Investor Relations
P.O. is for a VKIN-300 Unit intended for use by Waste-Processing Company in France
HOUSTON, TX / ACCESSWIRE / January 30, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that BOX 03 International S.A. ("BOX 03") issued a purchase order for a VKIN-300 Waste Treatment system designed by Camber's majority-owned subsidiary, Viking Ozone Technology, LLC ("Viking Ozone").
The VKIN-300 unit is intended for use by one of BOX 03's existing clients, a waste management company based in France that has been active in collecting, managing and treating waste from healthcare facilities for over twenty-five years.
James Doris, Camber's President & CEO, stated "We have spent several months putting the appropriate infrastructure in place to successfully execute our commercialization strategy for this revolutionary technology, including expanding Viking Ozone's portfolio of waste treatment units, enhancing our technical team, formalizing relationships with reputable organizations in key markets, and establishing an appropriate framework and methods to ensure timely delivery, commissioning, certification and after-sales support. BOX 03 is an organization with intimate knowledge of the challenges waste-processing companies face in the current environment, and their issuance of this particular order evidences their belief that the Viking Ozone system is the most superior product available in the market. We believe our ozone technology will ultimately become the standard treatment system for regulated medical waste, and anticipate more orders from BOX 03 and other distributors in the near future."
The medical waste industry is currently valued at $14 billion and is expected to grow at a 7.2% CAGR through to 2032. The Viking Ozone system is at the forefront of this expansion, ready to make the world a cleaner, safer place.
About the VKIN-300
The VKIN-300 unit is one of many in the Viking Ozone portfolio of waste-processing systems.
About Viking Ozone
Viking Ozone 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 is designed to reduce 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/.
BOX 03
The purchase order for the VKIN-300 unit was issued by BOX 03 International S.A., the authorized distributor of Viking Ozone's proprietary ozone waste treatment systems in Switzerland, France, Italy, Germany, and French speaking countries of West Africa, to Simson-Maxwell Ltd. ("Simson-Maxwell"), a majority-owned subsidiary of Viking Energy Group, Inc., which in turn is a wholly-owned subsidiary of Camber. Simson-Maxwell intends to ship the VKIN-300 unit to France in or about April, 2023 after which the unit will be subject to various mechanical, environmental and other testing and certification procedures, standards and requirements, as applicable. BOX 03's payment obligations with respect to the purchase of the VKIN-300 unit are subject to the unit satisfying all such procedures, standards and requirements and there are no assurances of a positive outcome. BOX 03 provides consultancy and project management services to various end-users of waste treatment systems, with particular emphasis on advising and supporting globally-recognized companies engaged in the business of treating and disposing of medical waste in Europe and abroad.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking"), 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. Further examples of such risks and uncertainties include but are not limited to: (i) whether all terms and conditions of the purchase order will be met by the parties and whether the purchase order will result in the eventual delivery of the VKIN-300 Unit or realize revenue for the Company; (ii) whether the delivery of the VKIN-300 unit will materialize within the slated timeline; (iii) the ability of Camber or any of its subsidiaries to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iv) unanticipated operating costs, transaction costs and actual or contingent liabilities; and (v) changes in government licensing and regulation that may adversely affect the business of Camber and/or its subsidiaries.
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
Territories Include Switzerland, France, Italy, Germany, and French speaking countries of West Africa
HOUSTON, TX / ACCESSWIRE / January 23, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that Simson-Maxwell Ltd. ("Simson-Maxwell"), a majority-owned subsidiary of Viking Energy Group, Inc., a company wholly-owned by Camber, entered into a Manufacturer's Representative Agreement ("MRA") with BOX 03 International S.A. ("BOX 03") pursuant to which BOX 03 was appointed as the exclusive distributor of Viking Ozone Technology, LLC's ("Viking Ozone") proprietary ozone waste treatment systems in Switzerland, France, Italy, Germany, and French speaking countries of West Africa.
BOX 03 provides consultancy and project management services to various end-users of waste treatment systems, with particular emphasis on advising and supporting globally-recognized companies engaged in the business of treating and disposing of medical waste in Europe and abroad.
Daryl Kruper, Chairman of Simson-Maxwell, stated "We are extremely pleased to expand our footprint in Europe and West Africa, and to align ourselves with an organization that is as equally committed to offering waste processing companies and others with the most advanced technology in the marketplace to assist with their waste-treatment challenges."
James Doris, President and CEO of Camber, commented "I am proud of our Viking Ozone team for formalizing this important relationship. They worked tirelessly for several months with representatives and certain clients of BOX 03 to establish what I believe will be a very successful framework with respect to the sale and service of our superior waste treatment system in these regions."
About Viking Ozone Technology
Viking Ozone 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 BOX 03
BOX 03 International S.A. is active in the field of healthcare, hygiene and environmental concern. Among other things, BOX O3 provides consultancy and project management services to various end-users of waste treatment systems, with particular emphasis on advising and supporting globally-recognized companies engaged in the business of treating and disposing of medical waste in Europe and abroad.
About Camber Energy,Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking"), 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 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
Stockholders' Equity also Significantly Greater as a Result of Merger
HOUSTON, TX / ACCESSWIRE / November 14, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, today filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission for the quarter ended September 30, 2023, which is the Company's first quarterly filing following the completion of the previously disclosed merger with Viking Energy Group, Inc. (the "Merger"). As a result of the Merger, among other things:
James Doris, Camber's President and Chief Executive Officer, commented, "The recently completed merger with Viking has provided Camber with an active business and growth platform which the company has not seen in over eight years, if ever. We are focused on expanding existing business lines, commercializing our industry-changing technologies, and pursuing new opportunities as we work to achieve our goal of becoming a profitable, dominant participant in the energy sector. I believe we are better positioned than ever before given our infrastructure, talented personnel, and support from existing stakeholders."
Revenue Comparison
| CEI - Q3 Reported Revenue Comparison | |||||||||||||||||
|
|
9-month period ended 9/30/2020 | 9-month period ended 9/30/2021 | 9-month period ended 9/30/2022 | 9-month period ended 9/30/2023 | |||||||||||||
|
Revenue
|
$ | 180,046 | $ | 266,082 | $ | 466,566 | $ | 24,400,000 | |||||||||
Stockholders' Equity Comparison
| CEI - Q3 Reported Stockholders' Equity Comparison | |||||||||||||||||
|
|
9-month period ended 9/30/2020 | 9-month period ended 9/30/2021 | 9-month period ended 9/30/2022 | 9-month period ended 9/30/2023 | |||||||||||||
|
Stockholders' Equity / Deficit
|
$ | (91,871,167 | ) | $ | (165,531,949 | ) | $ | (33,079,090 | ) | $ | 29,189,192 | ||||||
Note: The figures referenced herein are approximate and, in most cases, have been rounded to the nearest $100,000. For specific amounts, please refer to Camber's filings with the Securities and Exchange Commission ("SEC") including, without limitation, Camber's Quarterly Report on Form 10-Q filed on November 14, 2023 with the SEC and available under "Investors -- SEC Filings" at www.camber.energy.
About Camber Energy,Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through Viking, Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) entities with the intellectual property rights to fully developed, 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.
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 source version on accesswire.com:
https://www.accesswire.com/802952/camber-energy-reports-significantly-higher-revenues-post-vkin-merger
CEI Continues to Enhance & Strengthen IP Portfolio
HOUSTON, TX / ACCESSWIRE / November 7, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that Viking Protection Systems, LLC ("Viking Protection") received Notices of Allowance from the United States Patent & Trademark Office ("USPTO") regarding:
A Notice of Allowance is issued after the USPTO makes the determination that a patent should be granted from an application, and patents from the recently allowed applications are expected to be issued in the coming weeks. These pending patents are in addition to patents or pending patents previously announced by the Company.
The prospective patents relate to Viking Protection's proprietary transmission line ground fault prevention systems and methods, which are designed to detect a break in a transmission line, or coupling failure, and to immediately de-energize the line, thus preventing an energized high voltage transmission line from contacting ground or a grounded structure. The technology is designed to be an integral component within a much-needed, worldwide grid hardening and stability initiative by electric utilities to improve resiliency and reliability of existing infrastructure. Viking Protection's software-based solution can be deployed within a utility's existing protective relay infrastructure, allowing the utility to protect its grid with greater confidence and reliability.
Viking Protection is a majority-owned subsidiary of Viking Energy Group, Inc. ("Viking"), a wholly-owned subsidiary of Camber.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through Viking, Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) entities with the intellectual property rights to fully developed, 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.
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 source version on accesswire.com:
https://www.accesswire.com/800487/camber-energy-announces-notices-of-allowance-for-additional-patents
HOUSTON, TX / ACCESSWIRE / November 2, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce the dismissal of the previously disclosed Class Action Complaint (i.e. C.A.No.4:21-cv-03574) filed against the Company et al. titled Ronald E. Coggins v. Camber Energy et al. in the U.S. District Court for the Southern District of Texas, Houston Division, pursuant to which the Plaintiffs sought to recover damages alleged to have been suffered by them as a result of the defendants' alleged violations of federal securities laws.
On September 22, 2023, the Court granted the Company and other defendants' motions to dismiss in full, and on October 25, 2023, the Court signed a joint stipulation submitted by the parties, dismissing the case with prejudice.
About Camber Energy,Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking"), Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) entities with the intellectual property rights to fully developed, 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.
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 source version on accesswire.com:
https://www.accesswire.com/798815/camber-energy-successfully-secures-dismissal-of-class-action-lawsuit
HOUSTON, TX / ACCESSWIRE / October 3, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that Simson-Maxwell Ltd. ("Simson-Maxwell"), a majority-owned subsidiary of Viking Energy Group, Inc., a company wholly-owned by Camber, entered into a Manufacturer's Representative Agreement ("MRA") with Planeteq Limited ("Planeteq") pursuant to which Planeteq was appointed as the exclusive distributor of Viking Ozone Technology, LLC's ("Viking Ozone") proprietary ozone waste treatment systems in the United Kingdom.
Planeteq, a U.K.-based company that designs sustainable technology products to help businesses reduce waste and drive energy efficiency, is an approved vendor within the National Health Service Trust (NHS), which manages approximately 1,000 hospitals in the United Kingdom.
Paul Newman, Planeteq's Chief Technical Officer, stated "After spending several months evaluating Viking Ozone's technology, dealing with their technical team and having multiple communications with representatives of certain hospitals within the NHS network, we can confidently say we are not aware of any comparable waste treatment system on the market. We genuinely believe Viking's technology is an innovative solution for the current waste treatment challenges at hospitals within the NHS as well as the private sector, and that it will assist the NHS achieve its Net Zero goal. We are excited to be the exclusive distributor in the U.K. of this revolutionary product."
Daryl Kruper, Chairman of Simson-Maxwell, stated "We are extremely pleased to be working with the talented team at Planeteq, and are confident they will provide terrific service, including after-sales support, to end users of our system."
About Viking Ozone Technology
Viking Ozone 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 Planeteq
Planeteq Limited, based in the United Kingdom, creates digital and sustainable technology products to respond to the economic, environmental and social challenges facing the world today. The company helps businesses join the global movement to reduce waste and drive energy efficiency, and Planeteq's mission is to influence the way businesses, local authorities and governments view sustainability by demonstrating that being part of the circular economy is not only profitable, but necessary, as the world heads ‘Towards Net Zero'.
About Camber Energy,Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking"), Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) 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 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 source version on accesswire.com:
https://www.accesswire.com/789434/camber-energy-announces-agreement-with-uk-distributor-for-vkin-ozone-proprietary-waste-treatment-system
I.P. is Part of Solution Designed to Reduce Wildfires and Improve Grid Stability
HOUSTON, TX / ACCESSWIRE / September 27, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), today announced that on September 26, 2023 the U.S. Patent and Trademark Office (USPTO) issued U.S. patent 11,769,998 entitled " Electric Transmission Line Ground Fault Prevention Systems Using Dual, High Sensitivity Monitoring Devices" to Viking Protection Systems, LLC ("Viking Protection"), a majority-owned subsidiary of Camber's wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking").
The new patent is part of a portfolio of intellectual property owned by Viking Protection Systems, LLC and/or Viking's joint venture partners which has been incorporated into Open Conductor Detection technologies designed to detect unsafe and hazardous conditions for electric transmission lines and distribution lines of any length and any voltage. The systems are designed to immediately identify (within a tenth of a second or less) when a conductor breaks or opens and to instantly de-energize the appropriate source of power. The technology is designed to be an integral component within a much-needed, worldwide grid hardening and stability initiative by electric utilities to improve resiliency and reliability of existing infrastructure.
More Information
To learn more about the Open Conductor Detection technology please visit 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. ("Viking"), Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) entities with the intellectual property rights to fully developed, 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.
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 source version on accesswire.com:
https://www.accesswire.com/787680/camber-energy-announces-issuance-of-new-patent-covering-transmission-line-ground-fault-prevention-systems
Unit to be Integrated in Existing Power System Servicing Important Region of Canada
HOUSTON, TX / ACCESSWIRE / September 26, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that Simson-Maxwell, Ltd. ("Simson-Maxwell"), a majority-owned subsidiary of Viking Energy Group, Inc., Camber's wholly-owned subsidiary, recently shipped a 3.5 MW - SGW3505, Simson-Maxwell customized generator destined for Iqaluit, the capital city of Nunavut, the largest and northernmost Territory of Canada.
The SGW3505 will replace an older unit within an existing power plant managed by Qulliq Energy Corporation and assist with providing safe, reliable power to the City of Iqaluit, an important northern center in Canada. It is anticipated the SGW3505 will allow Qulliq Energy Corporation to experience fuel economy and emissions savings, as well as lower overall maintenance costs. The Iqaluit power plant also has other older engines which Simson-Maxwell hopes to replace in the same fashion at the appropriate time. This particular order was placed in October 2022 and shipped by Simson-Maxwell the week of September 18, 2023, as planned.
Aarron Dowler, President, Western Canada & CFO of Simson-Maxwell, commented, "I am so proud of our team. Executing this project truly was a collaborative effort and required expertise and input from members within all of our business segments. Shipping on-time was critical as delivery options to remote areas are limited, and in some cases, non-existent, after late fall."
Tom Jackson, Simson-Maxwell's President, Eastern Canada & VP of Sales, also added, "Our team's diversity is our strength, I am proud to be associated with such a strong group committed to the same goal of providing our customer with a solution that works."
About Simson-Maxwell Ltd.
Simson-Maxwell is a leading manufacturer and supplier of industrial engines, power generation products, services and custom energy solutions. The company 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, as well as solar, wind, and energy 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 branch locations assist with servicing ~4,000 existing maintenance arrangements and meeting the energy and power-solution demands of the company's other customers. Simson Maxwell allows its customers the ability to take their power for granted and focus on what they do best.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking"), Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) 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 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 source version on accesswire.com:
https://www.accesswire.com/787264/camber-energy-announces-shipment-of-35-mw-simson-maxwell-custom-generator-to-nunavut
Combined PF Revenues for the 1st Half of 2023 Far Exceed Camber's Annual Revenues for each of the Past 8 Yrs.
HOUSTON, TX / ACCESSWIRE / September 8, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") announced that on September 7, 2023 it filed an amendment (the "Amendment") to the Current Report on Form 8-K filed by the Company on August 1, 2023, regarding the consummation of the previously-announced merger (the "Merger") involving Viking Energy Group, Inc. ("Viking"), which is now a wholly-owned subsidiary of Camber.
The Amendment includes the unaudited pro forma combined statement of operations of Camber and Viking for the six months ended June 30, 2023 (the "PFCSO"), the unaudited pro forma combined balance sheet of Camber and Viking as of June 30, 2023 (the "PFCBS"), and the notes related thereto. The PFSCSO is presented as if the Merger had been completed on January 1, 2023.
Revenue Comparison
As noted in the PFCSO, revenue for the six-month period ended June 30, 2023, was $14,453,632. A comparison between the revenue set out in the PFSCO and Camber's revenue for the past eight fiscal years, as previously disclosed in the Company's filings with the Securities and Exchange Commission, is as follows:
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |||||||||||||||||||||||||||
| Duration of Period | 12 mos. | 12 mos. | 12 mos. | 12 mos. | 12 mos. | 12 mos. | 12 mos. | 12 mos. | 6 mos. | |||||||||||||||||||||||||||
| Revenue | $ | 3,000,886 | $ | 968,146 | $ | 5,302,024 | $ | 6,859,767 | $ | 2,742,102 | $ | 397,118 | $ | 401,222 | $ | 597,255 | $ | 14,453,632 | * | |||||||||||||||||
* as set out in the PFSCO and subject to the notes related thereto. This does not purport to project future operating results.
Stockholders' Equity / (Deficit)
As disclosed in the Company's filings with the Securities and Exchange Commission, the Company's stockholders' deficit as at December 31, 2021 and December 31, 2022 was ($71,813,552) and ($17,123,633), respectively. The stockholders' equity as at June 30, 2023 per the PFCBS was $14,129,553. A summary of the foregoing is as follows:
|
As at
|
12/31/2021 | 12/31/2022 | 6/30/2023 | |||||||||
|
Stockholders' Equity / (Deficit)
|
$ | (71,813,552 | ) | $ | (17,123,633 | ) | $ | 14,129,553 | * | |||
* as set out in the PFCBS and subject to the notes related thereto. This does not purport to project future results.
Additional Details
Additional details regarding the above, and all descriptions herein are qualified in their entirety by, Camber's Current Report on Form 8-K/A filed with the Securities and Exchange Commission ("SEC") on September 7, 2023, which is available under "investors" - "SEC filings" at www.camber.energy. The PFCSO is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the Merger occurred on the date indicated, and it does not purport to project the future operating results of the combined business following the consummation of the Merger.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking"), Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) 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 source version on accesswire.com:
https://www.accesswire.com/781926/camber-energy-highlights-elements-of-recent-merger
HOUSTON, TX / ACCESSWIRE / September 6, 2023 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company") is pleased to announce that John McVicar, CPA, CA, MBA, ICD.D, has been appointed the Chief Financial Officer of the Company, replacing Frank Barker who retired effective September 1st, 2023 and will remain available to the Company as a consultant on an as-needed basis. Mr. McVicar has been the CFO of Viking Energy Group, Inc., Camber's wholly-owned subsidiary, since June, 2022.
Mr. McVicar brings more than 30 years of international business experience in Management Consulting and Finance. His previous roles include Consulting Partner at a Big 4 firm, CFO of a TSX-listed company and several regional finance leadership roles with large U.S. and Canadian multinationals in Canada, the U.S., South America and Asia. Mr. McVicar is a CPA, CA and received an MBA from Duke University and a B. Comm from Queen's University.
James Doris, President and Chief Executive Officer of Camber, commented, "We are grateful for Frank's contributions to the organization and wish him the best in retirement. John has been a valuable resource at the Viking level over the past year and we are pleased to have him step into the CFO role at Camber to assist with executing on the next phase of our growth strategy."
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking"), Camber provides custom energy & power solutions to commercial and industrial clients in North America and owns interests in oil and natural gas assets in the United States. Also through Viking, Camber holds an exclusive license in Canada to a patented carbon-capture system, and has a majority interest in: (i) 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 (ii) 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 source version on accesswire.com:
https://www.accesswire.com/780479/camberenergy-appoints-john-mcvicar-as-cfo