Democratic Majority's analysis published in October, 2023, the total annual economic burden of wildfires in the United States is between $394 billion and $893 billion in damages annually, which is equivalent to between 2-4% of U.S. GDP. Solutions like Camber's broken conductor protection technology can assist with lowering this burden and, most importantly, increase public safety.
Patents in CEI's Wildfire Mitigation Portfolio
Technology owned by majority-owned subsidiaries of Camber 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.
About Bridge View Resources, LLC
BVR specializes in, among other things, upgrading and modernizing utility infrastructure and systems, and its founder, Steven Greenberg, has experience in implementing strategies, systems and solutions for sustainable facilities, products and services for energy infrastructure. Steven is a member of ASHRAE and previously served in board and/or executive committee positions for the California Alliance for Distributed Energy Resources, the Distributed Power Coalition of America, and the US Combined Heat and Power Association. He earned a Bachelor of Science in Business Administration from California Polytechnic Institute.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary 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 clean energy and 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 patented and patent-pending proprietary Electric Transmission and Distribution Broken Conductor Protection 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 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 / June 20, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, today shares an open letter to shareholders.
Dear Shareholders,
The Company is not involved in the day-to-day trading of its stock in the public market, nor does the Company receive proceeds from the trading of its stock in the secondary market, but we are definitely sensitive to market conditions and their impact on the stock price of many companies, including ours which, in my opinion, does not reflect the value of the organization.
Thanks to our dedicated team, Camber has achieved many important milestones over the past several months and by any measure is in a stronger position now than at any time in its past. Toward that end, I am pleased to highlight some of our recent accomplishments and demonstrate how we are positioned for growth.
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 R&D phase and in the early stages of commercialization:
Simson-Maxwell Ltd. (https://www.simson-maxwell.com/) - Majority Owned by Camber
Broken Conductor Protection (https://camberprotection.com/)
ESG Clean Energy System / Carbon-Capture Technology (https://esgcleanenergy.com/)
Viking Ozone Technology (https://vkin-ozone.com/)
Revenue Comparison
As a result of the merger closed in Q-3 last year, revenues, derived primarily from our power solutions' business, including from the design, sale and/or service of power generation units and systems, far exceed revenues generated by the Company in the past several years, as illustrated below.
Similarly, revenues reported by the Company in Q-1 of 2024 also exceed, by a significant margin, revenues reported by the Company in Q-1 for the preceding few years, as highlighted below.
Stockholders' Equity Comparison
The merger closed in Q-3 last year also improved the Company's stockholders' equity position, as shown below.
Other Highlights
Other highlights from 2024, as previously disclosed, include:
2024 Objectives
We are never complacent and remain diligent in our effort to improve each and every week. We are grateful to our shareholders for their support.
Sincerely,
James A. Doris
President & CEO
Camber Energy
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 patented, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (b) entities with the intellectual property rights to patented and patent pending, ready-for-market proprietary Electric Transmission and Distribution Broken Conductor Protection Systems. 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 ("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
Installation of New Hybrid Power System Using Lithium Titanate Oxide Battery Storage
HOUSTON, TX / ACCESSWIRE / June 18, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce a new project with Western Canada's largest telecom provider concerning the installation, servicing and testing of a unique Hybrid Generator system utilizing cutting edge Lithium Titanate Oxide Battery storage, commonly referred to as "LTO batteries", to support continuous connectivity to cell towers in remote regions in the country.
The pilot project will take place near Conklin, AB, where the average winter temperature hovers around three degrees Fahrenheit. The sub-zero conditions in this strategically selected location will truly test the performance of the LTO batteries as they are included in a sophisticated, hybrid generator system designed to provide uninterrupted cellular connectivity at a lower cost than traditional methods. If this industry-leading initiative is deemed successful, the telecom provider proposes to convert approximately fifty additional sites to a hybrid power support system, resulting in approximately twenty-five percent less fuel consumption at these remote locations.
Camber's majority-owned subsidiary, Simson-Maxwell Ltd., has been engaged to manage this special pilot project in Conklin. Separate from this engagement, Simson-Maxwell Ltd. services approximately 800 power systems on behalf of this leading telecom provider.
Pilot Project Site Location:
About Simson-Maxwell Ltd.
Simson-Maxwell Ltd., a majority owned subsidiary of Camber, manufactures and supplies power generation products, services and custom energy solutions. Simson-Maxwell provides commercial and industrial clients with efficient, flexible, environmentally responsible and clean-tech energy systems involving a wide variety of products, including CHP (combined heat and power), tier 4 final diesel and natural gas industrial engines, solar, wind and storage. Simson-Maxwell also designs and assembles a complete line of electrical control equipment including switch gear, synchronization and paralleling gear, distribution, Bi-Fuel and complete power generation production controls. Operating for over 80 years, Simson-Maxwell's multiple branch locations assist with servicing a large number of existing maintenance arrangements and meeting the energy and power-solution demands of the Company's other customers.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary 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 clean energy and 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 patented and patent-pending proprietary Electric Transmission and Distribution Broken Conductor Protection 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 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 / June 7, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") announces with great sadness that its Director, Lawrence (Larry) B. Fisher, has passed away after a brief illness. Mr. Fisher served as a director of the Company since December 2023, and served as a director of Viking Energy Group, Inc., a wholly-owned subsidiary of Camber, since August 2018.
Commenting on Mr. Fisher's passing, the Company's CEO, James Doris, "Larry was an invaluable member of our organization and we will be forever grateful for his wisdom, wit and support. He will be greatly missed. We extend our deepest condolences to Larry's family".
On behalf of its Board of Directors, management and employees, the Company extends its deepest sympathies to Mr. Fisher's family and thanks him for his dedication to the Company.
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
Joins Webull's Global Community of ~20 Million Registered Users
HOUSTON, TX / ACCESSWIRE / June 5, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") announces it has joined Webull's Corporate Communications Service Platform in an effort to expand direct communication lines between the Company and its retail investors.
Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission, and a member of FINRA, offers an all-in-one self-directed investment platform geared directly towards the retail investor community. By providing its ~20 million registered users with direct access to corporate updates, feeds, analyses, charts & live presentations, and combining it with the ability to buy and sell stock, Webull has eliminated the need for shareholders to jump back and forth between apps and websites.
For more information about Webull, visit their website: https://www.webull.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
CEI Continues to Expand & Strengthen its I.P. Platform
HOUSTON, TX / ACCESSWIRE / June 3, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), today announced receipt of a Notice of Allowance from the United States Patent & Trademark Office ("USPTO") for patent application No. 17/300,485 titled "End of Line Protection with Trip Signal Engaging", which is expected to be issued in the coming weeks and is in addition to the patents previously announced by the Company within its portfolio of wildfire mitigation technologies.
New Pending Patent
This prospective patent relates to ‘end of line' for distribution line protection, using trip signal engagement and unique sensing methods. Conventionally, when distribution lines incur faults, the faults are detected and power is shut down based on overcurrent condition detection. There are automated mechanisms for resetting tripped circuit breakers to restore power that have historically relied only on those overcurrent conditions. When downed lines are inadvertently grounded, restoration of power (automatic resetting of the breakers) can cause live wire hazards, such as electrocution, fire, equipment damage, etc. Camber's patented technology is designed to prevent premature restoration and eliminate related hazards given its use of end of line multiple sensors and trip signals that prevent restoration (resetting of breakers) until abnormal conditions have been resolved. The pending patent will be issued to Viking Sentinel Technology, LLC, a majority-owned subsidiary of Camber's wholly-owned subsidiary, Viking Energy Group, Inc.
Patents in CEI's Wildfire Mitigation Portfolio
Technology owned by majority-owned subsidiaries of Camber 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.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary 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 clean energy and 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 patented and patent-pending proprietary Electric Transmission and Distribution Broken Conductor Protection 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 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 / May 28, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce receipt of an ∼$3.8 million (CDN) purchase order for a three and one half megawatt customized secondary power system, features of which include:
The purchase order was received by Simson-Maxwell Ltd., Camber's majority-owned subsidiary, and the unit is expected to be ready for shipment to Iqaluit, the capital city of Nunavut, the largest and northernmost Territory of Canada, in early 2025. The secondary power system is similar in design and functionality to the previously disclosed 3.5 MW system that was designed, assembled and delivered by Simson-Maxwell Ltd. to Iqaluit in the fall of 2023.
About Simson-Maxwell Ltd.
Simson-Maxwell Ltd., a majority owned subsidiary of Camber, manufactures and supplies power generation products, services and custom energy solutions. Simson-Maxwell provides commercial and industrial clients with efficient, flexible, environmentally responsible and clean-tech energy systems involving a wide variety of products, including CHP (combined heat and power), tier 4 final diesel and natural gas industrial engines, solar, wind and storage. Simson-Maxwell also designs and assembles a complete line of electrical control equipment including switch gear, synchronization and paralleling gear, distribution, Bi-Fuel and complete power generation production controls. Operating for over 80 years, Simson-Maxwell's multiple branch locations assist with servicing a large number of existing maintenance arrangements and meeting the energy and power-solution demands of the Company's other customers.
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
Historical Q-1 Revenue Comparison Highlights Growth Following Merger
HOUSTON, TX / ACCESSWIRE / May 13, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") filed on May 10, 2024 its quarterly report on Form 10-Q for the quarter ended 3/31/2024, and is pleased to share a comparison of revenues reported in Q-1 2024 versus revenues reported by the Company in Q-1 for the preceding few years, demonstrating growth following the closing of CEI's merger with Viking Energy Group, Inc.
Q-1 Revenue Comparison:
| CEI - Q1 Reported Revenue Comparison | |||||||||||||||||
| 3-month period ended 3/31/2021 | 3-month period ended 3/31/2022 | 3-month period ended 3/31/2023 | 3-month period ended 3/31/2024 | ||||||||||||||
|
Revenue
|
$ | 33,689 | $ | 136,407 | $ | 93,471 | $ | 8,292,532 | |||||||||
Revenues for Q-1 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.
Other Q-1 Highlights:
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 patented, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (b) entities with the intellectual property rights to patented and 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.
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 ("SEC") including, without limitation, Camber's Quarterly Report on Form 10-Q filed on May 10, 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 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