Company Summary

Overview

Camber Energy, Inc. is a growth-oriented diversified energy company with operations primarily in energy solutions, power generation, and proprietary technologies. Its subsidiaries develop and provide innovative energy systems, power solutions, and environmental technologies.

Business Segments

• Power and Energy Solutions: Through its majority-owned subsidiary Viking Energy Group and its holdings, the company offers custom energy and power solutions to commercial and industrial clients in North America using a variety of technologies including:
  • Power generation products
  • Combined heat and power (CHP) systems
  • Diesel and natural gas engines (Tier 4 Final)
  • Solar, wind, and energy storage systems
• Intellectual Property and Proprietary Technologies:
  • Owns patents and patent applications related to:
    • Fully developed, patented, proprietary Medical and Bio-Hazard Waste Treatment system that uses ozone technology as a sustainable alternative to incineration and heat treatment.
    • Electric Transmission and Distribution Broken Conductor Protection Systems, designed to detect and immediately shut off power in case of transmission line breaks to improve grid safety and resilience.
  • Holds exclusive license rights and patents for a patented clean energy and carbon-capture system, primarily targeting power generation from internal combustion engines with waste heat utilization for nearly 100% CO₂ capture.
• Environmental Technologies:
  • Licensee of a patent portfolio related to bottoming cycle power systems that generate power, produce distilled water, and capture CO₂ emissions.
  • Developing systems to generate electricity, capture carbon dioxide, and produce products such as distilled water and diesel exhaust fluid.

Technologies and Intellectual Property

• Medical Waste Disposal System: Proprietary ozone-based system, owned by Viking Ozone, with exclusive worldwide manufacturing rights licensed to Simson-Maxwell.
• Broken Conductor Protection: Patented systems (including multiple patents and pending applications) designed to prevent electrical line faults and improve grid reliability, with a focus on utility-grade transmission infrastructure.
• Clean Energy and Carbon Capture: Licensed system utilizing waste heat from engines to generate power and capture CO₂, with patents issued and patent applications in progress globally.

Recent Corporate Activities

• Acquisitions:
  • About 60.5% stake in Simson-Maxwell Ltd., a Canadian manufacturer of power generation and energy solutions, employing approximately 125 employees across 8 locations in Canada.
  • 51% interest in Viking Ozone (medical waste treatment) and Viking Sentinel & Viking Protection (electrical grid safety technology).
• Merger:
  • Completed a reverse acquisition merger with Viking Energy Group in August 2023, resulting in Viking being treated as the acquirer for financial reporting purposes. As a result, approximately 49.3 million shares of common stock were issued, representing roughly 60% of the company’s shares after the merger.
• Operations:
  • Does not currently own oil and gas production assets; previously sold oil and gas interests in Texas and Kansas in 2023 and 2024, realizing processing of transactions with gains and losses.
  • Focused on technology licensing, manufacturing, and providing custom solutions in the energy sector.

Employees and Customers

• Employees:
  • No full-time employees at Camber Energy itself.
  • Approximately 125 employees in Simson-Maxwell, Canada.
• Customers:
  • No specific number of customers provided.
  • Engages with large industrial, municipal, and utility companies via its subsidiaries for power systems, environmental tech, and energy solutions.
  • Uses existing distribution channels for selling and leasing its proprietary systems.

Financial Data

• Revenue and Income:
  • No specific revenue or net income figures provided in the summary.
• Market Capitalization:
  • As of June 30, 2024, the estimated market value of non-affiliate held shares was approximately $3,264,000 (based on a stock price of $0.12 per share and the number of shares held by non-affiliates).

Note: The provided information primarily describes the company's technological focus, recent corporate activities, property holdings, and organizational structure; specific current revenue and income figures are not given.